Tag: Financial markets
Bitcoin’s Correlation with Gold Strengthening During Economic Downturns
During times of economic uncertainty, investors often look for safe-haven assets to protect their wealth. In recent years, both Bitcoin and gold have emerged as popular options for investors seeking to hedge against market...
Polymarket Hits $1B in Bet Trading Volume During US Election Betting Surge
Polymarket, a popular crypto betting platform, has reached a major milestone by surpassing $1 billion in trading volume. This achievement has been fueled by the high interest in the upcoming US presidential election, with...
Ether ETFs Experience $340 Million Outflows in Debut Week
Ether exchange-traded funds (ETFs) had a rough start in their debut week, experiencing $340 million in outflows as investors pulled their money out of the Grayscale Ethereum Trust (ETHE) in favor of competing products....
Investing in Crypto-AI: A Lucrative Opportunity for Investors
The fusion of crypto and AI is expected to contribute $20 trillion to the global economy by 2030, attracting substantial venture capital interest. The integration of AI and blockchain technologies has been gaining momentum,...
Bitcoin’s Potential: 7% of Global Wealth, Price Surge to $13M in 21 Years
Michael Saylor, the executive chairman of MicroStrategy, continues to show his strong belief in Bitcoin (BTC) during the Bitcoin 2024 conference in Nashville. Saylor predicts that Bitcoin's price could surge to an astonishing $13...
Jersey City Mayor Invests Pension Fund in Bitcoin ETFs – CoinJournal Report
Jersey City Mayor Steven Fulop has announced his plans to invest a portion of the city's pension fund into Bitcoin ETFs. This move, according to Fulop, is a strategic investment in the potential of...
US GDP Growth Exceeds Expectations at 2.8% Despite Bitcoin Price Drop
The recent economic data in the US has surprised experts with a growth rate of 2.8% for the second quarter, exceeding expectations. This positive news has potentially boosted investor sentiment towards assets like Bitcoin,...
Kamala Harris’ Impact on Crypto in the 2020 Election: Analysis and Implications
Vice President Kamala Harris is now the presumptive Democratic Party nominee for President of the United States, after President Joe Biden abruptly announced he was withdrawing from the race. With her assent to the...
Bitcoin and Ethereum ETFs: $1 Billion Inflows Signal Growing Interest
Bitcoin and Ethereum ETFs have been gaining significant attention in the investment world, with nearly $1 billion in inflows recorded since Friday. This surge in interest is a positive sign for the digital asset...
Liquidity Drives Global Market Movement in the US
The global market movement in the US is currently being driven by liquidity, according to recent reports. Liquidity refers to the ease with which assets can be bought or sold without causing a significant...
