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” 3 reasons why Cardano can sink further despite ADA price bouncing 58% “ Cardano (ADA) pared a big portion of the weekly losses incurred during this week’s crypto market rout. ADA’s price reached an intraday high of $0.60 on May 13, a day after rebounding from its week-to-date low of $0.38 — a 58%…
” Bitcoin gains superior to stocks in the long term, economist says “ The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe the better return opportunities of crypto versus stocks, according to several industry executives. This week, the crypto market saw one of its biggest sell-offs ever, with the…
“Dow, Nasdaq slide on fears of prolonged inflation” Stocks ended a whipsaw session lower as worries that inflation, while it might have peaked, will remain at elevated levels and could provoke increasingly aggressive policy tightening from the Federal Reserve. The Dow plunged more than 500 points in late afternoon trading before recovering as all three…
” Nasdaq partners with XP to launch cryptocurrency exchange in Brazil “ XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody. XP stated that the…
“Bitcoin sinks below $33K to lowest price since July 2021” The price of bitcoin plunged below $33,000 on Monday – a downturn that has coincided with a sustained losing streak for US stocks as the market brace for the possibility of a recession. Bitcoin was down about 5% to approximately $32,934 as of 9 a.m….
“Dow falls 500 points as jobs report fuels rate-hike worries” Another selloff hit Wall Street on Friday as robust US jobs numbers stoked investor fears that the Federal Reserve will impose bigger rate hikes in the coming months to tame surging inflation. The latest jobs report indicated that employers added 428,000 people to their payrolls…
“Stock market troubles could get worse, Bank of America warns” The worst may still be yet to come for stocks – even after leading exchanges suffered their worst day of the year as anxiety mounts that the Federal Reserve’s plan to combat inflation will result in a recession. The Dow Jones Industrial Average plunged more…
” Bitcoin’s rocky road to becoming a risk-off asset: analysts investigate “ May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%. Many hoped for capitulation in the trade and crypto markets, and although the short-term outlook for Bitcoin…
“Dow falls 1,200 points as ‘relief rally’ over Fed plan fades” Stocks cratered in trading Thursday, logging their worst day since 2020 as Wall Street grew skittish over the Federal Reserve’s high-wire effort to combat inflation without derailing the US economy. The Dow Jones Industrial Average plunged 1,063.09 points, erasing more than 3% of its…
” Bitcoin falls toward $38K as stocks abandon Fed ‘reactionary rally’ “ Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Nasdaq drops 4% on post-Fed open Data from Cointelegraph Markets Pro and TradingView followed…