(Bloomberg) -- Brazil’s inflation picked up much more than expected in early November, adding urgency to government plans to cut swelling public spending that is pushing cost-of-living increases above target.Official data released Tuesday showed consumer prices rose 4.77% from a year earlier, above all forecasts in a Bloomberg survey of economists that had a 4.64% median estimate. On the month, they increased 0.62%.Price pressures are building in Latin America’s largest economy, stoked by a hist
Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.
Ether Favored in Crypto Rotation as Bitcoin Recoils Off $100K Sell Wall
ETH advanced 4% during the day, outperforming BTC's 1.5% loss and slight gains of the broader market benchmark CoinDesk 20 Index.The ETH/BTC ratio hit its weakest level in three years last week, but has rebounded since and is poised for more gains, observers noted.Bitcoin is likely to move sideways until year-end, said Paul Howard, senior director of Wincent.
Trump fills out his economic team with two veterans of his first administration
President-elect Donald Trump is turning to two officials with experience navigating not only Washington but the key issues of income taxes and tariffs as he fills out his economic team. Trump on Tuesday announced he has chosen international trade attorney Jamieson Greer to be his U.S. trade representative and Kevin Hassett as director of the White House National Economic Council.
Dogecoin and Solana Lead Double-Digit Losses as Crypto Market Faces Sharp Downturn
The cryptocurrency market has experienced a significant downturn, with major digital assets posting notable losses.
Bitcoin Will Face Decline Before Surging to $100,000, Standard Chartered Analysts Remain Optimistic
Bitcoin recently dropped below $92,000 after briefly approaching $100,000, prompting a mix of concerns and optimism among analysts.
U.S. Bitcoin ETFs Experience $438 Million Outflows as Bitcoin Drops Below $94,000, While Ethereum Funds See Modest Inflows
U.S. spot Bitcoin ETFs saw significant outflows on Monday, totaling $438 million, marking the end of a five-day period of inflows that had brought in nearly $3.4 billion.
Bitcoin Faces Critical $92,500 Support Level After $500 Million in Liquidations, Traders Brace for Potential Sell-Off
Bitcoin's price is teetering on a critical support level as it navigates recent market turbulence.
Bitcoin Drops to $92K as Long-Term Holders Drive Sell-Off During Market Volatility
Bitcoin's price has fallen sharply, dropping over 5.6% to $92,774 as of Nov. 26, following a historic high of $99,000 on Nov. 22.
First Mover Americas: Bitcoin's Correction Takes Price Below $93K
Bitcoin has fallen over 6% in the last 24 hours.Indicators suggest BTC could drop to as low as $90,000.Ether outperforms the broader market.