Futures extend recovery ahead of U.S. business surveys
U.S. stock index futures ticked higher on Friday, extending a recovery from the previous session, as attention shifted to business surveys at the end of a volatile week of trading.
NFT enthusiasts hold firm despite crypto price plunge
This week’s cryptocurrency price plunge eroded the dollar-based value of NFTs and raised the cost of buying and selling them, in what could be a setback for the burgeoning digital asset market. But NFT collectors are not bailing out.
Wall Street snaps 3-day losing streak as technology stocks rise
Wall Street’s main indexes rebounded on Thursday after a three-day slide, buoyed by gains in technology stocks as the smallest weekly jobless claims since the start of a pandemic-driven recession lifted the mood.
Bitcoin slips below $40,000 as recovery fades
Bitcoin fell 3% on Friday, giving up early gains, as its recovery from this week’s massive plunge showed signs of faltering.
Tesla’s bitcoin value dives; Musk signals hold with ‘diamond hands’ tweet
The market value of Tesla Inc’s (TSLA.O)bitcoin holdings have fallen by half to $1.26 billion, close to the electric car maker’s purchase cost, as the cryptocurrency’s value plunged following a crackdown by the Chinese government.
Wall Street closes lower after Fed minutes, crypto fall
Wall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank’s goals, with some eyeing a future discussion of tapering its bond buying program.
Bitcoin’s star backers, dip buyers help cryptos recover
Bitcoin regained some lost ground to trade near $40,000 on Thursday, a day aftera brutal selloff on concerns over tighter regulation in China and unease over the extent of leveraged positions in the cryptocurrency world.
Stocks struggle as taper talk, crypto crash put markets on edge
Stock markets struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar.
Slide in cryptocurrencies, other high-fliers, comes amid looming U.S. inflation worries
A selloff in cryptocurrencies, high-growth stocks and other high-flying assets may be signalling a more cautious outlook among market participants after a stretch of rampant exuberance, investors and analysts said.
Stocks slip, crypto haemorrhage deepens amid inflation worries
Global stocks slipped and cryptocurrencies sank on Wednesday as a threat of unwanted inflation had investors shy away from assets seen vulnerable to any removal of monetary stimulus.
