Brazil is reviewing a trade deal announced between the United States and Argentina last week, citing suspicions that the agreement would violate South American trade bloc Mercosur’s rules, three sources familiar with the matter told Reuters. Brazilian diplomats are reviewing the document released by Washington on Friday to determine the scope of the deal. The deal
US stocks moved higher on Tuesday, with the Dow Jones Industrial Average setting another all-time high, as investors digested weaker-than-expected retail sales data and looked ahead to key labor market and inflation reports later in the week. The Dow Jones Industrial Average rose 239 points, or about 0.5%, extending its recent run of record highs.
The cryptocurrency market is consolidating following its poor performance this week. Bitcoin is trading above $89k, while Ether has failed to recover above $3k. Meanwhile, XRP, the fifth-largest cryptocurrency by market cap, is consolidating above $1.90, a short-term support level. It risks dropping below this level despite ETF inflow into the ecosystem. XRP stays below
The cryptocurrency market is having a poor start to the week after an underwhelming performance over the weekend. Bitcoin briefly dropped below the $88k level after losing 1.2% of its value. Ether, the second-largest cryptocurrency by market cap, also dropped below $2,900 as it is down 2% over the weekend. Meanwhile, XRP, the native coin
The cryptocurrency market has slightly recovered from Sunday’s dip, but it is not out of the woods yet. Bitcoin has reclaimed the $88,000 level, while Ether is approaching the $3,000 psychological level. Meanwhile, XRP has failed to surge above the $2.0 psychological level and is now trading at $1.88. Bulls are attempting to regain control
XRP was pushing higher toward the $2.00 level as gains spread across the broader cryptocurrency market. The token traded above $1.90, tracking strength in Bitcoin, which retested levels above $89,200, while Ethereum moved back above $3,000. The rebound was reflected across the market, with all top 10 cryptocurrencies trading in positive territory at the time
Ripple has secured full approval for an Electronic Money Institution licence in Luxembourg, a regulatory milestone that clears the way for the company to scale payments services across the European Union. The authorisation was granted by Luxembourg’s financial regulator, the Commission de Surveillance du Secteur Financier, after Ripple met all outstanding conditions tied to its
Ripple’s XRP has been one of the worst performers among the top 10 cryptocurrencies by market cap in recent weeks. The coin is down by less than 1% in the last 24 hours and is currently trading around $1.6 per coin. XRP is attempting to recover from last week’s sharp decline that tested support at
Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) remain under pressure, with the leading cryptocurrencies recording losses since the start of the week. Bitcoin fell to its lowest level since early November 2024, to $72,945, following Tuesday’s selloff. ETH and XRP, following BTC’s lead, extended their losses, with Ether hitting a seven-month low while XRP retested
Bitcoin fell below the $70,000 mark on Thursday, reaching its lowest level in about 15 months, as a broad risk-off sentiment swept across global financial markets and intensified pressure on digital assets. The world’s largest cryptocurrency slid as low as $69,821 in early New York trading before stabilising slightly, hovering near levels last seen around