LONDON — The race to succeed British Prime Minister Boris Johnson intensified on Monday as several senior Conservative Party politicians came forward with promises to stick to his approaches to Brexit and illegal migration while they look at ways to to stimulate economic growth. Former finance chief Rishi Sunak, who helped spark the wave of … Read more
Bitcoin’s price plunged below $20,000 and below a level widely watched by cryptocurrency enthusiasts as a brutal sell-off in crypto showed no signs of abating. “Given the pessimism we see in the market, it has been a long time since Bitcoin would break the $20,000 price level,” said AvaTrade market analyst Naeem Aslam. The fallout … Read more
Bitcoin’s price plunged below $20,000 and below a level widely watched by cryptocurrency enthusiasts as a brutal sell-off in crypto showed no signs of abating. Bitcoin fell as low as $18,739.50 and stayed below $20,000 on Saturday, according to CoinDesk, losing 72% of its value from its November peak. Concerns about the Federal Reserve’s actions … Read more
Cryptocurrency-focused hedge fund Three Arrows Capital Ltd. has hired legal and financial advisors to help craft a solution for its investors and lenders after suffering heavy losses from a broad market sell-off in digital assets, the company’s founders said on Friday. “We’ve always believed in crypto and we still do,” said Kyle Davies, co-founder of … Read more
US stock futures and global indices tumbled, suggesting Wall Street’s post-Fed meeting rally may not last. Futures linked to the S&P 500 fell 1.9% on Thursday, a day after the broad index rose 1.5% to end a five-day losing streak. Blue-chip Dow Jones industrial average futures fell 1.5%, while Nasdaq 100 futures fell 2.2%, putting … Read more
The S&P 500 rose 0.9%. The Dow Jones Industrial Average rose 113 points, or 0.4%, to 30478, and the Nasdaq Composite rose 1.4%. The Federal Reserve is due to provide details of its recent efforts to quell inflation through tighter monetary policy at 2pm ET. Investors are expecting the Fed to hike its short-term interest … Read more
The price of bitcoin continued to fall Tuesday as the crypto industry grapples with the fallout from the extended sell-off. Bitcoin was trading at $20,834 earlier Tuesday, according to CoinDesk. The original cryptocurrency has not traded below $20,000 since December 2020. According to Dow Jones Market Data, bitcoin fell 5.4% for the day to $21,991.89, … Read more