Crypto markets surge as Binance’s CZ secures freedom and bitcoin eyes $70k in October
This week in cryptocurrency, investors are closely watching Binance after its CEO, Changpeng Zhao (CZ), was cleared of scrutiny, providing a sense of relief to the market. Meanwhile, excitement is building around predictions that Bitcoin could reach $70,000 by the end of October, thanks to increased institutional interest and positive sentiment. Adding to the crypto […]
Standard Chartered: Bitcoin falls short as safe haven, but ‘buy the dip’ remains a solid strategy
While Bitcoin may not offer reliable protection from geopolitical risks, Standard Chartered advises that the cryptocurrency still presents a good buying opportunity for long-term investors. Despite its reputation for volatility and its failure to act as a safe haven during global crises, the bank believes current price levels could be advantageous for those looking to […]
S&P 500 slides as Middle East tensions heighten, investors brace for jobs report
Wall Street’s major indices ended lower on Thursday, pressured by escalating geopolitical tensions in the Middle East and investor caution ahead of a key U.S. labor report. The S&P 500 slipped 0.2%, while the Dow Jones Industrial Average dropped 184 points, or 0.4%, and the Nasdaq Composite fell 0.1%. Traders were largely risk-off, reacting to […]