MATIC’s price lost its demand zone as the price struggled to hold above $0.7. MATIC’s price continues to look bearish with the market’s current state, as things look uncertain for most traders and investors. MATIC’s price looks weak as the price struggles to hold above $0.7, with the possibility of reclaiming the daily 50 Exponential … Read more
New York CNN Business — The spectacular implosion of cryptocurrency exchange FTXa so-called unicorn startup that was recently valued at $32 billion, is just the latest bit of bad news for investors in bitcoin, ethereum and other digital assets. But 2022 was already an awful year for crypto before the FTX-Binance soap opera. Bitcoin prices … Read more
In April 2022, the Tron network launched USDD, a token pegged to the U.S. dollar, as an “over-collateralized stablecoin,” meaning its likelihood of slipping below $1 should be lower due to excessive reserves backing its valuation. USDD stablecoin slips below $1 peg But it was not enough to keep USDD’s price anchored to $1 on Nov. … Read more
Tesla Inc. shares were poised to end at their lowest in nearly two years on Wednesday, following news that Chief Executive Elon Musk sold about $3.95 billion worth of shares a week after closing his deal for Twitter Inc. Tesla stock TSLA, -5.96% was on track to end at its lowest since Nov. 23, 2020, … Read more
(Bloomberg) — Tesla Inc. erased all of its gains from the past 17 months as investors continue to sell off the stock in the wake of Chief Executive Officer Elon Musk’s purchase of Twitter Inc. Most Read from Bloomberg The electric-vehicle maker’s shares closed down 5% to $197.08 in New York Monday, at the lowest … Read more
Crypto market leaders bitcoin (BTC) and ether (ETH) shed their relative calm and faced selling pressure early Tuesday as FTT, the native token of cryptocurrency exchange FTX, nosedived to 21-month lows on lingering concerns regarding trading firm Alameda’s balance sheet. At 4:30 UTC, bitcoin traded 4.3% lower on the day at $19,700, while ether changed … Read more
(Bloomberg) — Stocks and US futures fell after Jerome Powell said the Federal Reserve would raise interest rates more than previously anticipated, sapping risk appetite. Global bond yields rose. Most Read from Bloomberg The selloff spread in the wake of the S&P 500’s 2.5% drop on Wednesday. Chinese shares in Hong Kong underperformed after an … Read more
Elon Musk has joined the elite club of social media barons after clinching a $44bn takeover of Twitter in the same week that investors wiped hundreds of billions of dollars from Big Tech valuations. Musk’s drawn-out acquisition of Twitter, which he launched in April but attempted to abort in July, has closed just as a … Read more
Chinese technology stocks fell on Friday driving the Hang Seng Index to new lows. They seemed to be following U.S. investors who have fled from the sector after a string of disappointing earnings reports. Alibaba (ticker: BABA) stock was down 5% in Hong Kong, while JD.com (JD) fell around 7% and Baidu (BIDU) and Tencent … Read more
(Bloomberg) — Chinese equities fell again on Tuesday following a dramatic selloff, as traders remained unsettled by the prospect of market-unfriendly policies under President Xi Jinping’s third term. Most Read from Bloomberg The Hang Seng China Enterprises Index, a gauge of Chinese stocks listed in Hong Kong, fell 0.7% as of 10:09 a.m., extending Monday’s … Read more