US stocks rose as new economic data showed higher-than-expected producer prices in February, driven by a spike in gas prices. Retail sales also increased, but fell short of forecasts. Despite the mixed data, market expectations for the timing of rate cuts remained unchanged, with June seen as the most likely date for the first cut.
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0 posts last weekBitcoin’s Recent Rally: Factors and Implications
Bitcoin’s price surged above $42,000 after a balanced outcome between call and put options, improved macroeconomic conditions, reduced risks from Grayscale GBTC outflows, and decreased transaction costs on the network. The U.S. Federal Reserve’s potential interest rate cuts and positive net inflows into spot Bitcoin ETFs also contributed to the rally, indicating a favorable outlook for the cryptocurrency.
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