BlockchainFinanceResearch

NFT Market Shows Resilience Amid Crypto Volatility, Study Finds

A comprehensive study examining investor behavior during the COVID-19 pandemic and post-pandemic period reveals surprising stability in the NFT market despite cryptocurrency volatility. Researchers found that while both markets exhibit herding behavior, NFTs may offer diversification benefits for investors seeking to manage risk in turbulent markets.

NFT Market Demonstrates Unexpected Stability During Turbulent Period

According to a recent study published in Humanities and Social Sciences Communications, the non-fungible token (NFT) market has shown remarkable resilience and relative independence from the volatile cryptocurrency market during periods of economic uncertainty. The research, which analyzed market data from January 2020 through April 2023, provides new insights into investor behavior during the COVID-19 pandemic and subsequent recovery period.

Economy and Trading

Builder Confidence Surges as Mortgage Rate Relief Sparks Housing Market Optimism

American homebuilder confidence has climbed to its highest level in six months as mortgage rates show signs of easing. Despite the improvement, the housing market continues to face significant headwinds with most potential buyers remaining cautious.

Homebuilder Sentiment Shows Strong October Rebound

U.S. homebuilder confidence reportedly surged to a six-month high in October, according to industry data, as declining mortgage rates sparked hopes for improved housing demand. The National Association of Home Builders/Wells Fargo Housing Market index increased five points to 37 this month, marking the highest reading since April, though sources indicate it remained below the 50 breakeven threshold for the 18th consecutive month.

Business AcquisitionFinance

Earnings Season Stocks: Companies With History of Beats and Rallies Report Next Week

Several companies reporting earnings next week have demonstrated consistent patterns of exceeding expectations and rallying afterward. According to analysis, Intuitive Surgical and Amphenol lead the list with particularly strong beat-and-rally histories. These reports come amid ongoing market volatility and global trade concerns.

Earnings Season Presents Opportunities Amid Market Uncertainty

As earnings season continues, traders are reportedly watching several companies with histories of exceeding expectations and seeing subsequent stock price increases. According to analysis from Bespoke Investment Group, names including Intuitive Surgical and Amphenol have demonstrated consistent patterns of beating estimates and rallying upon reporting quarterly results. This comes amid ongoing concerns about market volatility, the U.S. government shutdown, and global trade policies that have created uncertainty for investors.

Digital MarketsEconomy and Trading

Gold Hits Record $4,200 as Fed Rate Cut Bets and Trade Tensions Drive Rally

Gold prices have shattered records, crossing the $4,200-per-ounce threshold for the first time ever. The rally is reportedly driven by expectations of Federal Reserve rate cuts and renewed US-China trade tensions, boosting safe-haven demand across precious metals markets.

Historic Gold Rally Breaks $4,200 Barrier

Gold prices have achieved a historic milestone, crossing the $4,200-per-ounce threshold for the first time ever according to Reuters market data. Spot gold was reportedly trading at $4,200.11 per ounce, representing a 1.4% gain, while U.S. gold futures for December delivery gained 1.3% to $4,218.0 as of Wednesday morning trading sessions.