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NEW YORK: U.S. stocks hit a one-month low on Tuesday as speculation that rising inflation pressure could prompt interest rate hikes sooner rather than later dragged on shares and hobbled the dollar, which hovered near a 2-1/2-month low.
“YEAH, it’s a hustle.” And with that, Elon Musk as host of Saturday Night Live (SNL) brought down the value of dogecoin by 35% and cemented it firmly in the minds of millions more retail investors, forcing us all to wait and see whether such pessimism will be their final verdict.
NEW YORK: FTX, the digital-assets trading platform launched two years ago by Sam Bankman-Fried, said it handled enough volume last month to make it one of the largest crypto exchanges.
SYDNEY: An extended sell-off drove Asian shares to their lowest in seven weeks on Wednesday as surging commodity prices and growing inflationary pressure in the United States prompted markets to bet on earlier rate hikes and higher bond yields globally.
NEW YORK: U.S. stocks suffered the biggest slump in at least 11 weeks on Wednesday and benchmark Treasury yields jumped after data showed consumer prices in April unexpectedly rose by the highest level in nearly 12 years, prompting bets on earlier interest rate hikes.
NEW YORK: Tesla Inc has suspended the use of bitcoin to purchase its vehicles, Chief Executive Officer Elon Musk said in a tweet on Wednesday, citing concerns about the use of fossil fuel for bitcoin mining.
NEW YORK (Reuters) - Losses from cryptocurrency theft, hacks and fraud fell sharply in the first four months of the year, but crime in the booming "decentralized finance" space hit an all-time high, a report from crypto intelligence company CipherTrace showed on Thursday.
NEW YORK: U.S. shares rebounded on Thursday after falling for three consecutive days and benchmark Treasury yields dipped, as investors snapped up stocks that would benefit from an economic recovery and shrugged off worries about rising prices, for now.
LONDON/SINGAPORE (Reuters) -Bitcoin was heading on Friday for its worst week since February, while dogecoin leapt by a quarter, as the latest tweets on cryptocurrencies from Tesla boss Elon Musk sent the digital coins on a wild ride.
TOKYO: Japanese shares led a rebound in Asian markets on Friday, building on the lead from investors on Wall Street snapping up stocks that would benefit most from an economic recovery.