Market Overview - Page 237

Bitcoin (BTC) lost $23,000 support on Dec. 21 as Monday trading saw a long-awaited correction begin to take shape. The move comes as U.S. futures also dropped in pre-market hours by roughly 2.5% on concerns over the new coronavirus strain.

Oil prices tumbled by $2 on Monday, as a fast-spreading new coronavirus strain that has shut down much of Britain and led to tighter restrictions in Europe sparked worries about a slower recovery in fuel demand. Brent crude was down.

Stock futures traded in the red early Monday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown deadline. Futures on the Dow Jones Industrial Average pointed to an opening drop of 300 points. S&P 500 futures.

Congress reached a deal Sunday on a $900 billion coronavirus relief package, a long-delayed effort to boost an American health-care system and economy buckling under the weight of the pandemic. Congressional leaders announced agreement on a bill — which will.

A highly contagious new variant of the coronavirus is causing countries in Europe and elsewhere to block travel from Britain. The U.K. last week warned of a new coronavirus variant that is thought to be up to 70% more transmissible.

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.