NASDAQ Financial News

The looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global stocks to post their worst day in almost two years. If it wasn’t an all-out market panic, it came pretty close.

Bitcoin was conceived more than a decade ago as «digital gold,» a long-term store of value that would resist broader economic trends and provide a hedge against inflation. But bitcoin's crashing price over the past month shows that vision is a long way from reality. Instead, traders are increasingly treating the cryptocurrency like just another speculative tech investment. Since the start of this year, bitcoin's price movement has closely mirrored that of the Nasdaq, a bench mark that's heavily weighted toward technology stocks, according to an analysis by the data firm Arcane Research. That means that as bitcoin's price dropped more than 25% over the past month, to under $30,000 on Wednesday — less than half its November peak — the plunge came in near lock step with a broader collapse of tech stocks as investors grappled with higher interest rates and the war in Ukraine.

Cardano (ADA) pared a big portion of the weekly losses incurred during this week's crypto market rout. 

The recent crashes in stock and cryptocurrency markets have provided yet another chance to observe better return opportunities of crypto versus stocks, according to several industry executives.

XP informed Cointelegraph that XTAGE will launch in Q2 2022 and will be fully integrated into the XP Inc ecosystem — the largest investment brokerage in Brazil with more than 3.5 million clients and $168 billion assets under custody.

Stock futures were slightly higher Wednesday evening after the latest CPI data showed inflation is still running hot.

The looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global stocks to post their worst day in almost two years. If it wasn’t an all-out market panic, it came pretty close.

The biggest cryptocurrency exchange in the US said it was bleeding users, reflecting continued destruction in the crypto market and investors’ unease about risky assets.

Stock futures dipped in overnight trading Tuesday ahead of a key inflation reading.

Bitcoin has scant experience with rising interest rates, posing perils for investors looking to capitalize on its dramatic drop. The cryptocurrency has tanked along with other risk assets such as tech stocks after the Fed amped up rates last week, sending them on a trajectory that's expected to pass 3% early next year. Bitcoin was an awkward child on the fringes of finance during the Fed's previous tightening cycle, from 2016 to 2019, and was barely correlated with stocks. The last time interest rates hit 3%, in 2008, it was but a gleam in the eye of Satoshi Nakamoto.

The looming fear of rising interest rates spooked traders at the start of the week into selling anything and everything, causing global stocks to post their worst day in almost two years. If it wasn’t an all-out market panic, it came pretty close.

U.S. stock futures are slightly higher on Monday night after the S&P 500 fell to its lowest point in more than a year.

Stock futures fell on Sunday evening as traders looked for the market to find its footing after a dramatic week of trading.

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May 5th was a bloodbath for traditional and cryptocurrency markets. On the worst day of trading since 2020, Bitcoin (BTC) dropped over 7% while the NASDAQ slipped over 5%. 

Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020.

US stocks fell sharply, led by technology and other growth stocks, as investors assessed the implications of Federal Reserve’s most aggressive tightening of monetary policy in more than two decades.

Bitcoin (BTC) lost almost $1,000 in the first hour of Wall Street trading on May 5 as a brief rally ended in disappointment.

Stock futures fell slightly after the Federal Reserve raised rates by half a point and the major averages rallied to end the day.

Scared of being left in the digital dust, private equity investors are stampeding towards crypto projects — blockchain-based apps and platforms fuelled by cryptocurrencies that are native to the virtual economies of the metaverse and Web3. VC investment in such projects totalled $10 billion globally in the first quarter of this year, the largest quarterly sum ever and more than double the level seen in the same period a year ago, according to data from Pitchbook.

Historically, decentralization seemed to be the motive behind people adopting cryptocurrencies. However, the drastically-changing scenario in the traditional market is pushing people to view crypto tokens as serious long-term investments.