On-chain data shows Bitcoin funding rates have sunk into deep negative values, something that could pave way for a short squeeze in the market.
Bitcoin All Exchanges Funding Rate Has A Red Value Right Now
...
Check out the companies making headlines in midday trading.
Micron Technology – Shares of the chipmaker fell 3% after the company issued disappointing fiscal fourth-quarter guidance and said weakening consumer demand will hurt smartphone sales. The warning pulled down other chip stocks, which were among the top decliners in the S&P 500....
Stocks rose on Friday to start the quarter after the S&P 500 closed out its worst first-half performance in decades.
The Dow Jones Industrial Average rose 321.83 points, or 1.1%, to 31,097.26. The S&P 500 rose 1.1% to 3,825.33. The Nasdaq Composite was also up by 0.9% to 11,127.85.
Homebuilder stocks...
Bitcoin just finished its worst month on record, losing more than 38% of its value in June, as of Thursday afternoon. Ether, the world’s second-biggest cryptocurrency by market capitalization, ended the same period down by about 47%.
Though weakness in the digital assets sector is part of a broader flight...
Goldman Sachs analysts believe Bitcoin and the crypto market could see some relief, but only further short and mid-term turmoil. A recent report from the banking institutions claims the crypto market has been moving in tandem with the U.S. stock market and thus it has been affected by the...
Stock Markets
Over the week just concluded, the stock markets showed took a further dip ahead of a long holiday weekend. The Dow Jones Industrial Average (DJIA) closed 1.28% lower week-on-week with all sectors down except for the utility sector which managed to average 4.09% up. The S&P 500 Index...
Bitcoin on Thursday fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a liquidity crisis among high-profile crypto companies.
Bitcoin was last trading 5.7% lower at $18,978.60, according to Coin...
Electric truck startup Nikola is still short of clearing a shareholder hurdle to raise new funds, the company said Thursday – hampered by the objections of its disgraced and now-departed founder.
The long-embattled company is seeking to...
Bitcoin on Thursday posted its worst quarterly loss in more than a decade.
The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has...
The Dow Jones Industrial Average had a dismal first half of the year.
The Dow Jones Industrial Average gave up another 254 points today, as the first half of the year came to an end in what has been...
