Wednesday, April 24, 2024
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Bitcoin price stumbles amid investors’ aversion to risk assets, but there is a silver lining

The U.S. stock market is approaching a crucial turning point as uncertainty over inflation rises after hotter-than-expected economic data released in February. Despite mounting investor worries, the economy is showing signs of resilience that could protect it against a significant downside move. The escalating risk-off sentiment in the market is also

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Ethereum Proof-of-Work Fork Stumbles as Justin Sun’s Poloniex Supports Rival Fork

Amid the initial buzz, some exchanges rushed to list a derivative of the potential blockchain’s would-be token, including crypto exchange Poloniex. Sun, an investor in Poloniex, became one of the loudest proponents of the proof-of-work fork of Ethereum, saying that it is a tried-and-tested system for the second largest blockchain. Source

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Dow Stumbles as Wall Street Debates the Case for Negative Rates

The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S.

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