Crude oil prices surged on Monday while Bitcoin, gold and other commodities declined as global markets diverged ahead of the Federal Reserves interest rate decision on Wednesday. Brent crude jumped 2.75% to $107.48 a barrel, while West Texas Intermediate (WTI) climbed 2.51% to $102.56. Oils gains were driven largely by mounting supply concerns in the Middle East, contrasting with losses across cryptocurrencies and metals. Saudi Arabia shut its East-West oil pipeline late last week after drone attacks from Iraq damaged the key route. The pipeline allows Saudi crude exports to bypass the Strait… Read more
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On September 10, the city passed O-26-49, known as the “Virtual Currency Ordinance,” banning cryptocurrency ATMs and cashier-facilitated crypto transaction services within city limits. Councilor
Investor redemptions from BlackRock’s Bitcoin ETF highlight shifting risk appetites amid broader market volatility and monetary policy changes. The post BlackRock ETF clients sell $19M
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