Bitcoin resumes selloff after China cracks down on cryptocurrency mining
China has long expressed displeasure with anonymity provided by crypto tokens
Source: irishtimes.com
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Bitcoin resumes sell-off as China cracks down on cryptocurrency mining
China has long expressed displeasure with anonymity provided by crypto tokens
Source: irishtimes.com
Bitcoin selloff resumes after China reiterates crackdown warning
Bitcoin resumed its selloff Friday after China reiterated a warning that it intends to crack down on cryptocurrency mining as part of an effort to control financial risks. The largest cryptocurrency fell 4.8% to $38,165 as of 11:11 a.m. in New York. The statement late Friday after a meeting of the Financial Stability and Development Committee was the latest blow in a rough week for the cryptocurrency market, rattled by forced selling and a possible U.S. tax clampdown. China has long expressed displeasure with the anonymity provided by Bitcoin and other crypto tokens, and warned earlier in the...
Source: aljazeera.com
Markets' frothy edge rattled in rough day for bets on innovation
Wednesday had the look of a tipsy market trying to sober up. From a crash of as much as 31 per cent in Bitcoin and even worse declines in other cryptocurrencies, to deep losses in so-called meme stocks like AMC Entertainment Holdings Inc. and GameStop Corp., the fervor for risk-taking that has defined 2021 took a major stumble. Some of these assets were able to bounce back up, and keep on carrying on. Bitcoin cut its plunge to less than 10 per cent by the end of the day, for example. Yet there are plenty of hangovers to go around. To put it more kindly, Michael Shaoul of Marketfield Asset Man...
Source: bnnbloomberg.ca
Asian Markets Mostly Rise Ahead Of Fed Meeting, Earnings
Asian Markets Mostly Rise Ahead Of Fed Meeting, Earnings 04/25/21 AT 10:56 PM Most Asian markets mostly rose Monday following a strong end to last week on Wall Street as traders turned their attention to the Federal Reserve's latest policy meeting and earnings from corporate giants. A strong reading on US and European manufacturing and services activity provided a positive catalyst for investors, who appear to have got over Joe Biden's plan to almost double capital gains tax, while Washington's decision to reapprove Johnson & Johnson's vaccine also lifted optimism. However, the president's $2...
Source: ibtimes.com