A recently published report from Matricport suggests that the flagship cryptocurrency Bitcoin is now in its fifth bull cycle, and notably includes a BTC price prediction targeting $125,000 by the end of next year. Matrixport’s latest report details that the cryptocurrency has so far been through four bull market cycle, each driven by a new narrative. The first one came […]

French drug major Sanofi reported Friday higher profit in its third quarter, while sales declined. Further, the company reiterated fiscal 2023 business earnings view. Separately, Sanofi said it plans to separate the Consumer Healthcare Business with a view to focus on Biopharma business. The company announced further steps to improve its cost structure, launching efficiency initiatives across the Biopharma business, […]

The price of the flagship cryptocurrency Bitcoin ($BTC) could hit $45,000 next month as it continues steadily rising, according to a popular cryptocurrency analyst who used Fibonacci retracement levels to determine the potential rise of the cryptocurrency. In a thread posted on the popular microblogging platform X (formerly known as Twitter). Analyst CryptoCon told their over 57,000 followers that Bitcoin […]

Bitcoin has experienced a remarkable rally, surging by approximately 30% in the past month. The most notable price spikes occurred in the last two weeks, driven by growing enthusiasm surrounding Bitcoin spot ETFs and significant regulatory developments, including pivotal rulings in the SEC vs. Ripple lawsuit. On Wednesday, Bitcoin breached the $35,000 mark, a level not seen since May 2022. […]

Shares of financial services company Tradeweb Markets Inc. (TW) are rising more than 5% Thursday morning after reporting third quarter results, better than last year’s. Net income in the third quarter increased to $98.61 million or $0.46 per share from $69.08 million or $0.33 per share in the same quarter a year ago. Excluding one-time items, earnings were $130.79 million […]

Cryptocurrencies shed more than a percent in the past 24 hours after a mega rally a day earlier that lifted Bitcoin to one and a half-year high. Hopes of massive institutional funding into the crypto space had gained momentum in the past weeks as several asset managers lined up with applications for Bitcoin Spot ETFs. Hopes of an imminent regulatory […]

Bitcoin recently broke above $35,000, fueled by investor optimism that spot-price Bitcoin exchange-traded funds (ETFs) are on the way. According to estimates from Galaxy Digital, spot ETFs for the largest cryptocurrency could attract $14.4 billion in inflows during the first year of issuance. How Spot Bitcoin ETFs May Elevate BTC Price By 74% After Launch Crypto investment firm Galaxy Digital’s […]

Shares of solar energy solutions provider SolarEdge Technologies, Inc. (SEDG) are falling more than 25% Friday morning after the company slashed its third-quarter outlook. Third quarter revenue is now expected to be in the range of $720 million-$730 million, down from the previous outlook of $880 million – $920 million. The consensus estimate of analysts polled by Thomson-Reuters stands at […]

During an interview with CNBC’s “Squawk Box” on September 1, former SEC Chair Jay Clayton acknowledged that regulating crypto is a challenging task. He pointed out that when crypto first entered retail markets, many people used it to develop products that were not compliant with U.S. securities laws and that the SEC had to intervene to regulate these offerings. Now, […]