The price of Bitcoin (BTC) dipped to as low as $53,905 on Binance overnight, recording a sudden 6% drop. But despite the minor correction, the price of Bitcoin quickly recovered thereafter, reaching a new all-time high above $57,800 on Feb. 21. BTC/USDT 4-hour price chart (Binance). Source: TradingView.com Why didRead More →
© Reuters. The U.S. flag covers the front facade of the NYSE in New York By Medha Singh and Shivani Kumaresan (Reuters) – The S&P 500 was set to open lower on Tuesday as excitement over signs of a first successful late-stage COVID-19 vaccine trial faded, while investors continuedRead More →
Within the last hour Bitcoin (BTC) price dropped below $9,000 to a daily low at $8,813. Since June 24 Bitcoin price has been losing momentum while pinned below the 20-MA and today’s drop to $8,813 coincided with a surge in sell volume. Crypto market weekly price chart. Source: Coin360 AsRead More →
On-chain data from blockchain analytics firm CryptoQuant suggest that miners are currently holding on to their mined BTC, a sign that may indicate a continuing recovery for the Bitcoin price given a lack of selling pressure from big mining operations. The Miners’ Position Index (MPI) provides insight into how minersRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Noel Randewich (Reuters) – Wall Street surged on Monday as investors hunted for bargains following reassurances by central banks that they stood ready to counter the economic impact from the coronavirus following last week’s steep sell-off.Read More →
© Reuters. Trader works at the New York Stock Exchange By Sruthi Shankar and Susan Mathew (Reuters) – Oil stocks shed the most on the S&P 500 on Tuesday, taking the benchmark index further away from record highs, as investors nervously awaited the latest in the U.S.-Iran standoff. A nearRead More →
U.S. Treasury yields fell Thursday in the first trading session of 2020, which saw stock indexes surge to new highs, fears of a global economic slowdown subside and optimism hold about a partial resolution to the U.S.-China trade war. Most global markets were closed Wednesday for the New Year’s holiday.Read More →
Asia-Pacific markets fell in light trading on Tuesday, with some major indexes closed for the New Year’s holiday and others closing early. The Shanghai Composite SHCOMP, -0.16% slipped 0.1% while the Shenzhen Composite 399106, +0.11% rose 0.2% after data showed China’s factory activity continued to expand for a secondRead More →
© Reuters. Investing.com – Chinese e-commerce giant Alibaba (NYSE:) Group Holding Ltd (HK:)’s shares in Hong Kong continued to dip on Monday after rising nearly 10% since its high-profile debut last week. The stock currently trades at HK$196.40 by 11:57 PM ET (03:57 GMT), down 1.01%. Last Thursday, it reachedRead More →
Shares of Hewlett Packard Enterprise Co. dipped 4% in after-hours trading Monday after the computing giant reported fourth-quarter revenue that fell short of analyst estimates. The major culprit, as in previous quarters: Longer sales cycles for bigger deals because of economic and geopolitical uncertainty, company executives said. The San Jose,Read More →
Shares of Chesapeake Energy Corp. bounced briefly Thursday after the oil and natural gas company’s top executives bought a total of 125,000 shares on the dip below $1 a share. The stock CHK, +0.34% edged up afternoon trading, a day after tumbling to close at the lowest level since MarchRead More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt By Danilo Masoni MILAN (Reuters) – Oil prices hit four-month highs on Monday after attacks on crude facilities in Saudi Arabia fueled worries over the impact of an oil shock on economic growth, halting aRead More →
Asian markets retreated in early trading Thursday, as geopolitical tensions and the inverted U.S. Treasury yield curve weighed on investors concerned about a global economic slowdown. U.S. Treasury Secretary Steve Mnuchin that he expects Chinese officials to travel to Washington for renewed trade negotiations, but did not give a timeline,Read More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt By Agamoni Ghosh and Shreyashi Sanyal (Reuters) – European shares fell on Wednesday, as a shrinking German economy and weak industrial data from China stoked fears of a global slowdown, forcing investors to turn defensiveRead More →
© Reuters. FILE PHOTO: A man walks past an electronic stock quotation board outside a brokerage in Tokyo By Hideyuki Sano TOKYO (Reuters) – Asian share prices dropped on Friday following mixed U.S. earnings reports and after the European Central Bank unexpectedly held interest rates steady, while the euro heldRead More →
© Reuters. FILE PHOTO: Traders work on the floor at the NYSE in New York By Shreyashi Sanyal (Reuters) – U.S. stock index futures indicated to a flat opening on Tuesday, a day after the benchmark hit a record high, as optimism sparked by the U.S.-China trade truce waned andRead More →
© Reuters. The German share price index DAX graph at the stock exchange in Frankfurt (Reuters) – European shares dipped on Thursday, tracking Asian markets lower after more violent protests in Hong Kong and weighed down by doubts over the United States and China’s ability to reach a trade dealRead More →
© Reuters. Traders work on the floor at the NYSE in New York By Medha Singh and Amy Caren Daniel (Reuters) – Wall Street was set to post slight losses at the open on Monday as trade disputes and fears of regulatory scrutiny on high-profile companies Alphabet (NASDAQ:) and AmazonRead More →
© Reuters. A man looks at an electronic board showing the Nikkei stock index outside a brokerage in Tokyo By Tomo Uetake TOKYO (Reuters) – Asian shares slipped on Thursday as a surprise deterioration in German business morale rekindled fears of slowing global growth, while oil prices pulled back slightlyRead More →
