Category: Drops
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Bitcoin Continues To Exit Exchanges As Supply Drops To New 2024 Low
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On-chain data shows that the supply of Bitcoin on exchanges has hit a new low this year as investors continue to withdraw their coins. Bitcoin Exchange Reserve has been on a downward trend recently. As one analyst at CryptoQuant Quicktake explained, mailBitcoin exchange reserves have continued to decline recently. “Exchange…
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Edgar Bronfman drops Paramount bid, clearing path for Skydance deal By Reuters
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By Dawn Chmielowski and Anirban Sen (Reuters) – Media mogul Edgar Bronfman Jr. on Monday dropped out of the race to buy Paramount Global, paving the way for Skydance Media to take control of Shari Redstone’s media empire. In a statement, Bronfman said his bidding group informed Paramount’s special committee…
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Dollar drops against yen but broadly stable after last week’s decline By Reuters
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By Kevin Buckland and Sruthi Shankar TOKYO (Reuters) – The dollar fell to a three-week low against the yen on Monday but halted its recent slide against most other currencies as investors assessed the possibility that the U.S. Federal Reserve will soon begin a series of interest rate cuts. The…
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Nasdaq falls 1%, S&P drops as markets await Powell’s rate signals at Jackson Hole
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Major U.S. stock indexes fell on Thursday, with losses deepening ahead of Federal Reserve Chairman Jerome Powell’s speech on monetary policy at the central bank’s Jackson Hole Economic Symposium. Nasdaq Composite Index (Compound: Indian) -1.2%Standard & Poor’s 500 Index (SP500)) He was -0.7%and the Dow Jones Industrial Average (DJI) -0.6%with…
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Disney drops bid to use Disney+ contract to halt allergy death lawsuit
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Disney has backed down from its attempt to take a wrongful death lawsuit to arbitration, after a public backlash. The lawsuit, filed by Jeffrey Piccolo, seeks justice for the death of his wife, Dr. Kanokporn Tangsuwan, who died in 2023 after suffering a severe allergic reaction at Disney World in…
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Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops
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Amid the general financial market crash in early August, Ethereum (ETH) lost around 30% of its value, falling to $2,226 per unit. It is worth noting that in the past few weeks, the prominent altcoin has shown a great deal of resilience in climbing to the $2,600 price zone. However,…
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Ethereum To Remain Under Bearish Pressure As Taker Buy/Sell Ratio Drops
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Amid the general financial market crash in early August, Ethereum (ETH) lost around 30% of its value, falling to $2,226 per unit. It is worth noting that in the past few weeks, the prominent altcoin has shown a great deal of resilience in climbing to the $2,600 price zone. However,…
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Stocks Rally, Yen Drops as BOJ Eases Rate Worries: Markets Wrap
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(Bloomberg) — Stocks rose after the Bank of Japan moved to reassure markets following historic volatility sparked in part by an unexpected interest-rate hike last week. Most Read from Bloomberg The Stoxx Europe 600 index rose 0.5%, with progress slowed by disappointing earnings reports from some of the region’s biggest…
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TA of the Day: Gold Drops Amid Global Market Sell-Off But Bounces. Will the Uptrend Resume?
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Despite being considered a safe haven, gold has not been immune to Market sentiment shifts to a major risk aversion With market participants selling assets on a massive scale. Backed by recession fears and Clearing the global pregnancy tradeGold fell more than 1% today, reaching $2,410 an ounce. The sell-off…
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Stacks (STX) Drops 23%, But Recent Devs Might Slow The Trend
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Amidst the hostile market environment, Stacks (STX) continued its decline as bears intensified the pressure. According to Queen GeckoThe token has fallen by almost 23% since last week, exacerbated by the current correction phase the market has entered. The latest market data shows that major cryptocurrencies such as Bitcoin And…
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Bitcoin Price Drops To $62k As Crypto Market Mirrors Stocks
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The cryptocurrency market has seen a major decline, with Bitcoin today falling to its lowest level since mid-July, falling to nearly $62,000. The sharp decline mirrored a broader sell-off in the stock market, as investors reacted to the latest economic data and geopolitical tensions in the Middle East. Bloodbath in…
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Bitcoin Price Drops To $62k As Crypto Market Mirrors Stocks
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The cryptocurrency market has seen a major decline, with Bitcoin today falling to its lowest level since mid-July, falling to nearly $62,000. The sharp decline mirrored a broader sell-off in the stock market, as investors reacted to the latest economic data and geopolitical tensions in the Middle East. Bloodbath in…
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Telegram’s gaming scene faces a hiccup as Catizen and Hamster Kombat delay their token drops
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With Catizen and Hamster Kombat failing to meet their airdrop deadlines, what are the underlying issues causing these delays? Lately, there has been a lot of buzz in the Telegram gaming community about two highly anticipated air currencies: CATI from the puzzle game Catizen and HMSTR from the clicker-to-earn (T2E)…
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Ethiopia’s birr drops 30% as central bank floats currency By Reuters
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Written by Dawit Endeshaw ADDIS ABABA (Reuters) – Ethiopia’s central bank decided to float the country’s birr currency on Monday, a move the government hopes will secure International Monetary Fund support and make progress on a long-delayed debt restructuring. The Commercial Bank of Ethiopia, the country’s largest lender, said the…
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Swiss private bank Julius Baer H1 profit drops 15% By Reuters
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ZURICH (Reuters) – Swiss private bank Julius Baer reported a 15 percent drop in profit in the first half of 2024 on Thursday, a turbulent period that saw its chief executive step down in the wake of the multi-million dollar Cigna debacle. The Zurich-based bank said adjusted net profit fell…
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Elon Musk and Vinod Khosla spar about Trump after Biden drops out
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The battle for Silicon Valley’s political soul — and donations — is back in full swing after President Joe Biden announced Sunday that he is dropping out of the 2024 presidential race. It didn’t take long for the world to hear about his withdrawal from the 2024 presidential race. Richer…
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Dollar eases as Biden ends re-election bid, drops vs yen By Reuters
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By Kevin Buckland and Stefano Ribaudo (Reuters) – The dollar was slightly lower against a basket of currencies on Monday while falling sharply against the yen as investors focused on U.S. President Joe Biden’s decision to end his re-election campaign and the next moves from the Federal Reserve and the…
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Asia FX weak, dollar edges lower after Biden drops presidential bid By Investing.com
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Investing.com – Most Asian currencies were steady on Monday after an unexpected interest rate cut in China provided some cheer, while the dollar fell after President Joe Biden said he would not seek re-election. Biden has endorsed Vice President Kamala Harris, who is now likely to face Republican front-runner Donald…
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Joe Biden drops out of re-election race, backs Harris to replace him on ticket
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President Biden said Sunday he will withdraw from his position as the presumptive Democratic nominee after weeks of criticism following a poor debate performance and a rebellion by prominent Democratic donors. in Message posted On his X account, Biden reviewed his accomplishments while in office, and said he would address…