US spot Bitcoin exchange-traded funds recorded another day of heavy withdrawals on Wednesday, as falling cryptocurrency prices and broader risk-off sentiment continued to weigh on investor confidence. According to data from SoSoValue, investors pulled $544.94 million from US spot Bitcoin ETFs during the session, marking the second consecutive day of net outflows. The latest withdrawals
Wars like the Russia-Ukraine one don’t end when diplomats sit down. They end when pressure becomes harder to absorb than compromise. 4 years later, Russia and Ukraine are still fighting, still talking, and still testing how much strain their systems can take before something gives. The battlefield has frozen into lines, but the conflict itself
The cryptocurrency market has continued its bearish start to February as Bitcoin and other major coins and tokens recorded massive losses on Wednesday. Bitcoin lost 7% of its value in the last 24 hours and briefly dropped below the $71k level. Ether risks dropping below $2k as it is down by 5.5% since Wednesday. However,
Shares of Volvo Cars slid sharply on Thursday after the carmaker reported a steep fall in fourth-quarter operating profit, highlighting how tariffs, currency headwinds, and cooling demand are squeezing margins across the auto sector. The stock dropped more than 25%, putting Volvo Cars on track for its worst trading day on record. The reaction reflected
Bitcoin fell below the $70,000 mark on Thursday, reaching its lowest level in about 15 months, as a broad risk-off sentiment swept across global financial markets and intensified pressure on digital assets. The world’s largest cryptocurrency slid as low as $69,821 in early New York trading before stabilising slightly, hovering near levels last seen around
Gold prices breached $5,600 per ounce for the first time on Thursday on rising safe-haven demand for the metal. Silver topped $120 per ounce on COMEX as prices continued to skyrocket, hitting a series of record highs. On Thursday, Brent oil futures prices soared, reaching a four-month peak. The March contract of Brent hit $70
Despite a sharp, more than 4% slide on Friday—fueled by rumors of a potentially more hawkish Federal Reserve chair—gold remains on course for its strongest monthly gain since 1980, as geopolitical and economic uncertainties continue to drive investors toward the traditional safe-haven asset. Prices had come under pressure as investors resorted to booking profits after
Gold and silver prices came to a screeching halt on Friday as the precious metals experienced wild swings to the downside. Silver prices on COMEX, which peaked above $120 per ounce earlier this week, fell below $100 on Friday. Meanwhile, gold prices briefly fell below the crucial mark of $5,000 per ounce earlier on Friday,
As if the volatility in commodity markets this week was not enough, gold, silver, and copper experienced free falls on Friday as investors rushed to book profits after prices had hit record highs earlier this week. Gold prices slumped more than 5%, and fell below $5,000 briefly, while silver’s decline was more brutal as the
Gold and silver prices fell further on Monday as the impending increases in CME precious metals margin requirements, set to take effect at the session close, weighed on the market, while investors also focused on the potential interest rate stance of Kevin Warsh, US President Donald Trump’s pick for Fed chair. The gold contract on