A surge in the demand for foreign exchange and the general scarcity of the resource may be the reasons why the naira currency recently slumped to a new all-time low of 735 versus the U.S. dollar, a re...
Tag: Hits
Outage Hits Coinbase Exchange, US Bank Accounts Clients Affected
Cryptocurrency exchange Coinbase issued alerts at 7:57 a.m. ET Sunday morning indicated that its platform was experiencing an outage that left Coinbase account holders with U.S. bank accounts unable t...
Ethereum on Verge of Collapse as This Indicator Hits New Multimonth Low
Arman Shirinyan Second-biggest asset on network facing series of problems after Merge Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. ...
Bitcoin trading volume hits 3-month high as investors abandon fiat
Despite Bitcoin (BTC) recording significant corrections in 2022, the asset is witnessing increased investor activity. In this line, Bitcoin’s trading volume has risen steadily as the flagship cryptocu...
Big Eyes Coin As It Hits $ 3.2 Million in Presale
SPONSORED POST* The top of the crypto market is a hard place to reach. Thousands of cryptocurrencies have tried their luck competing with Solana (SOL) and Ethereum (ETH) but have failed. Ethereum and ...
Enter the afterlife in style, Solana NFT game demo hits Epic store and more
The company behind the Spartan Race has released a nonfungible token (NFT) collection which will immortalize the names of the initial holders in stone, with plans to build a 35-foot (10.5 meters) stat...
Germany’s Inflation Hits Double Digits for the First Time Since WWII, Parliament Reveals $195B Subsidies Package to ‘Make Prices Drop’ – Economics Bitcoin News
Following the Covid-19 pandemic, the massive amount of stimulus, and amid the Ukraine-Russia war, Germany’s inflation has soared. Official data from Germany’s consumer price index (CPI) indicates that...
What It Could Take To End Hunger In America, Hurricane Ian Hits Florida Farming And Inside Marion Nestle’s ‘Slow Cooked’
Retirees swimming in their flooded South Florida living rooms. Entire houses getting sucked out to sea. Restaurants, grocers and food banks out of commission. Tomato fields and citrus orchards wrecked...
Euro zone inflation hits 10%: has it peaked yet?
Euro zone inflation climbed sharply to a new high of 10% in September – flash estimates from Eurostat (region’s statistics office) indicated on Friday. Seema Shah reacts to the inflation report In com...
UK watchdog hits back over crypto regulation criticism
As the United Kingdom moves towards regulating the cryptocurrency sector, the country’s watchdog Financial Conduct Authority (FCA), has recently come under criticism over its handling of the industry,...
Dow Jones Futures: S&P 500 Hits Fresh Lows As Apple, Tesla, CarMax Dive, Nike Plunges Late
Dow Jones futures rose modestly Friday morning, along with S&P 500 futures and Nasdaq futures, with Nike (NKE) and Micron Technology (MU) earnings in focus and the Fed’s favorite inflation g...
Bitcoin in ‘HODL’ hits a 5-year high as investors remain unaffected by market volatility
Most Bitcoin (BTC) investors appear to be banking on the possibility of the asset rallying in the future despite the extended correction as the cryptocurrency continues to consolidate around the $20,0...
QNT Hits 6-Month High, ATOM Falls to 20-Day Low – Market Updates Bitcoin News
While crypto markets were mostly lower on Wednesday, quant rallied to a six-month high earlier in the day. Today’s move came as the token broke out of a key resistance level, en route to its strongest...
S&P 500 Hits 2022 Low, Markets Dip For 6th Straight Day
Topline Markets extended its losing streak Tuesday despite an early rally and the S&P 500 closed at its lowest level since November 2020 as concerns about a global recession and monetary policy lo...
Bitcoin 90-Day CDD Hits All-Time Low, What Does It Say About Market?
Data shows the Bitcoin 90-day Coin Days Destroyed metric has hit an all-time low, here’s what it says about investors in the BTC market. Bitcoin 90-Day CDD Has Recently Plunged To A New All-Time Low A...
LINK Hits 6-Week High, UNI up 16% on Tuesday – Market Updates Bitcoin News
Chainlink hit a six-week high during Tuesday’s session, as the token rose for a sixth consecutive session. The move saw the token rally past a key resistance level in the process. Uniswap was also in ...
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...
California Hits Nexo With Cease and Desist Notice
The California Department of Financial Protection (DFPI) has issued a cease and desist order against crypto lender Nexo Group for offering yield-bearing accounts. According to the DFPI, Nexo has offer...
Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits
With the pound in the doldrums, crypto investors in Britain received some respite from bitcoin losses. The pound hit an all-time low of $1.0327 versus the U.S. dollar on Monday, as traders bet agains...
Euro Hits New Lowest Level Against US Dollar in 20 Years
Euro at lowest level in 20 years in relation to the dollar, as energy woes continue to dictate the macroeconomic landscape. The euro is currently trading at its lowest level against the US dollar in 2...
More Woes for Grayscale Investors as Largest Bitcoin Fund Hits New All-Time Low
There seems to be no bottom for the Grayscale Bitcoin Trust (GBTC), as shares of the industry’s largest Bitcoin fund hit a record discount of 35.18% last Friday. GBTC shares allow investors to trade s...
Dow Jones Hits Bear Market After Today’s Sell-Off; What To Do Now
Dow Jones futures rallied 200 points ahead of Tuesday’s open. The Dow Jones Industrial Average finished in a bear market, a drop of 20% or more from a recent high, selling off more than 300 poin...
Grayscale Bitcoin Trust (GBTC) Hits New All-Time Low
5 hours ago | 2 mins read Bitcoin News Grayscale’s website states that GBTC has $11.9 billion in assets under management. GBTC has always traded at a significant premium over spot Bitcoin pricing. Sha...
Pound Hits All-Time Low against Dollar after Mini-Budget Rocks Markets
The reaction to the mini-budget has been a cause for concern with the shadow chancellor Rachel Reeves stating that she was incredibly worried. The Pound recorded a 5% fall against the dollar to hit $1...
Wall Street’s fear gauge hits highest level since June
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters A measure of fear in stocks just hit the highest level in three months a...
Pound hits new low – what does it mean as dollar parity nears?
Yikes. It was not too long ago that the euro hitting dollar parity made big news, which I wrote about at the time here. As the graph below shows, the collapse of the euro against its transatlantic cou...
ETF popularity hits record number
ETFs are seeing a record surge in popularity. The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, acc...
The pound-dollar rate hits all-time low
The Great British pound sterling has fallen to the lowest level ever against the United States dollar. In a flurry of overnight trading activity, the pound reached lows of 1 pound = $1.04. It lost 5% ...
U.S. Dollar Hits Two Decade Peak As Indian Rupee Reached Life-Time Low
33 mins ago | 2 mins read Editors News DXY hit the 114.5 level and touched 2003 high. Sterling recorded an all-time low of $1.0387. The U.S. dollar currency index (DXY) overcame significant opposition...