Bitcoin has suffered significant losses in recent days. April was its weakest month since November 2022, when the FTX scandal rocked the market, and May has also started off on a disappointing note. Some market observers interpret this downturn as a warning sign for the broader market. Recent positive developments such as the U.S. approval of the first spot ETFs and the anticipation of the halving have lost their luster, replaced by macroeconomic concerns surrounding…
"Bitcoin’s Steep Decline: Just the Beginning?"Category: Markets
U.S. oil prices reached a three-month high on Monday following a drone strike on a U.S. base at the Jordan-Syria border, allegedly carried out by an Iran-backed militia. The incident led to the death of U.S. service members. Concurrently, Exxon Mobil (XOM) and Chevron (CVX) were gearing up for their Q4 2023 earnings reports, influencing market dynamics. West Texas Intermediate (WTI) oil prices, after a 6% surge last week, fell below $78 per barrel on…
"Oil Hovers at Critical Level Amid Attack Reports and Anticipation of Major Oil Company Earnings"