A pair of its earliest developers aren’t just leaving the project, but leaving the crypto business altogether. What happened Cryptocurrency Fantom ( FTM 1.05% ) is down 16% as of 1:25 p.m. ET Sunday following a tweet from Anton Nell that he and Andre Cronje are leaving the decentralized finance (crypto) industry. Cronje is a […]
Category: Stocks Watch
Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’
March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a […]
Bitcoin loses $40K as BTC price support levels give way to 1-week lows
Bitcoin (BTC) stayed below some critical support zones into the weekend after a late sell-off cost bulls the $40,000 mark. Upper range support levels crumble for BTC Data from Cointelegraph Markets Pro and TradingView painted a lackluster picture for BTC/USD Saturday, the pair lingering near $39,000 after seeing lows of $38,600. Traders had hoped that various price points above […]
S&P Dow Jones is removing Russia stocks from indexes, stripping country of emerging market status
Index giant S&P Dow Jones Indices said Friday it is removing all stocks listed and/or domiciled in Russia from its benchmarks in light of the country’s invasion of Ukraine, further isolating the nation from the global economy. The removal, effective before the open next Wednesday, also affects Russian American depositary receipts (ADRs), S&P Dow Jones […]
Rate-hike fears abate but Ukraine muddies stock market outlook
Geopolitical worries are clouding the outlook for U.S. stocks, even as Russia’s invasion of Ukraine moderates expectations for how aggressively the Federal Reserve will tighten monetary policy in coming months. Concerns over the conflict weighed on the S&P 500 on Friday, as the index pared a rally that has seen it rise 5.2% from its […]
Weekly Market Review – March 5, 2022
Stock Markets Markets continued to exhibit unusual volatility over the past week but showed some resiliency due to the positive impact of optimistic economic news on otherwise dire geopolitical events. The Russian invasion of Ukraine is having a greater effect on certain areas of the market, particularly interest rates, inflation, and commodity prices. Overall, stocks […]
Bitcoin Is Down 5% Today, but Blockchain Data are Bullish
According to CoinMarketCap, at the time of writing, the price of Bitcoin (BTC) is down 5.5% this morning. Today’s strong jobs report could be stoking concerns that the Federal Reserve will be more likely to increase interest rates to slow inflation when it meets in mid-March. Despite this modest pullback, other data suggest positive upside […]
Bitcoin slides under $39K, leading some traders to forecast a weekend ‘oversold bounce’
March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a […]
Dow sheds 180 points, slides for 4th straight week as Ukraine war weighs on markets
Stocks fell on Friday despite a stronger-than-expected jobs report as worrisome developments in Ukraine weighed on sentiment. The Dow Jones Industrial Average dropped 179.86 points, or 0.53%, to close at 33,614.80. The S&P 500 declined 0.79% to 4,328.87, while Nasdaq Composite moved down 1.66% to 13,313.44. The Dow, which was down more than 500 points […]
Russia’s Ukraine conflict, big inflation report will keep the stock market volatile in coming week
Russia’s invasion of Ukraine will continue to be a major focus, as wary investors watch fresh inflation data and the rising price of oil in the week ahead. Stocks in the past week sold off in volatile trading, as oil rose more than 20% and a whole host of other commodities rose on supply worries. […]
Bitcoin bulls aim to capture $45K leading into Friday’s $890M BTC options expiry
Bitcoin (BTC) bulls flipped the table on March 4’s options expiry after a 14% rally on Feb. 28. Holding the price above $43,000 confirms a decoupling from traditional markets. For instance, the MSCI Emerging Markets Equities Index is down by 3.5% in five days, while the United States Russell 2000 Small-Capitalization Index gained 0.9%. Investors […]
How investors can outperform the market amid Russia-Ukraine crisis: Goldman Sachs
Embrace the hunt for dividends if you are keen on outperforming what could be a volatile stock market in 2022 due to the Russia-Ukraine crisis and a rising interest rate environment. Or so says the team at Goldman Sachs. “High dividend yield and high dividend growth stocks also typically outperform during periods of high inflation […]