The crypto witnessed an unusual spike in buying on Sunday morning as Bitcoin price rallied to a new ATH above $80,000. The bullish momentum spread quickly to the altcoin market as the largest cryptocurrency, ETH, sustained its position above $3000. The Ethereum price recovery backed by whale accumulation eyes current All-Time High of $4,981. By press time, ETH price had traded at $3,228, with an intraday gain of 3.2%. According
(Bloomberg) — The first two years under Donald Trump’s second term could be “quite impactful” if policy changes are made on tax, deregulation and crypto, according to Stefan Gratzer, managing director at J.P. Morgan Private Bank. Most Read from Bloomberg “One really differentiating thing Trump had in his policy was about crypto, so let’s see how this plays out,” Gratzer, who is head of institutional wealth management for Switzerland at
JUST IN: Dogecoin $DOGE rises 34% today, surpassing a $42 billion market cap. @WatcherGuru
PA Media Pip Hare will sail for a second time in the Vendee Globe race around the world A sailor is aiming to be the first woman to finish a 24,300 mile (45,000km) race around the world for a second time. Pip Hare, 50, was born in Huntingdon in Cambridgeshire and grew up in Suffolk – where she learned to sail on the River Deben. She set off in her
Getty Images Last month’s Budget raised the amount employers will pay in National Insurance Contributions Top pub and restaurant bosses have warned the chancellor that tax rises in last month’s Budget will “unquestionably” cause closures and job losses. In a letter, more than 200 signatories have said the hospitality industry is disproportionately impacted by an “unsustainable” hike in the amount employers pay in National Insurance contributions (NICs). It adds that
JUST IN: $81,000 Bitcoin @WatcherGuru
Neel Kashkari, President and CEO, Federal Reserve Bank of Minneapolis, speaks at the Milken Conference 2024 Global Conference Sessions at The Beverly Hilton in Beverly Hills, California, U.S., May 7, 2024. David Swanson | Reuters Minneapolis Federal Reserve President Neel Kashkari said Sunday that President-elect Donald Trump‘s tariff proposals could worsen long-term inflation if global trade partners were to strike back. One-time tariffs, Kashkari said on CBS’ “Face the Nation,”
The earnings season is winding down, but there are several key companies still on deck to report. Of the nine S & P 500 companies scheduled to post their third-quarter results, Home Depot and Disney are among them. Investors will look to these results for clues on whether the stock market’s postelection rally can continue. Thus far more than 450 S & P 500 names have posted their results. Of
Solana achieved a remarkable comeback after the collapse of Sam Bankman-Fried’s FTX and Alameda Research in 2022, which was a key backer of the budding smart contract platform. The chain emerged as the go-to ecosystem for retail crypto users and a hotbed of this cycle’s memecoin craze, hosting for example the popular pump.fun protocol. Resurging decentralized finance (DeFi) activity also benefitted the network, making Solana’s on-chain trading ecosystem the third-most-profitable
CNBC’s Robert Frank reports on the ultra-wealthy’s tax bill. Source link
