Bitcoin Giant’s Strategy Avoids Buying Bitcoin as Stock Falls 67% from Highs
Simply put According to TD Cowen, Strategy did not acquire any Bitcoin last week. The stock price of the Bitcoin-buying company has declined by 38% this year. Michael Saylor recently spoke in defense of the company’s outlook. Usually, the week starts with Strategy highlighting newly acquired Bitcoin, but they were notably silent on Monday. For […]
EUR/USD falls close to 1.1500 even with a careful ECB outlook
The EUR/USD pair has continued its downward trend for the second day in a row, trading at around 1.1510 during Asian hours on Monday. That said, the euro might find some support as cautious attitudes emerge regarding the European Central Bank’s (ECB) monetary policy direction. With inflation lingering near the 2% target, steady economic growth, […]
Bitcoin drops to seven-month low as digital currency falls to $80K range
Bitcoin Sees Major Drop On Friday, Bitcoin fell to a seven-month low, losing more than 20% of its value in a harsh November selloff that brought its price down to around $80,000. This sudden decrease means Bitcoin is now about 30% lower than its peak of over $120,000 in October, effectively erasing all gains made […]
Bitcoin Falls Under $87K as Chances of Fed Rate Cut Diminish, $900M Liquidated
Bitcoin dropped to an intraday low of $86,329, representing a 31% decrease from its peak of over $126,000 in early October. bitcoin news On Thursday, Bitcoin fell below the $87,000 mark for the first time since April, as traders recalibrated their expectations regarding a potential interest rate cut from the Federal Reserve. This was influenced […]
Pound Sterling falls following disappointing UK Retail Sales and preliminary PMI data.
The British pound took a noticeable hit against major currencies on Friday, primarily due to disappointing retail sales figures for October in the UK, alongside preliminary S&P Global Purchasing Managers’ Index (PMI) results for November. The Office for National Statistics (ONS) indicated that retail sales—a key indicator of consumer spending—dropped by 1.1% month-over-month. This was […]
US Dollar Index falls close to 100.00 due to varied employment figures and uncertainty about interest rate cuts
US Dollar Index Update The US Dollar Index (DXY), which gauges the value of the US dollar against a group of six global currencies, was trading around 100.15 in negative territory during the Asian session on Friday. Inconsistent delays in U.S. employment statistics haven’t really clarified the situation regarding interest rates. Traders are looking forward […]
Bitcoin Price Falls to $86,000 as Market Experiences Intense Fear
Bitcoin’s price has dipped over 1% in the last 24 hours, hitting a low of $86,610, while the 24-hour trading volume stood at $87 billion. Right now, Bitcoin is trading about 5% lower than its seven-day high of $92,944, reaching new lows for both the week and the last seven months. Currently, there are 19,956,000 […]
Miss Jamaica falls off stage and is taken away on a stretcher during the Miss Universe competition
Miss Jamaica Falls at Miss Universe Event In a surprising incident, Dr. Gabrielle Henry, representing Jamaica, fell from the stage during the Miss Universe qualifying evening gown round held in Thailand. While wearing a stunning orange dress, she was walking on a Bangkok stage when she unexpectedly stumbled off the edge of the dark runway. […]
Disney Stocks Tumble as Revenue Falls Short, Casting a Shadow over Bob Iger’s Upcoming Departure
Disney’s Share Drop Following Lackluster Earnings Last week, Disney’s stock took a hit, dropping nearly 8%, and the trend continued this week after the company’s fourth-quarter earnings failed to meet Wall Street forecasts. The revenue report showed a near standstill at $22.46 billion, adding a cloud over CEO Bob Iger’s second term. The operating profit […]
Almost $115 Million in Long Positions Liquidated as Bitcoin Falls to 7-Month Low, Is $70,000 Next?
Crypto Market Update In a surprising turn of events, more than $112 million in long positions were liquidated within just an hour as traders braced for the FOMC meeting. Bitcoin, having recently breached the critical $90,000 mark, saw many positions vanish, leading to a substantial decline. Data from Coinglass reveals that this liquidation occurred as […]