The Indian stock market faced a downturn, with the Nifty 50 index dropping 236 points to close at 23,961, marking its fourth consecutive decline. Sumeet Bagadia from Choice Broking noted that the market bias has weakened significantly, with crucial support at the 200-DEMA level of 23,800. He advised a stock-specific approach for intraday trading, as the market may remain sideways to negative until it surpasses the 24,000 mark decisively.
UBS's unit has agreed to pay $3.5 million to settle claims related to preferred stock brought by FINRA. This resolution addresses allegations concerning the handling of preferred stock transactions, marking a significant financial commitment by the firm.
UBS's unit has agreed to pay $3.5 million to settle claims related to preferred stock brought by FINRA. This resolution addresses allegations concerning the handling of preferred stock transactions, marking a significant financial commitment by the firm.
Solana's DApp ecosystem achieved a record $365 million in revenue in November 2024, driven by memecoins and decentralized finance (DeFi). Notably, Pump.fun, a memecoin launchpad, generated $106 million but faced backlash over community behavior, leading to a 66% drop in weekly revenue. DeFi applications and infrastructure protocols also contributed significantly, with Raydium earning $32 million and Jupiter's Swap API generating $153 million in fees this year, highlighting Solana's resilience and growing dominance in the blockchain space.
The Santa Claus rally presents a promising opportunity for Australian markets, particularly benefiting the financial, commodity, technology, and energy sectors. Key players like Commonwealth Bank, Northern Star Resources, and Xero are poised to capitalize on increased consumer spending and positive market sentiment during the holiday season. Additionally, Afterpay's growth potential is bolstered by its recent acquisition and the popularity of its Buy Now, Pay Later model amid festive spending.
IG
Bitcoin's price recently fluctuated, dropping below $99,000 before rebounding to $104,000, settling at $100,573, marking a 3.4% decrease in a day. Exchange transaction volumes have hit record lows, indicating reduced trading activity, while a significant support zone has formed just below $100,000, with over 1.45 million BTC accumulated at an average price of $97,500. Analysts suggest that maintaining this support level is crucial for price stability, with potential for recovery if it holds, while a breach could lead to further declines.
21shares has registered a Polkadot trust in Delaware, signaling preparations for a potential DOT-indexed exchange-traded fund (ETF). This move is part of a broader trend, with analysts anticipating a wave of new ETFs in the market.
A prominent crypto trader predicts Ethereum (ETH) could soar to five digits by 2025 if it breaks its all-time high of $4,878. Using Fibonacci extension levels, he suggests a base target of $7,300, potentially reaching $14,600 if Bitcoin hits $200,000, as profits may rotate into ETH. Currently, ETH is trading at $3,686, while Bitcoin is at $101,143.
Dogecoin's price rally is predicted to peak at $0.8, as it faces selling pressure and competition from emerging altcoins. PropiChain, a DOGE rival, is gaining traction with its real estate tokenization and AI-driven features, aiming for a price surge to $1, offering significant ROI potential for investors. The PropiChain presale is rapidly selling out, highlighting its growing popularity and innovative approach in the crypto market.
Ken Fisher emphasizes that the stock market serves as a predictor of future events. His insights suggest that market trends can provide valuable foresight into economic conditions. All market data is subject to a 20-minute delay.
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