Pre and Post Market Briefings

SIGNALING POSSIBLE PRESSURES According to the Bureau of Labor Statistics, wholesale prices rose by 0.4% in November, exceeding expectations and indicating a slowdown in inflation progress, The producer price index, which tracks changes in prices of goods sold by manufacturers to measure inflation from their perspective, indicated a notable increase as it saw a 0.4% […]

PRICE HIKES In November, consumer prices increased at a faster rate, with an annual inflation rate of 2.7%. This rise was in line with expectations and signals ongoing concerns about inflation for households and policymakers. Moreover, excluding food and energy costs, core CPI stood at 3.3% annually. As of now, expectations remain optimistic that the […]

POSSIBLE ROCKY STAGE Bitcoin prices have been fluctuating between $94,000 and $95,000 as a result of concerns surrounding Google’s new quantum-computing chip Willow, which initially sparked a slide in value but was swiftly dismissed by analysts. This has left directional traders in a state of uncertainty, awaiting market stability before taking definitive actions. The situation […]

ANOTHER MAJOR PURCHASE MicroStrategy has recently made another substantial investment in Bitcoin by acquiring an additional 21,550 BTC for a total of $2.1 billion. This purchase, completed last week, brought the company’s total Bitcoin holdings to an impressive 423,650 tokens, valued at nearly $42 billion based on current market prices. By selling approximately $2.13 billion […]

JOB CREATION REBOUNDED In November, job creation rebounded after a sluggish October, largely due to the resolution of a labor strike and the lessening impact of severe storms in the Southeast. The Bureau of Labor Statistics reported an increase of 227,000 nonfarm payrolls, showing a significant improvement from the prior month’s 36,000. Although the unemployment […]

MILESTONE REACHED Bitcoin has reached a significant milestone as it has finally exceeded the $100,000 mark for the first time. This surge was triggered by President-elect Donald Trump’s announcement of nominating a new SEC chair, Paul Atkins, who is seen as supportive of the cryptocurrency industry. In addition, the rise in bitcoin’s value is also […]

CRYPTO ROLLERCOASTER Over the past day, the cryptocurrency market has been on a rollercoaster ride, experiencing significant losses totaling over $588 million. Major cryptocurrencies like XRP, Bitcoin, Ethereum, and Dogecoin have all faced drastic price fluctuations, with XRP leading the way in liquidations at $69 million. The market was particularly affected by XRP’s extreme volatility, […]

SENTIMENT SHIFT There seems to have been a switch in investor sentiment as Ethereum-based investment products have set a record high of $2.2 billion in net inflows, surpassing the previous peak in 2021. This surge, fueled by a substantial $466.5 million flowing into Ethereum products in one week, largely by U.S.-based exchange-traded funds (ETFs), marks […]

MIXED START Cryptocurrency markets saw a mixed bag of performance as the new trading week kicked off, with Ripple’s XRP notably standing out with a significant surge of over 21% within a 24-hour period. While XRP’s value skyrocketed, other major digital assets like Bitcoin and Ethereum experienced slight declines of around 2% each, with Solana […]

AT CROSSROADS Ethereum is facing a pivotal moment as changes in user experience are leading to a decline in activity and fees, casting doubt on its future viability in the cryptocurrency landscape. Ethereum’s traditional dominance in the decentralized finance (DeFi) sector is being challenged, as the network’s recent upgrades and the emergence of Layer-2 platforms […]

MARKET CLOSED Due to the Thanksgiving holiday, the stock market will be closed today. EXPECTED RISE As stated by the Commerce Department report in October, inflation edged higher, prompting the Federal Reserve to assess the potential for interest rate adjustments. The personal consumption expenditures price index, the preferred inflation measure of the Fed, increased by […]

EMBRACING VOLATILITY Bitcoin has recently experienced a resurgence in volatility, prompting investors to make tough decisions about whether to navigate through these fluctuations or stay out of the market. Despite the current cycle being relatively calm compared to previous instances, a recent dip in Bitcoin value from $100,000 to around $90,000, resulting in a 10% […]