Crypto Long & Short: Traditional and Crypto Markets are Starting to Converge yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.
Bitcoin sees bear-market skid living up to its reputation for seismic price swings MarketWatch 1/11/2021
CRYPTOS
Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%.
Stop us if you’ve heard this story before.
The notoriously volatile asset, which has a record of massive downside slumps following a stratospheric run-up, touched a low of nearly 28% beneath its record high of $41,962.36 on Monday, based on CoinDesk. Bitcoin technically entered a bear market on Sunday and extended its slide early Monday before stabilizing somewhat.
For new investors in the world’s most popular cryptocurrency, a decline of that magnitude would likely represent a brutal hit to their digital-asset portfolio.
TechnipFMC
plc (the “Company”) (NYSE: FTI) (Paris: FTI) (ISIN:GB00BDSFG982) today announced the resumption of activities toward its planned separation into two industry-leading, independent, publicly traded companies: TechnipFMC, a fully integrated technology and services provider; and Technip Energies, a leading engineering and technology player. The separation would enhance TechnipFMC’s and Technip Energies’ focus on their respective strategies and provide both improved flexibility and growth opportunities, with each company uniquely positioned to capitalize on the energy transition.
The transaction is expected to be structured as a spin-off of a majority stake in TechnipFMC’s Technip Energies segment. The separation is expected to be completed in the first quarter of 2021, subject to customary conditions and regulatory approvals.