Markets

Core inflation in August rose as the CPI showed price increases across several points, including energy, housing and airfares. Core inflation in August saw its largest monthly increase for the year as consumer prices rose on housing, energy, and many other items. According to the United States Department of Labor, the consumer price index (CPI) rose 0.6%, seasonally adjusted, up 3.7% from the same period last year. Economists polled by Dow Jones had predicted that the CPI would increase...

As the memecoin market heads into one of the most critical times in history, two currencies inspired by the iconic Japanese dog breed, Inus, emerge as some of the projects with the most potential for growth in 2024. The first one is Shiba Inu,  one of the most popular memecoins in the market. After consolidating as the second-largest memecoin by market capitalization, the world’s first Inu token aims to continue its upward trajectory with the launch of its own blockchain,...

Base – the new layer-2 blockchain trading platform from Coinbase – has gotten quite big over the past few months thanks to several new meme tokens. In fact, it appears Base garnered as much as $68 million in ether over the past few weeks alone, and the network isn’t even live yet. Coinbase Layer-2 Network Sees Heavy Revenue Jumps The new meme currency that everyone seems so attracted to is called BALD, which was built atop the Base network. The asset really...

BitMEX co-founder Arthur Hayes said that the recent decision by the United States Federal Reserve (Fed) to lower interest rates is expected to trigger a rapid surge in Bitcoin’s price, potentially propelling it toward the $70,000 mark. Hayes had previously predicted that Bitcoin would reach this level after March, but the Fed had increased interest rates three times between March and the current period. Bitcoin’s failure to reach the previously predicted $70,000 level is due...

Currently, Inditex has outlets in about 213 countries globally and only a low market share in many of them. Consequently, the company notes it has strong growth potential in many countries where it has an office. Fast fashion company Inditex has posted a net profit of $2.7 billion for the six months to July 31. The Zara owner posted its records on Wednesday, exceeding expectations with its 40% profit jump. Inditex sales rose 13.5% to 16.9 billion euros and a gross margin of 58.2%....

Ethereum’s price has been making lower highs and lows recently, following a decisive reversal from the key $2,000 area. Considering the current market structure, more downside can be expected. Technical Analysis By Edris The Daily Chart On the daily chart, the price has recently broken below the $1,650 support. However, this level is currently being retested. A further bearish continuation is likely if the price fails to climb above the broken level soon. The recent bearish...

While Bitcoin maintains its stability amid inflationary concerns and economic data releases, other cryptocurrencies face a different fate. In recent months, the world has witnessed a significant degree of financial turbulence as it relates to dwindling crypto prices and concerning Consumer Price Index (CPI) data. One key aspect of this turbulence has been the seesawing prices of cryptocurrencies, a phenomenon that has left many investors and analysts speculating about the future of digital...

In a matter of weeks, Coinbase constituted a team to dig into the protocol and assess the feasibility of its integration. Coinbase CEO Brian Armstrong has announced the exchange’s plans to integrate the Bitcoin Lightning Network (LN) into its infrastructure. LN is a layer 2 payment protocol that was created to improve the scalability of Bitcoin and allow cheaper and faster Bitcoin transactions. Joseph Poon and Thaddeus Dryja proposed the protocol in a whitepaper published in January 2016....

Solana price gained bearish momentum below the $20.00 level against the US Dollar. The price is now trading below $20 and the 55 simple moving average (4 hours). There is a key bearish trend line forming with resistance near $18.50 on the 4-hour chart of the SOL/USD pair (data feed from Coinbase). The pair could recover, but the upsides might be limited above the $20 resistance. Solana price is trading in a bearish zone below $20 against the US Dollar, similar to...

Bitcoin price started a recovery wave above the $25,400 resistance against the US Dollar. The price is now trading above $25,850 and the 55 simple moving average (4 hours). There is a major bearish trend line forming with resistance near $26,450 on the 4-hour chart of the BTC/USD pair (data feed from Coinbase). The pair could rise further if it clears the $26,450 resistance zone. Bitcoin price is recovering above $25,500 against the US Dollar. BTC might extend its...