Why Bitcoin's undiscovered potential could push it to $500,000
As bitcoin evolves, its multifaceted strengths reshape how investors and institutions view the future of money.
As bitcoin evolves, its multifaceted strengths reshape how investors and institutions view the future of money.
(Bloomberg) -- Gold eked out small gains as the dollar extended losses after the latest US data showed a key inflation gauge picked up last month, reinforcing expectations that the Federal Reserve will adopt a measured approach to lowering interest rates.Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for
Trump tariffs could prove to be the pin that pops the bubble on Fed cuts next year.
In the 12 months through October, the PCE price index increased 2.3 after advancing 2.1% in September. Excluding the volatile food and energy components, the PCE price index rose 0.3%, after a similar increase in September. In the 12 months through October, core inflation increased 2.8% after climbing 2.7% in September.
Economic uncertainties could propel bitcoin to unprecedented highs—or trigger a significant correction.
Unless you've been living under a rock, you've likely seen Bitcoin (CRYPTO: BTC) skyrocket over the past few weeks. Is Bitcoin's inability to breach $100,000 a red flag, or is this a golden opportunity to buy? Let's explore why Bitcoin stumbled at this milestone, what lies ahead, and whether it's still worth adding to your portfolio.
Key support levels and market sentiment drive Bitcoin’s turbulent journey toward the $100,000 milestone.
The U.S. economy grew at a solid clip in the third quarter, the government confirmed on Wednesday, amid robust consumer spending. Slight downward revisions to consumer spending, government outlays and exports, were offset by upgrades to private inventory accumulation, business investment as well as state and local government spending. Consumer spending, which accounts for more than two-thirds of economic activity, grew at a still-brisk 3.5% pace.
Google has announced it's making more changes to how it displays search results in the European Union in response to continued complaints that it's failing to comply with the bloc's Digital Markets Act (DMA). This will include what it bills as a “short test” of plain “blue link” style search results for hotel queries in three EU markets (Belgium, Estonia, and Germany), which will be akin -- the company suggests -- to how its search engine originally displayed results. The EU's flagship market co
The S&P 500 is on track to hit 6,600 by the end of next year, Wells Fargo's Scott Wren said.