Bitcoin is up 26% in July and Ether 65%, though their rallies paused Friday. Bitcoin was down 2% to trade at $23,538 as of 9:34 a.m. in New York and Ether was hovering around $1,672.
“Signs the Fed may be nearing the end of their hiking cycle have lifted all risk assets, and crypto has also benefited,” said Cici Lu, chief executive officer at consulting firm Venn Link Partners. “Liquidation of leveraged positions seems to be over,” she added, and “markets may have found the bottom.”
I’m gradually making more earnings now in my trades but with the aid of a trader that was recommended and now I'm recommending her to y'all EliDonovan01
Greatest trader of all time James_Alderson8 I never believe it until I experience it For a start i deposited R50,000 to test the waters in 7 days I got a return of R500,000, he's diligence and honesty is undeniable. Thank you once again James_Alderson8
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Canada Canada Latest News, Canada Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SAP – The best partner to grow your mid-sized businessSAP explained at a recent event how its cloud solutions help businesses stay agile and resilient. Problem is SAP is tainted by their dodgy dealings with SA Government. SAP in vanilla form is cheap and inexpensive to run, but once you customise be prepared to fork out millions
Source: mybroadband - 🏆 11. / 67 Read more »
Global stocks gain, set for best month since late 2020Traders bet a weakening US economy could slow the pace of monetary tightening in the world’s largest economy
Source: BDliveSA - 🏆 12. / 63 Read more »
Business Maverick: China’s banks rush to raise record debt as credit losses mountBanks in China are rushing to boost capital as they prepare for a potential spike in bad loans due to the economic slowdown and spreading housing crisis. A record amount of fresh money has come from financial markets, with banks selling 29% more bonds in the first half of the year compared to last year to replenish capital and cover credit losses.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: Stocks push higher amid bets on slower Fed hikes: markets wrapStocks rose in Asia on Thursday, bonds climbed and the dollar fell as the prospect of a slower pace of Federal Reserve monetary tightening filtered across global markets.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: China’s blistering heat strains power grids and disrupts farmingScorching temperatures across China are straining power grids as the country tries to ramp up industrial activity to support the economy, while farmers scramble to save crops such as rice and cotton from the impact of the searing heat.
Source: dailymaverick - 🏆 3. / 84 Read more »
Business Maverick: US Economy Shrinks for a Second Quarter, Fueling Recession FearsThe drumbeat of recession grew louder after the US economy shrank for a second straight quarter, as decades-high inflation undercut consumer spending and Federal Reserve interest-rate hikes stymied businesses and housing.
Source: dailymaverick - 🏆 3. / 84 Read more »