Credit card debt at US commercial banks hits record $1.09 trillion

The post Q1 2026 retail earnings fueled by tax refunds and BNPL appeared on BitcoinEthereumNews.com. Shoppers enter and exit a Dior luxury boutique in Venice, Italy, on Nov. 16, 2025. Michael Nguyen/NurPhoto via Getty Images The retail industry emerged from a choppy first quarter relatively unscathed, but higher than usual tax refunds and an uptick in buy now, pay later use likely helped to buoy spending. As Wall Street looks ahead to the second quarter, the period could offer a clearer view on consumer health and just how much high gas prices and persistent inflation have disrupted the economy and pressured already-strained household budgets.  “Once you got through April and May, you’re really not seeing the impact of tax refunds anymore, and those months were a little bit choppier, so there’s a lot of moving pieces that maybe kept the consumer going for longer than we would have expected,” said Janine Stichter, a retail analyst and managing director at BTIG. “As you peel back these t

The post German Retail Sales decline by 0.3% MoM in April vs. -0.4% expected appeared on BitcoinEthereumNews.com. German Retail Sales, a key measure of consumer spending, declined again in April. The consumer spending measure fell 0.3% month-on-month (MoM), according to official data released by Destatis, while it was expected to have declined 0.4%. In March, Retail Sales dropped by 0.3% (revised from 2.0%) On an annualized basis, Retail Sales decreased 0.3%, compared to the prior release of a 0.2% decline (revised from 2.0%).  Market reaction No immediate reaction was observed in the Euro (EUR) after the data release. As of writing, the EUR/USD pair is down 0.04% on the day at 1.1655. Euro FAQs The Euro is the currency for the 20 European Union countries that belong to the Eurozone. It is the second most heavily traded currency in the world behind the US Dollar. In 2022, it accounted for 31% of all foreign exchange transactions, with an average daily turnover of over $2.2 trillion a d

The post CRV Price Prediction: $0.18 Incoming as Whales Fight Retail Optimism appeared on BitcoinEthereumNews.com. Iris Coleman May 31, 2026 08:17 Despite smart money loading up at 61.6% long positions, aggressive selling pressure and broken support structures point to a 15% drop toward $0.18 within two weeks. The $0.20 Bollinger Band floor i… CRV’s Technical Reality Check The charts are screaming weakness. With CRV sitting at $0.21 and RSI hovering at 39.52, we’re seeing classic distribution patterns where momentum has completely stalled. The MACD histogram flatlined at zero tells the real story – buyers have vanished while sellers maintain control. More damning is CRV’s position within the Bollinger Bands at just 0.24, meaning price is hugging the lower boundary like a desperate trader clinging to hope. When a token trades this close to technical support with zero momentum expansion, the next move is typically brutal. The middle band at $0.23 has become concrete res

The post ‘Backrooms’ Draws A24 Record $81 Million Opening appeared on BitcoinEthereumNews.com. Topline The psychological thriller “Backrooms” grossed $81 million to top the domestic box office during its opening weekend, according to multiple reports, a record for the A24 studio, which claimed the flick made its 20-year-old director the youngest to have a top-selling film. A24 said its 20-year-old director is the youngest ever to top the box office. A24 Key Facts “Backrooms,” a film based on a popular YouTube series, collected $81 million from North American theaters and $36 million elsewhere as of Sunday, the highest-grossing opening weekend for an A24-distributed film, Deadline reported (the studio’s “Civil War” grossed $25.5 million in 2024). A24 claimed the opening weekend made director Kane Parsons the youngest to top the box office charts, far surpassing the then-27-year-old Josh Trank for “Chronicle” in 2011 ($27 million), according to Deadline. “Obsession” grossed $26.4 million

XRP is testing critical demand levels as selling pressure keeps the price under stress, and participants on both sides of the trade search for the structural signal that determines whether the current level holds or gives way to further decline. The price action is tense — and a CryptoQuant analyst has identified a shift in the exchange flow data on Binance that adds a specific structural dimension to the current test that the price chart alone cannot reveal. Related Reading: Bitcoin Sends An Unusual Signal After Miner Inflows Top 20,000 BTC – Analyst Explains The Setup The metric the analyst examines tracks the spread between whale activity and retail activity in XRP outflows on Binance. A measure of how dominant large holders are relative to smaller participants in the exchange’s flow structure. The latest reading places that spread at 88.3%, a level that sits near its lowest range since May 2024. Whales continue to dominate XRP outflows on Binance, but the gap between their activity

The cooling economy, marked by reduced consumer spending, may signal caution for investors despite robust business investments. The post Atlanta Federal Reserve cuts first-quarter GDP estimate to 1.6% as consumer spending softens appeared first on Crypto Briefing.

ETH's price has entered a decisive breakdown stage of its prevailing technical pattern, indicating further declines toward $1,750 despite strong retail sentiment.

Rising corporate borrowing amid inflation fears suggests persistent economic uncertainty, impacting investment strategies and market dynamics. The post US commercial banks see $211B year-over-year surge in loans amid inflation concerns appeared first on Crypto Briefing.