Money

Cryptocurrencies stage recovery following Bitcoin’s retreat

Published

2 years ago

March 7, 2024

Cryptocurrencies witnessed a strong rebound on Wednesday, reclaiming much of the ground lost during the previous day’s sell-off, triggered by a retreat in bitcoin after hitting a new all-time high.

Bitcoin surged 7.9% to reach $67,273.54, according to Coin Metrics, while ether, the second-largest cryptocurrency, soared over 13% to $3,872.56, marking its highest level since January 2021.

On Tuesday, Bitcoin reached a new intraday record of $69,210, its first since November 2021, before experiencing a sharp pullback shortly after hitting the milestone.

Enclave Markets CEO David Wells described Tuesday’s sell-off as a “bullish sharp correction,” which is typical after reaching a multiyear all-time high. He noted the likelihood of a second test of the highs and emphasized the significance of large options positions in determining future market movements.

CoinGlass reported $100 million in short liquidations and $236 million in long liquidations across centralised exchanges in the previous 24 hours. When traders use leverage to short bitcoin and its price rises, they buy bitcoin back from the market to close their positions, leading to further price increases and liquidations.

Profit taking

David Duong, head of institutional research at Coinbase, highlighted the spot-driven profit-taking initially observed during the sell-off, followed by significant long liquidations that reset the market.

He expressed optimism about the short-term outlook, suggesting that barring a major external shock, another large drop is unlikely.

Money

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

Published

2 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

2 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.

Subscribe to never miss an episode of Ticker – https://www.youtube.com/@weareticker

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

4 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