Bitcoin (BTC-USD) is beginning to rebound after a sharp drop from its all-time high of over $70,000. The initial sell-off began from decreased demand in spot bitcoin ETFs. Gold (GC=F) continues to soar as the precious metal is trading at a new all-time high of over $2,200. The increased trading is in part due to the market's anticipation of interest rate cuts from the Federal Reserve later this year. Yahoo Finance Senior Reporter Ines Ferré joins the Live show to break down the movements in bitcoin, gold and more. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Nicholas Jacobino
Bitcoin (BTC-USD) is beginning to rebound after a sharp drop from its all-time high of over $70,000. The initial sell-off began from decreased demand in spot bitcoin ETFs.
Gold (GC=F) continues to soar as the precious metal is trading at a new all-time high of over $2,200. The increased trading is in part due to the market's anticipation of interest rate cuts from the Federal Reserve later this year.
Yahoo Finance Senior Reporter Ines Ferré joins the Live show to break down the movements in bitcoin, gold and more.
For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.
Editor's note: This article was written by Nicholas Jacobino
Reuters
NAIROBI (Reuters) -Kenya has demanded that TikTok show it is adhering to local privacy and user verification laws, the interior minister said on Thursday, saying the platform has been used to spread propaganda, carry out fraud and distribute sexual content. TikTok and other social media companies are under pressure from regulators around the world to shield users from harmful content and criminals who take advantage of the sites. "The government, through the office of the Data Protection Commissioner, has contacted TikTok and raised concerns relating to its processing activities," Interior Minister Kithure Kindiki told a parliamentary committee.
The Wall Street Journal
A plethora of central banks made policy announcements in the wake of the Federal Reserve opting to hold interest rates steady. The Swiss National Bank surprised investors by cutting its policy rate, becoming the first major central bank to do so. Elsewhere in Europe, the Bank of England and Norway's central bank both kept rates unchanged, as expected.
Bloomberg
(Bloomberg) -- A group of 10 US spot-Bitcoin exchange-traded funds posted its biggest three-day outflow since the products debuted in January, a turnaround from the clamor for exposure that earlier drove to the token to a record high.Most Read from BloombergBaltimore Wants to Sell Hundreds of Vacant Homes for $1 EachJustice Department to Sue Apple for Antitrust Violations as Soon as ThursdaySam Bankman-Fried Says 50-Year Sentence Only Suitable for a ‘Super Villain’Switzerland Surprises With Rate
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