Electric-vehicle maker Lucid turned in respectable third-quarter earnings and stuck with its forecast for vehicle shipments this year, but the stock was dropping. Reservations were the issue. Lucid (t...
Tag: Plunges
Coinbase (COIN) stock plunges over 10%; Here’s why
Coinbase (NASDAQ: COIN) stock fell by more than 10% on Tuesday, November 8, as COIN shares were impacted by the uncertainty in the crypto market surrounding rival cryptocurrency exchange – FTX. FTX i...
Why is FTX Token crashing? FTT plunges 80% wiping $2.5 billion from its market cap
With the ongoing controversy between two major cryptocurrency exchanges – FTX and Binance – and the latter dumping $500 million worth of FTT, it is no surprise that the FTX token’s price and market ca...
Chainlink plunges from 3-month high as LINK price eyes another 50% correction
Chainlink’s LINK (LINK) token returned to mimic the broader crypto market downtrend as its price fell alongside top coins Bitcoin (BTC) and Ether (ETH) on Nov. 8. LINK plunged by as much as 10% into t...
FTX Native Token FTT Plunges Following Takeover News
The FTX.com international exchange has long offered traders a variety of perks for holding and staking FTT, the exchange’s native token. Following the news of some sort of buyout deal tentatively reac...
Robinhood Plunges as Bankman-Fried’s FTX Sells Itself to Binance
(Bloomberg) — Robinhood Markets Inc. tumbled by the most in more than a year after Binance Holdings Ltd. agreed to acquire Sam Bankman-Fried’s troubled crypto exchange FTX.com, which had been co...
Binance’s FTX.com Acquisition Plunges Market Into Chaos
Key Takeaways Binance’s planned acquisition of FTX has sent markets into turmoil. Tokens backed by FTX and Alameda Research and suffering acutely from the news, especially FTT, which is down abo...
ETH Fees Spike 10x as Price Plunges – Trustnodes
Ethereum network fees have spiked 10x to 318 gwei with a simple transaction nearing $10 at one point while Uniswap transactions reached $76. That’s while ethereum’s price dived to $1,240 before slight...
FTX and Binance beef bothers crypto market, bitcoin plunges below $20,000
Crypto markets continued to sell off on Tuesday as two of the industry’s biggest exchanges — FTX and Binance — have engaged in something of a public dispute. The global crypto market cap has com...
Bitcoin Suddenly Plunges Below $20,000. Here’s Why
Alex Dovbnya The price of Bitcoin is now down more than 5% over the last 24 hours The price of Bitcoin suddenly has once again plunged below the psychologically important $20,000 level. The world’s l...
Solana Plunges 12% – Is FTX Selling Its SOL To Defend FTT?
Amidst the turmoil surrounding crypto exchange FTX, there is currently one big loser, Solana (SOL). While the FTT token is at the center of discussions for many market observers after Binance CEO Chan...
Gala Games Debunk Rumors Of Alleged Hack After Token Plunges
Amid several difficulties and financial crises in the crypto industry, the value of Gala Games’ native token, GALA, dropped 90%. Community members are speculating the cause of this massive decline is ...
Warner Bros. Discovery stock plunges, media giant ‘dealing with three different issues’
Warner Bros. Discovery’s (WBD) stock sank another 14% in mid-afternoon trading on Friday after the company reported third quarter earnings results that missed expectations across the board. R...
Dogecoin Plunges As Twitter Pauses Work On Crypto Wallet
The crypto market’s everyone’s darling, Dogecoin (DOGE), is currently facing a price slump. The DOGE price recorded double-digit losses (-10%) at times over the past few hours. The sell-off comes afte...
Roku Plunges 24% on Forecast for Loss, Shrinking Ad Budgets
(Bloomberg) — Roku Inc., the maker of set-top boxes consumers use to watch Netflix and other streaming services, slumped in late trading after forecasting a wider-than-expected fourth-quarter lo...
Powell Raises Rate by 75 bps; Dow Jones Plunges; Top Energy Stock Nears Buy Point Before Earnings| Investor’s Business Daily
The Dow Jones Industrial Average plunged over 500 points to close a volatile day as the market reacted to Fed Chair Jerome Powell 75 bps rate hike at 2 pm ET. The blue chip index rose 1% immediately ...
Bitcoin Coinbase Premium Index Plunges Down, What Does It Mean?
Data shows the Bitcoin Coinbase Premium Index has plunged down recently, here’s what has happened in the past during instances of such a trend. Bitcoin Coinbase Premium Index Has Sharply Gone Down Rec...
Mortgage Giant Rocket Plunges Back to Earth, Hit by Rising Rates
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Argo Shares Plunges 72% After Fundraising Fails to Go Through
Bitcoin miner Argo Blockchain Plc on Monday raised a warning that it could be forced to shut down its business operations following a deal to raise $27 million from a strategic investor that failed to...
Egyptian Currency Plunges 15% – The Coin Republic: Cryptocurrency , Bitcoin, Ethereum & Blockchain News
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HUSD ‘Stablecoin’ Plunges to $0.3 Following Huobi Delisting
Huobi’s native stablecoin – HUSD – lost its parity with the American dollar and tumbled by nearly 70% after the exchange delisted the asset last week. At one point, its valuation dropped to $0.28, the...
TuSimple Stock Plunges After Firing CEO Amid Probe Into China Ties
Updated at 9:10 am EST TuSimple Holdings (TSP) shares plunged lower Monday after it fired CEO Xiaodi Hou following weekend reports that the self-driving truck company is facing a series of federal p...
Bitcoin Mining Firm Core Scientific Stock Plunges Amid Bankruptcy Rumors
The crypto winter that began in early 2022 has resulted in several financial issues, including Bitcoin mining firms. Many crypto firms have struggled, while others had to close shop. The crypto commun...
Egyptian Currency Plunges 15% After Cairo Accedes to Key IMF Exchange Rate Condition – Emerging Markets Bitcoin News
After authorities in Egypt announced the adoption of a more flexible exchange rate regime, the pound exchange rate versus the U.S dollar plunged to 23.09:1, a new low for the currency. Cairo’s apparen...
‘Ill-Timed” ProShares Bitcoin ETF Plunges Over 70%
As per the data compiled from Morningstar Direct for FT, the Bitcoin Strategy fund (BITO) launched in October 2021 by ProShares lost money on an “unprecedented scale.” The ETF has attracted consistent...
Microsoft Plunges on Forecast for Lackluster Azure Growth
(Bloomberg) — Microsoft Corp. gave a lackluster forecast for sales growth in its Azure cloud-computing services business, a closely watched measure of corporate demand, sending the shares reelin...
Bitcoin Price Plunges as Fed Remains Hawkish
Alex Dovbnya Bitcoin has dropped to lowest level since early October as Fed nears announcement of another massive rate hike Earlier today, the price of Bitcoin slipped to $18,660, the lowest level sin...
‘Ticket To Paradise’ Nabs Solid $6.4 Million Friday, ‘Halloween Ends’ Plunges 88%
Still Photography on the set of “Ticket To Paradise” Stills Photography by Vince Vali In even better news for the overall theatrical industry, Universal’s Ticket to Paradise opened with a ...
XPeng Stock Plunges After Rare Double-Downgrade
Shares for Chinese electric vehicle maker XPeng have just been hammered in 2022—and they dropped even more Friday after a once-bullish analyst said to sell the stock. Citi analyst Jeff Chung doubled-d...