SINGAPORE — Shares in Asia-Pacific were mixed on Monday, as investors monitored market reaction to the release of China’s latest benchmark lending rates. In South Korea, the Kospi led losses among the region’s major markets as it dropped 2.04% to close at 2,391.03, with shares of industry heavyweight Samsung Electronics declining and chipmaker SK Hynix […]
A week of dramatic market swings has given rise to reactionary mistakes from investors who are increasingly trying to find their footing. With predictions of peak inflation disintegrated and a more aggressive approach to interest rate hikes from the Federal Reserve, experts say that ETF investors can make use of the volatility by taking certain […]
After a weekend of relentless losses, crypto’s top two coins made marginal recoveries on Sunday, rising above $20,000 and $1,000, respectively. BTC has recovered by just over 15% in the last 24 hours, rebounding from a shocking low of $17,772 yesterday, to $20,482 at time of writing, according to data from CoinMarketCap. ETH, which plummeted […]
Over the weekend, bitcoin dropped below a key psychological level for buyer support, and so far has not been able to get back above it. The bitcoin (BTC-USD) price fell below $20,000 on Saturday and is trading at $19,379 on Sunday morning, a loss of 29.36% over the past week. It briefly slipped below $18,000 […]
Two years ago, at the height of the pandemic, BP wrote in its annual Energy Outlook that global oil demand had peaked at around 100 million bpd in 2019, and it was only going to go down from then on because of the effects of the pandemic and the accelerated energy transition. Just two years […]
Like clockwork, the onset of a crypto bear market has brought out the “Bitcoin is dead” crowd who gleefully proclaim the end of the largest cryptocurrency by market capitalization. The past few months have indeed been painful for investors, and the price of Bitcoin (BTC) has fallen to a new 2022 low at $17,600, but the latest […]
With investors worldwide looking at a collective $1.5tn in recent cryptocurrency losses, a blizzard of class-action lawsuits are being prepared. One big question is: who, if anyone, is to blame – and who could be held to account? With inflation and interest rates rising, the best-known cryptocurrencies have been hit with heavy and continuing losses: […]
Bitcoin plunged to about $17,749 and ether fell to about $897 at around 4:15 E.T. on Saturday afternoon, as the sell-off in the crypto market accelerates. The world’s two most popular cryptocurrencies are down more than 35% in the past week, as both breach symbolic price barriers. Bitcoin bounced back to around $18,955 and ether […]
Stock Markets Stocks ended sharply lower for the second consecutive week on fears that the economy will experience a hard landing due to the Federal Reserve’s most aggressive rate hike since 1994. The week began with a sell-off that left every stock in the S&P 500 down at one point, a phenomenon that has not […]
The major stock market indexes are all in the green on this last trading day before a long holiday weekend. Indexes are near the day’s highs in the last hour of trading. The Nasdaq composite leads the day, up 1.9% from strength in big tech stocks. The S&P 500 is up 0.9% and the Dow […]
Bitcoin (BTC) survived another night without breaking $20,000 on June 17 as $14,000 cemented itself as a likely bottom level. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Trader plans to go “all in” on BTC at $14,000 Data from Cointelegraph Markets Pro and TradingView showed BTC/USD dipping to $20,220 on Bitstamp overnight before rebounding up to $1,200 higher. The […]
When it comes to bear markets, investors can take comfort from history, which suggests that where there’s a beginning, there’s always an end. And according to Bank of America, investors have only got a few bear-market months left to endure after the U.S. benchmark S&P 500 SPX, +0.22% tumbled into bear territory at the start of this week. And […]
