European markets are closing in on bear market territory in heavy selling at the end of the week as investors grow increasingly fearful of recessionary and escalation risks. The sell-off has gathered pace as the morning has progressed and I can’t expect the mood will improve as we head into another highly uncertain weekend. The […]
The pound is down considerably for a second straight day and has lost over one per cent on the week. GBP/USD is trading at 1.3268, its lowest level since December 2021. In economic news, the UK Construction PMI for February accelerated to 59.1, up from 56.3 in January and easily beating the consensus of 54.3. […]
On-chain analysis conducted by Kraken exchange suggests bullish momentum for the leading crypto tokens “remains low.” “It’s tough to confidently determine what’s ahead for the crypto markets.
The US Securities and Exchange Commission (SEC) is investigating NFT marketplaces and creators for possible breaches of its securities rules. According to Bloomberg, this investigation would mark the first regulatory scrutiny of NFTs since the sector’s explosive growth started.
Market participants are continuing to point out that Bitcoin has been going through a series of defining moments. Per the March edition of Bloomberg Intelligence’s (BI) Crypto Outlook Report, 2022 is set to be another major test for the pioneer cryptocurrency. Bitcoin appears poised to best the stock market In the report published by BI’s
Randi Zuckerberg, the sister of the multibillionaire Meta founder Mark Zuckerberg, has published a song dedicated to crypto and web3. “I sing this song, surrounded by new friends, as a...