“Despite bitcoin’s election-fueled rally, its 260-day complexity is not yet close to the 1.2 level that would signal the start of another crypto winter,” the BCA Research team led by Chief Strategist Dhaval Joshi said in a Nov. 14 note to clients. “Hence, while we should expect a near-term retracement, bitcoin’s structural uptrend is intact with an ultimate destination of $200,000+.” Source link
By Harry Robertson LONDON (Reuters) – The pound held steady on Monday after falling to a six-month low the previous week as the dollar surged on the back of Donald Trump’s victory in the U.S. presidential election. Sterling was last up 0.1% at $1.2627, from $1.2598 on Friday, its lowest since mid-May. Trump’s Nov. 5 election win has caused the to surge around 3% as investors bet trade tariffs and
Investing.com — The U.S. equity market faces a potential pullback of 5% to 9% in the near term, according to Evercore ISI analysts on Monday, citing a combination of macroeconomic and policy factors. In a research note, Evercore ISI highlighted how post-election certainty, driven by President-elect Donald Trump’s decisive victory, initially buoyed equities. However, they explain that the stability has now fostered investor complacency, with looming risks such as tariffs, immigration
The total cryptocurrency market hits a new all-time high of $3.025 trillion as bitcoin consolidates around $92,000. Source link
Crypto exchange WhiteBIT has launched a major program offering some users up to 60% in trading fee rewards, creating exciting earning potential for participants. The new affiliate initiative comes as the crypto market cap surpassed $3 trillion amid major adoption by retail and institutional investors. WhiteBIT Exchange Rolls Out Affiliate Program With 60% Rewards WhiteBIT has recently rolled out an exciting affiliate program, aimed at expanding its global network of
A crypto trader made a massive profit with MANTRA trading, catching the eyes of investors. According to reports, the trader has witnessed an estimated gain of more than $6 million with OM price witnessing a slight dip during writing. However, the massive dump by the investor has sparked speculations over a further dip in the crypto’s price, while many anticipate otherwise looking at the current broader market trends. Crypto Trader
By Arsheeya Bajwa (Reuters) – Nvidia has bested lofty Wall Street revenue expectations for the past eight quarters. But as analysts expect a slower pace of growth, how the company overcomes delays and supply chain issues to sell its latest AI chips is likely to be a barometer for its stock price. The chipmaker, which is at the heart of the generative artificial intelligence boom, is expected to report that
President-elect Donald Trump tapped Republican Brendan Carr, an Elon Musk-backed critic of big tech, to lead the Federal Communications Commission (FCC), calling Carr a “warrior for Free Speech” in a statement on Sunday. Carr has “fought against the regulatory Lawfare that has stifled Americans’ Freedoms” and will “end the regulatory onslaught that has been crippling America’s Job Creators and Innovators, and ensure that the FCC delivers for rural America,” Trump
JetBlue, Spirit end merger deal JetBlue and Spirit end merger deal 03:07 Spirit Airlines said Monday that it has filed for bankruptcy protection and will attempt to reboot as it struggles to recover from the pandemic-caused swoon in travel and failed attempts to sell itself to JetBlue and Frontier Airlines. Spirit, the biggest U.S. budget airline, has lost more than $2.5 billion since the start of 2020 and faces looming
Tesla CEO Elon Musk (R) joins former U.S. President and Republican presidential candidate Donald Trump during a campaign rally at the site of his first assassination attempt in Butler, Pennsylvania, on Oct. 5, 2024. Jim Watson | Afp | Getty Images Tesla shares jumped on Monday following a report that President-elect Donald Trump’s transition team are planning to make a federal framework to regulate self-driving vehicles a top priority for
