Asian Stocks to Fall, Yen Steadies After Surge: Markets Wrap
US stock futures advanced as traders took comfort from the Federal Reserve’s signal that there’s no plan to raise interest rates and looked ahead to Apple Inc.’s upcoming earnings.
US stock futures advanced as traders took comfort from the Federal Reserve’s signal that there’s no plan to raise interest rates and looked ahead to Apple Inc.’s upcoming earnings.
Bitcoin’s tumble is piquing the interest of investors who view pronounced swings in the digital token as a possible precursor for broader changes in risk appetite in global markets.
US spot-Bitcoin exchange-traded funds suffered their largest daily outflow as the digital token heads for its worst week since August 2023.
Prices of some of the biggest spot-Bitcoin exchange-traded funds closed Tuesday at their largest discounts to the value of their underlying assets since they were launched.
The prospect of higher-for-longer interest rates is weighing on crypto, underlined by deepening Bitcoin losses after the token’s worst monthly drop since the collapse of Sam Bankman-Fried’s FTX empire in November 2022.
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