3 reasons cryptocurrency prices are tumbling

Bitcoin continued its slide this week, falling losing nearly 9% on Thursday and Friday amid a broader selloff in financial markets. The cryptocurrency traded Friday at just under $36,000 and is down 18% over the last month, according to Coinbase. Other major digital currencies have also pulled back sharply. Here’s what experts say is weighing on […]

Bitcoin clings to $36K as data suggests BTC price sell-off came from short-term holders

Bitcoin (BTC) found a new home at $36,000 into May 7 as volatility finally cooled into the weekend. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra down at least $250 million in crunch Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling the $36,000 mark overnight after losing 12% in just 72 hours. Still near its lowest levels since late […]

OPEC Stays Silent As EU Rushes To Ban Russian Oil

The Organisation of Petroleum Exporting Countries and its partners in OPEC+ led by Russia decided this week they would not increase their target production figure for next month. Effectively, OPEC+ slapped the EU in the face, as this decision means no additional oil is coming to Europe to replace sanctioned Russian barrels. The European Commission […]

3 reasons cryptocurrency prices are tumbling

Bitcoin continued its slide this week, falling losing nearly 9% on Thursday and Friday amid a broader selloff in financial markets. The cryptocurrency traded Friday at just under $36,000 and is down 18% over the last month, according to Coinbase. Other major digital currencies have also pulled back sharply. Here’s what experts say is weighing on […]

Weekly Market Review – May 7, 2022

Stock Markets Amid extreme volatility, benchmark indexes absorbed their fifth straight week of losses, borne down by the twin concerns of rising inflation and interest rates. Growth stocks in particular took the brunt of the price declines. The Dow Jones Industrial Average (DJIA) was temporarily dragged into correction territory, roughly 10% below its recent peak […]