MicroStockHub/E+ via Getty Images Bitcoin (BTC-USD) is set to fall 5.2% on a weekly basis, as the robust demand buoyed by the creation of spot BTC ETFs earlier in the year has cooled. “Bitcoin is facing some short-term headwinds as the market fears sell pressure from governments and Mt. GoxContinue Reading
After a mixed Q2 earnings report and hike in its quarterly dividend, shares of Levi Strauss (NYSE:LEVI) continue to lose ground and are now looking at a record-setting drop in the stock, cutting through supports at its 50- and 100-day moving averages like a hot knife through butter. The 17%Continue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures tilted lower Tuesday after ending the previous session at nearly two-month highs, as the oil market awaits the weekly U.S. inventories report for indications of demand for crude and gasoline ahead of the July 4 holiday weekend. Claudio Galimberti, director of global marketContinue Reading
BackyardProduction/iStock Editorial via Getty Images Exchange-traded fund investing directly in ether (ETH-USD), once cleared for trading, will likely attract slower demand than spot bitcoin (BTC-USD) ETFs, Bernstein said in a note early this week. “ETH should not see as much spot ETH conversion due to the lack of an ETHContinue Reading
SlavkoSereda/iStock via Getty Images Crude oil futures finished higher Monday, sparked by optimism over strong summer driving demand and the resurgence of geopolitical risk perception with rising tensions between Israel and Hezbollah, as prices continue to rebound from early June lows. After last week’s big drop in U.S. crude andContinue Reading
