US stocks fell on Wednesday, struggling to mount a comeback as investors’ interest rate worries coincided with a fresh slate of corporate earnings. After all three major indexes started the day in the green, the S&P 500 (^GSPC) ended down about 0.6%. The Dow Jones Industrial Average (^DJI) lost a more modest 0.1%. Meanwhile, the […]
Crude oil futures fell more than 3% Wednesday as the market dismissed the risk of a wider war between Israel and Iran that could disrupt supplies. The West Texas Intermediate contract for May delivery lost $2.67, or 3.13%, to settle at $82.69 a barrel. June Brent futures were down $2.73, or 3.03%, at settle at $87.29 a barrel. […]
Bitcoin continues to fall on Wednesday, April 17, by declining over 3.84 per cent to $61,309. The world’s largest cryptocurrency has fallen over 8.81 per cent in past five days and over 10.31 per cent in the last one month. The Commerce Department’s Census Bureau reported a 0.7% increase in retail sales last month. Additionally, […]
The price of Bitcoin has corrected 13.65% almost a month after setting a new record high of around $73,800. As of April 17, BTC/USD is trading for as low as $$62,622, while its month-to-date low is around $62,160. Bitcoin’s price correction has accelerated recently due to an escalating geopolitical conflict in the Middle East. Meanwhile, a resilient […]
U.S. stock futures were marginally lower Tuesday morning after a losing day for the major benchmarks. Dow Jones Industrial Average futures inched lower by 51 points, or 0.13%. S&P 500 futures and Nasdaq 100 futures were down 0.1% and 0.04%. Wall Street is coming off a choppy day for the major benchmarks. The 30-stock Dow dropped 248 points, or 0.65%, in its […]
Microsoft (MSFT) closed the most recent trading day at $413.64, moving -1.96% from the previous trading session. This change lagged the S&P 500’s 1.2% loss on the day. Meanwhile, the Dow lost 0.65%, and the Nasdaq, a tech-heavy index, lost 1.79%. The the stock of software maker has risen by 1.32% in the past month, […]
Bitcoin (BTC-USD) prices are holding above $63,000 as the cryptocurrency gives up some ground on Monday. The bitcoin halving event is projected to take place this Friday, April 19, which operates to reduce the amount of available bitcoins in circulation once every four years. The bitcoin halving directly impacts the profits of bitcoin miners, including […]
Hong Kong regulators on Monday approved the launch of spot bitcoin and ether exchange-traded funds (ETFs), asset managers said, following U.S. moves this year to bring these products to market. Bitcoin was trading around 3% higher at 7:11 a.m. ET after a rough sell-off over the weekend. Three ETF providers have been approved by Hong Kong’s Securities and Futures […]
Nvidia hype is a bubble that will burst, stocks will disappoint for the next decade or longer, and a recession will strike this year, Jesse Felder said. The veteran analyst behind “The Felder Report” made his case on the latest “Thoughtful Money” podcast episode. He warned the microchip buying frenzy wouldn’t last, the market’s outsize returns would dry up, and […]
Bitcoin market cap dominance has hit its highest level in three years as altcoins feel renewed price pressure. Data from Cointelegraph Markets Pro and TradingView shows Bitcoin’s share of the total crypto market cap spiking to 56.3% on April 12. Altcoins see “real damage” in wake of BTC price rout BTC price action suffered into the weekend with a liquidation cascade […]
Bitcoin’s next halving event is now just one week or approximately 1,000 blocks away, according to The Block’s Bitcoin Halving Countdown page. The estimated countdown is based on Bitcoin’s average block generation time of 10 minutes, setting a potential date of April 20 at around 9 a.m. UTC (5 a.m. ET), to reach the next halving […]
Bitcoin price plummeted over 8.4% on April 13 after Iran launched an attack on Israel, escalating geopolitical conflicts in the Middle East. The cryptocurrency price dropped from around $67,000 to $61,625, wiping out over $130 million in market capitalization within minutes following the attack. The sell-off is also affecting other cryptocurrencies. At the time of […]
