| Mobile Web

Search results for Bureau of Labor Statistics

Crypto

Bitcoin holds $80,000 as stablecoin payments spread

Over the past week, the global crypto market’s key theme was resilience. Bitcoin held $80,000 despite a CPI shock, while XRP defended $1.30 even as public interest faded. Investors are watching U.S. PMI data and the Oct. 27-28 FOMC, as well as Ripple’s Swell event. Stablecoins and tokenisation are spreading into mainstream payment rails. In South Korea, tax deferral bills and a forthcoming digital assets framework are emerging variables.

Crypto

XRP retail traders increase bullish bets despite selloff as institutional flows ease

Retail investor sentiment around XRP has tilted toward buying across major cryptocurrency exchanges, even as inflation data triggered broad market volatility. Long-short ratios for retail traders on Binance, OKX and Bybit remained in an “extreme bullish” zone, while taker data also pointed to a slight buying edge. Large-investor signals diverged by exchange, and “smart money” indicators stayed bearish. Spot XRP ETF inflows totalled $13 million in October, down 79% from September’s pace.

Finance

Wall Street banks extend strong results run despite U.S. inflation up 3.7 percent

U.S. inflation is accelerating again, but major banks’ third-quarter results did not show clear signs of weakening consumption or deteriorating credit quality. Consumer spending and loan demand remained relatively resilient despite rising household burdens from higher prices. Citigroup, Wells Fargo and JPMorgan Chase posted solid consumer finance trends. Citigroup’s wealth client balances rose, while Wells Fargo benefited from credit card and auto lending. JPMorgan reported higher profit and steady net charge-offs, while provisions fell year on year.