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(Sharecast News) - US stocks were mixed on Tuesday morning with the Dow continuing its recent sell-off as investors turned cautious amid rising concerns about inflation, with oil prices jumping more than 2%.
Bitcoin is on pace for its worst month in nearly a year and a half — despite the cryptocurrency’s so-called halving event on April 19, which some crypto bulls had hoped would provide a fresh catalyst for a rally.
Bitcoin sank Wednesday before the US Federal Reserve's interest rate call, and after a mixed launch in Hong Kong of investment products tracking the world's top cryptocurrency and rival ether. However, Hong Kong's first spot bitcoin and ether ETFs, launched on Tuesday, received a lukewarm reception.
Oil prices scored fresh five-month peaks Wednesday on unrest in the crude-rich Middle East and an OPEC+ call for its members to maintain its strategy of reducing output