Money

Bitcoin rises above $96,000, eyes $100,000 milestone

Bitcoin rebounds above $96,000; eyes $100,000, bolstered by investor optimism despite broader market decline. Ether also rises.

Published

1 year ago

November 28, 2024

ticker NEWS

Bitcoin has rebounded above $96,000, recovering from recent declines.

The cryptocurrency rose 5% to $95,886.00, while ether increased over 8% to $3,591.33.

The CoinDesk 20 index for the broader crypto market also saw a 5% gain.

Typically, bitcoin trades alongside the stock market, but on Wednesday it diverged from the Nasdaq Composite, which fell 1%. The Dow Jones and S&P 500 similarly experienced drops.

Crypto benefits

Leading cryptocurrency stocks benefited from bitcoin’s rise. Coinbase was up over 5%, Robinhood gained 4%, and MicroStrategy advanced 10%.

Bitcoin has consistently set new records since the November 5 presidential election, increasing about 38% since then. It reached nearly $100,000 before testing the $90,000 support.

Alex Thorn from Galaxy Digital indicated that the bitcoin bull market remains strong, acknowledging potential corrections.

He signaled the role of institutional and corporate adoption, along with favorable conditions under the upcoming administration.

Katie Stockton from Fairlead Strategies noted that bitcoin investors are in unprecedented territory, with no clear resistance levels above. Current support is about $74,000, following bitcoin’s record of $92,000 on November 13.

Money

U.S. dollar weakens while Australian dollar rises amid global market shifts

Published

3 days ago

January 30, 2026

Harvey Vargas

US dollar weakens as Trump comments; Australian dollar gains from commodity prices and RBA rate hike expectations

The US dollar is coming under pressure as the economy remains strong and President Trump comments on its decline. We explore how this is impacting major currencies around the world and what it means for investors.

Meanwhile, the Australian dollar is benefiting from rising commodity prices and growing expectations of an RBA rate hike. Global investors are increasingly drawn to Australia’s bond market as economic conditions shift.

Currency trading strategies are adapting to this changing landscape, with potential implications for interest rates and international markets. Steve Gopalan from SkandaFX breaks down the trends.

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#USDDollar #AustralianDollar #ForexTrading #RBA #InterestRates #GlobalEconomy #CurrencyMarket #Ticker

Money

Wall Street slides as AI spending raises investor concerns

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives. Tune in for insights!

Published

3 days ago

January 30, 2026

Harvey Vargas

Wall Street dips as AI spending scrutiny rises; Microsoft struggles while Meta thrives.

Wall Street closed lower on Thursday, with the Nasdaq leading losses as investors questioned whether Big Tech’s massive AI spending will pay off. Microsoft shares tumbled after revealing record AI infrastructure costs, while Meta rallied on strong earnings and a bullish outlook.

Kyle Rodda from Capital.com joins us to explain what spooked markets, which tech names are holding up, and whether AI budgets are getting too big.

We also discuss rate expectations, macro risks, and what to watch in the upcoming earnings season.

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Money

Tesla brand value plummets amid Elon Musk’s political focus

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Published

5 days ago

January 28, 2026

Harvey Vargas

Tesla’s brand value plummeted to $27.61 billion in 2025 amid Musk’s political shift, sparking investor concern.

Tesla’s brand value plummeted by $15.4 billion in 2025, falling to $27.61 billion from $66.2 billion in early 2023. Analysts say Elon Musk’s political focus and a slowdown in new models have distracted the company’s core business.

In the U.S., Tesla’s recommendation score sank to just 4 out of 10, down from 8.2 in 2023. Despite this, loyalty among existing owners remains high at 92 per cent, showing a strong but shrinking fan base.

#TeslaNews #ElonMusk #BrandValue