Topline Despite strong jobs data earlier in the week, employers in October announced the most job cuts in a single month since February 2021 as a growing number of executives anticipate an economic do...
Tag: Downturn
Saylor deems Bitcoin winner over major asset classes as downturn persists; Ethereum outperforming BTC after merge
The biggest news in the cryptoverse for Nov. 2 includes Saylor saying that Bitcoin is winning over gold and other major asset classes, JPMorgan executing its first DeFi transaction, EU’s MiCA targetin...
Market Downturn Triggers Delisting of Crypto ETFs in Australia
Cosmos Asset Management, a crypto fund manager based in Australia, has announced its intention to delist three of its cryptocurrency exchange-traded funds (ETFs) that trade on the Cboe stock exchange ...
Homebuilders say steeper downturn is coming as buyers pull back
A worker drills plywood on a single family home under construction in Lehi, Utah, on Friday, Jan. 7, 2022. George Frey | Bloomberg | Getty Images The once-hot housing market is cooling off at an alarm...
Singapore Housing Market Defies Global Downturn And Curbs Amid Soaring Rents
Singapore’s skyline is reflected in a pool of rainwater on February 8, 2022. ROSLAN RAHMAN/AFP via Getty Images The growth in Singapore home prices accelerated to 3.8% in the third quarter to re...
Economists Warn U.S. Already In Recession Or Could Be Soon—The Latest In A Series Of Dismal Forecasts
Topline The United States is already in a recession or could tip into one soon, economists surveyed by the National Association for Business Economics (NABE) warned on Monday, the latest in a series o...
Britain heading for ‘deep’ recession as downturn worsens
UK economy recession PMI pound sterling downturn inflation politics Truss Sunak – REUTERS/Peter Nicholls Britain is heading for a “deep” recession after new figures showed the economic downturn ...
Home flippers are now getting burned by the US housing downturn, slashing prices to cut losses — here are two big reasons why
‘Not the time to get greedy’: Home flippers are now getting burned by the US housing downturn, slashing prices to cut losses — here are two big reasons why Home flippers who pounced on rec...
Fintech layoffs mount as October marks 6 months of crypto downturn
After the Terra-Luna collapse sent crypto prices tumbling in May, many firms trimmed substantial parts of their workforce to stabilize their businesses. In June, for example, Coinbase laid off aroun...
Nasdaq 100 futures pointing to a short-term rally before a potential downturn
Stock futures, in general, rose after the Nasdaq Index posted its best daily return since July during yesterday’s trading session on October 17. Meanwhile, stock futures continued their ascent earlier...
UK GDP Shrinks by 0.3% Raising Economic Downturn Concerns
8 hours ago | 2 mins read Bitcoin News Concerns over a potential economic downturn are sure to rise in light of these figures. According to the World Bank, a severe recession in the global economy is ...
The Bearish Downturn Is Still on as the Cryptocurrency Markets Struggle to Keep Support
The cryptocurrency markets still have trouble after failing to hold support last night, adding to the downward pressure this Wednesday. With a price of $19,103, bitcoin is still trading below the $20,...
Crypto’s downturn is about more than the macro environment
The global economic downturn should not have a long-term negative effect on cryptocurrency prices, even if it is influencing crypto in the short term. It’s been a tough year for risk assets across the...
Paul Tudor Jones says he still has Bitcoin exposure amid market downturn
With a reported net worth of roughly $7.5 billion, the veteran hedge fund manager said he still has a “very minor allocation” of Bitcoin. Veteran investor Paul Tudor Jones said he still has a “very mi...
LBank Captures Major Markets in September Amid the Crypto Downturn
– Advertisement – LBank continues to infiltrate major markets through several of its initiatives, partnerships and education campaigns, despite the recent crypto downturn. Now rated as one...
Crypto.com downsizes some sports partnership deals amid market downturn: Report
The crypto exchange reportedly cut the scope of sponsorship agreements inked with sports organizations including the Angel City Football Club, the 2022 FIFA World Cup and Twitch Rivals. Cryptocurrency...
Mortgage Rates Drop For First Time In 6 Weeks—But Housing Market Downturn Could Last Several Years, Wells Fargo Warns
Topline Despite mortgage rates falling for the first time since mid-August, experts are warning the higher borrowing costs that have tanked the housing market this year could stick around for at least...
Crypto Fund Manager Bitwise Launches Web3-focused ETF amid Market Downturn
The ongoing market downturn has no hold on crypto-based ETFs and Bitwise is looking to capitalize with its new ETF launch. Bitwise, a leading crypto fund manager, has launched a new exchange-traded fu...
Credit Suisse and Deutsche Bank Face Extreme Downturn
4 hours ago | 2 mins read Bitcoin News Credit Suisse’s CDS spread is at levels not seen since 2009. Deutsche Bank’s price per share has averaged 0.3 times tangible book value (TBV). The financial worl...
WazirX Confirm 40% Staff Cuts Amid Market Downturn
Indian cryptocurrency exchange WazirX has confirmed that it has laid off 40% of its staff as the bear market continues to take its toll. Cryptocurrency exchange WazirX has announced that it has let go...
Despite the Crypto Market Downturn, DAO Treasuries Grew by $700 Million Since January – Defi Bitcoin News
Since January 2022, the entire crypto economy has shed $1.36 trillion in value, as the market capitalization dropped from $2.34 trillion to today’s $979 billion. While the crypto economy is down in va...
Bitcoin Mining Industry Reveals Mergers, Hashrate Increases, and New Facilities Amid Market Downturn – Mining Bitcoin News
While bitcoin is down more than 72% from the crypto asset’s all-time high, bitcoin mining operations are expanding at a rapid pace during the downturn. On Tuesday, the bitcoin miner Cleanspark said it...
CryptoPunk NFTs Sale Continues Despite Market Market Downturn
Non-fungible tokens (NFTs) saw a massive boom in the year 2021—the same year when the broader crypto market achieved its ATH of over 3 trillion USD in market cap. In contrast, the whole crypto industr...
Crypto Mining Space Facing Repercussions of Market Downturn
For a while now, the whole crypto space is going through tough situations. Major cryptocurrencies including bitcoin (BTC), Ethereum (ETH), Cardano (ADA), BNB (BNB), Solana (SOL), and several others, a...
Grayscale Bitcoin Trust discount hits all-time low amid crypto market downturn
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low last week. GBTC’s discount fell to -35.26% — its lowest point ever, accordi...
Buy US Treasuries to Prepare for 2023 Downturn, Citi Strategist Says
(Bloomberg) — Citigroup Inc.’s Steven Wieting says buying US Treasuries is the way to prepare for 2023, when an economic downturn will cut earnings and employment. Most Read from Bloomberg “We h...
Cardano Creator Charles Hoskinson Names Catalyst That He Believes Could End Crypto Downturn and Trigger ‘Mega Bull Market’
The creator of Ethereum (ETH) challenger Cardano (ADA) says that he’s identified the catalyst that would end the crypto winter and spark a massive industry-wide rally. In a new interview with Cheeky C...
Mining Service Provider Compute North Becomes the Latest Casualty of Market Downturn
Cryptocurrency miner Compute North files for Chapter 11 bankruptcy in Texas as the extended crypto winter puts increasing pressure on mining revenues. The Minnesota-based company owes creditors $500 m...
Bitcoin Miners & Holders Double Down Despite Bear Market Downturn
Stung by Bitcoin sinking below $20,000 in September, public miners and prominent holders have determined to follow through with their standing strategies. Publicly listed Bitcoin miner BitFarms commen...
Opinion: Micron earnings suggest the chip downturn could be worse than Wall Street expects
Micron Technology Inc. executives warned about a semiconductor downturn in late June, but now say that a “sharp and sudden” drop in demand exceeded even those expectations, suggesting the current chip...