Market Overview - Page 195

Key US and European stock indices are under moderate pressure on Wednesday, while tensions are rising in emerging markets. The Chinese FTSE A50 and H-shares indices have lost 1.5% and 2.5% so far today, reflecting a U-turn in global investor.

Digital-asset traders and analysts were scrambling Tuesday to assess a fresh data point extracted from the Bitcoin blockchain: Some $806 million worth of the cryptocurrency apparently transferred earlier in the day off of the Coinbase exchange’s institution-focused unit, Coinbase Pro..

The price of Bitcoin (BTC) dipped below $56,000 on March 21 after repeated rejections by the $60,000 resistance level throughout the past four days. Despite getting closer to cleanly breaching past the key technical level, Bitcoin has been showing weakness.

The U.S. Treasury said on Tuesday it would issue further guidance on a contested provision in President Joe Biden’s $1.9 trillion coronavirus relief package that prohibits states from using stimulus money to replace revenue lost to tax cuts. The provision.

The safe-haven U.S. dollar approached a four-month high on Wednesday as concerns over a third COVID-19 wave in Europe, potential U.S. tax hikes and escalating tensions between the West and China sapped risk appetite. The yen also strengthened and U.S..

Oil prices steadiedr on Wednesday, following the previous day’s slump, but the recovery was stunted by fears of a slow recovery in demand due to new pandemic lockdowns in Europe and a build in U.S. crude stocks. Brent crude futures.

U.S. stock futures were flat in overnight trading on Tuesday amid renewed investor concern about the global recovery from the coronavirus pandemic. Dow futures rose 10 points. S&P 500 futures gained 0.04% and Nasdaq 100 futures rose 0.15%. On Tuesday,.

Intel announced on Tuesday that it will spend $20 billion to build two new chip factories, called fabs, in Ocotillo, Arizona. Intel stock rose as much as 5% on the news in extended trading on Tuesday. The announcement, coinciding with.

Chinese video platform Bilibili will raise around $2.6 billion in its upcoming Hong Kong listing. The Nasdaq-listed technology company said on Tuesday that it will price the 25 million shares it will issue at 808 Hong Kong dollars each. That.

On the eve of the anniversary of the coronavirus “bottom” and the subsequent reversal to growth, positive sentiment prevailed in developed markets, but this had faded by early Tuesday.  The currency market looks increasingly anxious, showing a bias towards safe-havens,.

Analytics provider Glassnode is reporting that current on-chain indicators suggest the Bitcoin bull market may be entering into its later stages. In its March 22 Week on Chain report, on-chain analytics provider Glassnode noted a decline in the number of.

A year to the day after they were first ordered to stay at home to contain the spread of COVID-19, Britons will remember the more than 126,000 people who have lost their lives to the virus, a toll few could.