Tag: hit

Bitcoin Traders Expect Prices to Hit $74K Highs as Selling Pressure Eases

Bitcoin’s price could reach $74,000 in the coming weeks amid softer U.S. inflation figures and institutional demand, which favors riskier assets. Large asset managers like Millennium and Schonfeld have invested in bitcoin spot ETFs, indicating growing institutional interest. Selling pressure from short-term is easing, some on-chain analysts said in a Thursday report. Bullish sentiment for […]

Paramount Stock Takes 5% Hit After Reports of Sony ‘Rethinking’ Bid

Paramount’s stock took a dip on Wall Street amid Tuesday reports that Sony is reconsidering its current joint bid with Apollo Global Management to acquire the studio. On CNBC’s “Power Lunch,” reporter David Faber cited sources that said that Sony was “rethinking” its current bid of $26 billion alongside Apollo to acquire Paramount. Following the […]