- The crypto market ended the week flat as Bitcoin continues to consolidate below $29,500 while investors digest the latest inflation data that shows that the cost of living is once again on the rise, especially when it comes to energy costs.
At the closing bell, the S&P and Nasdaq were in the red, down 0.11% and 0.68%, respectively, while the Dow finished up 0.30%. Market analyst Crypto Tony is leaning towards a break to the downside, warning on Friday that Bitcoin is “hanging [on] by a thread” to the equilibrium level of $29,300.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Bitcoin Trades Sideways as CPI Report Has Little Impact on Crypto MarketThe crypto market showed little reaction to the CPI report as Bitcoin continues to trade sideways below $29,800. While stocks initially responded positively to the report, the momentum faded throughout the trading day. Bitcoin's price remains compressed within a range, leading analysts to warn of an imminent breakout.
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