Copper falls on AI demand concerns and high U.S. inventories
Copper prices fell amid concerns about demand from AI and high inventories in the United States.
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JPMorgan sees little chance of U.S. crypto bill passage this year
JPMorgan analysts said the Clarity Act is unlikely to become law in the U.S. this year, citing the congressional calendar and the Senate vote pattern. The note points to fading prospects for crypto legislation before year-end.
Bitcoin falls 3% as altcoin losses deepen
Bitcoin fell 3% to $83,071, while ethereum, XRP and solana also dropped as Glassnode said leverage in many altcoins could unwind further.
Euro falls on France fiscal concerns
Commerzbank's Antje Praefcke says the euro is unlikely to rebound soon because of concern over France's public finances. The euro fell 0.7% to $1.1181 after touching a 16-month low of $1.1160 on Monday.