Bears remain in full control of the cryptocurrency market on Jan. 24 and to the shock of many, they managed to pound the price of Bitcoin (BTC) to a multi-month low at $32,967 during early trading hours. This downside move filled a CME futures gap that was left over from July 2021. Data from Cointelegraph […]
LONDON — European stocks were lower on Monday as investors braced themselves for the next meeting of the U.S. Federal Reserve this coming week, and watched for developments in Ukraine as tensions with Russia grow. The pan-European Stoxx 600 fell 1.4% by mid-morning, with travel and leisure stocks shedding 3.2% to lead losses as all […]
Stock futures rose early Monday, following the S&P 500′s worst week since March 2020, as investors awaited more corporate earnings results and a key policy decision from the Federal Reserve. Futures on the Dow Jones Industrial Average edged up 150 points, or 0.44%. S&P 500 futures climbed 0.48% and Nasdaq 100 futures rose 0.53%. The […]
It is becoming a more common occurrence: When stocks fall, so does bitcoin. Bitcoin, the world’s largest cryptocurrency by market value, fell below $37,000 Friday to its lowest dollar value since August 2021, according to CoinDesk. It settled at $36,689.39, down 11% from Thursday and down 46% from its record in November 2021. The drop […]
Jan 13 (Reuters) – Shares in blockchain technology-focused firm BTCS Inc (BTCS.O) rocketed on Thursday, set to extend a four-day rally, as more retail investors scooped them up after the company last week offered to pay dividends in bitcoin. The Silver Spring, Maryland-based company has seen its stock value more than double since Jan. 5, […]
Just like everyone else this January, the stock market has the Omicron blues. Several “at-home” stocks, including Peloton and Netflix got crushed this week, amid reports of slipping demand and lower-than-anticipated performance. Meanwhile, the Nasdaq closed dow on Wednesday and fell deeper into correction territory on Friday when it dropped 2.7%—marking its worst week since […]
Cryptocurrencies in general are characterized by speculation, uncertainty, and extreme volatility. These traits can certainly scare away even the most experienced investors from dabbling in the burgeoning asset class. Even Bitcoin (CRYPTO:BTC), the world’s oldest and most developed cryptocurrency, is experiencing extreme price movements like a never-ending roller-coaster ride. But based on my arguments below, […]
Bitcoin (BTC-USD) plunged by over 10% to below $40,000 on Friday, with the rest of the cryptocurrency market following suit as risk aversion created a downdraft for markets, ahead of the Federal Reserve’s widely telegraphed plans to raise interest rates. With Russia’s move to ban crypto assets lighting the fuse of the latest plunge, Bitcoin’s […]
Even in the midst of a crypto slump, New York City Mayor Eric Adams isn’t backing out of his plans to take his first three paychecks in Bitcoin and Ethereum. Bitcoin fell beneath $36,000 on Friday — a 47 percent dive from its all-time high in November — dragging the entire cryptocurrency market cap below […]
Stock Markets The S&P 500 suffered its biggest decline in more than 14 months due to fears of rising interest rates and worries of economic growth challenges. Market closures on Monday in observance of the Martin Luther King, Jr. holiday truncated the trading week to four days. The Nasdaq Composite Index lost 7.5% by Friday, […]
The cryptocurrency market, along with other riskier assets, is taking a big hit. Bitcoin is down 11% in the last 24 hours, according to CoinGecko. Hitting its lowest level since August, the largest cryptocurrency by market value dropped below $40,000 on Friday, and is currently trading at around $38,378. Some analysts predict that it could […]
What happened On Wednesday, Jan. 26, Tesla (NASDAQ:TSLA) will report its Q4 earnings for fiscal year 2021 — so the fact that Tesla stock is falling today doesn’t portend particularly well. As of 11 a.m. ET, Tesla stock is trading down 2.5% — about five times worse than the decline on the broader Nasdaq index. So what Why Tesla […]
