EUR/USD 1.15956
-0.008%
Gold 4157.00
-0.163%
Oil 58.987
0.929%
USD/JPY 156.300
-0.091%
GBP/USD 1.32365
-0.051%
GBP/JPY 206.891
-0.130%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
Ukrainian President Zelenskys senior aide Yermak: As long as Ukrainian President Zelensky is in office, no one can expect us to give up territory.On November 28th, it was reported that Bank of Americas systemic importance was upgraded by the Financial Stability Board (FSB), meaning it will face higher capital requirements. In the FSBs list of Global Systemically Important Banks (GSIBs), the bank was moved to the third highest tier. The additional capital buffer required by the company increased from 1.5% to 2%. Deutsche Bank was downgraded one tier, with its additional capital requirement decreasing to 1%. Aside from these changes compared to the previous year, there were no other adjustments.On November 28th, the British government announced a postponement of sanctions against the international operations of Russias Lukoil company, the latest example of Western countries taking a cautious approach towards the energy giant. The UKs Financial Sanctions Enforcement Office stated that the grace period for sanctions against Lukoil International Limited and its subsidiaries will be extended to February 26th next year. The sanctions were originally scheduled to take effect at midnight on November 28th. Lukoil, along with another Russian energy giant, Rosneft, was also sanctioned by the United States in October, with some of those sanctions also receiving extensions.Hang Seng Index futures closed down 0.03% at 25,935 points in overnight trading, 11 points lower than the benchmark.A suspected terrorist attack has been reported near Jerusalem, resulting in one person being shot.

Bitcoin falls below $19,000 as cryptos creak under rate hike risk

Skylar Shaw

Sep 20, 2022 14:27

微信截图_20220920100240.png


On Monday, cryptocurrency prices hit new lows as a result of regulatory worries and a general investor reluctance to engage in risky assets due to impending interest rate increases.


By market value, Bitcoin, the most valuable cryptocurrency, dropped almost 5% to a three-month low of $18,387.


The second-largest cryptocurrency, ethereum, lost 3% to a two-month low of $1,285 and had lost more than 10% in the previous day. The majority of the smaller tokens had larger losses.


Over the weekend, a significant update to the Ethereum blockchain—which supports the ether token—called the Merge changed how transactions are handled and reduced energy consumption.


The value of the token has decreased amid rumors that comments made last week by Gary Gensler, chairman of the U.S. Securities and Exchange Commission, suggested the new structure would draw further regulation. The upgrades' surrounding trades were likewise unwound.


The regulatory outlook is guesswork, according to Matthew Dibb, COO of Singapore's Stack Funds cryptocurrency platform.


Since the Merge, the markets have shed a lot of their excitement, he said. Given the uneasy global background, he said, "It's truly been a sell-the-news sort of event," and predicted that ether will test $950 in the near future.


"From a basic and technological standpoint, the current situation does not appear promising. There isn't a clear quick positive trigger that will support these markets and inject a ton of fresh cash and liquidity, in our opinion.

Suggestion