It was a sea of red in the cryptocurrency market on Tuesday as investors positioned themselves for the US election and the Federal Reserve interest rate decision. Bitcoin fell to $67,900, while Solana (SOL), Popcat (POPCAT), and Mantra (OM) fell to $158, $1.2, and $1.28, respectively. These were big reversals…
The XRP price has remained under pressure this month after it emerged that Chris Larsen, Ripple’s co-founder, was funding Kamala Harris for president. Ripple was trading at $0.50, a few points above $0.4870, its lowest level in October The XRP token has been a top laggard, falling by almost 32%…
The ASX 200 index remained on edge on Tuesday morning after the Reserve Bank of Australia (RBA) delivered its interest rate decision. The index, which tracks the 200 biggest companies in Australia, was trading at A$8,135, down by 3% from its highest level this year. RBA interest rate decision The…
Plug Power (PLUG) stock price went parabolic on Monday, soaring by over 20% and reaching its highest level since July 18. It has now soared by over 55% from its lowest level this year as traders continued to focus on the US election. Plug Power and the US election Plug…
Nikola (NKLA) stock price has imploded as the company continues to face commercialization and balance sheet concerns. It has crashed by 87% this year and is trading at its lowest level on record, giving it a market cap of over $200 million. Nikola stock and the future of hydrogen vehicles…
Peloton (PTON) stock price has staged a strong comeback in the past few months after it reported better-than-expected financial results and announced management changes. It rebounded to a high of $8.92 last week, its highest swing since July 2023, and 220% higher than the year-to-date low. Peloton stock recovers amid…
Airbnb (ABNB) stock price has rebounded in the past few months, erasing most of the losses it made after publishing its earnings in August. It bounced back to $137 on Monday, its highest level since July 29. It has rallied by over 23% from its lowest point this year. Airbnb…
The Hang Seng index has moved sideways in the past few weeks as the recent hype surrounding China’s stimulus policies faded. The index, which tracks the 40 biggest companies in China, has remained at the important support level at H$20,535, much lower than the year-to-date high of H$23,245. Status quo…
The Nifty 50 index continued its strong downward trend on Monday as investors braced for more volatility ahead of the upcoming US general election. The index, which tracks the biggest Indian companies, retreated to ₹24,000, its lowest level since August 6, and 8.50% from its highest level this year. US…
Asian markets edged up on Monday as investors awaited signals from an upcoming meeting of China’s top policymakers, which is anticipated to introduce new fiscal stimulus measures. However, the potential uncertainty surrounding the US elections capped broader market gains. Trading volumes were subdued in part due to a public holiday…