This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
The recent European market slip indicates that investors remain cautious about the potential macroeconomic headwinds next year.
As US listing prospects improve, several US-listed Chinese tech players have halted their Hong Kong listing plans.
Traditional automaker Ferrari surprisingly came out at the top of auto stocks for 2022, beating out EV companies.
With over 946 theatres and a better liquidity position, AMC anticipates performing better in 2023 than in 2022.
Growth stock Tesla has come under huge selling pressure correcting 72% year-to-date and giving a lead to Bitcoin. Some market analysts believe that the bear market in crypto is far from over and there’s more pain to come ahead.
The Tesla stock has fallen 44% in December and more than 59% during the fourth quarter of this year.
The suspension of trading activity is because of a major announcement by Argo blockchain on Wednesday. Earlier this month, Nasdaq suspended trading activity for the Bitcoin miner on rumors of the bankruptcy filing.
Crypto exchange Coinbase plunged to a $32.65 all-time low as the S&P 500 and the Nasdaq Composite also slipped up.
Apple stock has declined approximately 26 percent and 13 percent in the past twelve months and three months respectively.
China funeral facilitator Fu Shou Yuan saw its shares recently rally to 7.04 Hong Kong dollars after being down 40%.
The 10-year Treasury yield was up 1 basis point in anticipation of the Fed’s next move regarding inflation.
Notably, the Federal Reserve and European Central Bank (ECB) have noted their intentions to increase interest rates.
Canaccord Genuity cut its Tesla shares price target from $304 to $275 citing “cosmically bad” public sentiment and a “distraught” shareholder base.
The CEO of Ripple recently suggested that Wells Fargo did not receive the ‘FTX treatment’ despite exploiting its customers.
As the Treasury yields bounce, the top market indices also have their share of mixed performance, and the crypto industry continues to wallow in losses.