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Market News

Stocks Soar and Yields Tumble as Inflation Pressures Ease in October

Investors cheered as stocks surged and bond yields plummeted in response to a much-needed cooldown in inflation pressures during October. The 10-year Treasury yield has seen a significant drop, marking the largest move in the bond market since March. This shift in the market has led to a narrative change, with investors now expecting the ...

Market News

Global Interest in Bitcoin, Ethereum, and Crypto Reaches All-Time High in October as Investors Seek Lucrative Opportunities

“October witnessed an unprecedented surge in global fascination with Bitcoin, Ethereum, and other cryptocurrencies, reflecting a growing recognition of their transformative potential across industries and economies.” Bitcoin, Ethereum, and other cryptocurrencies have experienced a surge in global interest, reaching their peak in October, according to Google Trends data. A recent report from Bitcoin.com revealed that ...

Market News

Bitcoin Miners Experience Negative Net Supply in October as They Sell More BTC Than They Generate: Data

“Surprising data reveals Bitcoin miners defying expectations, selling more BTC than they mined in October, posing an intriguing puzzle for the crypto community.” For the first time in three months, the top 13 publicly traded crypto mining companies have sold more bitcoins (BTC) than they produced. According to Bitcoin mining research platform TheMinerMag, the liquidation-to-production ...

Market News

Ethereum Surges to New All-Time High, Reaching $10,000 Milestone on October 11th, 2023

“Chart of the day: Ethereum emerges as the leading force in the blockchain revolution, surging to new heights with its innovative smart contract capabilities and decentralized applications, setting the stage for a transformative future in the digital economy.” Yesterday, BlackRock has submitted a 19b-4 filing with Nasdaq for the iShares Ethereum Trust, indicating plans to ...

Market News

October Sees Miners Surpass Bitcoin Minting with Impressive Sales

In a surprising turn of events, miners managed to sell more Bitcoin in October than the amount freshly minted, indicating a shift in the market dynamics and raising intriguing questions about the future of this highly sought-after cryptocurrency. Leading Bitcoin miners sold 5,492 BTC during October’s market rally, exceeding their monthly production. A notable surge ...

Market News

UK Job Market Continues to Lag in October, Reveals KPMG/REC Survey

Despite hopes of a post-pandemic recovery, the UK job market continues to struggle as the latest KPMG/REC survey reveals sluggishness in October, raising concerns for the economy’s overall growth. A decline in hiring by British employers eased slightly in October, but pay growth slowed and rising redundancies led to an increase in the number of ...

Market News

Egypt’s Non-Oil Activity Contracts in October Due to Inflation and Supply Shortages, According to PMI

Egypt’s non-oil activity faces a challenging setback in October as the double impact of inflation and supply shortages take a toll – PMI report uncovers the hurdles hindering the country’s economic growth. Egypt’s non-oil private sector has continued to contract for the 35th consecutive month in October, according to a survey. The S&P Global Purchasing ...