South African Rand Hits One-Week Low on Rising US-Iran Tensions
The rand fell 0.5% against the dollar as escalating military conflict in the Middle East drove a flight from risk-sensitive emerging market currencies.
Latest by Sofia Alvarez
Cardano Surges Over 10% in Largest Daily Gain Since February
Cardano (ADA) registered its most significant single-day percentage increase in several months, outperforming major cryptocurrencies like Bitcoin and Ethereum. The rally pushed its market capitalization above $6.3 billion, though the token remains substantially below its 2021 peak.
Bitcoin Rises Above $61,000 as Weak U.S. Jobs Data Cools Fed Rate Hike Bets
The largest cryptocurrency gained alongside other risk assets after U.S. nonfarm payrolls for June came in significantly below expectations, leading investors to scale back bets on a near-term Federal Reserve interest rate hike.
Cardano Surges Over 12% for Largest Daily Gain Since February
Cardano (ADA) experienced a significant rally, climbing more than 12% for its largest single-day percentage gain since February 25. The move boosted its market capitalization to over $7 billion, outperforming modest gains in Bitcoin and Ethereum.
Bitcoin Holds Above $62,000 as Investors Weigh ETF Outflows Against Corporate Adoption
Bitcoin's price stabilized above the $62,000 mark as the market assesses slowing institutional inflows into U.S. ETFs against positive long-term signals, including corporate treasury strategies and potential use cases in artificial intelligence.
Bitcoin Surpasses $64,000 as Trump's Pro-Crypto Remarks Offset MicroStrategy Sale
The leading cryptocurrency recovered from earlier losses driven by a $216 million sale from corporate holder MicroStrategy, with market sentiment buoyed by positive comments from former President Donald Trump.
Strategy's Bitcoin Policy Shift Creates Market Overhang, Standard Chartered Says
According to Standard Chartered, uncertainty around a new approach by major holder Strategy (formerly MicroStrategy) is causing near-term Bitcoin volatility, though the bank maintains its $100,000 price forecast.
Cantor Fitzgerald SPAC and Adam Back's BSTR Holdings Terminate Merger Agreement
The Cantor Fitzgerald-backed blank-check company and the Bitcoin investment firm have scrapped their initial deal to go public, citing the need to renegotiate terms better suited to current market conditions.
Bitcoin Falls Below $63,000 as U.S.-Iran Tensions and Fed Uncertainty Weigh on Markets
The world's largest cryptocurrency slipped over 2% as renewed military conflict in the Middle East drove investors away from risk assets, while minutes from the Federal Reserve's June meeting signaled a divided outlook on interest rates.