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Institutional players are increasingly driving crypto markets as ETFs gain traction and regulatory clarity emerges.

Chris Sullivan sees bitcoin’s future growth tied to reallocation trends in global investment portfolios.

Pakistan's economy could lose up to $300 million due to internet disruptions caused by imposition of a national firewall, the Pakistan Software Houses Association (P@SHA) said in a press release on Thursday. Islamabad is implementing an internet firewall to monitor and regulate content and social media platforms, according local media reports. The government denies the use of the firewall for censorship.

Thursday's retail sales report comes as markets are increasingly focused on data amid growing concerns about the health of the US economy.

The digital assets industry is now a full-blown political issue, and Wall Street firms with crypto exposure are staying cautious ahead of November's U.S. election. Whether the next election will result in Donald Trump or Kamala Harris occupying the Oval Office for the next four years, one thing Wall Street firms agree on is that either nominee will bring crypto regulation forward.

The number of Americans applying for unemployment benefits fell last week, another sign that the job market remains resilient in the face of high interest rates. Jobless claims dropped by 7,000 to 227,000 last week, the Labor Department reported Thursday. Weekly filings for unemployment benefits, which are a proxy for layoffs, remain low by historic standards.