The MSTR stock price continued its downward trend as Bitcoin and other coins plunged on Monday. Strategy dropped by 8.15% on Monday, reaching a low of $162, which was slightly above the year-to-date low of $155. Strategy is at risk of mNAV crashing below 1 The MSTR share price crashed by nearly 10% on the
US nonfarm payrolls rose by 64,000 in November, beating forecasts but revealing deeper cracks in the labor market that sent Bitcoin briefly slipping below the mid-$86,000 area. While the headline jobs number was better than the worst-case fears, the uptick in the unemployment rate to 4.6% triggered a conflicting wave of risk appetite. The soft
Bhutan has announced plans to commit 10,000 Bitcoin from its reserves towards the development of the Gelephu Mindfulness City (GMC), a special administrative region. The GMC is Bhutan’s flagship economic initiative, where it plans to harness innovation, sustainability, and financial connectivity to foster national growth and create long-term prosperity for the country’s youth and broader
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UK unemployment rose in the three months through October as a softening labour market added to the Bank of England’s policy dilemma ahead of its final interest rate decision of the year. The headline jobless rate edged up to 5.1% in the August-to-October period, from 5.0% in the three months through September, according to figures
Binance’s native coin, BNB, has overtaken Ripple’s XRP and is now the fourth-largest cryptocurrency by market cap. With a market cap of $118 billion, BNB is now ahead of XRP’s $113 billion. However, the flip comes as BNB, XRP, Bitcoin, and other leading cryptocurrencies underperform. BNB briefly dropped below the $850 mark on Monday as
Dow futures retreated Tuesday as market participants braced for November’s employment report. The employment data, which is delayed due to the government shutdown, is a key economic indicator that could influence Federal Reserve policy decisions. The Dow Jones Industrial Average futures fell 72 points, or 0.2%, while S&P 500 futures declined 0.3% and Nasdaq 100
Brent oil prices fell below $60 per barrel on Tuesday, slipping more than 1.5% as hopes for a Russia-Ukraine peace deal strengthened. Brent crude oil prices dropped under $60 per barrel this morning, marking the first such occurrence in over seven months. Furthermore, the West Texas Intermediate price concluded Monday’s trading at its lowest point
The ARKK ETF stock has done well this year, and is beating other funds like those tracking the Nasdaq 100 and S&P 500 indices. Its total return this year was ~40%, much higher than QQQ and VOO’s 20% and 17.7%. However, the fund remains much lower than its all-time high of $157.98. Its five-year performance
Chinese clean energy hardware maker EcoFlow Technology Inc. is exploring a potential initial public offering in the US, according to people familiar with the matter. If it moves ahead, the listing would stand out at a time when few Chinese companies of comparable size have tested US capital markets. The plans, as reported by Bloomberg,