What Does Lower Bitcoin-Ether Correlation Mean for Investments?
Bitcoin (BTC) and Ether (ETH), the leading cryptocurrencies by market capitalization, have long exhibited a strong price correlation, guiding investor expectations and strategies. However, this relationship is evolving, particularly following Ethereum’s Shanghai Upgrade (Shapella hard fork) in April 2023. This...
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BlackRock Bitcoin ETF Options Shatter Records with $1.9 Billion Traded on Day One
The cryptocurrency and financial markets witnessed a groundbreaking event as options contracts tied to BlackRock’s spot Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust ETF (IBIT), recorded an unprecedented $1.9 billion in trading volume on their first day. This remarkable...
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Annual Inflation in the Euro Area Reaches 2% in October 2024
In October 2024, the annual inflation rate in the Euro Area accelerated to 2%, marking an increase from 1.7% in September. This was the lowest inflation rate recorded since April 2021, but the rise was expected and largely in line...
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Bitcoin ETF Options Trading Begins: A New Era for Crypto Investment
The cryptocurrency market is entering an exciting new phase as options trading on BlackRock’s iShares Bitcoin Trust (IBIT) officially begins today on Nasdaq. Following closely, options for the Bitwise Bitcoin ETF (BITB) will launch on Wednesday, according to Bitwise Invest...
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Euro Area and EU Trade Surpluses Show Strong Growth in September 2024
In September 2024, the Euro Area recorded a notable increase in its trade surplus, which expanded to €12.5 billion, up from €9.8 billion in the same month of 2023. This positive trend exceeded market expectations, which had anticipated a surplus...
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BlackRock Expands its Footprint in Abu Dhabi: A Strategic Move Toward AI and Private Markets
BlackRock, the multinational investment management firm renowned for its pioneering financial products, has secured a commercial license to operate in Abu Dhabi, the capital of the United Arab Emirates. This approval, granted on November 18, 2024, is a significant step...
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Japan’s Machinery Orders Decline for Third Consecutive Month
Japan’s core machinery orders saw a continued decline in September 2024, signaling potential weaknesses in the country’s industrial sector. The orders, which exclude those for ships and electric power companies, dropped by 0.7% month-on-month to 852 billion yen, marking the...
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US Retail Sales Climb in October 2024: A Mixed Performance Across Sectors
In October 2024, U.S. retail sales rose by 0.4% month-over-month, surpassing market forecasts of 0.3%. This marks a steady, albeit slower, growth compared to September’s upwardly revised 0.8% increase. Gains were driven by strong performances in electronics and appliance stores...
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China’s Retail Sales Surge in October 2024: A Bright Spot in Economic Growth
China’s retail sales soared by 4.8% year-over-year in October 2024, marking the fastest growth since February and significantly outpacing the 3.2% increase in September. This impressive uptick exceeded market expectations of 3.8% and was fueled by a perfect storm of...
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UK Economy Contracts in September 2024: A Setback for Growth
In an unexpected turn, the British economy contracted by 0.1% month-over-month in September 2024, marking its first decline in five months. This was a sharp contrast to the 0.2% rise in August and significantly below forecasts of a 0.2% expansion....
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