The cryptocurrency market is bracing itself for a potentially turbulent month of September, as crucial economic data releases, particularly those related to employment, can significantly influence the performance of digital assets. With several key events on the horizon, both in the digital asset landscape and traditional markets, investors are closely monitoring the latest developments to
The cryptocurrency market has been facing a challenging time over the past week, with a bearish sentiment prevailing. The total market cap, as reported by CoinMarketCap, currently stands at $2.04 trillion after a 0.39% dip over the last day. Investors and traders are becoming increasingly concerned as the market cap inches closer to dropping below
The year 2024 has seen a significant rise in the number of restaurant chains filing for bankruptcy across the country. This surge can be attributed to several key factors that have created a challenging operating environment for these establishments. One major reason for this trend is the shift in consumer behavior, with diners pulling back
Recent events, such as PDD’s significant decline in stock price and comments made by industry leaders, highlight a noticeable shift in China’s consumer market. Despite PDD’s impressive revenue growth, the reaction of its stock price indicates a disconnect between market sentiment and company fundamentals. Additionally, other companies like Meituan and Trip.com have reported positive earnings,
The U.S. dollar index experienced a slight decrease but remained in close proximity to its nearly two-week high, as investors shifted their focus towards the upcoming U.S. jobs report due later in the week. At 18:40 EST (22:40 GMT), the U.S. dollar index showed a 0.1% decline, settling at 101.64. Meanwhile, the EUR/USD pair held
China’s housing market has been facing significant challenges, and according to JPMorgan economist Haibin Zhu, the situation is far from being resolved. Despite various government stimulus and support measures, the sector continues to struggle. The recent data released by China Index Academy shows a slight increase in new home sales prices, but a decrease in
In the ever-evolving world of blockchain technology, Peaq has emerged as a promising platform focused on decentralized infrastructure networks (DePIN). With the scheduled launch of its layer-1 blockchain between September 22 and September 30, Peaq aims to revolutionize the way decentralized applications are powered and operated. One of the key highlights of Peaq is its
Amid ongoing manufacturing troubles at Boeing, Artisan Partners’ Chris Smith believes that GE Aerospace is poised for success. Smith points out that GE has essentially established a monopoly with its new leap engine, which is set to be featured in all new narrow-body planes. This engine could potentially power more than 80% of aircraft in
REA Group, a property listings company owned by media mogul Rupert Murdoch’s News Corp, has announced its intention to potentially acquire the U.K. property portal Rightmove. This move is aimed at creating a global digital real estate business, signaling a significant strategic shift for both companies in the competitive real estate market. Market Response and
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