Tag: Markets

Grayscale GBTC discount falls to 16% as markets bet on Bitcoin ETF approval

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Grayscale’s Bitcoin investment vehicle, Grayscale Bitcoin Trust (GBTC) is trading at its lowest discount in nearly two years, as spot Bitcoin ETFs continue to inch toward potential approval in the United States. The latest data from YCharts shows GBTC’s discount to Bitcoin net asset value (NAV) has narrowed to 15.87% as of Oct. 13. Discount to net asset value (NAV) is a percentage that measures the amount that a mutual fund or ETF is trading below its net asset value. The metric is used to track how far away a…

Stock markets across Asia and Europe bleed red as interest rate woes return

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Asian and European stock markets faced sharp declines on Friday, with China spearheading the downturn as its September Consumer Price Index (CPI) showed no growth. Markets pundits say weak economic indicators from China could cause concern for the global economy. European stocks also traded lower on Friday due to problems stemming from United States inflation data suggesting a potential hike in interest rates. The elevated inflation figures may prompt the Federal Reserve to maintain its primary interest rate at a higher level for an extended period to curb inflation in…

Inflation and war impact markets, but Paul Tudor Jones says, ‘I love Bitcoin and gold’

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Investing legend Paul Tudor Jones has revealed that he’s bearish on stocks and bullish on gold and Bitcoin (BTC). The two main reasons he cites are the potential for an escalation of the conflict between Israel and Hamas, and subpar fiscal conditions in the United States. While an inverted yield curve wasn’t included in Tudor’s comments, it’s yet another important factor for investors to consider. Geopolitical conflicts exacerbate macro uncertainty In a recent interview with CNBC, Jones mentioned the factors he’s keeping an eye on with regard to the Israel-Palestine…

Asian markets surge as European stocks show mixed performance

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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 leads Asian stock rally South Korea took the lead on Wednesday among Asia Pacific stocks aided by a surge in its tech stocks. South Korea’s Kospi closed the day with a 1.98% gain at 2,450.08 points hitting a two-week…

Tradecurve Markets aims to reshape crypto exchanges, Arbitrum and Bitcoin Cash uptrend slowing

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In the last bull run, Arbitrum and Bitcoin Cash were bullish. However, after failing to maintain the momentum, they are struggling and posted deep losses. Conversely, Tradecurve Markets aims to disrupt the crypto exchange scene. Arbitrum bullish trend ends In the last rally, ARB prices posted sharp gains, rallying from $0.75 in early September to $0.99, the highest since August. However, it found resistance at $1.00, retracing.  ARB may contract, falling to immediate support at $0.910 in a retracement. Despite this drop, there are indications that ARB may resume its uptrend.  Chainlink…

Bitcoin’s inflation-hedge theory tested as rising interest rates bring turbulence to markets

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The U.S. economy has been facing turbulent times lately, with the U.S. personal consumption expenditure (PCE) inflation index rising by a significant 3.5% over the past 12 months. Even when excluding the volatile food and energy sectors, it’s evident that the efforts made by the U.S. Federal Reserve to curb inflation have fallen short of their 2% target rate. U.S. Treasuries have lost a staggering $1.5 trillion in value, primarily due to these rate hikes. This has led investors to question whether Bitcoin (BTC) and risk-on assets, including the stock…

What it means for crypto markets

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The FTX bankruptcy lawsuit reached a key juncture in the second week of September after the United States Bankruptcy Court for the District of Delaware approved the sale of $3.4 billion worth of crypto assets. The court also approved $1.3 billion in brokerage and government-recovered assets as part of the liquidation process, with $2.6 billion in cash bringing the total tally to $7.1 billion in liquid assets. Among the different cryptocurrencies set for liquidation, Solana (SOL) tops the pile with a value of $1.16 billion, and Bitcoin (BTC) is the second-largest…