Author: Anthony Persuader
Financial Journalist with global coverage.
Ethereum Slumps below $4k on Aggressive Trades Pull Out The altcoin leader Ethereum experienced a share fluctuation that plunged its market price down below $4,000 for the first time since early August during Thursday morning trading hours. The altcoin has seen significant price depreciation, losing more than 12% in the last seven days.The asset was hovering around $4,000 at the time of writing, after shedding another 3.77% on the day. ETH is currently down 20% from its all-time high, and most of those losses have come over the past week. The price slump comes amid aggressive post-Fed rate cut portfolio…
Bitcoin, Ethereum Drag Global Cryptos Market Cap Down Below $3.9T Sell pressures in Bitcoin, Ethereum, and other high value cryptocurrencies dragged global market capitalisation down below $3.90 trillion on Wednesday. The cryptocurrency market faces twisted sentiment, and some investors are taking quick steps to exit their position in anticipation of a bearish trend that is forming. Top asset prices have been fluctuating, especially those linked to exchange-traded funds, which have seen significant position exits from short-term traders. Trading data across crypto exchanges showed investors have reversed from increasing their bets due to negative perception of price movements. Top crypto assets…
Bitcoin, Ethereum Drive Fresh Cryptocurrency Market Resurgence The market value of all cryptocurrencies climbed by 69 basis points on Tuesday to $3.91 trillion as Bitcoin, Ethereum, and some other tokens resurged after sell pressures. Bitcoin opened the trading session this week on a negative note, slipping under $112K and wiping out last week’s one-month high. Since then, the price has been stuck in a tight range between $112,000 and $113 000, leaving traders restless. Other tokens, altcoins, are making an uptrend, and the crypto markets experienced an increase.d drive towards stablecoins, reflecting mixed sentiment post Fed rates cut. At the…
US Dollar Trades Firm Against FX Majors after Rates Cut The US dollar trades firmer against major trading partners in the forex markets, gaining on the day after the Federal Reserve’s first rate cut last week. The EURUSD pair opened Monday’s session with a deeper slide to the lower levels of a short-term descending channel. The pair briefly dipped closer to $1.17 before shooting just a bit higher to float at $1.1750. The greenback launched into a fresh rally right after the Federal Reserve trimmed interest rates last week. During the early trading session on Monday, the U.S. dollar was…
Euro Steadies Against US Dollar Ahead of ECB Signals The euro steadied just above $1.17, hovering near last week’s four-year high of $1.192, as investors looked ahead to the HCOB flash Purchasing Manager Index survey. The market also awaits monetary indicators and a series of speeches from European Central Bank and Federal Reserve officials that could shape the policy outlook. There was some pushing and pulling in the dollar after the Fed last week. But at the balance, the greenback is keeping steadier with a modest rebound against some of the major currencies bloc. EUR/USD is keeping with a rejection…
Oil Prices Increase as EU Imposes Fresh Sanctions on Russia Oil prices increased in the global commodity market on Monday after the EU imposed new sanctions on Russia and tensions rose over Moscow’s alleged violations of Baltic airspace. The development heightened supply risk amidst positive expectation about demand after U.S Fed rate cut and weak dollar. Brent crude was trading at $66.68 per barrel, up 0.84% from the previous close of $66.12. US benchmark West Texas Intermediate (WTI) increased by 0.88% to $62.87 from $62.32 in the prior session. Prices gained after the European Commission proposed the 19th sanctions package…
Nigeria Meets 96% OPEC Quota, Output Averages 1.63mbpd – NUPRC Nigeria’s upstream oil sector has recorded a year-on-year output increase, averaging 1.63 million barrels per day (bopd) of crude oil and condensates in August 2025, This is an improvement from 1.58 million bopd in the same period 2024. This is based on Crude Oil and Condensate Production for August 2025 report, released by the Nigerian Upstream Petroleum Regulatory Commission (NUPRC) on Saturday. The report was signed by its Head, Media and Strategic Communications, Eniola Akinkuotu. It said that Nigeria’s crude oil output in August met 96 per cent of its…
British Pound Falls as UK Budget Deficit Surges The British pound (GBP) fell to $1.35, the lowest in two weeks, after UK borrowing data sharply missed expectations. The pound held its ground against the majority of its counterparts following the Bank of England’s latest interest rate decision. Public sector net borrowing hit £18 billion in August, the highest for the month in five years and well above forecasts of £12.7 billion. UK borrowing in the first five months of the fiscal year reached £83.8 billion, £11.4 billion above the Office for Budget Responsibility (OBR) March forecast, with prior months revised…
South African Banks’ Sovereign Exposure Grows Amidst Weak Lending South African banks are facing ever-higher sovereign exposure, strengthening the linkage between their credit profiles and that of the sovereign and reinforcing the longstanding sovereign constraint on the largest banks’ ratings, Fitch Ratings says. Exposure has been increasing for over a decade, driven by banks’ subdued appetite for private sector risks in a weak macroeconomic environment, greater banking sector liquidity and government debt issuance, and capital optimisation strategies, according to Fitch. The sector’s sovereign exposure is dominated by holdings of rand-denominated central government securities. It expanded to ZAR1,586 billion at end-1H25…
Oil Drops as Trump Targets Lower Prices to Pressure Russia In the global commodity market, prices of crude oil declined on Friday as concerns over slowing demand in the US and a looming global supply glut overshadowed the Federal Reserve’s latest rate cut. Brent crude traded at $66.87 a barrel, down 0.36% from the previous close of $67.11. The US benchmark West Texas Intermediate (WTI) decreased by 0.46% to $63.02 from $63.31 in the prior session. Oil drifted for a third straight session in the early trading session following the latest comments from President Donald Trump who called for lower…