9 hours ago
Reddit reported a strong second quarter but spooked investors by mentioning in an investor letter that traffic from search engines had grown "choppy."
The company's total revenue of $805 million jumped 61% compared to the year-ago quarter while net income was $253 million, up 183%. These beat Wall Street's expectations. Plus, the company said it expects to hit revenue of $860 million to $870 million with healthy earnings before taxes next quarter as well, which beat expected guidance.
Normally, telling investors that they can expect even better results to come would cause a stock to rise. But the stock slid over 10% in after-hours trading.
The culprit was likely CEO Steve Huffman's warning in that separate letter to shareholders. "Search referrals were choppy in the quarter, and traffic was more volatile later in the quarter, but the bigger picture is unchanged: the commercial business is strong," he wrote.
AI is clearly changing the search engine landscape — and investors seem to fear that Reddit's traffic may suffer.
#choppy #revenue
The company's total revenue of $805 million jumped 61% compared to the year-ago quarter while net income was $253 million, up 183%. These beat Wall Street's expectations. Plus, the company said it expects to hit revenue of $860 million to $870 million with healthy earnings before taxes next quarter as well, which beat expected guidance.
Normally, telling investors that they can expect even better results to come would cause a stock to rise. But the stock slid over 10% in after-hours trading.
The culprit was likely CEO Steve Huffman's warning in that separate letter to shareholders. "Search referrals were choppy in the quarter, and traffic was more volatile later in the quarter, but the bigger picture is unchanged: the commercial business is strong," he wrote.
AI is clearly changing the search engine landscape — and investors seem to fear that Reddit's traffic may suffer.
#choppy #revenue
17 hours ago
When trading leveraged sector products, especially those with three times the movement of a market segment that is already volatile, active traders typically focus on the obvious risk of daily leverage decay. Because these products reset their exposure daily, holding them across choppy or sideways markets leads to performance drag versus the underlying ETF, index, or stock.
However, a lesser-understood risk sits inside products like the Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) and the Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD).
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most **** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#direxion #Semiconductors
However, a lesser-understood risk sits inside products like the Direxion Daily Semiconductors Top 5 Bull 2X ETF (TSXU) and the Direxion Daily Semiconductors Top 5 Bear 2X ETF (TSXD).
Dear Sandisk Stock Fans, Mark Your Calendars for August 5
Intel Stock Sinks 40%, But Most **** ysts Still Aren't Bullish on INTC
Nebius Stock Gets Another Wall Street Upgrade. Here's Why Investors Are Paying Attention.
#direxion #Semiconductors
3 days ago
The Euro has gone back and forth during the course of the trading session here on Tuesday as we continue to hang on by a thread. We are at the bottom of a recent consolidation area, and I do think at least at this point in time there are a lot of questions to ask when it comes to the Euro. Interest rates in America will be a big driver typically of this currency pair, and despite the fact that rates have drifted a little bit lower, they are still uncomfortably high, and there are concerns in the Middle East, which has a major influence on that as well.
The recent area of consolidation could be in the process of trying to form a double bottom; we'll just have to wait and see. Short-term rallies will more likely than not continue to be swimming upstream if recent history is to be believed.
The pound initially tried to rally but then gave back gains as the market is still hanging around the 1.33 level. This is with elevated US rates. There are concerns in the Middle East, and sometimes traders will run to the US dollar in times of concern. It is possible that's what's going on here. The market is likely to continue to be noisy, but it has decidedly turned bearish over the last couple of weeks.
And the US dollar continues to grind higher against the Swiss Franc. The positive swap differential favors the US dollar as traders continue to see value in the greenback. We had recently consolidated and now have broken out of that little consolidation range to show increasing bullish pressure.
The market is typically one that's very choppy and somewhat sideways, and more of a grind even when it does trend, so patience is something that I typically find I have to employ here against the Franc. But getting paid at the end of every day is a huge bonus here with that positive swap, and right now I think that is one of the main drivers.
#recent
The recent area of consolidation could be in the process of trying to form a double bottom; we'll just have to wait and see. Short-term rallies will more likely than not continue to be swimming upstream if recent history is to be believed.
The pound initially tried to rally but then gave back gains as the market is still hanging around the 1.33 level. This is with elevated US rates. There are concerns in the Middle East, and sometimes traders will run to the US dollar in times of concern. It is possible that's what's going on here. The market is likely to continue to be noisy, but it has decidedly turned bearish over the last couple of weeks.
And the US dollar continues to grind higher against the Swiss Franc. The positive swap differential favors the US dollar as traders continue to see value in the greenback. We had recently consolidated and now have broken out of that little consolidation range to show increasing bullish pressure.
The market is typically one that's very choppy and somewhat sideways, and more of a grind even when it does trend, so patience is something that I typically find I have to employ here against the Franc. But getting paid at the end of every day is a huge bonus here with that positive swap, and right now I think that is one of the main drivers.
#recent
4 days ago
Our ******* ysts just identified a stock with the potential to be the next Nvidia. Tell us how you invest and we'll show you why it's our #1 pick. Tap here.
Achieved record adjusted EBITDA of $305 million and a multi-year high margin of 22.7%, driven by disciplined cost execution and favorable business mix.
Refinish segment growth of 6% was supported by the abatement of channel destocking and significant new business wins, including 1,900 net new body shops in the first half.
Industrial margins expanded for the 13th consecutive quarter despite a choppy North American macro environment, fueled by strong Energy Solutions demand in Asia.
Mobility segment reached record quarterly net sales of $474 million, benefiting from a ramp-up in North American Class 8 truck production and expansion in commercial transportation adjacencies.
#million #business #NVIDIA
Achieved record adjusted EBITDA of $305 million and a multi-year high margin of 22.7%, driven by disciplined cost execution and favorable business mix.
Refinish segment growth of 6% was supported by the abatement of channel destocking and significant new business wins, including 1,900 net new body shops in the first half.
Industrial margins expanded for the 13th consecutive quarter despite a choppy North American macro environment, fueled by strong Energy Solutions demand in Asia.
Mobility segment reached record quarterly net sales of $474 million, benefiting from a ramp-up in North American Class 8 truck production and expansion in commercial transportation adjacencies.
#million #business #NVIDIA
4 days ago
Global equities ended last week little changed in local currency and up 0.6% in sterling terms. This continued the choppy pattern of recent weeks with markets currently down 1.5-2% from their peak in early June. The US underperformed with a gain of 0.3% in sterling terms while the UK and emerging markets were both up around 1.3%.
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
Meanwhile, government bonds in the US and UK both lost 0.5% with yields re-testing their highs in early May. 10-year UK gilt yields tested 5.1% while US yields reached 4.7%, before retreating a bit.
The war with Iran was centre stage with renewed attacks by both sides and Trump once again upping his threats. The new ingredient this time was that concerns were not limited to the Strait of Hormuz but extended to the Bab El Mandeb Strait with the Houthis exchanging blows with Saudi Arabia and threatening to close the waterway.
The importance of this new chokepoint is two-fold. First, it threatens Saudi's ability to divert via its pipeline a good part of its oil production to the Red Sea rather than the Strait of Hormuz. Second, it poses a threat to container traffic more generally which use the Suez Canal to avoid a long and costly diversion around the African coast.
Oil duly moved back up to $100 per barrel mid-week from a low of close to $70pb all of three weeks ago. But it is back down to $88pb this morning as negotiations between the US and Iran started up once again over the weekend, easing fears of a major escalation. However, this morning, Iran said it is not seeking new peace talks, so the confusion continues.
Even so, the fact remains that Trump appears to have chickened out yet again – be it because the hike in oil prices has pushed US gasoline prices back above $4 per gallon, the rise in US Treasury yields has caused concerns or because, as has been reported, the US lacks the necessary munitions.
#strait #back #sterling
30 days ago
Expedia Group Inc. (NASDAQ:EXPE) is one of the Iran Peace Deal Sends Oil Lower: Top 8 Travel Stocks to Buy Now. Expedia Group Inc. (NASDAQ:EXPE) has significantly outperformed the broader travel industry over the last 12 months. On June 16, Justin Post from Bank of America Securities reiterated a Buy rating on Expedia Group Inc. (NASDAQ:EXPE) and set a price target of $310. Even though the ****** yst's price target for the stock implies approximately 17% upside from current levels, the stock's performance has been choppy.
Earlier on May 20, EXPE announced an agreement to acquire CarTrawler, an Ireland-based B2B platform powering car rental. This collaboration enhances Expedia's ability to deliver mobility and Insuretech solutions for travelers worldwide. CarTrawler's platform will bring expertise by connecting more than 500 car rental suppliers to more than 300 leading travel brands around the world, including airlines. As a result of this collaboration, there will be new growth opportunities for the business.
By leveraging EXPE's extensive distribution network, car rental and transportation providers can expand their customer reach. Customers will get a broader range of car rental, ground transportation, and insurance products at competitive prices. As a result, travelers benefit from more choices when booking through Expedia's brands or its partners.
Expedia Group Inc. (NASDAQ:EXPE) is an online travel company that provides travel products and services across the B2C, B2B, and Trivago segments. The company is based in Seattle, Washington, and was founded in 1994.
While we acknowledge the potential of EXPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
Earlier on May 20, EXPE announced an agreement to acquire CarTrawler, an Ireland-based B2B platform powering car rental. This collaboration enhances Expedia's ability to deliver mobility and Insuretech solutions for travelers worldwide. CarTrawler's platform will bring expertise by connecting more than 500 car rental suppliers to more than 300 leading travel brands around the world, including airlines. As a result of this collaboration, there will be new growth opportunities for the business.
By leveraging EXPE's extensive distribution network, car rental and transportation providers can expand their customer reach. Customers will get a broader range of car rental, ground transportation, and insurance products at competitive prices. As a result, travelers benefit from more choices when booking through Expedia's brands or its partners.
Expedia Group Inc. (NASDAQ:EXPE) is an online travel company that provides travel products and services across the B2C, B2B, and Trivago segments. The company is based in Seattle, Washington, and was founded in 1994.
While we acknowledge the potential of EXPE as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.
1 month ago
As Ben retirement announcement was being made official at Trent Bridge on a blazing Sunday afternoon, the crowd stood up and started cheering. The England captain, at the top of his bowling mark, stopped for a moment, showed no reaction and charged in. And what resulted seemed surreal.
A tiring Stokes induced a nick off New Zealand batter Zak Foulkes’ bat and the second slip Harry Brook completed a catch, the team celebrating as if there’s no tomorrow. The cheer across the ground turned into an eruption of emotion — a celebration of England’s greatest allrounder after Ian Botham and the best world cricket has seen since Jacques Kallis. Stokes was coming back from a one-match ban following a bar brawl in this Test match. On the morning of Day 4, he had told his teammates that this would be his last Test, saying “reasons can wait for another day”. Playing only one format, one felt Stokes was good enough for a few more years of Test cricket. But it wasn’t to be.
Probably, this latest controversy was the last straw in a career that has had its share of troubles — he was once banned in 2017 after a bar brawl in Bristol. Injuries, too, had taken a severe toll on his body, Stokes was often forced to take breaks in the past few years. An all-format matchwinner, an ODI and T20 World Cup winner, scorer of one of the greatest Ashes centuries of all time, Stokes had achieved everything. But numbers can’t explain Stokes — the 35year-old was way more than that. He was an iconoclast, a player who could face fire with fire.
His 135 against Australia at Headingley, taking his team to a miraculous one-wicket win will always be remembered as one of the greatest Test innings ever played. Playing with No. 11, the attack that he launched on Australia was a turning point for English cricket.
It wasn’t one-off. Every time England were in trouble, Stokes seemed to rise, be it during the ODI World Cup final win in Lord’s in 2019 or the 2022 T20 World Cup final triumph against Pakistan in Melbourne. Stokes was everywhere, guiding England through choppy waters.
132066317
Brief scores: New Zealand 438 & 288/9 dec (D Mitchell 100*, R Ravindra 94, J Archer 4/53) vs England 354 & 103
A tiring Stokes induced a nick off New Zealand batter Zak Foulkes’ bat and the second slip Harry Brook completed a catch, the team celebrating as if there’s no tomorrow. The cheer across the ground turned into an eruption of emotion — a celebration of England’s greatest allrounder after Ian Botham and the best world cricket has seen since Jacques Kallis. Stokes was coming back from a one-match ban following a bar brawl in this Test match. On the morning of Day 4, he had told his teammates that this would be his last Test, saying “reasons can wait for another day”. Playing only one format, one felt Stokes was good enough for a few more years of Test cricket. But it wasn’t to be.
Probably, this latest controversy was the last straw in a career that has had its share of troubles — he was once banned in 2017 after a bar brawl in Bristol. Injuries, too, had taken a severe toll on his body, Stokes was often forced to take breaks in the past few years. An all-format matchwinner, an ODI and T20 World Cup winner, scorer of one of the greatest Ashes centuries of all time, Stokes had achieved everything. But numbers can’t explain Stokes — the 35year-old was way more than that. He was an iconoclast, a player who could face fire with fire.
His 135 against Australia at Headingley, taking his team to a miraculous one-wicket win will always be remembered as one of the greatest Test innings ever played. Playing with No. 11, the attack that he launched on Australia was a turning point for English cricket.
It wasn’t one-off. Every time England were in trouble, Stokes seemed to rise, be it during the ODI World Cup final win in Lord’s in 2019 or the 2022 T20 World Cup final triumph against Pakistan in Melbourne. Stokes was everywhere, guiding England through choppy waters.
132066317
Brief scores: New Zealand 438 & 288/9 dec (D Mitchell 100*, R Ravindra 94, J Archer 4/53) vs England 354 & 103
1 month ago
Barclays has increased its year-end target for the S&P 500 to 7,800 from 7,650 and introduced a 2027 target of 8,800, reflecting a more optimistic earnings outlook even as investors face a more challenging market environment in the months ahead.
The bank said the outlook for equities remains mixed, with several competing forces influencing sentiment. "Equities remain choppy as peace talks stop and start, and questions linger around AI spend, funding and monetization, higher for longer rates, and consumer strength," strategists led by Venu Krishna wrote.
According to Barclays, economic conditions continue to support a constructive stance on stocks. Labour market data remain resilient enough to ease recession concerns, although the same strength could delay monetary easing. The team also noted that cost pressures are beginning to build again but have not yet reached levels that would threaten the broader expansion.
Even so, "the balance of risks still leans constructive," the strategists said.
Barclays raised its 2026 earnings-per-share forecast for the S&P 500 to $337 from $321. The estimate remains slightly below the broader market consensus of $341 but implies annual earnings growth of roughly 21% compared with the bank's estimate of $279 for 2025.
The bank said the outlook for equities remains mixed, with several competing forces influencing sentiment. "Equities remain choppy as peace talks stop and start, and questions linger around AI spend, funding and monetization, higher for longer rates, and consumer strength," strategists led by Venu Krishna wrote.
According to Barclays, economic conditions continue to support a constructive stance on stocks. Labour market data remain resilient enough to ease recession concerns, although the same strength could delay monetary easing. The team also noted that cost pressures are beginning to build again but have not yet reached levels that would threaten the broader expansion.
Even so, "the balance of risks still leans constructive," the strategists said.
Barclays raised its 2026 earnings-per-share forecast for the S&P 500 to $337 from $321. The estimate remains slightly below the broader market consensus of $341 but implies annual earnings growth of roughly 21% compared with the bank's estimate of $279 for 2025.
1 month ago
By Chibuike Oguh
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes finished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks.
The S&P 500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain.
Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025.
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday, set for a weekly decline as investors kept taking profits on high-flying technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes finished slightly lower in choppy trading as losses in industrials, technology and energy offset gains in healthcare and real estate stocks.
The S&P 500 and the Nasdaq notched weekly losses while the Dow was headed for a weekly gain.
Chip stocks lost 5.3%, set for a weekly loss of 7.7%, the largest weekly decline since March 2025.
1 month ago
By Chibuike Oguh
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
NEW YORK, June 26 (Reuters) - Global equity markets edged lower on Friday and were set for a weekly decline, as continued profit-taking drove a selloff in technology and chip stocks, while crude oil prices slumped as more tankers left the Strait of Hormuz.
On Wall Street, all three indexes were trading higher in choppy trading as gains in healthcare and consumer discretionary stocks offset losses in industrials, technology and energy.
The S&P 500 and the Nasdaq, however, were on track for a weekly loss while the Dow was headed for a weekly gain.
Chip stocks were down 4.5% and were set to shed 7% for the week — the largest weekly decline since March.
3 months ago
BITU’s Decay Problem: Why This Bitcoin ETF Lost 31% While Bitcoin Fell Just 10%
Volatility decay erodes returns when Bitcoin moves sideways or reverses: a 50% Bitcoin drawdown would near-total wipeout the leveraged fund.
BITU works only for single-day trades or strong uptrends; buy-and-hold investors face compounding losses from daily resets in choppy markets.
The ******* yst who called NVIDIA in 2010 just named his top 10 stocks and BITU wasn't one of them. Get them here FREE.
ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) gives traders 2x daily exposure to the Bloomberg Bitcoin Index through swaps, with a 0.98% expense ratio. The appeal is simple: when Bitcoin moves, BITU moves twice as hard, without the hassle of holding crypto directly. The structure is complex, and the gap between what holders expect and what they get is where the real risk lives.
BITU resets daily. The fund delivers 2x of one trading day's Bitcoin return, then starts over. Compounded across many days, results diverge from a static 2x of Bitcoin's ******* ulative move, and the divergence almost always works against the holder when the path is choppy.
https://finance.yahoo.com/...
Volatility decay erodes returns when Bitcoin moves sideways or reverses: a 50% Bitcoin drawdown would near-total wipeout the leveraged fund.
BITU works only for single-day trades or strong uptrends; buy-and-hold investors face compounding losses from daily resets in choppy markets.
The ******* yst who called NVIDIA in 2010 just named his top 10 stocks and BITU wasn't one of them. Get them here FREE.
ProShares Ultra Bitcoin ETF (NYSEARCA:BITU) gives traders 2x daily exposure to the Bloomberg Bitcoin Index through swaps, with a 0.98% expense ratio. The appeal is simple: when Bitcoin moves, BITU moves twice as hard, without the hassle of holding crypto directly. The structure is complex, and the gap between what holders expect and what they get is where the real risk lives.
BITU resets daily. The fund delivers 2x of one trading day's Bitcoin return, then starts over. Compounded across many days, results diverge from a static 2x of Bitcoin's ******* ulative move, and the divergence almost always works against the holder when the path is choppy.
https://finance.yahoo.com/...
7 months ago
Bitcoin held near $88,000 on Friday as markets eased into the first trading session of 2026, with holiday-thinned volumes keeping moves measured and investors lining up for a year packed with policy and tech-driven catalysts.
Early risk-taking showed up most clearly in Asia, where Hong Kong and South Korea led gains as technology and semiconductor shares extended a late 2025 bounce. **** an and mainland China stayed shut for holidays, which kept liquidity light across the region.
Crypto traders kept a close eye on whether Bitcoin can turn that calm into momentum, after a choppy stretch aroun
Early risk-taking showed up most clearly in Asia, where Hong Kong and South Korea led gains as technology and semiconductor shares extended a late 2025 bounce. **** an and mainland China stayed shut for holidays, which kept liquidity light across the region.
Crypto traders kept a close eye on whether Bitcoin can turn that calm into momentum, after a choppy stretch aroun
7 months ago
These 6 stocks will lead the $1 trillion chip surge in 2026, BofA says
The artificial intelligence boom isn't cooling off — it's getting bigger, Bank of America ******* yst Vivek Arya contends.
While AI skeptics have pointed to eye-popping valuations as a reason to run, Arya said the industry is only at the "midpoint" of a decade-long transformation, and it's being led by Nvidia (NVDA) and Broadcom (AVGO).
In a report ******* led "2026 Year Ahead: choppy, still cheerful," Arya forecast a 30% year-over-year surge in global semiconductor sales that will finally push the sector past a histor
The artificial intelligence boom isn't cooling off — it's getting bigger, Bank of America ******* yst Vivek Arya contends.
While AI skeptics have pointed to eye-popping valuations as a reason to run, Arya said the industry is only at the "midpoint" of a decade-long transformation, and it's being led by Nvidia (NVDA) and Broadcom (AVGO).
In a report ******* led "2026 Year Ahead: choppy, still cheerful," Arya forecast a 30% year-over-year surge in global semiconductor sales that will finally push the sector past a histor
8 months ago
Bitcoin held just under $92,000 on Friday as traders weighed a heavy mix of labour data, central bank bets and choppy equity markets in Asia, Europe and the US.
Akshat Siddhant, lead quant ****** yst at Mudrex, said the crypto market continues to display strong resilience.
“Renewed whale accumulation is supporting the trend, as ETH whales have added over 450,000 ETH since mid-November, with BTC whales showing similar activity.”
“Even with the US labour market displaying solid strength, the odds for a rate cut this month stand at 93%, contributing to the buying pressure. A clear move above $
Akshat Siddhant, lead quant ****** yst at Mudrex, said the crypto market continues to display strong resilience.
“Renewed whale accumulation is supporting the trend, as ETH whales have added over 450,000 ETH since mid-November, with BTC whales showing similar activity.”
“Even with the US labour market displaying solid strength, the odds for a rate cut this month stand at 93%, contributing to the buying pressure. A clear move above $
8 months ago
Bitcoin (BTC) reversed its overnight climb to $94,000, dipping back to $92,000 during U.S. hours Thursday, continuing choppy rangebound action after the wild moves first lower, than higher earlier int he week.
Ethereum’s ether (ETH) held up relatively well, down only 0.7% on the day and changing hands above $3,100 in the afternoon hours. Among altcoins, XRP (XRP), Hedera (HBAR), Bitcoin Cash (BCH) and privacy-oriented Zcash (ZEC) led the downside with 4%–5% declines, while the broad-market CoinDesk 20 Index was 2% lower.
Despite the pullback, BTC continues to hold well above the support leve
Ethereum’s ether (ETH) held up relatively well, down only 0.7% on the day and changing hands above $3,100 in the afternoon hours. Among altcoins, XRP (XRP), Hedera (HBAR), Bitcoin Cash (BCH) and privacy-oriented Zcash (ZEC) led the downside with 4%–5% declines, while the broad-market CoinDesk 20 Index was 2% lower.
Despite the pullback, BTC continues to hold well above the support leve
8 months ago
Bitcoin is set to fall even further after the top crypto’s price tumbled below $86,000 on Monday, ******* ysts warn.
The 7% overnight fall erased the gains seen in the market last week, but market watchers warn several factors stand in the way of a full-on recovery.
Investors should brace for “choppy, range-bound markets to close out the year” in the context of liquidity “stress still lurking in the background,” ******* ysts David Brickell and Chris Mills of the London Crypto Club warned in their weekly newsletter.
The slip below $86,000 comes as more market watchers are turning pessimistic
The 7% overnight fall erased the gains seen in the market last week, but market watchers warn several factors stand in the way of a full-on recovery.
Investors should brace for “choppy, range-bound markets to close out the year” in the context of liquidity “stress still lurking in the background,” ******* ysts David Brickell and Chris Mills of the London Crypto Club warned in their weekly newsletter.
The slip below $86,000 comes as more market watchers are turning pessimistic
8 months ago
The final month of the year gets underway on Monday, and investors will be looking for a smoother month to round out the year after choppy November trading saw the Nasdaq Composite (^IXIC) snap a seven-month winning streak while the S&P 500 (^GSPC) moved back to within 1% of a record high.
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
On Friday, markets ended the week by notching a fifth straight session of gains to close out the up-and-down month in a holiday-shortened trading session. And despite snapping its monthly winning streak, the Nasdaq is also within 3% of a record. The Dow is less than 2% off its record close.
And while the f
