Good Morning, Asia. Here’s what’s making news in the markets: Welcome to Asia Morning Briefing, a daily summary of top stories during U.S. hours and an overview of market moves and analysis. For a detailed overview of U.S. markets, see CoinDesk’s Crypto Daybook Americas. On the streets of Bolivia, an advertisement for a bright green […]
By Francisco Rodrigues (All times ET unless indicated otherwise) Bitcoin BTC$113,974.60 is up around 1.4% in the past 24 hours as investors await key inflation data in the U.S., which could shape expectations for a much-discussed interest-rate cut by the Federal Reserve. Before that hits though, the European Central Bank announces its own interest-rate decision. […]
Corporate America’s fears of a looming economic recession have evaporated as quickly as they emerged early this year. The number of S&P 500 companies that mentioned the word “recession” during their second-quarter earnings call dropped sharply to just 16, down sharply from 124 in the first quarter, according to data source FactSet. A recession is […]
By Omkar Godbole (All times ET unless indicated otherwise) The recent TACO tease, implying “Trump Always Chickens Out” on tariffs, likely didn't go down well with the President, who raised the stakes in the ongoing trade war on Friday, leading to broad-based risk aversion, which persists as of writing. On Friday, Trump said that on […]
By James Van Straten (All times ET unless indicated otherwise) Two contradictory philosophies jump to mind when considering bitcoin’s (BTC) price action of late. Do you “buy when there is blood in the streets”? Or perhaps “don’t catch a falling knife.”? Which applies in today’s market, the day after the largest cryptocurrency posted its steepest […]