Electric truck startup Nikola is still short of clearing a shareholder hurdle to raise new funds, the company said Thursday – hampered by the objections of its disgraced and now-departed founder. The long-embattled company is seeking to raise money by issuing new stock, a process that requires shareholder approval. Nikola’s...
Bitcoin on Thursday posted its worst quarterly loss in more than a decade. The world’s largest cryptocurrency has lost around 58% of its value in the second quarter of 2022, according to data from CryptoCompare. Bitcoin has fallen from $45,524 at the start of the quarter and was trading just...
Bitcoin on Thursday fell below $19,000 as the world’s largest digital currency remains under pressure from macroeconomic worries and a liquidity crisis among high-profile crypto companies. Bitcoin was last trading 5.7% lower at $18,978.60, according to Coin Metrics. The digital currency is down around 58% this year alone and has...
The crypto market is currently going through a period of heightened volatility as global economic conditions continue to worsen amid a backdrop of rising inflation and interest rates. As the headwinds impacting global financial markets beat down all traces of bullish sentiment, many crypto investors are predicting that Bitcoin (BTC) price could...
U.S. stocks fell on Tuesday, erasing earlier gains as the market failed to keep its rebound from the bear-market lows going. The blue-chip Dow Jones Industrial Average fell 491.27 points, or 1.56%, to 30,946.99. The S&P 500 dropped 2.01% to 3,821.55, and the Nasdaq Composite was the laggard, down 3%...
US stocks were under pressure Tuesday, with the Nasdaq losing about 3% as selling ramped for technology shares especially. As of the close, the S&P 500 was off 2%, bringing it down to 3,821.74. The Dow fell by 490 points, or 1.6%, and the Nasdaq dropped 2.98% to 11,181.54. The...
Bitcoin (BTC) played wait-and-see with traders on June 28 as Wall Street opened to flat performance. Bollinger eyes "logical place" for Bitcoin bottom Data from Cointelegraph Markets Pro and TradingView showed BTC/USD circling $21,000 on Bitstamp, refusing to commit to a firm trend. The pair nonetheless avoided fresh signs of weakness, leading Cointelegraph contributor Michaël van de Poppe...
One of Wall Street’s most prominent bears sees the current rally in US stocks extending -- prior to the selloff recommencing. Morgan Stanley strategists led by Michael Wilson say the S&P 500 Index may climb another 5% to 7%, before resuming losses. “We think US equity markets can rally further,” they...
LONDON, June 27 (Reuters) - Oil prices edged lower on Monday in a volatile session as investors waited for any moves against Russian oil and gas exports that might come out of a meeting of leaders of the Group of Seven (G7) nations in Germany. The prospect of even tighter...
Investors are being advised that Bitcoin is going to fall even further by the well-known crypto analyst Crypto is undergoing a historic bout of volatility, but options traders are seeing positive signs within the market in the wake of the ruckus and controversy that overtook digital-asset lenders and others in the...
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