There are speculations that the price drop is traceable to further tension from Russia’s invasion of Ukraine and also the US Federal Reserve interest adjustment policy.
European markets opened 1.3% lower at the beginning of the week as investors continue to monitor developments around the war in Ukraine.
Tesla announced record Q1 numbers that surpassed analysts’ expectations in revenue and earnings per share despite supply chain issues.
The Ethereum network is known for its very high gas fees, however, Coinbase said it will not charge any fees for a limited amount of time.
European stocks turned positive after opening at the flatline as markets assess the Ukraine war and predictions from the World Bank and IMF.
Following a 35% fall after reports on the subscribers’ loss, Netflix is now down 27.15% in the pre-market trading.
The first Australia Bitcoin ETF will not take the usual route like other ETFs. Rather than investing directly in Bitcoin, the Fund will invest in shares of Purpose Investment’s Bitcoin ETF.
Bitcoin is showing signs of bounceback after a strong correction earlier this week. However, analysts predict that the chances of Bitcoin going lower could be higher from here.
According to the World Bank, factors including the war in Ukraine, fuel prices, and food shortages have caused a reduction in global growth.
Elon Musk posted the “Love Me Tender” tweet a few days after he created a poll about taking Twitter private.
Although analyst are expecting a majority of the S&P 500 companies to deliver better-than-expected results, fears on inflation and interest rate hikes are dragging stock down.
Tesla and SpaceX Boss Elon Musk offers to buy Twitter a little over a week after revealing a sizable investment in the social media giant.
Since December 1981, the US has not registered an inflation increase of as much as 8.5% in 12 months.
Fingers are crossed in the expectation of earnings results from major banking giants in the US.
The 10-Year Treasury Yield grew by 2.78% representing a three-year high. Events that push these yields to historic highs typically fuel the dumping of risky assets.