The correlation of Bitcoin with the Nasdaq has reached its highest level in two years, exceeding 0.70 according to Bloomberg data. This synchronization occurs at a critical moment as markets hold their breath ahead of the release of the next American Consumer Price Index (CPI) report.
The Nasdaq recently filed an application with the Securities and Exchange Commission (SEC) to list the Canary Capital Litecoin ETF. This initiative marks a significant step in the expansion of ETFs beyond Bitcoin and Ethereum. Now, Litecoin, a cryptocurrency known for its faster transaction speeds and lower costs, could be accessible to thousands of institutional investors.
The Paris stock exchange begins the week with a gloomy note. It fell by nearly 0.4% this Monday morning. This slight decline is part of a tense context, marked by a flood of upcoming quarterly results and persistent questions about the health of the global economy.
The French stock market fluctuates under the Macron effect. Discover the political repercussions on financial markets and the economy.
The biggest financial bubble of our time is on the verge of bursting, warns renowned economist Harry Dent. According to him, the stock market is currently inflated by excessively accommodative monetary and fiscal policies, built up over more than a decade. This warning, given during a recent interview with Fox Business, highlights potential risks of a stock market crash even more devastating than that of 2008. At a time when the global economy appears to be slowing down, Dent's remarks call for increased vigilance and rigorous preparation.
The key indices of Wall Street, the S&P 500 and the Nasdaq Composite, reached new highs this Wednesday, galvanized by a reassuring report on US inflation. The Cac 40, on the other hand, failed to join the general euphoria, falling just short of equaling its record.
Elon Musk announces an acceleration in the launch of new Tesla models, reigniting investor interest in the future.
Despite a turbulent week, the CAC 40 hits a new record and finishes the quarter with notable gains.
Coinbase thriving, overshadowing the challenges of 2022, with a soaring performance.
Exchange: JPMorgan suggests that Coinbase's stock could experience significant declines and drop to $80. Here's why...
" Bitcoin Spot EFTs have faced several rejections before reaching this stage. "
Nasdaq backtracks! Its abandonment of plans for a cryptoasset custody service shakes up the industry. Nasdaq CEO Adena Friedman cites regulatory concerns in this surprise announcement. The decision could impact the future of institutional crypto adoption in the US.