Weaker economic data has investors betting that central banks will be constrained in their ability to tighten policy, seeing an 11th hour rally in rate-sensitive tech stocks.
Central bankers are having to contend with one of the most complex macroeconomic environments in decades and as a result, are having to develop policy on the fly, fueling uncertainty.
Persistence is everything in business, and there are some who believe that the survivors of the current Crypto Winter could go on to lead the most valuable Web3 businesses in…
Energy stocks which were the one bright spot amidst the current market malaise, have fallen alongside other sectors on recession concerns.
Celsius Network suggests that it will need more time to normalize withdrawals and operations.
Normalizing central bank policy will hit the lower and middle classes hardest, as they grapple with inflation while borrowing costs for mortgages and auto loans soars.
Bank of Japan goes on an incredible US$81 billion bond-buying spree to put a lid on soaring Japanese sovereign bond yields, which appears to have worked for now.
Crypto startups attracting eye-watering valuations are now having to contend with years of austerity as the sector faces pullbacks from what appears to be a lengthy crypto winter.
Possibility of further selling in cryptocurrencies even as the last bull looks to become a bear as leverage and interdependence in decentralized finance has yet to fully run its course.
Oil remained resilient in Asian trading as traders focused on renewed demand from the region which is progressively opening up to travelers.