Bitwise Chief Investment Officer (CIO) Matt Hougan stated on Friday that the crypto market's traditional four-year cycle will not continue as institutional demand for digital assets has altered the sector's historical price pattern.
Oil prices firmed yesterday amid optimism over trade talks, despite the Trump administration reportedly allowing Chevron to resume operations in Venezuela. The move continued in early morning trading today. Roughly two months ago, the US government ended Chevron’s ability to produce in Venezuela.
The Japanese Yen (JPY) drifts lower for the second straight day against its American counterpart and retreats further from a two-week high touched the previous day. Data released earlier this Friday showed that consumer inflation in Japan's capital city, Tokyo, slowed more than expected in July.