Market Overview - Page 224

Bitcoin (BTC) slid under $33,000 for the first time in over a week on Jan. 21 as selling pressure gathered to drive price action lower. Data from Cointelegraph Markets and TradingView showed BTC/USD continuing its downtrend on Thursday, dropping 7.%.

Bitcoin closed in on the lowest in three weeks as the cryptocurrency’s sizzlying rally gives way to pessimism that prices are too high. Bitcoin tumbled 5.9% on Thursday, sliding below $33,000. The largest digital asset has trended lower ever since.

The euro ticked higher before a meeting of the European Central Bank on Thursday, with the dollar declining versus major peers as plans for a massive U.S. stimulus package fuelled market optimism and sapped demand for safe-haven currencies. Stock markets.

Asian stocks scaled to record highs on Thursday as investors were hopeful the incoming Biden administration will be able to secure passage of a massive new stimulus package to cushion the economic damage of the COVID-19 pandemic. Republicans in the.

More Chinese investors are piling into the local stock market. In December, the mainland stock market recorded 1.62 million new investors — double the 809,300 reported a year ago, according to China Securities Depository and Clearing. The organization handles trades.

Famed investor Jeremy Grantham on Thursday reiterated his warning that Wall Street is in a bubble as individual traders get “carried away.” “They’re becoming euphoric … They’re borrowing money. They’re trading more shares,” Grantham, co-founder and chief investment strategist at.

Leaders from around the world reacted to the inauguration of U.S. President Joe Biden and Vice President Kamala Harris on Wednesday. The reactions ranged from offerings of congratulations, pitting their countries and economies to the forefront of Biden’s foreign policy.

US Treasury nominee Jeannette Yellen called on Congress to “act big” to help the world’s biggest economy overcome the effects of the pandemic slump. Her comments, although expected by most participants, are still having a positive effect on markets on.

The price of Bitcoin (BTC) dropped sharply from $37,800 to $35,000 overnight, liquidating $572 million worth of cryptocurrency futures positions. There are three major reasons why the price of Bitcoin declined steeply in the past 12 hours. The reasons are.

After ending 2020 facing a lawsuit from the U.S. Securities and Exchange Commission under Donald Trump’s administration, Ripple’s leadership is looking to the new year and a new U.S. President to bring a change in regulations more favorable to the.

Preserving favorable financing conditions over the pandemic period.” Those are the words from the European Central Bank that are likely to come to the fore over the next few months, as the Frankfurt-based organization changes tact after bolstering its 1.85.

U.S. corporate results and profit outlooks are becoming increasingly important in sustaining investor optimism in a stock market rally that has driven valuations close to a 20-year high. With fourth-quarter reports starting to pour in, the benchmark S&P 500 is.