Cryptocurrency market drops as XRP, ethereum plunge

Over $6 billion was wiped off global cryptocurrency markets in a day, led by XRP and ethereum as prices of digital coins continued to fall. The entire market capitalization or value of cryptocurrencies had plunged $6.72 billion in 24 hours as of about 11:32 a.m. HK/SIN time on Friday, according to data from Coinmarketcap.com. That … Read more

Dow pares losses, Nasdaq goes positive as tech shares rebound from Wednesday’s rout

Stocks seesawed in volatile trading Thursday, a day after the major indexes suffered steep losses sparked by higher rates and a sell-off in tech shares. The Dow Jones Industrial Average traded 104 points lower, bringing its two-day losses to more than 900 points. The S&P 500 dropped 0.5 percent and was on pace for a … Read more

Nearly $13 billion wiped off cryptocurrency market

The price of major cryptocurrencies plunged on Thursday with nearly $13 billion of value being wiped out in a matter of hours. At around 10:23 a.m. HK/SIN, bitcoin had fallen nearly 5 percent to $6,303, while XRP and ethereum both tanked over 10 percent, according to data from Coinmarketcap.com. It’s not unusual to see bitcoin … Read more

How to trade today’s market crash

Stock markets around the world are selling off. It began on Wall Street Wednesday with the Dow Jones witnessing its third larges one-day point drop in history. Tech got demolished! In fact, the 5 hottest tech stocks lost $172 billion in market value. President Trump is blaming the Fed’s interest rate hikes, saying they’ve ‘gone … Read more