Investing in Currencies

NEW YORK - Minetrix, a company specializing in Ethereum-based cloud mining, has successfully raised over $7.5 million, signaling increasing investor confidence in the cryptocurrency sector. This fundraising comes at a time when the market is hopeful for a Bitcoin ETF approval, which is expected to propel Bitcoin's price from its current $44,000 to a potential $50,000.In recent meetings, the Securities and Exchange Commission (SEC) hinted at the possibility of an ETF approval, contributing to a more optimistic market outlook. This optimism persists despite earlier price drops and significant liquidations reported...

By Herbert Lash and Naomi Rovnick NEW YORK/LONDON (Reuters) -Bond prices slid and a gauge of global equity performance closed a tad higher in choppy trading on Friday after a surprisingly strong U.S. labor report increased the odds that the Federal Reserve can engineer a "soft landing" for the economy. U.S. employers hired more workers than expected last month while raising wages at a solid clip, leading markets to initially dial back bets the Fed would start cutting interest rates in March. But a weak report from the Institute for...

The initial week of the year witnessed extraordinary cash inflows into money market funds, setting a record, according to BofA strategists. In the week ending January 3, cash received $123.1 billion, bonds attracted $10.6 billion, and stocks saw $7.6 billion in inflows. Notably, gold experienced an outflow of $800 million during the same period. BofA strategists highlighted the contrasting trends of a contracting ISM, resilient payrolls, strong stocks, and a slowdown in job openings. They add that it is “critical Fed eases H1 to avert corporates cutting jobs and capex...