“Bitcoin is is range bound at the moment,” said Nauman Sheikh, managing director at investment advisors Wave Financial, told CoinDesk TV’s First Mover program. “It’s hit ...
Tag: Sinks
TORN price sinks 45% after U.S. Treasury sanctions Tornado Cash — Rebound ahead?
Tornado Cash (TORN) has lost almost half its market valuation two days after being slapped with sanctions by the U.S. Treasury Department. The department accused Tornado Cash, a crypto mixer platform,...
SoftBank’s black quarter sinks the Nikkei
With great bitterness, Masayoshi Son, CEO and founder of the largest start-up and technology investment fund, announces the result of a black quarter: SoftBank loses $23.4 billion. SoftBank loses 7.5%...
Norwegian Stock Sinks as It Predicts Losses to Continue
Text size The cruise company predicted it would continue to be unprofitable in the third quarter. Alexandre Meneghini/Reuters/Alamy Shares of Norwegian Cruise Line Holdings fell sharply Tuesday after ...
Nvidia Stock Sinks as Revenue Estimate Misses, Gross Margin Outlook Slashed
Text size Nvidia stock has declined 10% this year, while the Nasdaq Composite has fallen 18%. Justin Sullivan/Getty Images Nvidia shares plunged after the chip manufacturer shared preliminary financia...
Warner Bros. Discovery sinks on $3.42 billion loss, HBO Max restructuring plan revealed
Warner Bros. Discovery (WBD) reported its first quarterly report since the $43 billion merger as the company battles consolidation challenges. The media conglomerate swung to a $3.42 billion loss in t...
Southwest Gas stock sinks after decision to not sell the company
Shares of Southwest Gas Holdings Inc. SWX, -13.50% sank 8.4% in premarket trading Wednesday, after the Nevada-based gas and electric utility determined that the best way to maximize shareholder value ...
Ethereum NFT Sales Hold Steady in July as Trading Volume Sinks Further
In brief Leading marketplace OpenSea has posted small month-over-month gains in total NFTs sold and unique users. However, overall USD sales volume has declined. Data suggests that NFT trading across ...
Solana stablecoin Nirvana sinks 90% amid $3.5 million flash loan exploit
Nirvana Finance, a decentralized finance (DeFi) yield protocol on Solana, has suffered a flash loan exploit to the tune of about $3.5 million, according to PeckShield. Nirvana’s native token ANA...
EUR/USD forecast as US sinks to a recession and EU confidence slips
The EUR/USD price dropped sharply on Thursday after economic data from the US showed that the economy sunk to a recession in the second quarter. The pair dropped to a low of 1.0110, which was sharply ...
Teladoc Stock Sinks on Wider Loss and Weak Guidance
Teladoc Health was falling more than 23% in premarket trading Thursday after the remote healthcare provider posted a wider-than-expected quarterly loss after recording a $3 billion impairment charge. ...
Shopify stock sinks 15% amid layoffs
Shopify’s (SHOP) stock fell as much as 16% on the same day e-commerce platform announced it will cut about 10% of its workforce, or 1,000 workers, by the end of Tuesday. The changes were explain...
Crypto Market Cap Sinks Under $1 Trillion, Bitcoin At One-Week Low
Selling pressure has resumed once again in the crypto market as the broader cryptocurrency market cap sinks under $1 trillion. Earlier today, the world’s largest cryptocurrency Bitcoin touched a one-w...
Is DEX Efficiency a Threat to Coinbase Long-Term?; Bitcoin Sinks Below $22K
Not all signs pointed downward. As CoinDesk Senior Markets Reporter Omkar Godbole reported, Bitcoin’s Monday plunge came even as Chicago Board of Options Exchange’s volatility index (VIX),...
AVAX value sinks to $24.13 low after bearish drive
Avalanche price analysis for today shows that the AVAX/USD pair has fallen to a new low of $24.13 after a bearish drive. The market has found support at $23.45, but the bulls have not been able to pus...
New Stock Sale Sinks Carnival Corp
Carnival Corp (CCL) announced a $1 billion common stock offering Thursday and traders reacted with sell orders. CCL was recently down about 10% on heavy trading volume. Let’s check out the chart...
Video of Mario Draghi knocking Bitcoin ages like milk as euro sinks to parity with dollar
A recently posted video by @CarlBMenger shows former European Central Bank President and current Italian Prime Minister, Mario Draghi, slating Bitcoin. The short clip, dated March 2018, had Draghi war...
ServiceNow sinks after CEO warns global tech firms won’t be able to outrun strong dollar
The strong U.S. dollar is a drag against technology brands in an environment already battered by fierce macro headwinds, ServiceNow CEO Bill McDermott told CNBC’s Jim Cramer. “You’re...
Bitcoin Erases Last Week Gains As Price Sinks Below $20,000
According to CoinGecko, the most prominent cryptocurrency in the world plummeted by 3.5% in the last 24 hours. Bitcoin gave up all of its gains from last week as it fell below $20,000. BTC’s price on ...
AVAX value sinks to $18.36 low after bearish drive
Recent Avalanche price analysis shows that the AVAX/USD pair has been on a steady decline since it reached highs of $23.38 in May. The market has found support at $18.21, but the bulls have not been a...
Mortgage demand sinks even as rates drop
People wait to visit a house for sale in Floral Park, Nassau County, New York. Wang Ying | Xinhua News Agency | Getty Images Mortgage rates dropped for the second week in a row, but that didn’t ...
Euro Sinks to Edge of Dollar Parity as Pros Call It ‘Unbuyable’
(Bloomberg) — With the European economy lurching toward a recession, traders are growing more convinced that the euro breaking parity with the dollar is imminent. Most Read from Bloomberg Shorti...
Bitcoin Trading Volume Sinks More than $2 Trillion in Second Quarter
Due to the steep decline in the prices of cryptocurrencies, Bitcoin trading volume in the second quarter of 2022 was one and a half times below that of the second quarter of 2021. Bitcoin continues to...
Dow Falls 700 Points As Euro Sinks To 20-Year Low Against The Dollar With Global Recession Fears ‘Front And Center’
Topline The stock market fell on Tuesday, adding to recent losses as investors returning from the holiday weekend face renewed fears of a looming recession, while shares of Tesla slumped after the ele...
SHIB transactions drop to 15-month low as meme coin sinks into the abyss
As the cryptocurrency market struggles to recover in the midst of a bearish crisis that has affected most of its assets, meme coin Shiba Inu (SHIB) has recorded a drop in the number of transactions as...
Bitcoin Trading Volume Sinks Down Almost 60% In 9 Days
Data shows the Bitcoin spot trading volume has dropped down almost 60% since the recent high, suggesting activity has severely fallen. Bitcoin Weekly Trading Volume Rises Sharp, And Then Falls Hard As...
Chainlink price analysis: LINK price sinks to $5.95, a further downside to follow?
Chainlink price analysis for today 30th June 2022 shows a downtrend. Prices have been on a steady decline for the past few days and currently, are trading below the $6 mark.LINK is currently trading a...
Bitcoin Cash Sinks 7% As Its Biggest Advocate Is Accused Of Default
Bitcoin Cash (BCH) prices sank on Wednesday after Roger Ver, a major advocate of the blockchain, was accused of owing crypto exchange CoinFlex about $47 million. In a Twitter statement, CoinFlex CEO ...
Cardano’s unique address activity sinks to a 1 year-low ahead of Vasil hardfork
Besides taking a toll on the Cardano (ADA) price, the ongoing crypto bear market has significantly impacted the number of unique addresses on the DeFi assets network. As of June 27, Cardano’s network...
Coinbase Sinks as Goldman Downgrades to Sell After 75% Rout
(Bloomberg) — Goldman Sachs Group Inc. analysts downgraded Coinbase Global Inc. to a sell rating as the crypto winter continues to take its toll on the struggling digital currency exchange. Most...