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The financial sector has been experiencing a significant boom in recent times. With the S&P 500 financial sector surging more than 16% this year and nearly 4% in the past month, it is evident that investors are optimistic about the future of financial stocks. This growth has also been reflected in the sector’s performance during
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Recent on-chain data from Glassnode has shed light on the sentiment of Bitcoin investors, showing their doubts regarding the cryptocurrency’s short-term prospects. The declining exchange-related on-chain volumes indicate a cautious approach among market participants. This lack of conviction in the short term is evident as exchange-related on-chain volumes have started to dwindle. Centralized exchanges remain
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In the fast-paced world of digital technology, accurate financial reporting is crucial for maintaining transparency and building trust among stakeholders. However, even the most reputable companies can fall victim to errors in their financial statements, as demonstrated by the recent correction made by HIVE Digital Technologies Ltd. HIVE recently announced a correction to the HODL
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Bitcoin’s price witnessed a rise on Thursday, following a broader rally in risk-driven markets, particularly in stocks. However, the cryptocurrency still remained fragile after experiencing steep losses in the previous week. The strength in the dollar, driven by a stronger consumer price index inflation reading, limited the overall gains in cryptocurrencies. Additionally, the prospect of
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The recent strong reading on U.S. consumer inflation has had a significant impact on Asian currencies. Most Asian currencies moved in a flat-to-low range on Thursday, while the dollar firmed as hopes for a wide margin cut in interest rates by the Federal Reserve were dashed. The dollar index and dollar index futures both rose
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