Whales in the market aim for $ 0.20

Millions of XRP tokens have been transported to the Bitstamp exchange. Ripple’s XRP price has breached below a critical Fibonacci Retracement tool. Invalidation of the downtrend is a breach and close above $ 0.35. Ripple’s XRP price shows concerning signals to end the month of June. Investors should prepare for a devastating blow. Ripple’s XRP … Read more

Wild First Half in Markets Sets Stage for More Big Moves in Rest of 2022

Town WSJ Graphics Staff July 1, 2022 5:30 am ET Listen to article (1 minute) Markets got off to a bad start in early 2022, and the situation has grown worse since then, with broad selloffs in stocks, bonds and cryptocurrencies. As investors look ahead to the second half of the year, they are asking … Read more

Bitcoin closes June down 40% and below $ 20k as markets see recession fears, contagion risks

(Kitco News) The world’s largest cryptocurrency is down 40% in June, ending the month below its key level of $ 20,000. The markets are downbeat as the focus shifts to rising recession fears and more contagion risks in the crypto space. Bitcoin touched a low of $ 18,917 on Thursday, with … Read more

Stock Futures Drop on Final Trading Day of Grueling Quarter

US stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half and considered updated readings on consumer spending and inflation. Futures tied to the S&P 500 dropped 1.1%, a day after indices finished slightly changed. Dow Jones Industrial Average futures fell 1% while technology-heavy Nasdaq-100 futures lost 1.1%.

Stock Market Today: Dow Futures Drop as Brutal First Half of 2022 Draws to End

Text size Investors continue to fret over the pathway of the Federal Reserve’s monetary policy. Saul Loeb / AFP via Getty Images Stocks dropped on Thursday and were set to end a brutal first half of the year as the familiar fears of more interest rate increases and the risk of recession continued to weigh … Read more

DeFi’s Existential Problem: It Only Lends Money to Itself

Remember how the banking system self-destructs every few decades? Now imagine if banks only lent money to finance other banks, and you may get a notion of the house of cards that is “decentralized finance,” or DeFi. Cryptocurrencies keep nosediving, with bitcoin hovering around $ 20,000 for the first time since 2020. The chaos has … Read more

Crypto Hedge Fund Three Arrows Ordered by Court to Liquidate

A British Virgin Islands court ordered the liquidation of Three Arrows Capital Ltd. after creditors sued the cryptocurrency hedge fund for failure to repay debts. Nichol Yeo, a partner at law firm Solitaire LLP, said Three Arrows Capital is considering its options and seeking legal advice in the British Virgin Islands.

Who are the 50 people influencing markets most this year? Tell us what you think.

This is a year in financial markets that will be remembered. Stocks had their worst start to a year since the Great Depression and quickly entered a bear market. Bitcoin and other cryptocurrencies plunged by more than 60%. The Federal Reserve delivered the biggest interest-rate hike in decades. Oil prices surged past $ 100 a … Read more

Who are the 50 people influencing markets most this year? Tell us what you think.

This is a year in financial markets that will be remembered. Stocks had their worst start to a year since the Great Depression and quickly entered a bear market. Bitcoin and other cryptocurrencies plunged by more than 60%. The Federal Reserve delivered the biggest interest-rate hike in decades. Oil prices surged past $ 100 a … Read more