In the US, inflation rose above expectations in April to 3.8% year-on-year, driven by increasing energy prices stemming from the Iran conflict. Rising fuel prices also increased transportation, food, and manufacturing costs, raising concerns about broader inflationary pressure on the economy. According to the data, the average price of gasoline has risen from $3.14 last
The US Senate confirmed former Federal Reserve official and financier Kevin Warsh for a 14-year term on the Federal Reserve Board of Governors. According to Reuters, the Senate is now expected to expedite the confirmation process for Warsh’s four-year term as Fed Chairman. The vote could be completed by Wednesday, while current Fed Chairman Jerome
The US Senate is scheduled to vote on confirming Kevin Warsh to the Federal Reserve Board of Governors today at 3:00 PM EST, the final procedural step before he takes over as the next Chair of the Federal Reserve. If confirmed, as widely expected, Warsh will replace Jerome Powell, whose term concludes on May 15,
Bitcoin’s rise above $80,000 and its sustained position there has increased expectations of further upside in the market. However, the analysis firm believes this rise is unhealthy. According to the firm, the recent BTC rally is not driven by spot demand but by an unstable squeeze of short positions. The analytics firm noted that market
Cryptoquant’s bitcoin bull-bear cycle indicator turned green for the first time since 2023, which could signal that “the market structure is beginning to recover,” said the firm’s onchain market analyst Julio Moreno on Wednesday. “Historically, this has been an important regime-change signal,” Moreno wrote. “When the indicator moves out of bear territory and enters the
TD Cowen has reiterated its Buy rating and $16 price target for Sharplink (NASDAQ: SBET), the publicly traded Ethereum accumulator, signaling confidence in the company’s strategy even as its stock trades at a notable discount to its underlying asset value. The analyst’s decision comes as Sharplink continues to build its position in the world’s second-largest
Bitcoin is trading at $80.8k, consolidating just above the $80k psychologcial threshold that defined the ceiling of this cycle’s correction for months. While the ascending channel’s higher boundary is still holding, the 100-day MA has been left well behind, and the price’s reaction to the current area where the 200-day MA is also converging will
Trading and investing platform eToro reported stronger-than-expected first-quarter earnings on Tuesday, helped by a sharp increase in commodities trading activity during a volatile market environment. Shares of the company rose 6.5% in premarket trading. The stock has gained nearly 10% so far this year as of the previous close. Markets remained volatile during the first
Bitcoin is holding above the bull market support band, while traders watch the $82,000 area as the next key breakout level. A clean move above this resistance could strengthen the bullish setup and shift focus to the $86,582 Fibonacci target. Bitcoin Holds Bull Market Support Band as Traders Watch $82K Level Bitcoin closed the week
Bitcoin (BTC) may be entering the early stages of a new bull market, with the asset eyeing the $100,000 level after days of consolidation around $80,000. The outlook follows CryptoQuant’s Bull-Bear Market Cycle Indicator turning green for the first time since March 2023, a signal that has historically marked major shifts in Bitcoin’s momentum. The