Bitcoin Stays Stuck as US Stocks Hit New Highs
Bitcoin remained in the $85,000 zone while the S&P 500 and Nasdaq hit record highs on Tuesday. Stocks rallied on AI gains and falling yields.
Bitcoin remained in the $85,000 zone while the S&P 500 and Nasdaq hit record highs on Tuesday. Stocks rallied on AI gains and falling yields.
BOJ board member Ayano Sato backs gradual rate hikes but no pre-set schedule, citing accommodative conditions and oil cost risks.
HousingWire analyst Logan Mohtashami discusses surging mortgage rates, rising bond yields, and the competition between Bitcoin and real estate.
Asia-Pacific markets see a quiet calendar on Wednesday, with an ECB board member speaking in the Philippines.
Kansas City Fed President Schmid says labor market is solid but more work needed on inflation. He supported September's rate hike.
The Treasury's $58B 3-year note auction yielded 4.932%, slightly below the when-issued level, with mixed demand.
San Francisco Fed's Mary Daly says more rate hikes depend on whether AI, tariff and energy shocks persist. Markets showed little reaction.
BoJ's Sato backs further rate hikes but expresses concern over consumption and avoids specifying timing. USDJPY trades in a narrow range near moving averages.
European markets saw improved risk sentiment as oil prices fell and bond yields declined. The OAT-Bund spread narrowed after a peak.
US trade deficit widened to $105.6 billion in August, as imports surged more than exports.
Solana Foundation launched DvP settlement; dovish Fed expectations and US-Iran developments support price near highs.
EUR/USD recovers after France's budget deficit plan tightens the OAT-Bund spread, reducing the euro's risk premium.
Ethereum's Glamsterdam upgrade activated on Sepolia testnet; price tests key trendline. Fed expectations turn dovish; US-Iran developments in focus.
Bitcoin traded below $86,000 on Tuesday after three weekly gains, with $90 million in ETF outflows and weak payroll data reducing rate hike expectations.
US real estate stocks have hit a record low relative to the S&P 500, mortgage rates are elevated, and Peter Schiff says the industry is dead.