HomeCategory

Economy

Crypto Markets Dip 2% Amid Global Concerns Triggered by Israel-Hamas Conflict

Cryptocurrency markets experienced a 2% decline in response to the ongoing Israel-Hamas conflict, echoing modest declines in global equity markets and an uptick in oil prices driven by renewed turmoil in the Middle East. Bitcoin (BTC) recorded a 1.7% drop in the past 24 hours, trading at $27,500. Notably, Bitcoin had been flirting with a two-month high throughout the weekend, nearly reaching the $28,400 mark before retracing to $28,200. Despite the pullback, Bitcoin continues to...

Goldman Sachs: China’s Booming Demand for Oil and Copper Defies Economic Headwinds

China’s appetite for key commodities, including copper, iron ore, and oil, is experiencing remarkable growth, according to a recent report by Goldman Sachs. The data shows that China’s demand for copper has surged by 8% year on year, while iron ore and oil demand have risen by 7% and 6%, respectively, surpassing Goldman’s earlier full-year projections. This robust demand is attributed to several factors, including the green economy’s strong growth, progress in grid and property...