Bitcoin risks drop below $76K as 7% oil slide fails to spark BTC price rally
Today's main theme is caution across markets as geopolitical tensions and central bank moves weigh on sentiment. Bitcoin slipped about one point seven percent, even as oil prices fell seven percent, showing that the usual link between oil and crypto did not hold. Stock markets also fell as oil prices rose again later in the day.
In Australia, the central bank raised its cash rate to four point eight five percent, an eighteen year high. The decision was split six to three, and the bank expects inflation to stay above three percent until late twenty twenty seven. Meanwhile, Apple and Palantir beat earnings but their shares fell, suggesting investors had high expectations.
Ahead of the US midterm elections, Dow Jones futures declined half a percent to around fifty one thousand eight hundred eighty. S and P five hundred futures lost zero point one five percent, while Nasdaq one hundred futures were steady. The Swiss franc reached a fresh seven week high against the dollar, helped by stronger than expected inflation data.
US exports of liquefied natural gas hit their second highest level on record, driven by demand from Europe ahead of winter. This pushed LNG prices higher. In the UK, Primark plans to launch a home delivery service by the end of twenty twenty seven, before being spun off from Associated British Foods.
Michael Saylor's Strategy added another eight hundred eleven bitcoin for sixty five point five million dollars. This follows the company's third quarter net income of nineteen point five billion dollars. In the UK, Brookfield is planning a twenty seven billion dollar data center at Drax Power Station in North Yorkshire, aimed at supporting artificial intelligence infrastructure.
The British pound traded near a two month high around two hundred twelve against the yen, as markets await the Bank of England meeting on Thursday. Silver remained vulnerable near its lowest level since November twenty twenty five. Gold slipped ahead of the US midterm elections, facing pressure from inflation fears and rate hike expectations.
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Primark to launch home service ‘by end of 2027’; Saudi state oil company reports jump in profits despite attacks – business live. Primark home delivery service to come before the chain is spun off from Associated British Foods; stock markets fall as oil prices rise again.
Oil prices plunged nearly 7% on Monday after Washington and Tehran both signaled they would give diplomacy a chance, wiping out part of the war premium that lifted crude through October. Brent traded at $105.60 per…
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British Pound sits near two-month top, around 212.00 vs Yen as bulls await BoE on Thursday. The GBP/JPY cross trades near a two-month high during the early European session on Tuesday, with bulls awaiting sustained strength and acceptance above the.
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Apple and Palantir shares slide in premarket trading following post-bell earnings. The iPhone-maker and software giant fell after earnings failed to impress investors.
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Brookfield plans for a $27 billion AI data center at UK power station. Europe is scrambling to develop infrastructure to support the rollout of AI amid high energy and land costs.
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Gold Price Forecast: Prices Slip Ahead of US Midterm Elections. Gold faces pressure from inflation fears and rate hike expectations as prices struggle to reclaim $4,000.
Compiled by the Borearis Research Team from public news and market quotes, with AI-assisted summaries. For information only, not investment advice. Trading involves risk.
