Bitcoin Slumps, ADA, SOL, XRP Drop 5% as 'Buy the Dip' Sentiment Persists
Traders say the current sell-off could have been caused by an unwinding of ETF and spot linked traders.
Traders say the current sell-off could have been caused by an unwinding of ETF and spot linked traders.
A major Bitcoin whale has placed a $368 million short position with 40x leverage, betting on a price decline in the cryptocurrency.
The city of Doncaster, South Yorkshire, is a long way from the gleaming skyscrapers of Boston, Massachusetts, but they are both places that the British stock picker Jeremy Grantham calls home.
Major central banks are set to decide on interest rates this week, providing guidance on market trajectory. Investors will particularly focus on the Federal Reserve’s policy outlook, as the bank may step in and buoy a wobbly Wall Street after it fell into correction territory.View on euronews
A group of traders looked to liquidate the giant short position in BTC but the operation failed, per observers.
Gold prices firmed on Monday, sitting just below the $3,000-mark that was broken last week, with the focus on trade tariffs and the U.S. Federal Reserve's policy meeting. Spot gold was up 0.4% to $2,994.79 an ounce by 11:26 a.m. ET (1526 GMT), having hit a record high of $3,004.86 on Friday. The Federal Reserve will give its new economic projections this week, which will provide the most tangible evidence yet of how U.S. central bankers view the likely impact of President Donald Trump's policies that have clouded a previously solid economic outlook.
(Bloomberg) -- Iron ore fell as the latest economic data in China underscored an uneven start to the year for the world’s second-biggest economy, with new home prices falling again. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCFutures of the steel-making ing
NEW YORK (Reuters) -Wall Street stocks ended higher and gold held near $3,000 per ounce on Monday after mixed economic data and ahead of talks between U.S. President Donald Trump and Russian President Vladimir Putin aimed at ending the Ukraine war. Trump said he would speak with Putin on Tuesday to discuss a potential Russia-Ukraine cease-fire proposal, which could alleviate some geopolitical uncertainty. "There has been a pretty big selloff, so some sort of a rebound, is to be expected and I think that's part of what we're seeing," said Oliver Pursche, senior vice president at Wealthspire Advisors, in New York.
(Bloomberg) -- Goldman Sachs Group Inc. cut its oil price forecasts, as tariffs reduce the outlook for US growth while OPEC and its allies boost output.Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCThe move follows a drop in crude prices from this year’s high
(Bloomberg) -- An ambitious campaign to revive Thailand’s battered stock market is falling flat, as entrenched pessimism about the economy accelerates a foreign funds exodus. Most Read from BloombergICE Eyes Massive California Tent Facility Amid Space ConstraintsHow Britain’s Most Bike-Friendly New Town Got BuiltThe Dark Prophet of Car-Clogged CitiesWashington, DC, Region Braces for ‘Devastating’ Cuts from CongressSaving the Signature Sound of Washington, DCSeven months after $4.5 billion was ne