All articles tagged with #selloff
Originally Published 1 month ago — by Bloomberg.com
Cryptocurrencies, led by Bitcoin and Ether, experienced a sharp decline amid ongoing selloff concerns, with Bitcoin dropping below $88,000 and traders wary of further declines towards $80,000, amid regulatory warnings and weak inflows into Bitcoin ETFs.
Originally Published 2 months ago — by MarketWatch
Tech stocks experienced their worst weekly decline since April, dropping 4.2% amid concerns over high valuations, despite strong recent earnings and a healthy overall market backdrop. The selloff, driven by profit-taking and valuation concerns, is seen by analysts as a necessary correction that could support future stability.
Originally Published 2 months ago — by Seeking Alpha
The Nasdaq Composite and Nasdaq-100 Index fell to two-week lows, dropping 1.8%, amid a broad risk-off sentiment among investors leading to widespread sell-offs in U.S. equities.
Originally Published 2 months ago — by Barron's
Cryptocurrencies like Bitcoin, Ethereum, and XRP have experienced a significant decline due to a broader risk-off sentiment in markets, influenced by geopolitical tensions and concerns over overvaluation, though Bitcoin showed some resilience by rebounding above a key psychological level.
Originally Published 2 months ago — by Bloomberg
US stocks experienced their biggest decline in a month, sparking debate among investors about the potential depth of a market correction amid concerns over high valuations, narrow leadership driven by tech giants, and economic uncertainties, with some analysts suggesting a possible move towards the 6,400-6,500 level for the S&P 500.
Originally Published 2 months ago — by Barron's
Gold prices experienced a significant decline, with a 5.7% drop marking its largest in over 12 years, driven by profit-taking after a strong rally despite declining bond yields. While some see the pullback as a correction, gold remains on track for its best year since 1979, supported by central bank buying and expectations of lower interest rates, though traders anticipate continued volatility.
Originally Published 2 months ago — by Decrypt
Bitcoin and major cryptocurrencies experienced a significant decline, with Bitcoin hitting a 4-month low, driven largely by sell pressure from crypto-native investors rather than institutions, according to JPMorgan. Despite the selloff, institutional inflows into ETFs remain steady, and long-term outlooks remain optimistic, with upcoming cycles and institutional support expected to stabilize the market.
Originally Published 3 months ago — by Barron's
Cryptocurrencies including Bitcoin, Ethereum, Solana, and XRP experienced significant declines following a Federal Reserve interest rate cut, which triggered a cascade of liquidations due to excess leverage and speculative bets, impacting crypto stocks as well.
Originally Published 5 months ago — by MarketWatch
U.S. stocks have declined since August, with warnings from strategists about a potential deeper correction of 7-15% by mid-October, driven by high valuations, seasonal weakness, overbought conditions, and rising market volatility, though the long-term bull market may still be intact.
Originally Published 5 months ago — by Seeking Alpha
The author downgrades Novo Nordisk from Strong Buy to Buy due to recent guidance cuts and competitive pressures, but remains optimistic about its long-term prospects given its manufacturing scale and pipeline. The stock has experienced a sell-off similar to 2016, but the company’s history of navigating growth slowdowns suggests patience is needed for a potential recovery, making it a suitable long-term investment for those comfortable with volatility.
Originally Published 1 year ago — by AMBCrypto News
FET, part of the Artificial Superintelligence Alliance, has been on a bullish trend but faces challenges as it approaches resistance levels within a symmetrical triangle pattern. Analyst Crypto Leo notes that breaking these levels is crucial for FET to continue its rally, potentially reaching $3.50. However, significant sell-offs and liquidation of long positions are creating downward pressure, delaying the rally. Despite this, a 10.20% increase in Open Interest suggests a lingering bullish sentiment, though FET's breakout remains uncertain.
Originally Published 2 years ago — by MarketWatch
Gilead Sciences' stock plunges over 10% in premarket trading after disappointing trial results for its lung cancer treatment, Trodelvy, failing to meet its primary endpoint of overall survival in previously treated metastatic non-small cell lung cancer. The company plans to discuss the results with regulators, expressing continued confidence in Trodelvy's potential in metastatic NSCLC despite the setback.
Originally Published 2 years ago — by Barron's
Bitcoin and other cryptocurrencies have settled after experiencing one of the worst selloffs this year. Despite the recent decline, digital assets are still holding onto gains from a recent rally that pushed prices to their highest levels since April 2022.
Originally Published 2 years ago — by Barron's
Bitcoin and other cryptocurrencies have settled after experiencing one of the worst selloffs this year. Despite the recent decline, digital assets are still holding onto gains from a recent rally that pushed prices to their highest levels since April 2022.
Originally Published 2 years ago — by Bloomberg
Bitcoin experienced a sudden 7.5% drop towards $40,000, causing concerns about the stability of its 2023 rally. The cryptocurrency market as a whole also faced a selloff, with Bitcoin eventually recovering some of its losses to trade 3.7% lower at $42,165.