For Bitcoin (CRYPTO: BTC) investors, 2025 hasn't started off the way it was supposed to. Instead of skyrocketing in price, Bitcoin has dipped below $90,000, and is now trading at a three-month low. Despite this surprising turn of events, Cathie Wood of Ark Invest continues to double down on her bold Bitcoin predictions.
Australian's housing market ends downturn as rate cut lifts sentiment, CoreLogic data shows
Australia's property market emerged from a shallow downturn in February as the first rate cut in over four years lifted buyer sentiment, although the still-high borrowing costs and elevated prices are clouding the outlook. Figures from property consultant CoreLogic showed prices across the nation rose 0.3% in February from January, ending three months of declines or no growth. Tim Lawless, CoreLogic's research director, said the bounce in prices has more to do with an uptick in sentiment than any immediate improvement in borrowing capacity as rates were only lowered by a quarter-point.
What To Expect in the Markets This Week
Coming Up: President Trump’s Address to Congress, Tariffs, the Latest Jobs Report, Retail Earnings, and More
Money market account rates today, March 2, 2025 (best account provides 4.51% APY)
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Spot Crypto ETF Watch: 3 Cryptocurrencies That Could Be Next on the SEC's Approval List
After the successful launch of new spot ETFs for both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) last year, it's perhaps no surprise that the race is now on to offer investors an even broader array of single-crypto ETFs this year. Right now, the three top prospects appear to be XRP (CRYPTO: XRP), Solana (CRYPTO: SOL), and Litecoin (CRYPTO: LTC).
In address to congress, Argentine President Milei promises IMF deal and lauds economic wins
Argentina’s libertarian president Javier Milei signaled late Saturday that a new deal with the International Monetary Fund was imminent, as he used his annual address to congress to project an optimistic picture of his economic overhaul following a divisive first year in office and recent swirl of controversies. In a speech that played to the sentiments of his right-wing base but included little in the way of new policy, Milei promised the crisis-stricken nation that, in the coming days, he would “ask congress to support the government in this new agreement with the International Monetary Fund" even as it seemed Argentina had yet to close the deal. Revisiting the economic themes of his 2023 presidential campaign ahead of crucial midterm elections in October, Milei declared: “We went from talking about hyperinflation to talking about long-term stability.”
Buying Inflation Protection Is Tempting. What to Know About TIPS.
Yields on Treasury inflation-protected securities have approached their highest levels of the past two decades.
There are big cracks in a $7 trillion bull case for stocks to keep rising
Money market cash has been steadily declining as a percentage of the S&P 500's total market capitalization even as the absolute number hits records.
What Analysts Think of Broadcom Stock Ahead of Earnings
Broadcom is set to report fiscal first-quarter results after the market closes Thursday, with analysts widely bullish on the chipmaker's stock despite recent losses.
Swiss National Bank President Reportedly Dismisses Bitcoin as Reserve Asset
Despite Switzerland’s growing acceptance of cryptocurrencies, SNB's President dismissed them as a "niche phenomenon."