Market Overview - Page 236

The British pound took a beating on Monday as the U.K. faces concerns over a new coronavirus strain as well as uncertainty stemming from Brexit trade deal negotiations. Over the weekend, the U.K. said it had identified a new strain.

Global markets have retreated from the highs reached yesterday, which can largely be attributed to the desire of some players to lock in some gains after the big moves earlier this week. The main culprit for the market movements was.

Bitcoin (BTC) trading around $22,818 as of 21:00 UTC (4 p.m. ET). Gaining 9% over the previous 24 hours. Bitcoin’s 24-hour range: $20,756-$23,770. BTC below its 10-hour moving average but well above the 50-hour on the hourly chart, a bullish-to-sideways.

DApp transaction volume has topped $270 billion so far in 2020, with 95% of this figure belonging to Ethereum’s DeFi ecosystem, according to DappRadar. That’s an astonishing 1178% increase from last year’s total of $21 billion. The blockchain data provider.

Britain and the European Union struck a pessimistic tone in trade talks on Thursday, with a spokesman for Prime Minister Boris Johnson saying it was “very likely” there would be no agreement unless the bloc changed its position “substantially”. Just.

Tesla’s grand entrance into the S&P 500 is expected to be preceded by a huge trade, with an unprecedented $80 billion of the electric car maker’s stock changing hands by the end of the session on Friday. Elon Musk’s Tesla.

Asian shares on Friday slipped from the record they hit a day earlier, but the prospect of a major U.S. coronavirus relief package left some investors still in the mood to pick up stocks and other risk-exposed assets. MSCI’s broadest.

U.S. stock index futures were lower in early morning trading on Friday, after the major averages closed at new highs. Futures contracts tied to the Dow Jones Industrial Average fell 79 points. S&P 500 futures and Nasdaq 100 futures also.

U.S. President-elect Joe Biden’s pick for his incoming administration’s top trade official will likely carry on a tough line against China, according to former Trump trade negotiator Clete Willems. Biden last week named Katherine Tai, a trade lawyer, as his.

A hedge fund specializing in volatility bets has emerged as one of the largest investors in Bitcoin after quietly buying more than $600 million in cryptocurrencies and joining forces with Alan Howard, the co-founder of Brevan Howard Asset Management. Eric.

As the second-largest altcoin by market capitalization, XRP is hardly far from consideration during periods of significant bullish enthusiasm in the cryptocurrency market. Despite being 85% down from its January 2018 high, recent price spikes have sparked noticeable interest in.

The weakening of the dollar is gaining momentum, pushing investors to other assets. There is a rush of demand in many markets, from the euro and gold to equities and cryptocurrency markets. In the final meeting of 2020, the FOMC.