Market News

Bitcoin price has outperformed traditional assets like stocks and commodities this year despite the recent drawdown. It has risen by over 30% this year while the Nasdaq 100 and S&P 500 indices have risen by less than 21%. The 2x Bitcoin Strategy ETF (BITX) has also done well as it rallied by 26% this year,… Continue reading Is the 2x Bitcoin Strategy ETF (BITX) a good fund to buy?

Albemarle Corporation (NYSE: ALB), a prominent player in the lithium market, has been witnessing a significant drop in its stock value recently, hitting new 52-week lows every day. On July 9th, 2024, Albemarle’s stock plummeted by 8.7%, reaching its lowest point since October 2020. This decline was notably the most substantial drop within the S&P… Continue reading Albemarle stock hits new 52-week low amid falling lithium prices: Time to sell?

Yes Bank share price has suffered a harsh reversal this week, becoming one of the worst performers in India. The stock, which jumped to a high of ₹27.44 last week, has dropped by almost 10% to ₹24.60. Yes Bank is attracting bids Yes Bank is attracting attention from other Asian banks as it seeks to… Continue reading Yes Bank share price retreats despite FAB, MUFG interest

The S&P 500 index has done extremely well this year, helped by the rising hopes of Federal Reserve cuts, strong corporate earnings, and optimism among investors. The blue-chip index soared to a record high of $5,576 on Tuesday, bringing the year-to-date gains to about 17%.  Other American indices have done well this year. The tech-heavy… Continue reading S&P 500 index forecast: overbought SPX could reverse soon

On Wednesday, shares of Chinese tech giant Baidu Inc. (NASDAQ: BIDU) surged 2.66% following an announcement by Beijing authorities supporting the integration of robotaxis into ride-hailing and car rental fleets. This progressive step, first reported by Bloomberg News, marks a significant leap towards urban mobility innovation. Baidu’s robotaxi service, Apollo Go, already a familiar name… Continue reading Baidu’s stock climbs on Robotaxi expansion amid long-term decline: Should you Buy?

The Aptos Foundation and Alibaba Cloud, China’s largest cloud service provider, have announced a new partnership that aims to support the growth of the Web3 ecosystem in Japan. Aptos Foundation’s alliance with the Alibaba Group’s digital technology platform targets Asia’s emerging hub. The latest collaboration adds to recent milestones from the Aptos team. One of… Continue reading Aptos Foundation partners with Alibaba Cloud to boost Web3 in Japan

The Italian Consumer Price Index (CPI) remained unchanged at 0.8% in June compared to the same month a year earlier, according to the preliminary report from the Italian National Institute of Statistics (Istat) released on Friday. On a monthly basis, the CPI increased by 0.1%. Factors contributing to CPI stabilisation The stabilisation of inflation in… Continue reading Italian Consumer Price Index remains stable at 0.8% in June

Victoria, Seychelles, June 28th, 2024, Chainwire Leading Web3 wallet and DeFi platform Bitget Wallet has announced a joint investment with crypto investment firm Foresight X in Tomarket, a decentralized trading platform for emerging asset classes. Developed by industry experts from prestigious firms with the likes of Binance and Microsoft, Tomarket is designed to address markets and user needs beyond… Continue reading Bitget Wallet announces investment in trading platform Tomarket, targeting markets beyond DEXs

Victoria, Seychelles, June 28th, 2024, Chainwire Bitget, the leading cryptocurrency exchange and Web3 company, will launch a unique social project in Vietnam. The campaign aims to educate people on how to use cryptocurrency securely and prevent fraud through engaging and understandable posters and banners. These educational materials, which will provide tips on detecting and avoiding… Continue reading Bitget to launch social campaign in Vietnam to warn about crypto scams and risks