Markets: Bitcoin price falls with Ether. Doge sole gainer in top 10 cryptocurrencies – Yahoo Finance

Bitcoin fell but held above US$19,000 in Wednesday morning trading in Asia as the world’s leading cryptocurrency continued its month-long dalliance with that support level. Excluding stablecoins, most of the top ten cryptocurrencies by market capitalization fell, led by Solana. Dogecoin was the only token on the list to gain ground.
See related article: BNB Chain back online after devs deploy update to save funds
Bitcoin fell 0.5% in the past 24 hours to trade at US$19,052 at 8 a.m. in Hong Kong, while Ether fell 0.9% to US$1,279, according to data from CoinMarketCap.

Solana led the losers on the list, dropping 3.7% to US$30.79, but Polygon wasn’t far behind with a 3% fall to US$0.78. This despite announcing Tuesday the network’s open-source zero-knowledge Ethereum Virtual Machine (EVM) public testnet, which will allow users to prove they own a piece of data without revealing the information on the EVM.

Tron dropped 1.9% to change hands at US$0.06. Dogecoin was the only gainer among the top 10, adding 1.26% to US$0.06.

U.S. equities had a mixed day Tuesday. The S&P 500 Index fell 0.7% and the Nasdaq Composite Index was down 1.1% to its lowest since July 2020 as both Indexes capped a 5-day losing streak. The Dow Jones Industrial Average closed the day up 0.1% boosted largely by gains in Amgen, Inc. and Walgreens Boots Alliance Inc.

Equities were hit following Bank of England Governor Andrew Bailey advising a meeting of pension funds managers on Tuesday that its £65 billion bond-buying intervention will end this week, and they should rebalance their portfolios by then. The pound fell against the U.S. dollar following the statement, dipping below US$1.10.

Investors await the release on Wednesday of the minutes from September’s Federal Open Market Committee meeting for further insight into the thinking of the U.S. Federal Reserve on interest rates and inflation. The Consumer Price Index is also due on Thursday, which will show the rate of inflation for September. Inflation was running at 8.3% for the 12 months to August versus the Fed’s target rate of 2%.
See related article: Brazil police bust crypto group led by ‘Bitcoin Sheikh’
Related Quotes
It's never a dull time analyzing Tesla's (NASDAQ: TSLA) stock. The innovative electric car company always seems to have something interesting going on. In this video, I take a beginner-friendly walk-through of Tesla's second-quarter earnings transcript.
(Bloomberg) — Tesla Inc. shares tumbled about 50% from their all-time high, amid a broader selloff in the US stock market that has hit growth and technology companies especially hard. Most Read from BloombergRolex Prices to Drop Further as Supply Surges: Morgan StanleyPutin Tried for Years to Stop His Military From Using Western Parts — And Mostly FailedSecret Service Minimized Threats Before Jan. 6, Documents ShowDiesel Hits Chaos Mode in Fresh Blow for Global EconomyA $25 Billion Grocery Deal
The economist warned in 2006 that the U.S. housing bust would cause a financial crisis. Now he has a new economic doomsday prediction, and it isn't pretty.
Investors seemingly can’t stop trying to pick a stock market bottom, no matter how bad the news—and it continues to backfire. Consider: This past Thursday, September’s consumer inflation report came in much hotter than expected, with the core CPI hitting a 40-year high. The initial response was exactly what you’d expect—the traded down as much as 2.4%—but then it started rallying…and rallying.
This week’s worse-than-expected inflation report led to turmoil in more than one market, but you only read about one of them. What got far less attention was the flurry of excitement that the inflation report caused in the normally-staid I-bond market.
Currently, AT&T sports a high 7.4% dividend yield, which means the company will pay an estimated 7.4% of its stock price to shareholders each year. This number constantly fluctuates because it is calculated using the annual dividend payout divided by the stock price. The yield rises if the dividend goes up and the stock price stays the same.
These diversified natural-resource giants have solid balance sheets, earnings, and dividends. All that they need is a rebound in commodity prices.
Things have been even worse for the technology stock-driven Nasdaq Composite (NASDAQINDEX: ^IXIC). Historically, every double-digit percentage decline in the major U.S. stock indexes, including the Nasdaq, has eventually been placed in the rearview mirror by a bull market rally. This makes every bear market a surefire buying opportunity for patient investors.
The premium being paid by Kroger (KR) for the company's merger values ACI closer to its 52-week highs and could eventually give the stock another short-term catalyst. With or without the merger, ACI stock may be worth investors' consideration as its growth outlook has become more intriguing.
Making investments pay out for the long term is the true challenge in today’s market environment. The series of headwinds piling up – from persistently high inflation to rising interest rates to slowing demand to bureaucratic bloat – are rising to hurricane force, and renewing investors’ attention to defensive stocks. It’s only logical. The classic defensive stock, the dividend payer, ensures an income stream no matter how the markets move, and if the yield is high enough, these stocks can also
Investors were surprised by the big rally in the stock market on Thursday, but Friday brought another dose of reality and disappointment. After having posted monumental gains despite high readings on inflation, the Nasdaq Composite (NASDAQINDEX: ^IXIC) closed at its worst level of the year, and the S&P 500 (SNPINDEX: ^GSPC) and Dow Jones Industrial Average (DJINDICES: ^DJI) gave up most of their advances from earlier in the week. One of the biggest stock stories of the past several years has been Tesla (NASDAQ: TSLA).
In the midst of a bear market, with rising interest rates and the threat of a prolonged recession in the air, real estate investment trust (REIT) stocks have endured tremendous price declines. Given this, it isn’t easy to find REITs that could see dividend increases soon. Two questions come to mind. Why would a company raise its dividend when the yield is already increasing with each drop in price? And how do you find REITs with the dividend well-covered by funds from operations (FFO) and with s
This hasn't been a great year for chip stocks, but Advanced Micro Devices' positive, long-term trajectory is undeniable.
Warren Buffett's investing prowess has become legendary. The chairman of Berkshire Hathaway (NYSE: BRK.A) (NYSE: BRK.B) started buying stocks as a child and has built a net worth of more than $90 billion. Berkshire remains one of Apple's largest shareholders, with a 5.6% stake at the start of the year.
Stock prices have tumbled this year as surging interest rates to combat high inflation have investors worried we're heading into a deep global recession. Three stocks that have taken a particularly frightening fall this year are STAG Industrial (NYSE: STAG), Digital Realty (NYSE: DLR), and Simon Property Group (NYSE: SPG). Here's why our contributors believe these top dividend stocks can eventually spring back, making the recent sell-off look like a potentially compelling buying opportunity.
Warren Buffett has often said a low-cost index fund is the most sensible option for the great majority of investors.
The Senior Citizen’s League says there ‘may be no COLA payable in 2024.'
Want to put an S&P 500 investor in a good mood during earnings season? A huge earnings surprise would do it.
Value investing is a time-honored strategy, and many of the most successful investors ever — from Warren Buffett to Seth Klarman — have employed the approach. Despite this fact, there seems to be a perception among some investors that value investing is "boring," and with growth stocks outperforming value for much of the past decade, it is perhaps understandable that some investors have adopted this viewpoint. Sure, there are plenty of stodgy companies that are beloved by value investors, but there are plenty of exciting companies that make for great value investing opportunities as well.
(Bloomberg) — Inflation shows few signs of cooling in the economy. The same cannot be said of markets, which are starting to seem like the only thing the Federal Reserve has going for it these days.Most Read from BloombergRolex Prices to Drop Further as Supply Surges: Morgan StanleyPutin Tried for Years to Stop His Military From Using Western Parts — And Mostly FailedSecret Service Minimized Threats Before Jan. 6, Documents ShowDiesel Hits Chaos Mode in Fresh Blow for Global EconomyA $25 Billio


Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.