Bitcoin and other cryptocurrencies settled lower Tuesday after a rally that carried digital assets to their highest point since last summer. While the Federal Reserve decision Wednesday is the next key catalyst, cryptos show signs of fundamental strength. The price of Bitcoin has fallen 2% over the past 24 hours to $27,750 after the largest … Read more
Bitcoin and other cryptocurrencies marched higher again Monday, continuing a recent rally into a new week in the face of turmoil across financial markets. There are at least five reasons why digital assets may be outperforming—and one is key for stocks. The price of Bitcoin has risen 4% over the past 24 hours to above … Read more
A tumultuous week in the U.S. financial markets ended on an uncertain note Friday after a massive $30 billion injection of big-bank deposits into First Republic Bank failed to calm investors. Last week, the sudden meltdown of three U.S. banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began to rekindle concerns … Read more
For the stock market, the forecast calls for storms with a chance of crisis. Stocks alternated strong rallies and sharp declines this past week amid a stretch of bank blowups and attempts to shore up the financial system. The moves in the bond market and interest-rate futures were even more extreme. The volatile trading reflects … Read more
Regional bank stocks fell Friday even after the country’s biggest lenders agreed to inject $30 billion in uninsured deposits into First Republic Bank . The rescue plan, involving many of America’s largest banks, including Bank of America (ticker: BAC), Citigroup (C), and JPMorgan Chase (JPM), initially brought some relief to shares of regional banks but … Read more
U.S. stocks could see increasingly wild swings in the coming days as option contracts tied to trillions of dollars in securities are set to expire on Friday, removing a buffer that some say has helped to keep the S&P 500 index from breaking out of a tight trading range. Option contracts worth $2.8 trillion are … Read more