Bitcoin

Text size Dreamstime Bitcoin and other cryptocurrencies are selling off again, falling at least 5% in the past 24 hours. The downturn is pressuring shares of crypto-related stocks, including Coinbase Global (ticker: COIN), which was off 2.6% in trading Thursday to around $245. Other crypto stocks were… Source link

Bitcoin has lost around half its value since April. Dado Ruvic/Reuters Bitcoin slipped to $32,639 as of Thursday morning, sinking back below the $33,000 level. “We expect it to spend the next few weeks testing this range on either side,” Pankaj Balani of Delta Exchange said. Cryptocurrency-linked companies have suffered in step with the broader digital asset ecosystem. Sign up here for our daily newsletter, 10 Things Before the Opening Bell. The price of bitcoin slipped 7% Thursday… Source link

Reuters China clampdown could spur fresh short-selling of U.S.-listed shares, says S3 Short interest in a group of such stocks has fallen from $50.6 billion to $43.5 billion this year and short interest as a percentage of float fell from 5.67% to 3.81%, reflecting a closing out of some positions that were in the red after a market rally in January and February, Ihor Dusaniwsky, S3’s managing director of predictive analytics said in a report. The shorts, bets that shares will fall in the… Source link

Bitcoin traded sideways on Tuesday as market participants digested the latest regulatory crackdown from China. On Monday, the People’s Bank of China (PBOC) reiterated its long-held anti-crypto stance, warning institutions against providing services to crypto-related companies.  China’s announcement preceded choppy price moves around $34,000, which left traders with little sense of direction. Bitcoin trading remains in a tight range and the price is down about 6% over the past week. Latest… Source link

Bitcoin remains in a horrendously low-volume period of price action as volatility slumps to its lowest levels since November 2020. At the time of writing, Bitcoin was trading at $34,300 having ground out the lower time frame range between $33,000 and $36,000 with numerous stabs at both the upside and downside. All higher time frames continue to paint a bearish view on Bitcoin, with the recent daily death cross heaping pressure on the bulls, who are slowly but surely running out of ideas as… Source link

Reuters CORRECTED-Liability from Florida condo collapse: everyone will ‘blame everybody else’ The collapse of a condominium tower near Miami will set off years of litigation as victims and their families look to find fault among the building’s management as well as engineers, architects and others, according to legal experts. Disaster struck in Surfside, Florida, on June 24 as a major repair project was beginning, although the cause of one of the worst residential construction failures in the… Source link

Summer on Seneca Lake, the largest of the Finger Lakes in upstate New York, is usually a time of boating, fishing, swimming, and winetasting. But for many residents of this bucolic region there’s a new activity this season — protesting a gas-fired power plant they say is polluting the air and heating the lake. “The lake is so warm you feel like you’re in a hot tub,” said Abi Buddington, a resident of Dresden, N.Y., whose home is near the plant. The facility on the shores of Seneca Lake is… Source link

Bitcoin (BTC) did not move substantially in either direction last week, failing to assert the direction of the trend. Its failure to break down in the short-term and subsequent bounce could mean that the current movement is not corrective, thus indicating that the low is in. The movement in the next few days will be crucial in determining the future trend. Weekly consolidation During the week of June 28-July 5, BTC did not move significantly in either direction. On the contrary, it ranged… Source link

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Reuters Philippines’ plane crash kills 47, injures 49; probe ordered MANILA (Reuters) -All 96 passengers of the Philippine Air Force plane that crashed on Sunday killing 47 people have been accounted for, military chief Cirilito Sobejana said on Monday. The Department of National Defence said on Sunday three civilians on the ground were also killed, and four civilians were injured. The Lockheed C-130 transport aircraft, carrying troops bound for counter-insurgency operations, overshot the… Source link