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Market Overview - Page 261


$1B of Bitcoin from Silk Road wallet moves for first time since 2015
$1B of Bitcoin from Silk Road wallet moves for first time since 2015

An anonymous crypto user has just moved 69,370 Bitcoin from an address associated with the Silk Road darknet market, that more recently has become a popular hacking target. According to a Nov. 3 report from crypto intelligence firm CipherTrace, the.

Alibaba shares dive 7% as Ant Group’s record $34.5 billion IPO is suspended
Alibaba shares dive 7% as Ant Group’s record $34.5 billion IPO is suspended

Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended. The Shanghai and Hong Kong stock exchanges made the announcement on Tuesday. Alibaba, which owns a roughly 33% stake in Ant Group, saw its Hong.

Gold will be a winner no matter who clinches the U.S. election
Gold will be a winner no matter who clinches the U.S. election

Gold and gold miners are set to benefit no matter who wins the U.S. election this week, one investor told CNBC. That’s because the United States will likely to adopt a sizeable fiscal stimulus program no matter which candidate wins.

Dollar dips as investors bet on Biden victory
Dollar dips as investors bet on Biden victory

The U.S. dollar dipped on Tuesday as risk appetite grew on bets that Democrat Joe Biden will win Tuesday’s U.S. presidential election and launch a large new stimulus package, and as the greenback faced resistance at the top of its.

Ant Group’s record $34.5 billion IPO in Shanghai and Hong Kong is suspended
Ant Group’s record $34.5 billion IPO in Shanghai and Hong Kong is suspended

Ant Group’s world record-setting initial public offering in Shanghai and Hong Kong has been suspended. The Shanghai and Hong Kong stock exchanges made the announcement on Tuesday. Alibaba, which owns a roughly 33% stake in Ant Group, saw its shares.

Zero-sum game: DeFi declines while Bitcoin booms
Zero-sum game: DeFi declines while Bitcoin booms

The co-founder of crypto data aggregator Markets Science, Twitter-user ‘Bitdealer,’ has shared a chart indicating negative correlations between 11 top DeFi tokens and BTC over the past 45 days to Nov.1, with AAVE showing neutral correlation and UNI showing confluence.

Aussie suffers as Australia can’t rely on China
Aussie suffers as Australia can’t rely on China

Global markets are growing on Tuesday on robust manufacturing data. Monday’s trading session in the US ended with a marked increase of over 1%. Usually, this performance would have easily been called a rally, however, at the moment we are.

Bitcoin just had its biggest mining difficulty drop since 2011
Bitcoin just had its biggest mining difficulty drop since 2011

Bitcoin (BTC) saw its biggest negative difficulty adjustment in almost 10 years on Nov. 3 as the network flawlessly takes care of itself. Data from monitoring resource BTC.com shows that the Bitcoin difficulty automatically readjusted by 16% on Tuesday. Estimates.

Oil prices extend rally ahead of U.S. election
Oil prices extend rally ahead of U.S. election

Oil prices extended their rally on U.S. Election Day amid a recovery in financial markets on Tuesday, but concerns over surging coronavirus cases around the world capped further gains. Brent crude futures rose 70 cents, or 1.8% to $39.67 a.

Trump or Biden, investors expect a weaker dollar
Trump or Biden, investors expect a weaker dollar

The battered dollar’s long-term fortunes are unlikely to improve regardless of who wins Tuesday’s U.S. presidential election, investors and analysts said. Despite its recent bounce against a basket of currencies, the dollar index is still down about 9% from its.

Saudi Aramco’s net profit drops 45% in the third quarter
Saudi Aramco’s net profit drops 45% in the third quarter

Saudi Aramco’s net profit fell 44.6% in the third quarter of 2020 compared to the same period last year, reflecting continued damage to oil demand and prices from the global coronavirus pandemic. Net profit dropped to 44.21 billion riyals ($11.8.

European markets brace for a U.S. election unlike any other
European markets brace for a U.S. election unlike any other

The potential for a protracted contest following Tuesday’s U.S. election means European markets may face a more volatile aftermath than in previous presidential races. In 2016, the shock of President Donald Trump’s victory sent European stocks south on the night,.

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