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The stock market in Asia and Europe had a contrasting day where a majority of the stock markets across the Asia-Pacific region climbed across the board, while European markets had a mixed day. While South Korea’s bullish rally drove Asian markets, European shares faced downward pressure from underperforming luxury stocks.South Korea
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Starting out with a wallet, a cold-storage custody vault and a reserve of 30,000 bitcoin (BTC) back in 2013, Xapo later set up in Gibraltar under its virtual asset service provider (VASP) framework. Since beginning the process in 2019, Xapo has been granted a banking license, obtained principal membership with
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Bitcoin (BTC), the world’s leading cryptocurrency, continues to face challenges in reclaiming the $28,000 level amid rising US treasury yields, a stronger
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Hedge fund leader Paul Tudor Jones recently shared his perspective on current geopolitical risks, U.S. government debt, and his preference for investments like Bitcoin and gold over stocks on CNBC’s Squawk Box. In a recent appearance on CNBC’s Squawk Box, hedge fund magnate Paul Tudor Jones candidly expressed his concerns about
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October 10, 2023Stocks in the US rose for the third straight day as the market continues to assess the effect of the Israeli-Hamas conflict. Bond yields fell as investors desired the safety of US Treasuries, and these falling yields helped to bolster the stock market. Today was the first day
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“Despite the recent global turmoil, bitcoin has demonstrated exceptional strength, securing its position as the top-performing asset over the past 30 days relative to the US Dollar,” Joel Kruger, market strategist at LMAX Group, noted in an email. He attributed BTC’s rising dominance to the second-largest crypto asset ETH’s stronger
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Oct. 10 saw major Asian and European stocks surge higher owing to a wave of risk appetite.Another major factor that played a key role in the bullish resurgence of European and Asian stocks was the United States Federal Reserve’s optimistic outlook on bond yields.U.S. Treasury yields fell sharply on Tuesday,
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October 9, 2023US markets demonstrated resilience on Monday, initially succumbing to concerns over the escalating Israeli-Gaza conflict, but rebounding later to close in the green. The Dow closed up 0.5%, at 33,604.65. The S&P 500 rose by 0.6%, reaching 4,335.66. The tech-heavy Nasdaq went to 13,484.24, a gain of 0.4%.
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Matrixport still maintains a positive outlook for BTC even as the US SEC has delayed a decision on the seven applications for spot Bitcoin ETF on its desk. According to a recent Matrixport report, the underperformance of listed crypto companies suggests that there could be a huge investment prospect in
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Concerns about higher interest rates can lead to reduced borrowing, higher financing costs, and a potential slowdown in economic activity. On Tuesday, September 27, the US stocks experienced a significant dip as bond yields inched up and consumer confidence declined for the second consecutive month in September. The Nasdaq Composite (INDEXNASDAQ:
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