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Peter Schiff Says Trump Family's 'Vague' Crypto Announcement Led To Bitcoin Rally, Gets Slammed By Critics: 'Make Serious Arguments'

Renowned economist Peter Schiff linked Bitcoin’s (CRYPTO: BTC) recovery rally to former President Donald Trump’s sons making a “vague” cryptocurrency announcement. He suggested his followers sell the apex cryptocurrency on this upward move. What Happened: On Thursday, Schiff took to X to comment on the recent market trends. He noted a significant recovery in assets that suffered during Monday’s sell-offs, with Bitcoin making an even larger leap. Don't Miss: If you invested $100 in DOGE when Elon

Bitcoin Bounces Back Above $60,000 as Stocks Extend Recovery

(Bloomberg) -- Bitcoin continued to rally in tandem with a rebound in global equities on Friday after a bruising selloff. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsWhen Climate Funds Pay for Highway ExpansionThe original cryptocurrency rose as much as 5.3% to briefl

Analysis-Global oil demand needs to rise faster to absorb OPEC+ hike

Global oil demand growth needs to accelerate in coming months or the market will struggle to absorb an increase in oil supply that OPEC+ is planning to make from October, according to data, analysts and industry sources. Oil demand growth in the first seven months of the year from top consumers the United States and China had failed to meet some expectations even before renewed fears of a U.S. recession triggered a global stock and bond sell-off this week. If the economy slows further, oil demand growth will likely slow with it.

Oil Poised for Weekly Gain With Eyes on Middle East, Equities

(Bloomberg) -- Oil steadied after a three-day rebound, with traders monitoring developments in the Middle East and a rally in wider markets. Most Read from BloombergHow a Tiny Midwestern Town Became a Mecca for Modern ArchitectureAfrica’s Richest City Needs $12 Billion to Fix InfrastructureNYC Subway Riders See ‘Exceptionally High’ Air PollutionNew York City Paid $2 Million for Empty Hotel Rooms Meant for MigrantsNew York City’s Outdoor Dining Sheds Will Start DisappearingBrent traded near $79 a