Straits Times Index
3,426.47 -3.98 (-0.12%) Nikkei
37,667.41 -202.10 (-0.53%) Hang Seng
17,021.31 +16.34 (+0.10%) FTSE 100
8,285.71 +99.36 (+1.21%) Bitcoin USD
67,820.57 +888.34 (+1.33%) CMC Crypto 200
1,372.22 +41.62 (+3.13%)
Ethereum USD (ETH-USD)
| Previous close | 3,275.70 |
| Open | 3,275.70 |
| Day's range | 3,245.13 - 3,275.70 |
| 52-week range | 1,523.24 - 4,092.28 |
| Start date | 2015-08-07 |
| Algorithm | N/A |
| Market cap | 390.916B |
| Circulating supply | 120.23M |
| Max supply | N/A |
| Volume | |
| Volume (24 hrs) | 13.92B |
| Volume (24 hrs) all currencies | 13.92B |
- Yahoo Finance Video
June PCE and Fed rates, crypto, Social Security: Wealth!
On today's episode of Wealth!, host Madison Mills covers the biggest stories impacting the market, from June's PCE data to the Bitcoin 2024 Conference. June Personal Consumption Expenditures (PCE) data came in line with expectations, and Yahoo Finance Senior Reporter Jennifer Schonberger explains that the reading is good news for the Federal Reserve as it continues to tackle inflation. The print provided yet another data point strengthening the possibility of an interest rate cut in September. She notes that the Fed "can't commit wholeheartedly because we still are going to get some more data for July and August. But it seems to be moving in the right direction." Billionaire Elon Musk is widely known for taking the lead on multiple ventures while juggling responsibilities as CEO of electric vehicle maker Tesla (TSLA). Julie Hyman provides an overview of the extensive coverage Musk receives on the Yahoo Finance platform, detailing Musk's various companies and accomplishments, while also highlighting Tesla's particular popularity among Yahoo Finance viewers and investors who use the site for research. Mortgage rates have risen slightly over the last week as the average rate on the 30-year fixed mortgage ticked up to 6.78% Zillow Home Loans senior economist Orphe Divounguy joins the show to discuss how high rates are weighing on buyers and if an interest rate cut from the Federal Reserve could alleviate issues for the US housing market: "People are very excited about the prospect of the Fed cutting interest rates, but I don't think that normal rates will translate into lower mortgage rates immediately as some expect. I think mortgage rates are likely already reflecting Fed expectations," Divounguy explains. "And if the Fed delivers fewer rate cuts or none at all, we're likely going to see some upward pressure, not downward pressure on rates." Bitcoin (BTC-USD) has gained steam in the days leading up to the Bitcoin 2024 conference in Nashville, Tennessee, where former President Donald Trump and Robert F. Kennedy, Jr. are scheduled to deliver speeches. Macanomics founder and Yahoo Finance contributor Ross Mac joins Wealth! to break down the basics of crypto investing and what investors new to the space need to know. Mac suggests starting with the ETFs associated with crypto before owning the asset itself, such as the spot bitcoin and spot ether ETF products approved by the Securities and Exchange Commission (SEC). This post was written by Melanie Riehl
- Yahoo Finance Video
Trump to speak at bitcoin conference: What to expect
Bitcoin (BTC-USD) is jumping by nearly 5% — the price hovering over $67,000 — on Friday as crypto markets anticipate gains over the weekend as former President Donald Trump and Robert F. Kennedy, Jr. are set to speak at the Bitcoin 2024 Conference in Nashville, Tennessee. Yahoo Finance senior reporter David Hollerith joins Morning Brief to break down what to expect from Trump's speech and what it could indicate about his regulatory agenda for cryptocurrencies ahead of the 2024 election, as well as what the crypto community is thinking about Vice President Kamala Harris's 2024 presidential run. For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Nicholas Jacobino
CoinDeskFirst Mover Americas: Bitcoin Regains $67,000, Adds Nearly 5% in 24 Hours
The latest price moves in bitcoin (BTC) and crypto markets in context for July 26, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
