The money borrowed under the brokers’ margin trading funding (MTF) facility – a system allowing investors to borrow to buy shares they cannot afford – swelled by 50% jump last week from March 31, as interest rate cuts on loans for trading in the market recently has encouraged individuals to use more of this funding product.
Bitcoin trades near $76K, Ethereum at $2,240 as tech selloff, strong US jobs data weigh on crypto markets
Bitcoin hovered near $76,000 and Ethereum around $2,240 as technology stock weakness, AI spending concerns and US crypto legislation uncertainty weighed on sentiment. Despite modest