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Bitcoin and crypto markets: What a week It’s been!
Bitcoin and crypto markets: What a week It’s been!

Share link:In this post: Bitcoin, Ethereum, and Solana took a beating this week, with their biggest drops since 2022. The market was on a high in July, but momentum traders started pulling back, signaling potential trouble. After a wild sell-off, traders quickly jumped back in to buy the dip as liquidations slowed down.

Cryptopolitan·2024/08/09 16:00
Weekly ETF Recap: Here’s What Kind of Action the Bitcoin, Ethereum ETFs Saw
Weekly ETF Recap: Here’s What Kind of Action the Bitcoin, Ethereum ETFs Saw

The spot Bitcoin ETFs were in the red in four of the past six days.

Cryptopotato·2024/08/09 16:00
Flash
19:31
Fed's Daly: Providing forward guidance is not appropriate at this time
Golden Ten Data reported on June 5 that Federal Reserve’s Daly stated that the current monetary policy is in a good position, but the economic situation is too uncertain to clearly indicate the direction of interest rates. Daly mentioned that providing forward guidance is not appropriate at the moment because it is impossible to predict how the economy will develop. The most concerning issue now is inflation, with the main focus on rising energy and food prices. Bringing the inflation rate back to target is the Federal Reserve’s top priority. Daly also said that, although there is currently no clear evidence in economic data that artificial intelligence has boosted productivity, she remains optimistic about the technology and believes 2027 will be a litmus test; at the same time, she has not identified any financial stability concerns related to AI investments.
19:31
The president of Anthropic believes that high computing costs are the main driver for the company's IPO.
Amodei believes that "training AI models is an extremely capital-intensive business," and that the public market "is very well suited to this characteristic." Expand
19:07
National Healthcare Corporation (NHC) recently completed a strategic acquisition, successfully bringing five skilled nursing facilities under its umbrella for a total price of 50.5 million dollars.
This transaction marks an important step for NHC in expanding its professional care service network, further consolidating its market position in the healthcare sector. Through this acquisition, NHC has not only strengthened its service capabilities but also optimized its regional layout, laying a solid foundation for future business growth.
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