Morgan Stanley Strategist Warns of Equities Sell-Off in Response to ‘Hawkish’ Fed Message

On Monday, Morgan Stanley’s equity strategist, Michael Wilson, shared his thoughts on the state of Wall Street. He expressed his belief that a sell-off could be imminent, and that this could occur as a result of U.S. Federal Reserve chairman Jerome Powell’s upcoming remarks on Wednesday. Furthermore, there has been a great deal of conjecture […]

Go to Source

Powered by WPeMatico

Extreme Market Turbulence: Critics Call Warren’s Silvergate Take ‘Terribly Misinformed,’ SVB Collapses, Vitalik’s Token Sell-Off Moves Markets, and More — Week in Review

It’s been a turbulent week in finance with the so-called crypto-friendly Silvergate Bank announcing its liquidation, U.S. Senator Elizabeth Warren blaming the event on “crypto risk,” and individuals on social media pointing out that Warren is “terribly misinformed.” Additionally, U.S. Regulators closed Silicon Valley Bank after reports of a bank run and other troubles. In […]

Go to Source

Powered by WPeMatico

Biggest Movers: EOS Higher Despite Crypto Sell-off, FLOW Extends Declines

Monday saw eos remain in the green, despite the latest red wave in cryptocurrency markets. Today’s rally sees the token move almost 20% higher in the last seven days. Flow, on the other hand, extended its recent declines and is now down by almost 30% in the same period. EOS EOS was trading mostly higher […]

Go to Source

Powered by WPeMatico

Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors

Onchain Data Suggests Bitcoin Sell-Off Fueled by New InvestorsWhile the covid-19 outbreak has caused economic calamity, cryptocurrencies have regained some of the losses that devastated digital currency markets on March 12. A recent report published by the researchers at Coin Metrics notes the “crypto asset sell-off was driven by short-term holders.” Further, an analyst at Unchained Capital agreed with Coin Metrics’ findings and […]

The post Onchain Data Suggests Bitcoin Sell-Off Fueled by New Investors appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic

China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of EpidemicChina’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into the country’s economy and financial system. Also read: China’s Inflation Hits a […]

The post China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico

New Research Claims Most ICOs Have Profited Off Selling ETH

New Research Claims Most ICOs Have Profited Off Selling EthereumBitmex Research is back with another detailed report, this time into the ethereum holdings of ICOs. Ethereum’s downward trajectory has been attributed in some quarters to ICOs offloading ETH to pay the bills. If so, data suggests that those projects have profited handsomely off their ETH holdings in USD terms, despite its falling price. Also […]

The post New Research Claims Most ICOs Have Profited Off Selling ETH appeared first on Bitcoin News.

Go to Source

Powered by WPeMatico