Money

Bitcoin passes $50k milestone for first time in two years

Published

2 years ago

February 13, 2024

Bitcoin has surged past the $50,000 mark for the first time in over two years, fueled by anticipation of potential interest rate cuts.

The world’s largest cryptocurrency has witnessed a remarkable 16.3% surge since the beginning of the year, reaching its highest point since December 27, 2021.

As of 12:56 p.m. EST (1756 GMT), Bitcoin was trading at $49,899, marking a 4.96% increase for the day.

According to Antoni Trenchev, co-founder of crypto lending platform Nexo, the $50,000 milestone is particularly significant following the launch of spot ETFs last month, which initially failed to push Bitcoin above this key psychological level and even triggered a 20% sell-off.

Positive sentiment

The positive sentiment surrounding Bitcoin has also spilled over to crypto-related stocks, with industry players like Coinbase, Riot Platforms, Marathon Digital, and MicroStrategy witnessing notable gains on Monday.

Meanwhile, the price of Ether, the second-largest cryptocurrency, has also seen an uptick, rising by 4.12% to reach $2,607.57.

The recent surge in Bitcoin’s price can be attributed primarily to the increased inflow into BTC spot ETFs, according to Matteo Greco, a research analyst at fintech investment firm Fineqia International.

The approval of the first U.S. spot Bitcoin ETFs by the U.S. securities regulator in January has been a significant development for the cryptocurrency industry, attracting substantial investor interest.

Net inflow

Greco highlighted a slowdown in outflows from Grayscale Investment’s Grayscale Bitcoin Trust following the approval of its conversion to an ETF, coupled with a significant net inflow of about $1.2 billion into BTC spot ETFs last week, the highest since their launch.

Analysts predict that flows into these new ETFs could reach significant levels, with estimates ranging from $10 billion to $100 billion in 2024 alone.

The market is also eagerly awaiting decisions from the U.S. Securities and Exchange Commission on pending applications for ETFs tied to the spot price of Ether, with expectations for several approvals by May.

Money

Commodities surge as oil volatility and metals hit record highs

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Published

21 hours ago

January 16, 2026

Harvey Vargas

Oil prices fluctuate due to geopolitical tensions; precious metals soar amid inflation concerns, sparking a commodities rally.

Global commodities are on the move, with oil prices swinging sharply as geopolitical tensions involving Iran fuel uncertainty across energy markets. Traders are closely watching supply risks and political flashpoints, driving short-term volatility.

Precious metals are stealing the spotlight, pushing to record highs as investors seek safety amid inflation concerns, interest-rate uncertainty and rising global risk. At the same time, industrial metals are surging, supported by demand expectations and tightening supply.

To unpack what this means for markets and investors, we’re joined by Kyle Rodda from Capital.com to break down the key drivers behind this powerful commodities rally.

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#Commodities #OilPrices #Gold #Metals #MarketVolatility #Geopolitics #Investing #TickerNews

Money

Stocks slide and Trump cancels talks: What’s next for markets and Greenland?

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

Published

2 days ago

January 15, 2026

Harvey Vargas

U.S. stocks dip; S&P 500 down 0.9%, as investors react to weak bank earnings and market volatility.

U.S. stocks fell for a second day on Wednesday, with the S&P 500 dropping 0.9% and the Dow Jones losing 164 points. Investors are reassessing record-high levels as major banks report weaker-than-expected earnings.

Wells Fargo shares tumbled more than 5% after disappointing revenue results, while Bank of America is down roughly 7% week to date. Citigroup and Wells Fargo have both seen declines of about 8%, highlighting volatility in the banking sector.

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#StockMarket #SP500 #DowJones #BankEarnings #TrumpNews #Iran #Greenland #Geopolitics

Money

U.S. budget deficit falls to $1.67 trillion

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

Published

2 days ago

January 15, 2026

Harvey Vargas

US budget deficit falls to $1.67 trillion amid tariffs; implications of corporate taxes and Supreme Court rulings discussed.

The US budget deficit has dropped to $1.67 trillion in 2025, the lowest in three years, driven by record customs revenue from President Donald Trump’s tariffs. While this marks a positive shift for the economy, challenges loom with potential Supreme Court rulings on tariffs and falling corporate tax receipts.

David Scutt from StoneX explains the key factors behind the decline in the deficit and what December’s figures reveal about the overall fiscal health of the US.

We also explore the potential implications of upcoming Supreme Court decisions and how the One Big Beautiful Bill Act could impact future deficits. Stay informed on what these changes mean for the economy and markets.

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#USBudget #DeficitUpdate #TrumpTariffs #FiscalPolicy #Economy2025 #SupremeCourtImpact #CorporateTaxes #FinancialNews