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Bitcoin experienced a significant rollercoaster ride, reaching a three-year high of nearly $49,000 on January 11th following the U.S. SEC’s approval of the first spot Bitcoin exchange-traded funds (ETFs). However, the cryptocurrency has since retreated by over 20%, trading at approximately $39,500. Analysts attribute this correction to a combination of profit-taking post-ETF approval and broader…
In January, UK businesses witnessed a notable upswing in growth, reaching a seven-month high, according to the S&P Global/CIPS flash UK Purchasing Managers’ Index (PMI). The influential index reported a reading of 52.5, up from 52.1 in December. This positive trend is primarily attributed to the robust performance of the service sector, which encompasses a…
Navigating the Volatile Waters: A Closer Look at Chainlink’s Price Trends The cryptocurrency market has witnessed a subtle shift in dynamics, with bears reasserting their influence by pushing Bitcoin below the $40,000 mark. This move has triggered concerns about the overall health of the market, prompting investors to scrutinize individual altcoins. One such cryptocurrency facing…
In a surprising turn of events, FTX’s bankruptcy estate recently executed a substantial sell-off, unloading approximately $1 billion worth of Grayscale’s Bitcoin ETF. This significant move has sent shockwaves throughout the cryptocurrency market, further contributing to the ongoing volatility triggered by the recent approval of multiple Bitcoin ETFs. FTX’s Significant Role in the Market Shift…
Netflix has pulled off a seismic move in the world of wrestling by securing exclusive rights to WWE Raw, WWE’s flagship show, surprising fans who expected it to land on a TV channel owned by Warner or Comcast. A Transformative Deal Mark Shapiro, President of WWE’s parent company TKO, hails the deal as transformative, marrying…
The UK government’s borrowing in December came in at £7.8 billion, a significant drop from the previous year and well below the £14 billion estimated by the Office for Budget Responsibility (OBR). A primary driver behind this unexpected decrease was the reduction in inflation-related debt interest costs. Fiscal Year Snapshot and Potential Tax Cuts Borrowing…
In the tumultuous landscape of global markets, the gulf between China’s stock market and its US counterpart has reached an astonishing $38 trillion, marking an unprecedented disparity. As losses continue to mount in an unrelenting equity rout, the once-booming Chinese market faces headwinds that show no signs of abating. Also read: Ripple’s Legal Battle Casts…
The Chinese stock market has been experiencing a tumultuous start to the year, grappling with factors such as patchy economic growth and a renewed slump in home sales. In response to the market’s downturn, Chinese authorities are reportedly contemplating measures to stabilize the situation. Bloomberg News, citing sources familiar with the matter, revealed that policymakers…
Are you looking to achieve financial freedom? Do you want to make informed investment decisions? Stay ahead of the game with the latest updates, trends, hot news, and valuable information that will empower you to make wise investment choices. Why Stay Updated? Financial markets are constantly evolving, and staying updated is crucial to making smart…
In today’s fast-paced and ever-changing world, staying informed about the latest updates, trends, and news is crucial, especially when it comes to your financial well-being. Empowering yourself with the right information can make a significant difference in your journey towards financial freedom. Investing is a powerful tool that can help you build wealth and secure…