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UBS and Credit Suisse both saw their shares spiral after the former agreed to an emergency rescue of the latter. Shares of Swiss banking giants UBS and Credit Suisse plunged substantially following a takeover of the latter. On Monday morning, UBS secured a 3 billion Swiss franc ($3.2 billion) bailout of its troubled domestic rival amid
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The largest cryptocurrency by market capitalization was recently down over 4.5% amid ongoing worries about inflation and the size of the next interest rate hike. Source
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ALSO: Bitcoin and ether traded up. Equities also rose after a strong U.S. jobs report. Source
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MicroStrategy saw its shares plummet to their lowest level for more than two years after a recent BTC filing.Shares of MicroStrategy Inc (NASDAQ: MSTR) recently hit their lowest level since August 2020 following its first-ever Bitcoin sale. MicroStrategy’s stock dropped 1.1% to $136.63 Thursday and is at a 75% drawdown
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Bitcoin (BTC) exchange users have forgotten all about the FTX scandal this Christmas, data shows.According to on-chain analytics firm Glassnode, exchange outflows have now hit their lowest levels in over six months.Still not your keys, still not your coins?As Bitcoin volatility sets a new record low in what is being
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Bitcoin (BTC) fell below $17,000 on Dec. 16 as traders warned of overreaction to “FUD” involving exchange Binance and others.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewBinance “FUD” fuels bearish BTC movesData from Cointelegraph Markets Pro and TradingView followed BTC/USD as it put in multi-day lows of $16,928 on Bitstamp.The pair
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The situation in the Bitcoin and crypto market has continued to follow a downward trend. Prices of most crypto assets are maintaining a southward movement over the past weeks. The collapse of FTX is still spinning the wheels negatively as the contagion spreads. Glassnode, a blockchain analytics company, reports more doubts
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The most prominent U.S. crypto exchange went public in 2021 in a high-profile public stock listing. But COIN shares has been down after since, and the FTX contagion represents the latest scare. Source
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While the euro has found support between 0.96 to 0.97 nominal U.S. dollars per unit, foreign exchange (FX) strategists from Citi believe the euro could tap a low of around $0.86 against the greenback. While the dollar slumped on October 13, the fiat currency is rising again and market strategists
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The Flow network’s FLOW token, which can be used to build NFTs and decentralized applications (dapps) such as games on the Web3 platform, slumped 20% during the past seven days. FLOW’s decline was the second largest during that period among 52 cryptocurrencies with a market cap over $1 billion, according
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