Global investment bank JPMorgan has cautioned that the approval of spot bitcoin exchange-traded funds (ETFs) by the U.S. Securities and Exchange Commission (SEC) could “put severe downward pressure on bitcoin prices.” The bank’s analysts estimate that billions of dollars could exit the crypto market after Grayscale Investments converts its bitcoin trust (GBTC) into a spot […]
On Tuesday, the U.S. Bureau of Labor Statistics reported that the Consumer Price Index for All Urban Consumers (CPI-U) remained unchanged in October, following a 0.4% increase in September. Over the past year, the all-items index rose 3.2% before seasonal adjustment, marking a notable trend in consumer pricing. Steady CPI in October Balances Shelter Rise […]
Sales of non-fungible tokens (NFTs) have slid once more this week, dipping to 9.91% below the preceding week’s figures. Data reveals that in the span from September 24 to October 1, 2023, around $ 72,767,450 worth of NFT sales have been logged, marking the latest seven-day stretch. NFT Sales Continue to Slide While the …
The stage is set for a potentially striking upswing in global oil prices, as supply constricts and demand ascends to unprecedented levels. With oil reserves dwindling at a breakneck pace, OPEC’s spare capacity restrained, and powerhouse consumers like China and India snapping up record quantities of Russian crude at discounted rates, a confluence of these […]
XRP was one of Thursday’s notable movers, as the token dropped to a multi-week low in today’s session. The decline comes as the global market cap fell by as much as 2% over the course of the day. Dogecoin also declined, falling for a third consecutive session. XRP XRP, formerly ripple, remained in the red […]