ETF expert Nate Geraci shares statistics on the number of crypto millionaires in recent tweet on X. Crypto millionaires doubled in 2024, hitting 172,300 per data from Barron’s. Bitcoin millionaires have more than doubled this year per Crypto Wealth Report 2024. Crypto Wealth Report 2024 shared insights into the number of crypto and Bitcoin millionaires
Month: August 2024
Solana Breakpoint, a conference that brings the SOL community together to discuss the latest developments in Web3 is lined up for September. The 2024 event will take place in Singapore, between September 20 and 21. Solana trades at $136.05 early on Saturday, erasing nearly 11% of its value in the last seven days. Solana holders
Ripple executive Stuart Alderoty criticized the Securities & Exchange Commission for Wells Notice sent to NFT platform OpenSea. Alderoty shared a 1976 letter where the regulator ruled that art galleries don’t need to register with the SEC. NFT coins are in a state of decline on Saturday, at a market capitalization of $25.13 billion. Ripple
Amazon’s virtual assistant program due for release in October will be powered by Anthropic’s Clause AI model. Coinbase CEO witnessed the first AI to AI crypto transaction, the exchange offers free USDC transactions on Base for AI agents. AI tokens NEAR Protocol, ICP, Artificial Superintelligence Alliance, Bittensor, Render and The Graph suffered heavy losses in
August 2024 official Chinese PMIs from the National Bureau of Statistics (NBS): Composite is 50.1 August Manufacturing PMI 49.1 expected 49.5, prior49.4 Services 50.3 expected 50.0, prior 50.2 — The Chinese economy has been showing, and continues to show, a patchy and uneven recovery. Key trouble spots include: an uncertain property sector outlook, the sector
Ethereum is the most actively developed crypto project, per Santiment data. Centralization of ETH within a few wallets not bearish but signals high staking activity. Ethereum crossed below a key trendline that suggests its price could decline toward $2,000. Ethereum (ETH) is down 0.5% on Friday, following recent data showing it is the most actively
SPX daily chart There was no lack of drama in the final day of equity trading in what was a wild ride in August. The S&P 500 opened strongly and then gave it all back to trade in negative territory at midday. However some steady bids emerged in the afternoon before a massive wave of
Markets: Gold down $19 to $2501 WTI crude oil down $2.47 to $73.44 US 10-year yields up 4.3 bps to 3.81% S&P 500 up 0.6% USD leads, JPY lags. It was tough to tie the fundamentals to the market moves today, as is often the case at month end. Tokyo CPI was hot earlier and
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
The main driver of US dollar strength over the past number of years was ‘US exceptionalism’. That’s meant stronger growth and higher US interest rates. The stronger growth narrative is still in place — even if it requires a deficit at 7% of GDP — but Fed Chairman Jerome Powell has deconstructed the second part
The US Dollar Index (DXY) bounced off 13-month lows. Fed officials aligned behind the idea of a September interest-rate cut. Markets’ attention should rotate towards data and NFP. The US Dollar (USD) finally saw a bit of light at the end of the tunnel this week, managing to rebound from levels last recorded in mid-July
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Fundamental Overview After the strong push lower from last Friday when Fed Chair Powell delivered a more dovish than expected speech at the Jackson Hole Symposium, the USDCHF pair hasn’t moved much as the lack of catalysts this week kept the price action at bay. The market is waiting for the key economic releases next
Most retail traders believe that the win rate is the most important metric in trading and it’s usually the first thing they look at when searching for a strategy. That has to do with human psychology as we don’t like pain and losses, so we try to avoid that as much as possible. Unfortunately, in
Fundamental Overview Crude oil has been on a seesaw this week as we got a rally on Monday on the news that Libya was going to close down all oil fields and halt production and exports. That spike eventually got faded and prices even fell below the level seen before the news. Yesterday, we got
Here is what you need to know on Friday, August 30: The US Dollar (USD) Index seems to have entered a consolidation phase slightly below 101.50 on Friday, after posting gains for two consecutive days. Eurostat will release the Harmonized Index of Consumer Prices (HICP) for August in the European session. Ahead of the weekend,
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
Yesterday at this time, the price of gold was trying to stay below the 100/200 hour MAs near $2510 (blue and green lines). Sellers could not keep the pressure on and the sellers turned to buyers. After some intraday volatility yesterday, buyers returned and pushed the price back up to the ceiling area between $2526.43
While the EURUSD and the GBPUSD trades between the 100 and 200-hour MAs. The USDCHF is also trading between those two MAs as the last trading of the day of the weeks gets started The 100-hour MA is below the current price at 0.8448 (blue line in the chart below). The higher 200-hour MA is
USD/CAD trades on a stronger note around 1.3490 in Friday’s early Asian session. The second estimate of US GDP for Q2 2024 came in better than expected, growing by 3.0% vs. 2.8% prior. Higher crude oil prices might support the Loonie and cap the pair’s upside. The USD/CAD pair trades with mild gains near 1.3490
At the resumption of trading in the futures market, the e-mini S&P contract is up 0.16%. Dell reported after the closing shares are currently up 2.95%. Nvidia which notes their earnings yesterday after close is trading up 0.42% after declining -6.38% today. Apple shares are trading up 0.13% after rising 1.46% yesterday Meta is trading
High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not
US spot Bitcoin ETFs recorded outflows of $105.3 million on Wednesday, posting a second consecutive day of outflows. On-chain data picture a bearish outlook for Bitcoin as its exchange funding rates are negative. French authorities grant bail to Telegram founder Pavel Durov at $5.5 million, supporting crypto market sentiment. Bitcoin’s (BTC) price recovers from Wednesday’s
Prior was +4.8% Index 70.2 vs 74.3 prior (lowest ever) The index shows how far pending home sales have fallen. There was a big jump last month but it’s right back into the doldrums now and below the pandemic lows. pending home sales According to NAR Chief Economist Lawrence Yun, “A sales recovery did not
HFM, a global online trading company and brand name of HF Markets Group along with HF Markets, continues to support traders worldwide by expanding its educational offerings. Through in-person seminars in key cities and online webinar series, HFM aims to deliver the latest trading knowledge and market strategies to both emerging and established markets. “We
Every day, it feels like we are sinking deeper into an Orwellian dystopia. Even progressive democracies are starting to impose more and more restrictions, especially on what can be said or written. Ten years ago, the news that someone would be jailed for a comment would have been bizarre. This is an unfortunate reality today,
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a
Fundamental Overview This week has been pretty boring all around as the lack of catalysts kept the price action confined in a tight range. The market is waiting for the key economic releases next week as we will get the ISM PMIs and lots of US labour market data including the NFP report. As a
- 1
- 2
- 3
- …
- 11
- Next Page »