Economy

Economy
Economy

Crypto rally today: Why are XRP, Dogecoin, Cardano, Pepe going up?

A crypto rally is happening this week, with top tokens like XRP, Dogecoin, Cardano, and Pepe going up by over 10% in the last seven days. XRP price rose for three consecutive days, reaching a high of $1.3433, its highest level since May 30th and by 31% above its lowest level this month. Dogecoin (DOGE)

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Economy

Ethereum gains 25% as ETF demand strengthens after record $3B short wipeout

Ethereum continued its strong rally Friday as institutional inflows, renewed derivatives activity, and whale accumulation supported prices following a historic wave of short liquidations. ETH has climbed approximately 25% since Wednesday, pushing above several major technical indicators and bringing the $2,431 resistance level into focus. Ethereum’s rally comes as Bitcoin added 21% to its value

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Economy

Gold steadies near two-month high as Fed risk caps Treasury-fuelled rally

Gold held close to a two-month high on Thursday after the US Treasury’s surprise move to expand purchases of longer-dated debt knocked bond yields and the dollar lower, giving bullion its strongest macro tailwind in weeks. Spot gold traded near $4,512 an ounce in early Asian dealings after touching $4,525.79, its highest since June 2.

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Economy

Xiaomi share price analysis as smartphone sales severely lag Samsung, Apple

Xiaomi share price has crawled back this week, moving from a low of HKD 25.32 on August 18 to the current HKD 28.45. This rebound happened after the company published its financial results, which demonstrated the lingering weakness in its business. Xiaomi’s revenue and profits dropped in Q2 China’s Xiaomi has become a major player

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Economy

HYPE price explodes 20% as Hyperliquid moves closer to the US market

Hyperliquid’s HYPE token has gained 19.6% over the past 24 hours to trade near $70.44 on Aug. 20, after briefly pushing above $72 during a sharp rally triggered by fresh signs of a possible regulated US entry. CoinGecko data showed HYPE had risen from a close to $58 over the previous 24 hours, with most

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Economy

Brent nears a four-week high: how high can oil go from here?

Oil prices held close to four-week highs on Thursday as traders weighed persistent disruption around the Strait of Hormuz against a surprise build in US crude inventories, leaving Brent above $91 a barrel and WTI near $86. Brent crude futures were around $91.87 in early trade, while front-month WTI was near $85.81. Both benchmarks had

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Economy

Ethereum jumps 18% as $1 billion short squeeze fuels crypto breakout

Ethereum has rallied 17.7% over the past 24 hours to $2,249.80, with more than $1 billion in ETH short positions liquidated as falling US Treasury yields and fresh regulatory developments drove traders back into crypto. CoinGecko data showed ETH climbing from below $1,950 on Aug. 19 to an intraday peak near $2,300 before settling close

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Economy

US debt tops $40T: why America’s fiscal burden is becoming harder to contain

The United States has reached a debt milestone that highlights one of the biggest economic challenges facing Washington: the government is borrowing at a pace that is becoming increasingly difficult to sustain. Total US debt outstanding reached $40.047 trillion on Tuesday, according to the Treasury Department’s latest daily cash and debt balances statement. The figure

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Economy

Bitcoin smashes through $71,000: how high can this breakout run?

The broader cryptocurrency market is regaining momentum as improving liquidity conditions fuel expectations of another bullish leg. Bitcoin has broken past the psychologically important $70,000 mark after rallying 7% on Wednesday and it is now trading above $71,000.  The rally followed the US Treasury Department’s decision to expand buyback operations for longer-dated government securities in

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Economy

Why LIT is up 28% as traders bet on Lighter’s US regulatory path

Lighter price has rallied 28% over the past 24 hours to around $2.95 on Aug. 20, making LIT the biggest gainer among the top 100 cryptocurrencies. CoinGecko data showed LIT climbing from around $2.30 to an intraday high near $2.97, with the rally accelerating during the Asian and European trading sessions. The token was also

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