The cryptocurrency market saw a downward trend in June, with Bitcoin falling to the $62,300 band to start the new week. One of the reasons for this recent selling pressure is attributed to Bitcoin sales by crypto mining companies whose revenues have plummeted. After the reward halving that took place on the Bitcoin network in
admin
The surge in electricity demand from corporate America, specifically Big Tech companies, combined with the retirement of coal plants in the United States, presents a significant opportunity for renewable energy sources. According to UBS, the U.S. will require an additional 850 terawatt hours of annual generation capacity by 2030. Solar and wind power are projected
The U.S. dollar has experienced a slight decrease, trading 0.2% lower against a basket of six other currencies, after reaching a near eight-week high last week. The Dollar Index, at 105.235, had climbed to 105.91 following stronger-than-expected PMI readings that reflected the strength of the U.S. economy. This led to expectations that the Federal Reserve
Bitcoin price fell on Monday, extending a deep decline from the past week as concerns over U.S. interest rates and anticipation of key inflation data kept traders largely biased towards the dollar. The world’s largest cryptocurrency was nursing steep losses over the past week as traders grew skeptical over the timing of interest rate cuts
The Asian currency market was in a fragile state on Monday due to the dollar holding steady near two-month highs. This stability in the dollar raised concerns about potential intervention measures by Tokyo involving the Japanese yen. The fears were further exacerbated by the looming possibility of a trade war between China and the European
The Japanese yen is currently facing significant challenges, with the USDJPY pair nearing key intervention levels despite government warnings. This situation highlights the delicate balance that exists in the currency markets and the potential impact of government actions on exchange rates. The USDJPY pair rose slightly on Monday, reaching 159.93 yen, close to its highest
In a recent post, Ripple CTO David Schwartz discussed his approach to holding and selling Bitcoin. He shared personal insights into his own strategy, revealing that he would sell Bitcoin when he needed funds for specific expenses like taxes or purchasing items. This approach sheds light on how early Bitcoin investors behaved during the cryptocurrency’s
Recently, there has been a significant decrease in the prices of the prestigious Chinese alcohol brand, Flying Fairy, which has raised concerns about the overall state of the Chinese economy. Wholesale prices of Flying Fairy, produced by Kweichow Moutai, have plummeted by more than 5% in just one week, marking a total decrease of over
The U.S. housing market can be a complicated and challenging place for potential buyers, but there are areas that are considered to be the least difficult places to purchase a home. According to a new real estate indicator, certain counties have been identified as the least difficult markets to buy a home. When sorted by
The U.S. stock market has been heavily influenced by the ongoing debate about when the Federal Reserve will lower interest rates. Amidst this uncertainty, top analysts have been recommending stocks with solid fundamentals and promising long-term growth prospects. One such stock that has caught the eye of analysts is Delta Air Lines (DAL), America’s second-largest