Tag: FX

The lull does not seem to be able to last on the cryptocurrency market.  After a few stabilization sessions, the prices of digital currencies are falling again, suggesting that investors’ fears and questions about the solvency of certain firms in the sector remain strong.  These fears have just been confirmed with the default of payment…

Share to FacebookShare to TwitterShare to Linkedin Tesla CEO Elon Musk speaks at the opening of Giga Texas in Austin on April 7, 2022. AFP via Getty Images) Tesla’s brand new plants in Germany and Texas will eventually help the electric-car maker dramatically boost output but for now they’re “money furnaces” losing billions of dollars,…

Bitcoin was falling Monday as the world’s most popular cryptocurrency struggled to stay above the symbolic mark of $20,000. ‘Full Panic Mode’Bitcoin at last check on June 20 was at $20,385.12, up 4% in the last 24 hours. But it had fallen 23% in the past seven days. The cryptocurrency on Saturday had dropped as low as $17,592.78,…

Share to FacebookShare to TwitterShare to LinkedinTopline Bitcoin fell under $20,000 for the first time since December 2020 on Saturday as the cryptocurrency market continues to reel from job cuts, rumors about impending insolvency at major crypto firms and a steep interest rate hike by the U.S. Federal Reserve. Bitcoin fell below $20,000 for the…

Bitcoin seems to be taking a welcome break for millions of investors. The most popular cryptocurrency, has regained some life: the price was at $19,516.56 at last check, up 3.4% in about the past 24 hours as of this writing, according to data firm CoinGecko. Bitcoin had fallen on June 18 to $17,677.43 before recovering…

It’s a real debacle.  Bitcoin fell below $20,000 and $19,000 for the first time since 2020, marking a week in which panic seems to be dominating the cryptocurrency market.  The price of Bitcoin was at $18,766.13 at last check, according to data firm CoinGecko. The most popular digital currency was down more than 9% in the…

Stock market bottoms are usually identified in retrospect as the lowest point on the chart of a benchmark index like the S&P 500.  Pexels via Pixabay; Canva What Is a Bottom in the Stock Market? In investing, a bottom refers to the lowest price a security (or an entire market, as measured by a benchmark…

The cryptocurrency market needs a break.  After days of continuous tumble, the prices of digital currencies seem to want to take a break, even catch their breath.  The Federal Reserve gave investors some respite by raising its rates very sharply on June 15, the biggest increase in 28 years. The central bank raised its key…

Bill Gates has never hidden that he was not a fan of Bitcoin and cryptocurrencies.  The co-founder of software giant Microsoft  (MSFT) – Get Microsoft Corporation Report has just reiterated his aversion to the crypto industry as the digital currency market is in disarray. Bitcoin, the king of cryptocurrencies, is now evolving at its lowest levels…

Share to FacebookShare to TwitterShare to LinkedinTopline The cryptocurrency market witnessed a major selloff on Monday morning with its overall market cap dropping below $1 trillion for the first time in over a year after major crypto lending platform Celsius announced it was suspending all withdrawals due to “extreme market conditions.” The value of Bitcoin…