Bitcoin jumps above $73K amid whale buying
Bitcoin surged past $73,000 on Thursday, reaching its highest level in a month after gaining more than $10,000 since its sharp decline following US-Iran military strikes over the weekend.
Bitcoin surged past $73,000 on Thursday, reaching its highest level in a month after gaining more than $10,000 since its sharp decline following US-Iran military strikes over the weekend.
Morgan Stanley has named Coinbase and BNY Mellon to play major roles in the custody and administration of its proposed spot bitcoin exchange-traded fund according to an amended filing submitted to the United States Securities and Exchange Commission.
Security researchers have identified a powerful iPhone hacking toolkit capable of infecting devices simply when users visit malicious websites.
Stablecoin infrastructure company Cyclops has secured $8 million in fresh funding to expand its enterprise payments platform.
Bitcoin climbed above $72,000 during early trading hours, marking its highest level in roughly one month as markets reacted to institutional flows and easing geopolitical fears.
"We're watching very closely to see if there's been a little bit too much aggression, frothiness," Goldman Sachs Chair and CEO David Solomon says when asked about credit markets during an interview with Haidi Stroud-Watts on "Bloomberg: The Asia Trade."
Steve Moore, Co-Founder of Unleash Prosperity and former Trump Economic Advisor, joins Bloomberg Businessweek Daily to discuss market and inflation expectations as the US continues its military actions in Iran and the surrounding region. Moore weighs in on comments from Minneapolis Fed President Neel Kashkari, who says it's too soon to tell about inflation or rate path expectations due to questions about the duration of the Iran conflict. Moore also discusses President Trump's economic policy, Wednesday's ISM manufacturing and jobs data, and more. He speaks with Carol Massar and Tim Stenovec.
As US stocks began paring back their deepest losses on Tuesday, it looked as if traders were once again starting to bet that President Donald Trump would find a way to contain the fallout from another crisis of his own making. But Wall Street strategists are warning against relying on a so-called Trump put when it comes to the Iran war. The US-Israeli attack on Iran has destabilized the Middle East and threatens to deliver a new inflationary shock to the US economy by pushing up oil prices. There's also no clear sense of when or how it will end, raising the prospect of prolonged conflict and unforeseen consequences beyond the White House's control. Alli McCartney, Managing Director of Wealth Management with Alignment Partners at UBS, joins Bloomberg Businessweek Daily to discuss. She speaks with Carol Massar and Tim Stenovec.
Romaine Bostick and Katie Greifeld dive in on how Gen Z spending has helped revitalize the Coach brand.
Bloomberg's David Carnevali speaks with Dani Burger on the sidelines of Bloomberg Invest.
Bloomberg's Michelle Davis speaks with Dani Burger on the sidelines of Bloomberg Invest.
"These are good numbers," Gil Luria, head of technology research at D.A. Davidson, says about Broadcom's first-quarter earnings and revenue guidance. He speaks on "Bloomberg The Close."
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