Reuters Stocks on worst run in 18-months amid global COVID-19 surge Risk-aversion ruled on Monday as a surge in worldwide coronavirus cases drove down bond yields and left stocks facing their longest losing streak since the pandemic first hit global markets 18 months ago. Europe’s STOXX 600 saw its worst morning in two months and London’s FTSE fell over 2% as Britain’s ‘freedom day’ when it lifted COVID restrictions was overshadowed by its double-jabbed health minister contracting the virus. … Source link

Bloomberg Stock Selloff Deepens, Bonds Climb on Virus Spread: Markets Wrap (Bloomberg) — Stocks slumped around the globe and bonds climbed as the spread of the delta variant cast a pall over the economic recovery.All major groups in the S&P 500 retreated, led by commodity, financial and industrial companies. Airlines and cruise operators tumbled amid concern over further travel restrictions, while a gauge of small caps slid about 2%. European shares headed for their biggest slide this year,… Source link

Anthony Di Iorio, co-founder of ethereum. Decentral Anthony Di Iorio, a co-founder of the ethereum blockchain, is wrapping up his time in the cryptocurrency world due to personal safety concerns, and because he no longer wants to be known as the “crypto guy.” He recently told Bloomberg he wasn’t too encouraged by the risk profile attached to the industry. “I don’t feel necessarily safe in this space,” he said. “If I was focused on larger problems, I think I’d be safer.” The 48-year-old… Source link

Bitcoin Bitcoin, BTC to USD, fell by 7.09% in the week ending 18th July. Following a 2.93% loss from the previous week, Bitcoin ended the week at $31,820.0. In a mixed start to the week, Bitcoin rose to a Monday intraweek high $34,655.0 before hitting reverse. Falling short of the first major resistance level at $35,662, Bitcoin slid to a Friday intraweek low $31,044.0. Bitcoin fell through the first major support level at $32,445 before briefly revisiting $32,450 levels. Coming up against the… Source link

Boxing legend Mike Tyson spurred a full-on cryptocurrency debate that attracted advocates of Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and other altcoins. What Happened: The former heavyweight champion asked on Twitter Inc’s (NYSE:TWTR) platform “Which do you prefer, BTC or ETH?”  See Also: How To Buy Ethereum (ETH) Jack Dorsey, CEO of Twitter and Square Inc (NYSE:SQ) pitched for the apex cryptocurrency. https://t.co/0j3aZAXcwp — jack (@jack) July 18,… Source link

Ethereum Ethereum fell by 0.44% on Sunday. Partially reversing a 1.20% gain from Saturday, Ethereum ended the week down by 11.67% to $1,891.46. A mixed start to the day saw Ethereum rally to an early morning intraday high $1,994.40 before hitting reverse. Ethereum broke through the first major resistance level at $1,929 and the second major resistance level at $1,959. Falling short of $2,000 levels, however, Ethereum slid to a late afternoon intraday low $1,878.67. Steering clear of the first… Source link

The Monero price is finding its feet and showing encouraging signs of turning higher. If XMR can clear $234, a run at $300 could be on the cards. Monero is last trading at $203.20, higher by $5.342 (+2.79%). Privacy coin Monero has lost just 4% over the last seven days despite many of the top 20 cryptos suffering much larger declines. This is certainly encouraging and reinforces its potential in the face of concerted government crackdowns on cryptocurrencies. Monero’s obfuscated public… Source link

Monero [XMR], the market’s leading privacy coin, has seen its fair share of ups and downs this year. The altcoin massively rallied during the initial few months of the year, hit its local 3-year high in May, and commenced its downfall right after that. At the time of writing, XMR’s state was quite congruent to the state of other altcoins struggling to shield themselves from broader market corrections. With Bitcoin prolonging its stay in the rangebound zone, looks like alts, especially… Source link

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