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Bitcoin bullish bets hit a 28-month high on Bitfinex, and that’s music to bears’ ears

Yes, you read the title right. The number of bullish bitcoin BTC$66,645.62 wagers, the so-called BTC/USD long positions, on the OG exchange Bitfinex has hit multi-month highs. But, bulls, hold your cheers, as this metric has become a textbook “contrary indicator” over the years, with upswings characterizing bitcoin’s price downtrends. Highest since 2023 The number…

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US jobs data: Hiring stays sluggish in December with 50,000 additions; unemployment rate dips to 4.4%

Hiring in the United States remained subdued in December, capping a year of weak employment gains, even as the unemployment rate edged lower, according to data released by the US Labor Department on Friday, AP reported.Employers added 50,000 jobs in December, nearly unchanged from a downwardly revised 56,000 jobs added in November. The unemployment rate…

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After Anthropic hit, Infosys, TCS & other Indian IT stocks tank on Nvidia’s new AI system news; what’s happening

Indian IT stocks had already experienced a notable drop earlier this year. (AI image) Indian IT shares tank! Shares of Indian IT companies dropped by as much as 6% on Tuesday after fresh artificial intelligence announcements from global chipmaker Nvidia, which reignited concerns about AI-driven disruption in the technology services sector. Investor caution also remained…

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