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The yield on UK two-year government bonds fell by about 2 basis points to 3.565%, the lowest level since August 2024.On Tuesday, February 17th, the German DAX 30 index opened down 44.01 points, or 0.18%, at 24768.49; the UK FTSE 100 index opened up 25.41 points, or 0.24%, at 10499.10; and the French CAC 40 index opened up 1.70 points, or 0.02%, at 8318.20. The Stoxx 50 index opened down 5.83 points, or 0.10%, at 5973.05 on Tuesday, February 17; the Spanish IBEX 35 index opened down 11.91 points, or 0.07%, at 17836.09 on Tuesday, February 17; and the Italian FTSE MIB index opened down 102.70 points, or 0.23%, at 45316.50 on Tuesday, February 17.February 17th - According to data from the Comprehensive Transportation Spring Festival Travel Task Force, on February 16th, 2026 (the 15th day of the Spring Festival travel rush, the 29th day of the twelfth lunar month, Monday), the total number of cross-regional passenger flows in the whole society was 194 million, a decrease of 32.2% compared with the previous day and a decrease of 5% compared with the same period in 2025 (Tuesday).February 17th - Data shows that the UK labor market has contracted again, with the unemployment rate reaching its highest level since 2015 (excluding data during the pandemic), and wage growth slowing again. This data may reinforce the belief that the Bank of England could cut interest rates as early as next month. Earlier this month, the central bank stated that after unexpectedly strong growth, private sector wage growth is beginning to reflect the weakness in the labor market. Currently, traders have fully priced in two rate cuts from the Bank of England this year, with the probability of a 25 basis point cut in March rising to 73%.UK interest rate futures prices indicate a 73% probability that the Bank of England will cut interest rates by 25 basis points in March, compared to about 65% before the release of labor market data.

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

Skylar Shaw

Sep 20, 2022 14:27

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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.

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