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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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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The crypto landscape is a dynamic interplay of volatility, where even established giants encounter hurdles while new entrants rise to prominence. Currently, Litecoin (LTC) and Monero (XMR) are grappling with downturns, while an emerging project,
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Shares in payment technology firm Block Inc. tumbled after hours despite its second-quarter results beating earnings expectations, including a 34% year-on-year increase in Bitcoin (BTC) revenue.In a Q2 earnings call, Block reported a whopping $2.4 billion in Bitcoin sales on its Cash App platform, with gross profit from Bitcoin sales
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Tether (USDT) continues to benefit from the ongoing turmoil in the U.S. dollar-backed stablecoin industry with its market capitalization growing significantly in Q1 2023 at other stablecoins' expense.Tether market cap reaches $80 billionOn April 6, the circulating market cap of USDT surpassed $80 billion for the first time since May
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Bitcoin (BTC) rebounded to key resistance into Feb. 8 as crypto markets got a boost from a familiar source.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewPowell: "Disinflationary process" is hereData from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching the important $23,400 zone on Bitstamp overnight.The pair reacted positively to the
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Dow Jones futures rose by as much as 64 points Thursday night before paring gains. The Dow closed higher in New York, capping off its longest winning streak in five weeks. The Labor Department will release the May nonfarm payrolls report Friday at 8:30 a.m. ET. Eight million job losses are expected. Futures
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