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Market Overview - Page 269


Whale alert — crypto user moves $1.1B in Bitcoin
Whale alert — crypto user moves $1.1B in Bitcoin.

With Bitcoin’s price continuing to hold close to $13,000, one crypto wallet has moved more than $1 billion of the digital asset. According to on-chain data, a Bitcoin (BTC) wallet holder moved more than 88,857 BTC — worth roughly $1.15.

China’s economic growth seen hitting 44-year low in 2020, bounce 8.4% in 2021: Reuters poll
China’s economic growth seen hitting 44-year low in 2020, bounce 8.4% in 2021: Reuters poll.

China’s economy is expected to grow at its weakest pace in over four decades even as it steadily recovers from a coronavirus-induced dive earlier this year, but overall output could rebound sharply in 2021, a Reuters poll showed. The world’s.

Stock market turbulence could last until the election, followed by a relief rally, strategists say
Stock market turbulence could last until the election, followed by a relief rally, strategists say.

The stock market turbulence could be a setup for a post-election rally. The roughly 2% decline in stocks Monday came amid new worries about the coronavirus, as average daily cases hit a record high in the U.S. At the same.

Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’
Chinese companies are leading the global IPO rush amid a ‘flight from uncertainty’.

Chinese companies are piling into what they see as a window of opportunity to raise billions from global stock markets, amid a host of uncertainties from the coronavirus pandemic to political tensions. Just take Alibaba-affiliated fintech giant Ant Group, which.

U.S. dollar rises on coronavirus surge, U.S. stimulus worries
U.S. dollar rises on coronavirus surge, U.S. stimulus worries.

The U.S. dollar gained on Monday, rising for a second straight session, bolstered by safe haven bids amid surging coronavirus cases in Europe and the United States as well as a lack of progress on a U.S. stimulus package. The.

Oil drops on rising virus cases, increasing Libyan output
Oil drops on rising virus cases, increasing Libyan output.

Oil prices fell on Monday, extending last week’s losses, as increasing coronavirus cases in the United States and Europe raised worries about energy demand, while Libya’s fast growing production also weighed on prices. Brent was down 80 cents, or 1.9%,.

Lira Weakens Past 8 per Dollar as Currency Rout Deepens
Lira Weakens Past 8 per Dollar as Currency Rout Deepens.

Turkey’s lira weakened through 8 per dollar for the first time amid deepening skepticism over the central bank’s efforts to shore up the currency at a time of rising geopolitical tensions. The lira fell as much as 1.3% to 8.0667.

Bitcoin: Highest weekly close since early 2018
Bitcoin: Highest weekly close since early 2018.

Bitcoin (BTC) starts a new week still at $13,000 and wholly unfazed by problems in the global economy — what’s in store next Cointelegraph takes a look at the potential issues at stake for Bitcoin in the coming days. Last.

China will become the world’s largest economy in the next few years
China will become the world’s largest economy in the next few years.

Chinese President Xi Jinping is about to deepen his mark on what could soon be the world’s largest economy. The central committee of China’s ruling Communist Party, led by Xi, is set to meet in Beijing from Oct. 26 to.

Oil prices tilt in favour of decline
Oil prices tilt in favour of decline.

Global markets were again under pressure at the beginning of the new week, with the oil situation looking particularly worrying. Earlier this month, it performed “above the market”, staying on the sidelines while the overall demand for risk declined. Since.

Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween
Scary Bitcoin volatility? $750M in BTC options set to expire for Halloween.

A big Bitcoin (BTC) volatility spike could occur by the month’s end as two major factors come into play. The BTC options market nears a massive $750 million expiration and the CME futures market’s open interest has also soared. When.

Tesla is reportedly shipping 7,000 made-in-China cars to Europe
Tesla is reportedly shipping 7,000 made-in-China cars to Europe.

Tesla will begin shipping made-in-China electric cars to Europe on Tuesday, according to Chinese media reports. About 7,000 Model 3s made at the Shanghai gigafactory are set for arrival in Belgium at the end of next month, with planned deliveries.

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