The bitcoin sell-off could get worse before it gets better, according to analysts who look only at price charts. The flagship cryptocurrency just posted its first negative month in eight and worst month since November 2022. The downtrend intensified on Wednesday when it tumbled under the $60,000 level for the first time since February, as
A major exchange-traded fund provider is going deep on two popular plays: megacap tech and weight loss drug stocks. In health care, Roundhill Investments is getting ready to launch a fund that focuses on the companies behind GLP-1 drugs. Dave Mazza, the firm’s chief strategy officer, expects to have more information on the fund’s debut
KKR’s family office survey of 75 chief investment officers around the world found that family offices had 52% of their portfolios invested in alternative investments in 2023, up from 42% in 2022. The growth in alternatives is coming at the expense of almost every other asset class, as their cash holdings fell from 11% to
Bitcoin broke through $50,000 to start the week and although a stubbornly high inflation reading has pulled it lower since, the cryptocurrency is still in safe territory, according to chart analysts. On Monday, the cryptocurrency finished above $50,000, at one point rising to $50,334.00, its highest level since December 2021. Technical analysts had expected this
An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according to Coin Metrics. The day
A Volvo C40 Recharge electric SUV is on display during the Volvo “A New Era of Volvo Cars” press conference at The Shilla Seoul on March 14, 2023 in Seoul, South Korea. Han Myung-gu | Wireimage | Getty Images Volvo Cars shares surged more than 20% Thursday after the Swedish automaker announced that it will
Greenwash activists take part in the final day of four days of The Big One climate protest activities organised by Extinction Rebellion (XR) on 24 April 2023 in London, United Kingdom. Mark Kerrison | In Pictures | Getty Images The head of the United Nations Environment Programme Finance Initiative believes there is still a “real
They changed because the SEC lost a key court case last August: The U.S. Court of Appeals for the D.C. Circuit held that the commission failed to adequately explain its reasoning when it turned down Grayscale’s proposed bitcoin ETF. Gensler was forced to give in, but not on all fronts. For starters, he is engaged in
Some types of debt can haunt you. “Buy now, pay later” loans, especially, can be hard to track, making it easier for more consumers to get in over their heads, some experts say — even more than credit cards, which are simpler to account for, despite sky-high interest rates. Over the holidays, the use of installment
Ken Griffin, Citadel at CNBC’s Delivering Alpha, Sept. 28, 2022. Scott Mlyn | CNBC Billionaire investor Ken Griffin’s various hedge fund strategies all posted double-digit returns for 2023, but they failed to beat the broader market. Citadel’s multistrategy Wellington fund gained 15.3% last year, according to a person familiar with the returns. The flagship fund had