Equities-Crypto Relationship Is Likely to Weaken in the Long Term, Citi Says
The correlation between bitcoin and the stock market is expected to weaken as the adoption of digital assets grows, the report said.
China Stocks Slide Upon Reopen as Tariffs Keep Traders on Edge
(Bloomberg) -- Chinese stocks fell as investors responded to heightened trade tensions upon their return from a week-long holiday.Most Read from BloombergState Farm Seeks Emergency California Rate Hike After FiresTransportation Memos Favor Places With Higher Birth and Marriage RatesNYC’s Newest Transit Leader Builds a Worker-Driven StrategyNew York’s First ‘Passive House’ School Is a Model of Downtown DensityWhen French Communists Went on a Brutalist Building BoomThe CSI 300 Index dropped 0.6% o
AMD shares drop as data-center sales disappoint Wall Street despite AI chip growth
AMD shares fell by nearly 9% in after-hours trading, but the chipmaker is talking up a strong second half to 2025.
Tokyo tech IPO soars but Seoul deal tanks 10% in volatile Asian markets
SYDNEY/SEOUL (Reuters) -Shares of a small Japanese technology firm shot up nearly 60% on its first day of trade on Wednesday, while Seoul's largest initial public offering (IPO) in three years tanked almost 10% as volatility driven by geopolitics again gripped Asia's equity markets. South Korea's LG CNS shares dropped from opening bell and traded in negative territory for the session, failing to arrest the recent trend of weak debuts for the Seoul market. Shares of Next Generation Technology - the first IPO debut of 2025 in Tokyo - traded 58% higher before paring some gains across the day.
Coinbase Urges U.S. Regulators To Clear Path for Banks To Offer Cryptocurrency Services, Citing Legal Uncertainty and Pressure To Limit Crypto Ties
Coinbase has urged U.S. regulators to clarify guidelines allowing banks to offer cryptocurrency services.
UK-focused funds hit hard as investors pull cash from stocks, Calastone says
British investors yanked a net 640 million pounds ($799 million) from equity funds in January, ending a long run of inflows, as UK-focused funds suffered their sixth-biggest monthly net withdrawals on record, funds network Calastone said on Wednesday. After a wave of bullish sentiment in late 2024 when investors poured money into equity, bond and mixed asset funds, Calastone said UK investors started 2025 "in a more pessimistic mood." UK-focused funds lost 1.07 billion pounds of cash, despite British shares hitting record highs, Calastone said.
Bitcoin Dominance Reaches 58.8% as Altcoin Market Shrinks and Legacy Cryptos Outperform
According to CoinMarketCap data, Bitcoin’s market dominance has climbed to 60.6% as altcoins struggle, marking a rise from its December low of 51%.
Bitcoin Faces Potential Drop Below $90K as U.S.-China Trade Tensions Escalate With New Tariffs
Bitcoin’s price dropped below $100,000 on Feb. 4, with fears of a global trade war leading to increased volatility.
Bitcoin Reserve Evaluation Tops Priorities for Trump Administration, Says Crypto Czar David Sacks
The Trump administration is pushing ahead with plans to regulate digital assets, with White House crypto czar David Sacks at the forefront.
Buffalo and Indianapolis will be the hottest housing markets of 2025, according to Zillow’s latest forecast
Zillow’s 2025 forecast of the hottest markets in the U.S. found that while housing prices in these markets remain affordable, supply is tight, making for stiff competition.