- The crypto market ended the week flat as Bitcoin continues to consolidate below $29,500 while investors digest the latest inflation data that shows that the cost of living is once again on the rise, especially when it comes to energy costs.
At the closing bell, the S&P and Nasdaq were in the red, down 0.11% and 0.68%, respectively, while the Dow finished up 0.30%. Market analyst Crypto Tony is leaning towards a break to the downside, warning on Friday that Bitcoin is “hanging [on] by a thread” to the equilibrium level of $29,300.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Google's Parent Company Generates $29 Billion in Cash in Q2Alphabet, the parent company of Google, generated nearly $29 billion in cash in the second quarter after cutting jobs and reducing losses in its moonshot projects. With cash and short-term marketable securities of about $118 billion, Alphabet has the second-highest cash reserves in the Nasdaq 100 Stock Index.
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Crypto Market Flat as Bitcoin Consolidates Below $29,500The crypto market ended the week flat as Bitcoin continues to consolidate below $29,500 while investors digest the latest inflation data. Stocks traded mixed amid economic uncertainty as traders weigh the prospects of interest rate hikes by the Federal Reserve.
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