China's foreign exchange reserves dropped by over $55 billion in October, a 1.67% decrease from September. The total reserves now stand at about $3.26 trillion. This decline is linked to a stronger U.S. dollar and lower global asset prices. Factors affecting the reserves include exchange
Bitcoin hit a new record high recently, reaching $76,956. It’s now trading at $75,864, up 1.5% in the past 24 hours. Bitcoin funds in the U.S. received large investments, helping boost its price. Ethereum, the second-largest cryptocurrency, also rose, gaining 3% to reach $2,905.
Bitcoin's Potential: JP Morgan expects Bitcoin’s price to keep rising over the next 8 weeks. Trump's Victory Impact: They believe Donald Trump’s win could boost interest in Bitcoin. Supportive Policies: Trump's policies might help Bitcoin continue rising until 2025. Safe-Haven Assets: Both
Nvidia's stock reached a record high on Thursday. It became the first company ever to hit a market value of $3.6 trillion. Wall Street was rising as Donald Trump returned to the White House. Nvidia's shares went up by 2.2%. The increase was due
On November 7, US ETFs saw record-high daily inflows of $1.38 billion. BlackRock’s IBIT fund led with $1.12 billion, or 81% of total daily inflows. Fidelity’s FBTC fund came in second with $190.92 million, after leading the previous day. Other notable inflows included: Grayscale Bitcoin
EUR/USD PRICE FORECAST: NEXT ON TAP COMES THE 200-DAY SMA The pair reclaimed 1.0800 and above, recovering from a low near 1.0680. US Dollar Correction: The US Dollar corrected lower after sharp post-Trump gains, dropping below the 105.00 mark (Dollar Index). The Federal Reserve reduced interest
GOLD PRICE HOVERS AROUND $2,690 AS FED RATE CUT REINFORCES SAFE-HAVEN APPEAL Gold Price: XAU/USD trades at $2,692, after bouncing off a daily low of $2,643. Gold gained over 1% following the 25 bps rate cut by the Federal Reserve, in line with expectations. The Fed&
Ethereum Price Forecast: ETH Eyes $3,366 as Open Interest Growth Fuels Bullish Outlook Ethereum is trading at $2,860. Ethereum's exchange open interest has increased by 20%, signaling strong market interest. Ethereum sees a six-week high in ETF inflows, contributing to bullish sentiment. ETH could rally to
Election Rally Going, Nasdaq Hits New Record as Fed Cuts Rates Stocks rose on Thursday, continuing the post-election rally. S&P 500 gained 0.8%. Nasdaq Composite advanced 1.5%, reaching a new record high. Dow Jones increased by 74 points (about 0.2%). All three major indices hit
Trump Claims 'Powerful Mandate' After Fox News Projects Victory in 2024 Presidential Race Donald Trump claims he has won the 2024 U.S. Presidential Election. Fox News projects Trump defeated Democrat Kamala Harris. Trump calls his win an "unprecedented and powerful mandate." Trump addresses supporters at
Gold prices remained stable on Wednesday as investors waited for the U.S. election results. As of Tuesday, Republican Donald Trump won 14 states, while Democrat Kamala Harris won four states and Washington, D.C., according to Edison Research. Key battleground states could take hours or days to determine. Financial
Top 3 Price Predictions: Bitcoin, Ethereum, Ripple Bitcoin (BTC): Surpasses its all-time high of $73,777, trading around $73,900. Eyes a new all-time high of $78,777 as Trump leads in the US presidential race. Rejected at the ATH on Oct 29, then found support at $67,000, and