Credit Suisse Group’s largest shareholder, Saudi National Bank (SNB), has announced that it will not purchase additional shares in the Swiss bank on regulatory grounds. SNB Chairman Ammar Al Khudairy ...
Tag: Brace
Buy More Bitcoin And Brace For ‘Crash Landing’, Robert Kiyosaki Warns
Bitcoin, the digital currency that has disrupted traditional finance, has been endorsed by none other than Robert Kiyosaki, the celebrated author of personal finance books. In a cautionary tale about ...
Ethereum Whales Abruptly Move Over $357,000,000 in ETH As Crypto Markets Brace for New Week: On-Chain Data
Crypto whales were on the move over the weekend as several large transactions worth over $350 million were spotted on the Ethereum (ETH) network. First seen by blockchain-tracking service Whale Alert,...
Traders Brace for More Market Shocks After Week of Wild Swings
(Bloomberg) — Bank runs. Stiffening Federal Reserve resolve against inflation. Credit risk, and the risk of recession. Investors absorbed a lot of shocks the last few days. Shaking them off all ...
Silicon Valley Bank Stock Plummets 60%, Should crypto Investors Brace for Impact?
Silicon Valley Bank’s parent company, SVB Financial Group, recently had to raise $2.25 billion on short notice to avoid job cuts in the technology and startup industries. This move by SVB Financial Gr...
S&P, Nasdaq, Dow trade mixed as investors brace for a swift Fed tightening cycle
The Dow Jones Industrial Average closed marginally down on Wednesday, March 8, as the market battled to recover from Tuesday’s selloff. In particular, the closing price for the Dow was 32,798.41, a d...
Brace for BTC price volatility? Bitcoin ‘coin days destroyed’ metric jumps to 2-month highs
On March 8, the U.S. government moved 49,000 Bitcoin worth $1 billion seized from the Silk Road. The transfer was accompanied by Bitcoin’s (BTC) price slipping below $22,000, as well as a noticeable s...
Bitcoin Miners Brace for Another Projected Difficulty Increase as Hashrate Heats Up Amid Market Uncertainty – Mining Bitcoin News
Despite a 9.95% increase last week and the all-time high difficulty, bitcoin’s hashrate has averaged around 305 exahash per second (EH/s) over the past 30 days. According to current data, the hashrate...
Investors Stung by Treasuries Rout Brace for Next Blow From Fed
(Bloomberg) — A swift reassessment of how high the Federal Reserve will raise interest rates this year has rocked the bond market in recent weeks. Now, the market faces a bigger threat: the grow...
Traders brace for a blowup as cost of protection for U.S. stocks hits highest level since October
The cost of hedging against another equity market blowup has risen to its highest level since October as investors brace for a surge in volatility as U.S. stocks head for their worst week in nearly tw...
Investors Brace for Risk Inflation Dooms Bonds to Bear Market
(Bloomberg) — Investors are bracing for key inflation data next week that could worsen the bond-market rout. Most Read from Bloomberg January consumer prices are seen accelerating for the first ...
Why did Bitcoin price go down today? BTC traders brace for $23K retest
Bitcoin (BTC) headed toward $23,000 on Feb. 3, after a night of losses erased bulls’ latest progress. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Dollar rebound halts crypto party Data...
Brace for ‘tinderbox-timebomb’ market crash worse than 1929, hedge fund manager says
“ “It is objectively the greatest tinderbox-timebomb in financial history — greater than the late 1920s, and likely with similar market consequences. Now, as then, it is of our own making.” ” — Mark S...
Crypto Investors In India Brace for Government’s 2023 Budget
After introducing a new taxation regime for virtual assets, India’s crypto industry braces for releasing the government’s 2023 budget. Some top industry players spoke with BeInCrypto to share their ex...
Wall Street’s top strategist Mike Wilson warns investors to brace themselves for stocks to plummet more than 20%
Stocks could be about to tumble more than 20%, according to one of the most successful strategists on Wall Street—but he warned on Tuesday that investors aren’t prepared for how bad things could get. ...
China’s big cities are starting to look past Covid, while rural areas brace for infections
Subway passenger traffic in Shanghai is quickly returning to levels seen before the latest Covid wave, according to Wind data. Pictured here is a subway car in the city on Jan. 4, 2023. Hugo Hu | Gett...
Brace For Impact? Bitcoin Open Interest RSI Is Bearish
On-chain data shows the Bitcoin open interest RSI is currently forming a pattern that can lead to a short-term correction in the asset’s value. Bitcoin Open Interest 14-Day RSI Has Been Climbing Up Re...
Crypto winter exacts new tolls as companies brace and restructure
Wyre and EmpireDAO are the two latest companies to fall victim to crypto winter. Founded nearly a decade ago, payment provider Wyre let a number of employees go, with two laid-off workers confir...
Retailers brace for tougher times and more frugal customers in 2023
A shopper goes through shirts in the kids section at Old Navy in Denver, Colorado. Brent Lewis | Denver Post | Getty Images January is typically an overlooked month for retailers. Shoppers make return...
Bitcoin Price Targets for 2023 Are in—and They Are Grim. Brace for a 50% Fall.
How low will Bitcoin go? After an abysmal year, analysts are making their best guesses for where the largest cryptocurrency is headed in 2023—and the price targets are mostly grim. Digital assets have...
Semiconductor Stocks Brace For Bumpy Start In 2023
The semiconductor industry could be in for a rough year in 2023 amid declining sales of memory chips and PC processors, along with worries that other segments could turn south as well. However, some s...
Should LINK investors brace for a price pump in the final weeks of 2022
Chainlink’s stochastic was in an oversold position Metrics were also supportive of a trend reversal but concerns still remain Chainlink’s [LINK] latest performance didn’t quite align with the investo...
Bitcoin, Ether down as markets brace for November inflation data
Bitcoin and Ether fell slightly in Monday morning trading in Asia, along with all other non-stablecoin cryptocurrencies in the top 10, excluding Litecoin. Investors await November’s consumer price ind...
ETH enthusiasts should brace for lower volatility based on these observations
ETH managed to cross the $1,200 bar in the last weeks of 2022 ETH whales preferred to hold on to the altcoin than sell their holdings Now that Ethereum [ETH] has crossed the $1,200 range, it is only ...
With Aaron Judge Officially A Free Agent, The Yankees And Their Fans Brace For What Comes Next
Aaron Judge is coming off a historic season with the Yankees, but is now a free agent. Getty Images Joe Torre’s 1995 arrival in the Bronx was greeted by a blaring New York Daily News headline — “Cluel...
China’s chip executives brace for winter as US sanctions push country’s semiconductor industry to the brink of desperation
On a recent Wednesday afternoon in Shanghai, the founder of a semiconductor start-up spotted the head of a well-known chip venture capital firm near the elevator at an industry event – and grabb...
Nouriel Roubini says markets aren’t close to done falling in this bear market. Brace yourself for another 20% lurch—at least
Dr. Doom himself sat down with Fortune last week, and he said there are two outcomes for the stock market: bad and miserable. The S&P 500—an index of the leading publicly traded companies in the U...
Brace Yourself For An XRP Price Rally As Ripple Nears Victory Against SEC
Since 2020, the US Securities and Exchange Commission (SEC) and Ripple Labs have been engaged in litigation. Both Ripple Labs and the SEC have submitted motions for summary judgment, and the situation...
Europe’s Carmakers Brace For 2023, While VW Volume Brands Could Lose Money
Recession ahead – road sign warning concept Getty Europe’s carmakers have already written off 2022 as a down year for volumes, despite many posting increased profits in the third quarter. But an...
Brace For Impact, Bitcoin Price Holds At $20,400 Ahead Of FOMC
The Bitcoin price has been moving sideways over the past two days, but market participants expect volatility over today’s trading session. The U.S. Federal Reserve (Fed) will announce another interest...