The U.S. is discussing with its European allies a price cap on Russian oil. The goal is to keep Russian oil flowing into international markets but curb budget revenues from it to discourage Russia from continuing the war in Ukraine. Theoretically.
SINGAPORE — Shares in Asia tumbled on Monday, as major markets in the region saw sharp losses and the dollar-yen hovered around the 135 level.
South Korea’s Kospi fell 3.3%, led by tech shares like Samsung Electronics...
Bitcoin and other cryptocurrencies continued a wide-ranging decline over the weekend following Friday's release of the latest inflation data reaching a new 40-year high.
A further decline on Sunday puts bitcoin on a six-day losing streak.
Ethereum’s native token Ether (ETH) entered its “oversold” territory this June 12, for the first time since November 2018, according to its weekly relative strength index (RSI).
ETH eyes oversold bounce
Traditional analysts...
Bitcoin (BTC) saw further losses on June 12 as thin weekend trading volumes fueled an ongoing sell-off.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
Analyst likens risk asset 'pump' to 1929
Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting lows of $27,150 on its sixth straight day of downside.
With hours to go until the...
Bitcoin (BTC) dropped to two-week lows on June 11 as the week’s Wall Street trading ended with bears in control.
BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView
U.S. inflation print proves setback
Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it reached $28,528 on Bitstamp, its lowest since May 28.
The pair had fallen in...
Previous Nasdaq bear markets have differed significantly in both intensity and duration.
It isn't fun losing money. Unfortunately, that's exactly what's happening for a lot of investors these days -- especially those who own once high-flying growth stocks.
The Nasdaq Composite Index (^IXIC -3.52%), which includes many of those growth stocks, is currently down...
Another market crash at some point is inevitable. The real question is, when will it happen?
With the recent inflation news driving another massive stock sell-off, investors are once again getting nervous about the future. After all, high inflation means that the Federal Reserve is expected to continue to be forced...
Stock Markets
Over the last five days of trading, stocks plunged sharply on further news of rising inflation rates. The Dow Jones Industrial Average (DJIA) dropped 1,506.91 points (4.58%) during the week, a full 880.00 points (2.73%) on Friday alone. The S&P 500 Index lost 207.68 points (5.05%) while the...
Global financial markets once again find themselves trending lower on June 10 after the Consumer Price Index (CPI) came in at a blistering 8.6% year-over-year increase, the highest print since 1981.
The hotter-than-expected CPI print resulted in a collapse...
