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It’s not just the “Magnificent Seven” stocks feeling the impact of recent sell-off action. Highfliers like Netflix (NFLX), AMD (AMD), Micron (MU), Dell (DELL), and Palantir (PLTR), among others, have also been washed out in the midst of this latest market rout. Netflix stock has declined over 10% from a month ago, and some on…

Earlier this Tuesday, the U.S. Securities and Exchange Commission delayed its decision on an application by cryptocurrency asset manager Grayscale to convert its XRP trust into ETF.  The price of XRP has dipped by 1.2% on the news after spiking to an intraday high of $2.2 on the news.  The SEC has also postponed making…

By Elizabeth Howcroft (Reuters) – Germany’s Deutsche Boerse will offer cryptocurrency custody and settlement services for institutional clients from next month, the company said on Tuesday, becoming the latest firm to offer custody management for bitcoin and ether. The service aims to allow crypto trading from various trading venues to be settled and held in…

XRP hits important price level that might become start of longer-term reversal Source link

(Bloomberg) — Cryptocurrencies slid further as fears over a selloff in US equities eclipsed President Donald Trump’s recent efforts to buttress the industry. Most Read from Bloomberg Bitcoin (BTC-USD) fell more than 3% on Tuesday morning in Asia while second-ranked token Ether (ETH-USD) dropped as much as 6% to $1,756, an intra-day low not seen…

American financial Anthony Scaramucci has shared his latest take on the recently announced strategic Bitcoin reserve, arguing that it will actually help the U.S.  “We believe in a United States Strategic Bitcoin Reserve not because it will help Bitcoin, but because it will help the United States,” he said on the X social media network.  Back…

NEW YORK (Reuters) -Major U.S. stock indexes sank on Monday after U.S. President Donald Trump declined to predict whether his tariff policies could lead to a recession, roiling investor sentiment. The Nasdaq Composite sank more than 4% after confirming last week that its retreat from December’s record high was a correction. The S&P 500 slumped…

XRP, the fourth-ranked crypto asset, has been experiencing price fluctuations for the last seven days. Notably, XRP’s price has plummeted from $2.62 to a low of $2.09 as market volatility continues. Amid this trend, a sell-off scare remains on the market. 167 million XRP transfer triggers speculation Per the latest outlook, XRP whales have decided to…

Markel, the insurance unit of Markel Group, has strengthened its excess casualty leadership team within the Markel Specialty division in the south-east region of the US. Nan Fine has been promoted to managing director of casualty, south-east region, Markel Specialty, where she will oversee initiatives across casualty lines, including healthcare risk solutions, primary casualty and…

Mike McGlone, senior commodity strategist at Bloomberg, has predicted that the price of Bitcoin might potentially plunge to $70,000.  Meanwhile, the Bitcoin market has succumbed to “extreme fear” once again despite the excitement surrounding the creation of a strategic Bitcoin reserve in the U.S.  The widely tracked Bitcoin to gold ratio, which measures how many ounces…