Bitcoin experienced a turbulent month in August, with the leading cryptocurrency sliding by 10.25%, marking its worst performance since April. Ether also faced challenges, dropping by 23.66% in its third monthly drawdown, the worst month since June 2022. This discrepancy has highlighted the struggles within the crypto market, with Bitcoin showing isolated success thanks to
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The U.S. dollar experienced a slight decline in trading due to the upcoming release of key labor market data that could potentially influence Federal Reserve interest rate decisions. The Dollar Index, which measures the greenback against a basket of other currencies, saw a 0.1% decrease, reaching 101.577 after hitting a peak of 101.79. This movement
The month of August has proven to be a rollercoaster ride for stocks, particularly in the Dow Jones Industrial Average. From lackluster jobs data sparking fears of a recession to a global market sell-off, the market has experienced significant turbulence. The Dow even recorded its worst day in almost two years, dropping over 1,000 points
Recent on-chain data has revealed a significant development in the Bitcoin market, with a substantial 40,000 BTC leaving crypto exchanges in just 48 hours. This mass exodus of Bitcoin comes at a time when the price of the cryptocurrency has been relatively lackluster, sparking speculation that major market players see the current price levels as
As airlines around the world navigate their way through the challenges brought on by the COVID-19 pandemic, low-cost carriers are finding themselves in a particularly tough spot. Cash-strapped and struggling to return to profitability, airlines like Spirit Airlines, JetBlue Airways, and Frontier Airlines are deferring billions of dollars worth of new aircraft orders in an
Financial journalist and Bitcoin advisor to El Salvador’s president, Nayib Bukele, Max Keiser recently took to social media to express his concerns regarding the rapidly increasing national debt of the United States. Quoting a tweet that revealed the US national debt had skyrocketed to a new all-time high of $35.27 trillion, Keiser predicted that the
The US dollar is expected to face increasing downward pressure in the coming months, according to analysts at UBS. This bearish outlook is driven by a combination of factors, including narrowing interest rate differentials, concerns about the growing US fiscal deficit, and shifting global monetary policies. These factors have led UBS to downgrade the US
While Citi strategists have emphasized the U.S. election as being “USD positive,” there are multiple factors at play that could affect the dollar in the coming months. Trade and tariff policies, in particular, are expected to be significant drivers of a bullish USD outlook, especially if increased tariffs, particularly targeting China, are implemented. This could
Recently, a whale or institution made a significant deposit of 2,364 Bitcoin (BTC) to Binance, totaling nearly $140 million. This sudden move has created ripples of speculation within the cryptocurrency market. Traditionally, deposits to exchanges are seen as indicators of a potential sale, while withdrawals hint at possible buying intentions. The true motives behind this
The landscape of cannabis consumption has drastically evolved over the past few years, with the emergence of luxurious dispensaries popping up on iconic streets like Fifth Avenue in New York City. What was once a taboo subject is now making its way into high-end shopping districts, appealing to a new demographic of consumers looking for