Investing in Currencies

Investing in Currencies

Bitcoin struggles to hold $40k support level after ETF-induced rally fades

The cryptocurrency is facing a challenging period as it strives to maintain stability above the critical $40,000 support level. After a surge in value following the approval of a Bitcoin exchange-traded fund (ETF), the digital currency has seen its gains diminish, with its price currently standing at $41,743. This represents a slight decrease on the day and a more significant drop over the past week.Investors and market spectators are paying close attention to Bitcoin's performance, particularly as it hovers near this pivotal price point. The initial enthusiasm that emerged with...
Investing in Currencies

Bitcoin leads crypto market to $1.6 trillion amid institutional interest

The cryptocurrency sector has experienced a significant resurgence, with spearheading a robust recovery that has seen its value soar by 150%. This rally has propelled the total market capitalization of cryptocurrencies to surpass $1.6 trillion. The surge in Bitcoin's value has been accompanied by substantial gains in other major digital currencies, including Ether and solana.The renewed vigor within the crypto market is partly attributed to growing interest from mainstream financial institutions. BlackRock (NYSE:), one of the largest asset managers globally, has shown a keen interest in cryptocurrencies, signaling a broader...
Investing in Currencies

Venus Concept secures $2 million in convertible notes

TORONTO - Venus Concept Inc. (NASDAQ: NASDAQ:), a global leader in medical aesthetic technology, announced the issuance of secured convertible notes totaling $2M to EW Healthcare Partners and its affiliate. The financing, revealed on Friday, is aimed at bolstering the company's financial position and supporting its strategic goals.The notes, maturing on December 9, 2025, carry an interest rate tied to the 90-day Adjusted SOFR plus 8.5%, payable quarterly. They can be converted into common stock at $1.251 per share, with adjustments possible under certain conditions. A mandatory redemption clause is...
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