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Dollar steady against peers as Fed rate cut looms The U.S. dollar held steady against the yen and other major rivals on Wednesday as investors waited to see whether the Federal Reserve will deliver a hawkish cut before the Bank of Japan and other central banks meet this week. The Fed is widely expected to deliver a 25-basis-point interest rate cut at the end of its two-day policy meeting on Wednesday, with markets pricing in a 97% probability, according to the CME's FedWatch tool. Focus will fall on policymakers' new economic p...
Dollar steady against peers as Fed rate cut looms
Dollar steady against peers as Fed rate cut looms
Source: Reuters
2024-12-18 09:09:32 am
Asian shares drift, dollar firms ahead of central bank meetings Asian stocks edged higher and the dollar held firm on Tuesday as traders braced for a slate of central banks meetings this week that is likely to see the U.S. Federal Reserve deliver a rate cut and the Bank of Japan stand pat for now. Bitcoin, the best-known and the biggest cryptocurrency, remained nestled near the record high of $107,821 it touched on Monday. It was last flat at $106,041. The crypto market has been on a tear since the U.S. election in early November as traders wager th...
Asian shares drift, dollar firms ahead of central bank meetings
Asian shares drift, dollar firms ahead of central bank meetings
Source: Reuters
2024-12-17 08:58:23 am
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000 The U.S. dollar hovered close to a three-week peak versus major peers on Monday amid expectations the Federal Reserve will cut interest rates this week but then signal a measured pace of easing for 2025. Bitcoin soared above $105,000 for the first time, buoyed by signs President-elect Donald Trump will go ahead with a potential strategic bitcoin reserve. The yen struggled to recover following its worst week since September after Reuters and other news outlets reported that the Bank of J...
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Dollar hovers near 3-week high before Fed; bitcoin tops $105,000
Source: Reuters
2024-12-16 09:22:28 am
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000 The euro was subdued on Thursday after the widely expected collapse of the French government, stoking worries about the region's second-biggest economic power, while bitcoin galloped past $100,000 for the first time. The world's best known cryptocurrency has been on a tear since November on expectations that Donald Trump's U.S. election win will usher in a friendly regulatory environment for cryptocurrencies. It rose to as high as $101,626 in Asian hours and was last up 3% a...
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Euro wobbles as political turmoil dents sentiment; bitcoin scales $100,000
Source: Reuters
2024-12-05 09:31:52 am
Rate cut bets boost stocks as bitcoin breaks $100,000 Bitcoin broke $100,000 on Thursday as investors bet on a friendly regulatory shift in the U.S., while Asian stocks were firm after Wall Street indexes notched record highs on growing confidence in U.S. interest rate cuts. Bitcoin hit the $100,000 mark in the Asia morning and was last at $101,300. "At the end of the day, it's just a number," said Geoff Kendrick, global head of digital assets research at Standard Chartered. "But the reality is we've been able to ...
Rate cut bets boost stocks as bitcoin breaks $100,000
Rate cut bets boost stocks as bitcoin breaks $100,000
Source: Reuters
2024-12-05 09:29:29 am
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts World’s largest cryptocurrency Bitcoin has crossed the historic milestone of $100,000 apiece, driven by favourable market dynamics, growing US regulatory clarity, and institutional adoption through Bitcoin ETFs, industry experts said on Thursday.  Bitcoin was trading at $1,03,095, after gaining 4.39 per cent. According to Vishal Sacheendran, Head of Regional Markets at Binance, the cryptocurrency market is experiencing a surge in optimism as governments and institutions worldwid...
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
`Digital gold` Bitcoin surpasses $1,00,000 for first time, may reach $120,000 soon: Experts
Source: IANS
2024-12-05 09:20:51 am
The Role of Cryptocurrency in Building Wealth: Risks and Rewards Cryptocurrency, often hailed as the financial innovation of the 21st century, has emerged as an alternative investment vehicle for those seeking to build wealth in a new and unconventional way. Digital currencies like Bitcoin, Ethereum, and newer altcoins are changing the landscape of finance, offering exciting opportunities for growth. But, as with any investment, they come with a unique set of risks and rewards that need careful consideration. What is Cryptocurrency? Cryptocurrency refe...
The Role of Cryptocurrency in Building Wealth: Risks and Rewards
The Role of Cryptocurrency in Building Wealth: Risks and Rewards
Source: IGI Editorial
2024-11-27 01:57:37 pm
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs The U.S. dollar held near a 6-1/2-month peak against major peers and bitcoin was solidly poised just below record highs on Wednesday as markets sized up so-called Trump trades ahead of key U.S. inflation data later in the day. The dollar is reaping the benefits of Republican Donald Trump's victory in the U.S. presidential election last week, with investors pricing in policies of lower taxes and trade tariffs under the incoming administration that are seen as inflationary. [US/]. The...
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Dollar holds firm ahead of US inflation, bitcoin targets fresh highs
Source: Reuters
2024-11-13 10:24:20 am
Bitcoin may touch $100,000 by January end after Donald Trump takes office World’s biggest cryptocurrency Bitcoin is heading towards $100,000 amid President-elect Donald Trump’s pro-crypto stance and promise for clearer cryptocurrency regulations.  On Tuesday, the Bitcoin price was hovering around $87,880 apiece. Bitcoin price has surged about 30 per cent since the US election. According to Nigel Green of deVere Group, “Bitcoin could hit $100,000 by the end of January 2025 after Donald Trump takes office”. The bullish prediction...
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Bitcoin may touch $100,000 by January end after Donald Trump takes office
Source: IANS
2024-11-12 12:15:28 pm
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than three-month low with Europe and China both particular targets of potential Trump tariffs. The U.S. dollar index, which measures the currency ag...
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Dollar soars with bitcoin as Donald Trump trade ramps up; euro, yuan battered
Source: Reuters
2024-11-12 08:36:48 am
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally Hong Kong stocks led declines in Asia on Monday after Beijing's latest stimulus fell short of investor expectations, overshadowing Wall Street's record highs from Friday and futures pointing to further strength at the reopen. Bitcoin climbed to an all-time high as Donald Trump's victory in the U.S. presidential election along with pro-crypto candidates being voted to Congress spurred expectations of a light-handed regulatory environment. The dollar traded not far from last w...
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Asian stocks slide as China stimulus disappoints; bitcoin extends record rally
Source: Reuters
2024-11-11 09:15:41 am
Dollar backs off post-election highs ahead of rate decisions The dollar held near four-month highs on Thursday, having scored its biggest one-day rally in two years following Donald Trump's win in the U.S. presidential election, and as investors prepped for several central bank decisions including the Federal Reserve. Sterling rallied ahead of a Bank of England meeting, while the Swedish and Norwegian crowns edged up after in-line decisions from their respective central banks. Front and centre, however, was the dollar, which rose by as m...
Dollar backs off post-election highs ahead of rate decisions
Dollar backs off post-election highs ahead of rate decisions
Source: Reuters
2024-11-07 09:06:32 am
Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory As Donald Trump edged closer to victory in the US presidential election, Bitcoin surged to a record high of $75,060, fuelling investors’ excitement in the cryptocurrency sector.   The world's most valuable digital asset saw 7 per cent growth on Tuesday alone (US time). Trump made Bitcoin a focal point during his campaign, saying he would make the US the "crypto capital of the world" Bitcoin hit a new record above $75,000, almost surpassing $1.5 trillion in va...
Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory
Bitcoin expected to hit $80,000 as crypto fan Trump edges closer to victory
Source: IANS
2024-11-06 02:09:36 pm
Asia shares stumble on China headwinds; gold and bitcoin buoyant Asia shares eased on Wednesday on the back of weakness in China, as investors brace for a tightly contested U.S. election that could have huge ramifications for the world's second-largest economy, even as Beijing tries to shore up growth. Gold rose to an all-time high as jitters over the close U.S. presidential race supported the yellow metal, while bitcoin also flirted with a record peak as markets weigh the prospect of a victory by Republican candidate Donald Trump. MSCI's bro...
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Asia shares stumble on China headwinds; gold and bitcoin buoyant
Source: Reuters
2024-10-30 08:47:38 am
Bitcoin at 3-month high as Trump odds drive currencies Cryptocurrency bitcoin hit a three-month high in early Asia trading on Monday and the dollar looked set to extend its gains in markets counting down to the U.S. presidential election in two weeks. Election polls show rising odds of former President Donald Trump winning the Nov. 5 election and are boosting the dollar, since his proposed tariff and tax policies are seen as likely to keep U.S. interest rates high and undermine currencies of trading partners. Currency moves in major markets...
Bitcoin at 3-month high as Trump odds drive currencies
Bitcoin at 3-month high as Trump odds drive currencies
Source: Reuters
2024-10-21 08:44:37 am
Asia shares wobble; bitcoin rallies on 'Trump trade' Asia shares dipped in and out of positive territory on Monday, under pressure from weakness in Chinese stocks, but bitcoin scaled a three-month peak as "Trump trades" continued to ramp up. Gold hit another record high on conflict in the Middle East and an extremely close U.S. presidential election, with the yellow metal expected to stay in favour among much global uncertainty. Optimism over Beijing's slew of stimulus measures first announced late in September has turned in...
Asia shares wobble; bitcoin rallies on 'Trump trade'
Asia shares wobble; bitcoin rallies on 'Trump trade'
Source: Reuters
2024-10-21 08:35:36 am
`Trump trade `lifts dollar, Asia stocks await China news Asian shares steadied on Thursday ahead of a housing policy briefing in China that has raised expectations of support for the ailing property sector, while the dollar stood near 2-1/2 month highs on the prospect of a Donald Trump presidency. Global bonds rallied after a surprisingly large drop in British inflation and as the European Central Bank is expected to announce its first back-to-back rate cut in 13 years. Results at chipmaking giant TSMC will be in focus after a soft outlook fr...
`Trump trade `lifts dollar, Asia stocks await China news
`Trump trade `lifts dollar, Asia stocks await China news
Source: Reuters
2024-10-17 09:02:33 am
About 85 pc of world`s cryptocurrencies are not even worth a cent About 85 per cent of the world’s cryptocurrencies are even worth less than one cent, according to a report on Monday.  The total number of cryptocurrencies has been floating between 8,500 and 10,000, with new tokens being launched every time a bull run in the crypto space begins. Currently, the total number of cryptocurrencies remains at a high of 9,861. However, most of them have little or practically no value. As per data analysis by AltIndex.com, 85 per cent of all cryp...
About 85 pc of world`s cryptocurrencies are not even worth a cent
About 85 pc of world`s cryptocurrencies are not even worth a cent
Source: IANS
2024-10-07 06:11:44 pm
Dollar flirts with key 160 yen level as intervention risk looms The battered yen languished near the 160 per dollar level on Tuesday and kept traders on high alert for any intervention from Japanese authorities to prop up the currency, while the greenback edged a touch higher in the broader market. Bitcoin was nursing losses after clocking its worst day in over two months at the start of the week, in part due to flows out of bitcoin exchange-traded funds (ETFs), analysts said. The dollar was last 0.04% higher at 159.64 yen, just a whisker away from ...
Dollar flirts with key 160 yen level as intervention risk looms
Dollar flirts with key 160 yen level as intervention risk looms
Source: Reuters
2024-06-25 09:07:43 am
Dollar firm as euro wallows; yuan brushes aside China data The dollar was firm on Monday as the euro hovered near a more than one-month low amid continued concerns about the political outlook in Europe. The yuan held close to a multi-month low after China released a slew of economic data that pointed to an uneven recovery in the world's second-largest economy. The euro was nearly flat at $1.0701, picking up somewhat after falling to its lowest since May 1 at $1.06678 on Friday. The currency also logged its biggest weekly decline since April...
Dollar firm as euro wallows; yuan brushes aside China data
Dollar firm as euro wallows; yuan brushes aside China data
Source: Reuters
2024-06-17 09:12:02 am
Firm dollar drags yen down closer to intervention range A firm U.S. dollar had the yen locked near a fresh 34-year low on Tuesday, keeping investors on heightened intervention watch as they looked ahead to key U.S. inflation report and the Bank of Japan's rate decision this week. The yen remained pinned after hitting 154.85 yen on Monday, its lowest level since the mid-1990s, as the stark U.S.-Japan rate differentials came into focus again amid an easing in Iran-Israel tensions. It last hovered around 154.76 per dollar. Traders have been...
Firm dollar drags yen down closer to intervention range
Firm dollar drags yen down closer to intervention range
Source: Reuters
2024-04-23 08:49:49 am
Dollar firm before Jerome Powell speech, bitcoin stabilises after breaking record The U.S. dollar was largely steady on Wednesday, as traders avoided making big bets ahead of congressional testimony from Federal Reserve Chair Jerome Powell, as well as the European Central Bank rate decision and U.S. jobs data later this week. In cryptocurrencies, bitcoin was slightly up but stayed below a record high reached in a volatile overnight session. The absence of catalysts kept the dollar in a tight range, having slipped overnight on data that showed the U.S. services indust...
Dollar firm before Jerome Powell speech, bitcoin stabilises after breaking record
Dollar firm before Jerome Powell speech, bitcoin stabilises after breaking record
Source: Reuters
2024-03-06 08:52:15 am
Dollar eases as Fed clues awaited; bitcoin hits 2-year high The U.S. dollar drifted weaker on Monday, pressured by lower Treasury yields, as traders waited for more crucial economic data for fresh clues on the timing of Federal Reserve interest rate cuts. Bitcoin rose to a more than two-year peak amid big flows into cryptocurrency exchange-traded funds. The euro was firm following Friday's 0.33% advance, with a European Central Bank policy decision looming on Thursday. The yen stuck near the closely watched 150 per dollar level, as invest...
Dollar eases as Fed clues awaited; bitcoin hits 2-year high
Dollar eases as Fed clues awaited; bitcoin hits 2-year high
Source: Reuters
2024-03-04 09:07:53 am
Bitcoin crosses $57,000 for first time since 2021  Bitcoin led a major rally for cryptocurrency prices and related stocks on Tuesday as it bolted above $57,000 for the first time since November 2021, reports said. Bitcoin on Tuesday morning traded above $57,000 after briefly touching $57,430 -- running further up against its late 2021 levels. The world's largest cryptocurrency jumped nearly 11 per cent over the last 24 hours, according to CoinDesk data, the Investor’s Business Daily reported. In addition, mid-February bi...
Bitcoin crosses $57,000 for first time since 2021
Bitcoin crosses $57,000 for first time since 2021
Source: IANS
2024-02-28 09:52:30 am
Dollar droops before key data, bitcoin soars above $57,000 The dollar traded on the back foot on Tuesday, as markets looked ahead to a week of U.S. economic data that will provide fresh signals on how soon the Federal Reserve may begin cutting interest rates. Leading cryptocurrency bitcoin soared to a more than two-year high above $57,000 after enterprise software firm MicroStrategy Inc announced it had bought about 3,000 more of the tokens for $155 million. The U.S. dollar index, which measures the currency against a basket of peers including ...
Dollar droops before key data, bitcoin soars above $57,000
Dollar droops before key data, bitcoin soars above $57,000
Source: Reuters
2024-02-27 08:58:49 am
Bitcoin market cap scales $1 trillion The value of the world’s most popular cryptocurrency, Bitcoin, has more than tripled to $52,000 since November 2022. The year 2022 was marked by the high-profile implosion of crypto exchange FTX, which triggered liquidity crises at several smaller crypto firms, CNN reported. Following bitcoin’s gains in 2023, investors have returned in droves in recent weeks, pushing the asset’s market capitalisation above $1 trillion for the first time since its 2021 heyday, based on ...
Bitcoin market cap scales $1 trillion
Bitcoin market cap scales $1 trillion
Source: IANS
2024-02-21 09:13:42 am
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ The dollar hovered near a six-week high against major peers on Wednesday as investors cemented expectations that the Federal Reserve would be in no rush to cut interest rates in the face of a resilient U.S. economy. The Japanese yen, though, ticked higher as expectations rose for a stimulus exit as soon as March, following hawkish comments from the Bank of Japan on Tuesday. The U.S. dollar index - which tracks the currency against six rivals, including the euro and yen - was flat at 103...
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
Dollar hovers near 6-week high on Fed view; yen edges up after BOJ
Source: Reuters
2024-01-24 09:09:57 am
Cryptoverse: Will bitcoin behave better on Wall Street? Bitcoin celebrated its 15th birthday this month by bursting onto Wall Street with an ebullient bang. Now the adolescent asset may have to grow up fast. Investors have embraced 11 U.S. exchange traded funds (ETFs), tracking bitcoin's spot price, that began trading on Jan. 11 after receiving regulatory approval; after two trading days, they held a total of 644,860 bitcoin worth more than $27 billion, according to data from analytics company Glassnode. Much of that - more than 500,000 ...
Cryptoverse: Will bitcoin behave better on Wall Street?
Cryptoverse: Will bitcoin behave better on Wall Street?
Source: Reuters
2024-01-23 12:06:44 pm
Dollar headed for second weekly gain on tempered rates outlook  The dollar headed for a second weekly gain in a row on Friday on signs of resilience in the U.S. economy and caution about rate cuts from central bankers. Weekly gains on the risk-sensitive Australian and New Zealand dollars of 1.7% and 2.1% are set to be the largest since November and June respectively. Markets price a 57% chance of a U.S. rate cut in March, down from 75% a week ago. The dollar index is up 0.9% to 103.4 on the week and at 148.12 yen the dollar is up almost 5% on ...
Dollar headed for second weekly gain on tempered rates outlook
Dollar headed for second weekly gain on tempered rates outlook
Source: Reuters
2024-01-19 09:07:47 am
Bitcoin price nosedives around $42K after spot ETF trading begins The price of Bitcoin nosedived to around $42,000, plunging almost 10 per cent, after the spot Bitcoin exchange-traded funds (ETFs) started trading in the US. Bitcoin reached a high of $46,000 last week and surged to a two-year high of $49,000 last week, when bitcoin ETFs began trading in the US. Shares of crypto exchange Coinbase tumbled 7.4 per cent after the bitcoin ETF news, reports Coindesk. Bitcoin has posted a massive 80 per cent rally since early October. "The recent d...
Bitcoin price nosedives around $42K after spot ETF trading begins
Bitcoin price nosedives around $42K after spot ETF trading begins
Source: IANS
2024-01-14 11:30:50 am
US SEC approves bitcoin ETFs- Here is what industry experts shares “The much-anticipated Bitcoin ETF is finally here. The approval from SEC will allow trading of the world’s largest crypto currency from today itself and thus opens opportunities for all the crypto enthusiasts across the globe. For Indian investors, the Bitcoin ETF will provide an opportunity to include crypto in their portfolio via the LRS route. Like any other asset class, Bitcoin ETFs also come with their own sets of advantages and disadvantages. An Indian investor taking exposu...
US SEC approves bitcoin ETFs- Here is what industry experts shares
US SEC approves bitcoin ETFs- Here is what industry experts shares
Source: PR Agency
2024-01-11 02:03:57 pm
US approves 1st-ever Bitcoin exchange-traded product shares The US Securities and Exchange Commission (SEC) has finally approved a number of spot Bitcoin exchange-traded product (ETP) shares and with the decision, the world's largest cryptocurrency has joined the global financial system. The decision will make around a dozen spot Bitcoin ETFs available to investors, such as those from Grayscale, Fidelity and BlackRock. "While we approved the listing and trading of certain spot bitcoin ETP shares, we did not approve or endorse bitcoin. I...
US approves 1st-ever Bitcoin exchange-traded product shares
US approves 1st-ever Bitcoin exchange-traded product shares
Source: IANS
2024-01-11 11:40:09 am
Dollar steady as traders brace for US inflation data, bitcoin volatile The dollar was steady on Wednesday in cautious trading ahead of U.S. inflation data due later this week that is likely to influence the Federal Reserve's policy, while bitcoin was volatile after a fake social media post rattled markets. The U.S. securities regulator said someone briefly accessed its X social media account and posted a fake message saying it had approved exchange traded funds (ETFs) for bitcoin. The Securities and Exchange Commission (SEC) said it had not yet approved s...
Dollar steady as traders brace for US inflation data, bitcoin volatile
Dollar steady as traders brace for US inflation data, bitcoin volatile
Source: Reuters
2024-01-10 09:01:43 am
Bitcoin miners see transaction revenue grow a massive 400% in 2023  The revenue collected by Bitcoin miners as transaction fees averaged about $2 million per day in 2023, registering a whopping 400 per cent increase year-on-year. The Bitcoin miners earned more than $10 billion in 2023, according to Jameson Lopp, co-founder of Bitcoin self-custody platform Casa. “Bitcoin miners earned over $10 billion in 2023, a significant addition to the $57 billion total over the past 15 years. This number assumes they instantly sell for fiat, which is mos...
Bitcoin miners see transaction revenue grow a massive 400% in 2023
Bitcoin miners see transaction revenue grow a massive 400% in 2023
Source: IANS
2023-12-25 11:39:51 am
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022 Bitcoin is rocketing higher, topping $35,000 for the first time since May 2022. It?s up 20 per cent over the past five days, a media report said.The famously volatile cryptocurrency has more than doubled in value this year as investors grow excited about the prospect of being able to buy bitcoin funds that trade on good old-fashioned stock exchanges rather than having to deal with less-regulated and sometimes sketchy crypto platforms, CNN reported.BlackRock applied in June to register a bitco...
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022
Bitcoin rocketing higher, topping $35,000 for the first time since May 2022
Source: IANS
2023-10-25 09:24:40 am