XRP breaks resistance amid 200% trading volume jump
XRP (CRYPTO:XRP) surpassed the key US$1.14 resistance level in recent trading sessions, marking a significant technical milestone after weeks of being capped below that threshold.
XRP (CRYPTO:XRP) surpassed the key US$1.14 resistance level in recent trading sessions, marking a significant technical milestone after weeks of being capped below that threshold.
Julian Emanuel, Evercore ISI chief equity and quantitative strategist, doesn't believe the Federal Reserve will move on interest rates this year. Emanuel is maintaining his S&P 500 year-end price target of 7,750 even though stocks have become more volatile. He speaks on "Bloomberg Surveillance."
President Donald Trump lands in Ankara, Turkey for the NATO summit where he will start the day visiting with Turkish President Recep Tayyip Erdogan. Bloomberg's Annmarie Hordern is on the ground with the latest.
The Trump administration's proposed Strategic Bitcoin Reserve has encountered an internal obstacle, with two federal departments competing for oversight of the initiative amid unresolved questions over legal authority, according to a Bloomberg report.
Latvian Foreign Minister Baiba Braze tells Bloomberg Television Russia is attempting "all types of provocations" as the war in Ukraine continues. Braze speaks with Bloomberg's Oliver Crook on the sidelines of the NATO Summit in Ankara, Turkey.
Bitcoin (CRYPTO:BTC) rebounded more than 8% to above US$64,000, but the recovery is facing pressure as Japan's 10-year government bond yield climbed to a 30-year high of 2.85%.
American Graduate School of Paris professor Douglas Yates discusses the possible outcomes of Marine Le Pen's appeal trial and implications for the next French presidential elections. He spoke with Bloomberg's Caroline Connan in Paris.
Ripple Chief Legal Officer Stuart Alderoty said cryptocurrency has become a major public policy issue in the United States.
Laura Cooper, global investment strategist and macro credit head at Nuveen, discusses the outlook for equity markets and why she sees the potential for a rotation back into hyperscalers. "Valuations have come off, we're now seeing revenue growth have a slight upturn going forward, and we've seen several weeks of consecutive outflows," Cooper tells Bloomberg Television.
Bitcoin (CRYPTO:BTC) is approaching two separate August fork events, with the proposed BIP-110 soft fork and eCash hard fork following different activation paths.
Bitcoin (CRYPTO:BTC) recovered toward US$63,000 after Strategy (NASDAQ:MSTR) sold 3,588 BTC for dividend funding, prompting Bitwise Chief Executive Officer Hunter Horsley to say the cryptocurrency "wants to be higher."
SpaceX (NASDAQ:SPACEX) will join the Nasdaq-100 before the market opens on July 7, with JPMorgan estimating that passive index funds will buy about US$4.3 billion worth of shares as they rebalance their portfolios.