tumbles
Terra’s LUNA Tumbles Below $10 Amid Catastrophic Sell-Off
Alex Dovbnya Terra’s LUNA has slumped into single-digit territory after a massive sell-off Terra’s LUNA plunged below the $10 mark at 5:06 a.m. UTC on the Binance exchange, hitting an intraday low of $9.61. Image by tradingview.com The embattled cryptocurrency is now down a staggering 87% within a week. It is now sitting below Litecoin …
Bitcoin Tumbles Below $40,000 After China Issues Crypto Warning
Text size A physical imitation of the Bitcoin cryptocurrency. AFP via Getty Images The price of Bitcoin dropped below $40,000 for the first time in months and other cryptocurrencies also dropped after the People’s Bank of China apparently warned against using digital coins as payment. Bitcoin dropped nearly 7% to $40,275 early Wednesday morning, bouncing off …
Bitcoin tumbles after Turkey bans crypto payments citing risks
Bitcoin tumbled more than 4% on Friday after Turkey’s central bank banned the use of cryptocurrencies and crypto assets for purchases citing possible “irreparable” damage and transaction risks. In legislation published in the Official Gazette, the central bank said cryptocurrencies and other such digital assets based on distributed ledger technology could not be used, directly …
Crypto market tumbles as the CFTC reportedly opens investigation into Binance
The Commodity Futures Trading Commission (CFTC) is reportedly investigating whether Binance lets Amletscans buy derivatives. The cryptocurrency market saw an instant drop after the announcement, with BNB taking the biggest hit, down 10%. The CFTC is also investigating the exchange over KYC regulations and more. The CFTC is investigating Binance on whether the exchange allowed …
Payrolls increase by nearly 1.4 million as the unemployment rate tumbles
Nonfarm payrolls increased by 1.37 million in August and the unemployment rate tumbled to 8.4% as the U.S. economy continued to climb its way out of the pandemic downturn. The unemployment rate was by far the lowest since the coronavirus shutdown in March, according to Labor Department figures released Friday. An alternative measure that includes …
Gold tumbles below $2,000 amid profit-taking, dollar strength
Gold is extending its downward correction and is trading around $1,990, a shape fall of over $33 on the day, and a total of $85 from the all-time high of $2,075. The 2011 peak of $1,921 is a distant support line, but XAU/USD may find support at around $1,950. After the initial fall to $1,990.09, …
GBP/USD tumbles as BOE surprises with 0.25% rate cut
The Bank of England has announced a surprise 50 basis point rate cut from 0.75% to 0.25%. Both outgoing Governor Mark Carney and his successor Andrew Bailey had previously said that they are ready to act in face of the coronavirus crisis. While the move is not a total surprise, but the timing – outside …
Dow tumbles 600 points as Trump declares public health emergency for coronavirus epidemic
U.S. stocks tumbled Friday, with the Dow and S&P 500 index recording their biggest one day falls since August, as fears that Chinese coronavirus epidemic would slow economic growth rattled Wall Street. A busy week of mixed U.S. corporate earnings reports preoccupied investors, with shares of bellwether Caterpillar slumping while shares of Amazon.com soared after …
Bridge collapse in Taiwan caught on video as oil tanker tumbles onto boats in Nanfangao bay today
This general view shows a bridge after it collapsed in the Nanfangao fishing harbor in Suao township on October 1, 2019. Getty Taipei, Taiwan — A towering arch bridge over a bay in eastern Taiwan collapsed Tuesday, sending an oil tanker truck falling onto boats in the water below. An air force helicopter, fishing vessels and …