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JPMorgan predicts S&P 500 will hit 6,500 by 2025, driven by AI and deregulation
JPMorgan forecasts the S&P 500 will surge to 6,500 by 2025. Dubravko Lakos-Bujas, the bank’s top strategist, credits artificial intelligence, economic resilience, and deregulation for this bullish outlook. This target represents an 8% rise from current levels, driven by AI-related spending and a business-friendly environment. AI and deregulation lead the charge Lakos-Bujas points to the […]Cryptopolitan
Nov 27, 2024
Federal Reserve key inflation gauge hits 2.3%, aligns with projections
The Federal Reserve’s go-to inflation measure, the personal consumption expenditures (PCE) price index, rose 2.3% year-over-year in October, perfectly aligning with market expectations. Monthly inflation ticked up by 0.2%, based on data released Wednesday by the Bureau of Economic Analysis (BEA). Despite hitting forecasts, these numbers reflect inflation’s refusal to bow to the Fed’s 2% […]Cryptopolitan
Nov 27, 2024
Trump is considering pro-crypto Paul Atkins to run SEC
Long-time financial regulator Paul Atkins has been interviewed for the U.S. Securities and Exchange Commission (SEC) chair by President-elect Donald Trump’s transition team. According to a Bloomberg report, those acquainted with the process said Atkins is a strong candidate to succeed Gary Gensler, SEC Chair. No final decision has yet been made, these sources who […]Cryptopolitan
Nov 27, 2024
Ripple invests in Bitwise’s rebranded Physical XRP ETF
Ripple, the blockchain giant, is backing Bitwise Asset Management’s revamped Physical XRP ETP, now trading under the ticker GXRP. The rebranding is part of Bitwise’s overhaul of its European product line following its August acquisition of the ETC Group. This physically backed exchange-traded product offers European investors direct access to XRP. It was originally launched […]Cryptopolitan
Nov 27, 2024
New Cryptocurrency 1900Rugrat Challenges CHILLGUY & PNUT Recent Price Action With Upcoming Listings
The competition in the meme coin market has reached new heights with the introduction of Rugrat (RUGRAT). Positioned as the next big disruptor, Rugrat (RUGRAT) is directly challengBitcoinist
Nov 27, 2024
Stablecoins market cap sees 14-month consecutive increase to 2-year high of $190 billion
The market cap for stablecoins surged 9.94% in November, according to CCData report. This marks the fourteenth consecutive monthly increase in the stablecoin market cap and the highest month-to-month increase since November 2021. With this increase, the stablecoins market cap has reached $190 billion, its highest ever. This beat the previous all-time high in April […]Cryptopolitan
Nov 27, 2024
Global financial markets keep getting wrapped up in politics
Politics has a stranglehold on financial markets, pushing them to react like puppets on strings. Every new headline is a trigger, every political decision a potential grenade. Investors are scrambling to figure out whether they should look at balance sheets or ballot boxes to predict the next market meltdown. This week was no exception, as […]Cryptopolitan
Nov 27, 2024
Chinese Company SOS Limited is investing $50 million in Bitcoin
SOS Limited’s Board of Directors authorized an investment of $50 million in the company’s Bitcoin acquisition. On November 27th, the announcement was published on their website. Bitcoin is currently experiencing its most significant gains, which has captivated the attention of numerous investors worldwide, encouraging them to participate in this bull market. The most recent update […]Cryptopolitan
Nov 27, 2024
Former commissioner Paul Atkins tipped as the frontrunner for SEC chair
Paul Atkins, a former Securities and Exchange Commission (SEC) commissioner, is the leading candidate to chair the agency in President Donald Trump’s administration, according to Fox Business reporter Eleanor Terrett.Fxstreet
Nov 27, 2024
OKX announces Smart Picks launch, Forteus partnership, and Phantom Wallet integration with OKX DEX API
OKX, an on-chain technology company and one of the top cryptocurrency exchanges, announced on November 27 the launch of its AI-powered trading feature, Smart Picks, which seeks to reduce the complexity of crypto trading.Cryptopolitan
Nov 27, 2024
MicroStrategy stock, $MSTR, just fell a massive -35% from its peak on November 21st
According to Google Finance data, MicroStrategy shares have dropped to ~$353, down 34% from Nov. 21st’s high of ~$535. The decline began with a 15% drop to $453, a 13% reversal from a few hours earlier.Cryptopolitan
Nov 27, 2024
