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Bitcoin (BTC) may be making long traders miserable but one bullish analyst says that he is "relieved" that it has shed 22% in a week.In his latest social media update, quant analyst PlanB noted that the price dip to under $48,000 has sent BTC/USD below its target laid out by...

“Once Iran returns to nuclear compliance — assumed to be two months after a return to the deal is agreed — it will try to export as much oil as it can as fast as it can. It will not be subject to OPEC+ quotas and will instead fight to...

In any case, the stock market reacted negatively to the Bloomberg News report that the White House was considering doubling capital-gains taxes on the wealthy to help pay for social spending, as the S&P 500 SPX, -0.92% dropped by the most in a month. The news was particularly jarring to...

Bitcoin and other cryptocurrencies suffered hefty losses on Friday on fears that U.S. President Joe Biden’s plan to raise capital gains taxes will curb investment in digital assets.The selloff came after reports that the Biden administration was planning a raft of proposed changes to the U.S. tax code, including a...

The German DAX DAX, -0.28% slipped 0.2%, the French CAC 40 index UKX, -0.12% rose 0.1% and the FTSE 100 index UKX, -0.12% dipped 0.2%. The pound GBPUSD, +0.27% was up about 0.3% against the U.S. dollar at $1.3882.U.S. stock futures ES00, +0.26% NQ00, +0.18% YM00, +0.21% inched higher, hinting...

Some of Bitcoin’s most prominent backers have sought to make the case for Bitcoin’s environmental efficiency, with a collaborative paper from researchers at financial services firm Square and investment manager Ark Invest asserting that Bitcoin mining can drive increased efficiency in renewable energy production.The paper, authored by “The Bitcoin Clean...

A Bitcoin Cash (BCH) YouTuber has promised to buy 111 Tesla Model 3s … but only if Tesla CEO Elon Musk agrees to accept BCH for Tesla purchases from now on.Going by the title “1stmil.com,” the Australian YouTuber explained to almost 8,000 followers over three short videos that he believes...

The price of Bitcoin has fallen below $50,000 for the first time since March, with BTC shedding roughly 10% in the last 12 hours.On April 17, the $60,000 range was rejected, driving a crash in the Bitcoin price of nearly 20% in a single hour. While the markets consolidated near...

That added to a mix of better corporate profits and U.S. hiring, unease that inflation and interest rates might rise and renewed coronavirus infections that have prompted some governments to tighten anti-disease controls.Investors are struggling “to navigate through a very muddled global outlook” and earnings reports that have “priced in...

The fresh losses for bitcoin represent around a 24% drop from a recent peak of $64,829 for the cryptocurrency, meeting the widely accepted definition of a correction. Bitcoin saw a sharp slide last weekend, though the cryptocurrency’s volatility mean slides of more than 10% are not unusual. Fears of increased...

After months at severely depressed levels, British consumers' mood improved significantly from February amid a swift Covid-19 vaccination campaign and reopening plans, gaining back some of the ground lost at the beginning of the pandemic. In March 2020, before British consumers felt the hit from the pandemic, the index stood...

The Dow Jones Industrial Average has been leading major U.S. indexes higher with a return of about 9.9 per cent over the past three months, edging out the S&P 500 index (8.6 per cent) and well ahead of the Nasdaq Composite Index (3.2 per cent) over the same period. The...

Bitcoin’s (BTC) recent downturn temporarily pulled its dominance rate down to 49.5% which is the lowest level since August 2018. This has led a growing number of traders to predict that altcoins will outperform Bitcoin in the short term. Over the past few months, the price action from altcoins seems...

The big news this week happened on April 16th, when a major power outage in Xinjiang wreaked havoc on the BTC hash rate. According to local sources, the hash rates on Ant Mine Pool fell by 21.93%, BTC.com by 18.5%, Binance Mine Pool by 22%, and Huobi Mine Pool by...

Like with so many things lately, the pandemic has been a catalyst. A year ago, Empirasign Strategies, a New York City-based platform that tracks trading data in more opaque parts of the debt markets, joined up with geolocation analytics firm Advan to start mapping foot-traffic data to specific commercial-property bond...

Canadian National Railway Co. has topped rival Canadian Pacific Railway Ltd.’s offer for Kansas City Southern , igniting a battle for the Missouri-based railway that would give the victor access to key U.S. and Mexican markets.Montreal-based CN offered US$29.9-billion in cash and stock for the U.S.-based railway on Tuesday, an...

The stock underperformed when compared to some of its competitors Thursday, as Republic Services Inc. RSG, -0.26% fell 0.26% to $105.61, Waste Connections Inc. WCN, +0.03% rose 0.03% to $117.03, and Veolia Environnement S.A. ADR VEOEY, +1.39% rose 1.39% to $30.12. Trading volume (1.6 M) remained 529,680 below its 50-day...

The stock demonstrated a mixed performance when compared to some of its competitors Thursday, as Duke Energy Corp. DUK, -1.00% fell 1.00% to $100.08, WEC Energy Group Inc. WEC, -0.12% fell 0.12% to $97.16, and DTE Energy Co. DTE, -1.41% fell 1.41% to $138.16. Trading volume (2.9 M) remained 500,497...

The billionaire hedge-fund manager turned self-help author is offering up a chance for Regular Joes to take a personality assessment worthy of employees at his $140 billion hedge fund, Bridgewater Associates, for free! “As many of you know, my main goal at this stage of my life is to pass along...