Oil Up, And Bitcoin Down On Independence Day!

Digital Finance Analytics (DFA) Blog

Jul 04 2024 | 00:07:19

00:00 / 00:07:19

Show Notes

The US markets are closed Thursday, on July 4th, but there were a couple of significant developments across Oil and Bitcoin nevertheless this week. Firstly, Bitcoin The world’s biggest cryptocurrency took little support from weakness in the dollar, which fell amid increased bets on interest rate cuts by the Federal Reserve, as the Bitcoin price fell sharply to a two-month low on Thursday, breaking past a key support level thanks to uncertainty over several points of selling pressure, chiefly defunct exchange Mt Gox, saw traders remain averse towards the token. Broader crypto prices also followed Bitcoin lower. Elsewhere, Oil prices […]

Other Episodes

Episode

October 24, 2019 • 00:13:05

The Cash Ban Skulduggery [Podcast]

The House of Reps passed the Cash Ban Bill today, despite the matter being referred previously to a Senate Inquiry with submissions open to...

Episode 0

May 23, 2020 • 00:30:39

Housing Markets Are Hurting - The DFA Daily 23 May 2020 [Podcast]

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Episode 0

July 15, 2023 • 00:32:22

Has The Inflation Hurricane Abated? [Podcast]

In another volatile week, the markets latest winning week closed with a mixed finish on Friday following stronger profit reports than expected from several...