Economy

Bitcoin price continues to compress in a narrow range near $25,700

Logo Kitco NEWSKitco NEWS
2023-09-05 20:59:09  • 3 mins

(Kitco News) - The crypto market started the week flat following the long holiday weekend as the Securities and Exchange Commission’s (SEC) decision to delay ruling on seven separate spot Bitcoin (BTC) exchange-traded funds (ETF) led to a plunge in momentum, leaving traders with little to be excited about in the near future.

Stocks trended lower after the latest economic data from China showed that the world’s second-largest economy continues to struggle, with the country’s services activity in August falling to its lowest level in eight months. At the market close, the S&P, Dow, and Nasdaq all finished lower, down 0.42%, 0.56%, and 0.08%, respectively.

Data provided by TradingView shows that Bitcoin’s price continues to compress, trading in a narrow range between $25,555 and $25,888 on Tuesday, prompting analysts to warn that a breakout is imminent, though which direction is a matter of intense debate.

BTC/USD Chart by TradingView

Continue read on kitco.com

Economy
Bitcoin October 4 daily chart alert - The trend is the bulls' friend
( Kitco News ) - Wednesday, October 4-- October Bitcoin futures prices are higher in early U.S. trading Wednesday. Prices hit a six-week high on Monday. The...
Logo Kitco NEWSKitco NEWS
2023-10-04 12:13:42  • 1 min
Business / Finance
3 Cryptocurrencies That Are Down 58% To 91% And Ready to Pop
The crypto market hit a brick wall in November 2021. Cryptocurrencies that had soared over the previous two years saw their price charts turn south in a...
Logo NasdaqNasdaq
2023-10-04 18:19:00  • 1 min
Economy
Golds Value May Dip, Bitcoin Surges Amid Robust Us Economic Data
The US labor market report, due to be released soon, could potentially influence the price of Gold, possibly causing it to bottom out around $1,820. This...
Logo Investing.comInvesting.com
2023-10-04 20:30:43  • 1 min
Business / Finance
Retail Investors Buying Fixed Income ETFs on the Dip
Despite a down Q3, retail investors continue piling into fixed income ETFs, both long and short-duration. They dont seem too fazed by the recent hawkishness...
Logo NasdaqNasdaq
2023-10-04 09:27:31  • 1 min
Business / Finance
Daily Markets: Keep Eye on Treasuries After Data Comes In
Todays Big Picture Asia-Pacific equity markets finished the day down across the board, except for Chinese markets, which remain closed until Friday as the...
Logo NasdaqNasdaq
2023-10-04 11:33:28  • 2 mins
Economy
U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major...
Logo RTTNewsRTTNews
2023-10-04 20:10:47  • 1 min
Business / Finance
Stocks Tread Water Before the Open as U.S. ADP Jobs Report Looms
December S&P 500 futures ( ESZ23 ) are down -0.03%, and December Nasdaq 100 E-Mini futures ( NQZ23 ) are down -0.07% this morning as Treasury yields...
Logo NasdaqNasdaq
2023-10-04 10:12:21  • 1 min
Technology
Cryptocurrency Ether ETFs: Will October be a Pivotal Month?
The year 2023 has been great for cryptocurrencies. Valkyrie Bitcoin Miners ETF WGMI, which provides exposure to the bitcoin mining industry, has gained about...
Logo NasdaqNasdaq
2023-10-04 12:00:00  • 1 min
Business / Finance
Bargain Hunting May Boost Taiwan Stock Market
(RTTNews) - The Taiwan stock market has tracked lower in two straight sessions, stumbling more than 275 points or 1.6 percent along the way. The Taiwan Stock...
Logo NasdaqNasdaq
2023-10-05 00:30:13  • 2 mins
Economy
U.S. Stocks Move Higher As Treasury Yields Move Back To The Downside
Stocks showed a lack of direction in early trading on Wednesday but have moved mostly higher over the course of the session. The tech-heavy Nasdaq has shown...
Logo RTTNewsRTTNews
2023-10-04 18:01:52  • 1 min
Business / Finance
Financial Sector Update for 10/04/2023: UPST, UBS, C
Financial stocks were advancing in Wednesday afternoon trading, with the NYSE Financial Index rising 0.2% and the Financial Select Sector SPDR Fund (XLF)...
Logo NasdaqNasdaq
2023-10-04 17:42:42  • 1 min
Economy
Latest market-sensitive news and views - Oct. 4
McCarthy Gets the Boot, First Such Ouster in U.S. History. Now What? House GOP chaos will slow work on appropriations, other issues Today's Digital Newspaper...
Logo Kitco NEWSKitco NEWS
2023-10-04 17:52:54  • 1 min
Business / Finance
Stocks Climb Before the Open as U.S. ADP Jobs Report Looms
December S&P 500 futures ( ESZ23 ) are up +0.18%, and December Nasdaq 100 E-Mini futures ( NQZ23 ) are up +0.21% this morning as Treasury yields...
Logo NasdaqNasdaq
2023-10-04 12:25:42  • 1 min
Technology
ETF Asset Report of Q3
The third-quarter was a downbeat period for investors, mainly due to rising rates. A cooling U.S. economy, falling consumer confidence, a real estate crisis...
Logo NasdaqNasdaq
2023-10-04 14:00:00  • 2 mins
Business / Finance
Asian Shares Retreat On Fed Rate Uncertainty
(RTTNews) - Asian stocks succumbed to selling pressure on Wednesday as signs of a strong U.S. job market added to fears that high interest rates could weigh...
Logo NasdaqNasdaq
2023-10-04 08:40:01  • 1 min
Business / Finance
Stocks Mixed as Bond Rout Eases
What you need to know TheS&P 500 Index ( $SPX ) ( SPY ) today is down -0.11%,theDow Jones Industrials Index ( $DOWI )( DIA ) is down -0.29%, and...
Logo NasdaqNasdaq
2023-10-04 15:16:09  • 1 min
Business / Finance
Markets Today: Stocks Rebound as Bond Yields Fall on a Weak ADP Report
Morning Markets December E-Mini S&P 500 futures ( ESZ2 3) are up +0.24%, and the Dec Nasdaq 100 E-Mini futures ( NQZ2 3) are up +0.38%. Stock index...
Logo NasdaqNasdaq
2023-10-04 12:42:26  • 2 mins
Economy
CNBC Daily Open: High rates are breaking something new in markets
In this article.VIX MSFT NVDA Follow your favorite stocksCREATE FREE ACCOUNT Traders work on the floor of the New York Stock Exchange during afternoon...
Logo CNBCCNBC
2023-10-04 06:02:11  • 1 min
Business / Finance
Stocks Little Changed Before the Open as Bond Yields Stabilize, U.S. ADP Jobs Report in Focus
December S&P 500 futures ( ESZ23 ) are down -0.03%, and December Nasdaq 100 E-Mini futures ( NQZ23 ) are down -0.07% this morning as Treasury yields...
Logo NasdaqNasdaq
2023-10-04 09:56:40  • 1 min
Economy
Gold price near steady as bulls try to stabilize market
( Kitco News ) - Gold and silver prices are near steady in early U.S. trading Wednesday, but not far above this week's multi-month lows. The precious metals...
Logo Kitco NEWSKitco NEWS
2023-10-04 11:47:27  • 1 min
05 Oct, 2023 >
Hong Kong stocks gain as JD.com, Longfor signal 5-week sell-off is overdone
Oct 05, 2023  | 5:21
Scherzer encouraged after throwing 'pain-free' bullpen session - ESPN
Oct 05, 2023  | 5:19
John Herdman gets firsthand look at massive repair job he faces at Toronto FC
Oct 05, 2023  | 5:14
Barclays analysts foresee challenging times ahead for global bonds
Oct 05, 2023  | 5:11
World >
India Canada tensions: Hip-hop stars hit by row over Sikh separatism
Oct 05, 2023  | 2:01
Europe migrant crisis: Sunak to urge 'Europe-wide solutions' at summit in Granada
Oct 05, 2023  | 2:51
Eighth man charged over Cork boat cocaine seizure
Oct 05, 2023  | 2:49
AI: Voice cloning tech emerges in Sudan civil war
Oct 05, 2023  | 4:12
Business >
Japan's Fujitsu, Riken develop second quantum computer
Oct 05, 2023  | 5:01
Sri Lanka central bank cuts policy rates to boost growth
Oct 05, 2023  | 5:05
Hong Kong stocks gain as JD.com, Longfor signal 5-week sell-off is overdone
Oct 05, 2023  | 5:21
Barclays analysts foresee challenging times ahead for global bonds
Oct 05, 2023  | 5:11
Politics >
Trump campaign says he raised more than $45 million in 3rd quarter, far surpassing DeSantis
Oct 05, 2023  | 4:44
Biden's dog Commander no longer at White House after biting incidents
Oct 05, 2023  | 4:54
All change: do Rishi Sunaks new policies add up?
Oct 05, 2023  | 5:00
3 Philadelphia Officers Injured in Shooting After Dispute About Video Game, Police Say. Suspect Dead
Oct 05, 2023  | 4:49
Health >
The British public were 'confused' by frequent changes to Covid rules, guidance and messaging,...
Oct 05, 2023  | 2:18
GPs should quiz patients on their gambling habits in the same way they ask about drugs, smoking or...
Oct 05, 2023  | 2:21
Food Industry Influence Could Cloud the U.S. Dietary Guidelines, a New Report Says
Oct 05, 2023  | 3:02
Health guidance urges doctors to ask about patients about gambling
Oct 05, 2023  | 3:17
Entertainment >
A Spike Lee Joint via Movie Posters and Sports Jerseys
Oct 04, 2023  | 22:51
When Did You Watch Your First Scary Movie? We Want to Know.
Oct 04, 2023  | 23:52
Saturday Night Live Returns with Pete Davidson, Ice Spice
Oct 05, 2023  | 1:11
Judge Appoints a Conservator to Oversee Affairs of Former Supreme
Oct 05, 2023  | 1:33
Science >
Dozens of Amazon River Dolphins Found Dead in Brazil
Oct 04, 2023  | 17:07
Young farmer in running for prestigious award
Oct 04, 2023  | 18:03
Godwit stuns experts with four-day round trip to Norfolk
Oct 04, 2023  | 18:05
Stage that once hosted William Shakespeare found, claims Norfolk theatre
Oct 05, 2023  | 3:20
Lifestyle >
Marry Me Chicken
Oct 04, 2023  | 18:00
Shichimi Togarashi Makes Everything Taste Better
Oct 04, 2023  | 22:52
What to Know About Bedbugs While Traveling, and How to Avoid Them
Oct 04, 2023  | 22:57
Georgia Dullea, 90, Dies; Reporter Chronicled a Changing Society
Oct 04, 2023  | 23:07
Auto >
Biden Heads to UAW Picket Line in Michigan
Sep 26, 2023  | 12:02
A Changing Auto Industry, but Still Good Stories in Detroit
Sep 29, 2023  | 10:00
Yuki Tsunoda: The Potty-Mouthed Japanese F1 Racer Who Became a Cult Star
Sep 28, 2023  | 9:40
Tesla Sales Slip as It Readies Factories for New Models
Oct 02, 2023  | 16:11
Environment >
Flood Threats Are Rising. Heres Where People Are Moving Into Harms Way.
Oct 04, 2023  | 18:00
Antarctica Sea Ice Hits Annual Peak, a Record Low
Oct 04, 2023  | 21:54
High Fall Temperatures to Drop, With Cold and Frost Forecast in Eastern U.S.
Oct 05, 2023  | 1:00
Climate Change Is a Key Obstacle for New York Citys Transit System
Oct 05, 2023  | 1:38
Travel >
United Airlines Will Buy 110 Planes From Airbus and Boeing
Oct 03, 2023  | 23:00
Great Fall Routes for Gravel Biking
Oct 04, 2023  | 12:00
Read Your Way Through Missoula
Oct 04, 2023  | 12:00
Our Vacation Destination Has a Poor Human Rights Record. Should We Go?
Oct 04, 2023  | 19:03
Sports >
Player Faints Immediately After Scoring a Spectacular Goal
Oct 05, 2023  | 5:09
Forgotten Socceroo Massimo Luongo earns international recall to play England at Wembley after...
Oct 05, 2023  | 5:10
John Herdman gets firsthand look at massive repair job he faces at Toronto FC
Oct 05, 2023  | 5:14
Scherzer encouraged after throwing 'pain-free' bullpen session - ESPN
Oct 05, 2023  | 5:19
Education >
NYC Schools Began to Recover From the Pandemic. Now a New Crisis Looms
Oct 02, 2023  | 21:17
Anthropology Conference Drops a Panel Defending Sex as Binary
Oct 02, 2023  | 21:21
Opinion | In America, Not Having a College Degree Can Take Years Off Your Life
Oct 03, 2023  | 12:01
Morgan State University: Multiple People Shot
Oct 04, 2023  | 6:42
Press Release >
John Herdman gets firsthand look at massive repair job he faces at Toronto FC
Oct 05, 2023  | 5:14
Scherzer encouraged after throwing 'pain-free' bullpen session - ESPN
Oct 05, 2023  | 5:19
Hong Kong stocks gain as JD.com, Longfor signal 5-week sell-off is overdone
Oct 05, 2023  | 5:21
Barclays analysts foresee challenging times ahead for global bonds
Oct 05, 2023  | 5:11