In the past 24 hours, the cryptocurrency market experienced a 0.75% loss, bringing the total market capitalization to $2.29 trillion. This slight decline follows a trend of synchronised selling that has been prevalent in the market recently. The sentiment index currently stands at 57, indicating greed among investors. This shift towards greed in the market
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The Bank of Japan’s upcoming release of its Summary of Opinions on Thursday, August 8, is expected to provide valuable insights into the July monetary policy decision. This summary will shed light on the Board members’ views on the interest rate trajectory, potentially impacting investor sentiment towards the Japanese Yen. A positive outlook on multiple
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After the release of the weaker July nonfarm payrolls report, many experts have expressed doubts about the accuracy of the data. The report showed that nonfarm payrolls only increased by 114,000, falling short of economist expectations. Additionally, the unemployment rate unexpectedly ticked up to 4.3%, causing concern among investors and analysts. Some experts have pointed
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The recent announcement by Morgan Stanley allowing its financial advisors to offer bitcoin ETFs to eligible clients marks a significant shift in the landscape of wealth management on Wall Street. This move by one of the largest wealth management firms in the world reflects the growing acceptance and adoption of bitcoin by mainstream finance. It
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In July of this year, U.S. job growth slowed down more than anticipated. Nonfarm payrolls only increased by 114,000 jobs, following a downwardly revised 179,000 gain in June. This slowdown has raised concerns about the health of the labor market and the possibility of an impending recession. The unemployment rate increased to 4.3% in July,
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Investors are facing a challenging time as risk assets are poised for a significant downturn in European and global markets. The recent softer-than-expected ISM report on U.S. manufacturing has sparked worries about the economic outlook. This has caused a shift in sentiment, with optimism over the Federal Reserve’s signals on a September rate cut being
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