News Formal

Cryptocurrency Market Sees Profit-Taking as Traders Rotate into Promising Coins

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 18 sec. here
  • 12 min. at publisher
  • 📊 Quality Score:
  • News: 45%
  • Publisher: 78%

Finance Nouvelles

Cryptocurrency,Profit-Taking,Volatility

Traders in the cryptocurrency market took advantage of decreased volatility to secure profits from recent spikes and shifted their focus to coins with potential. Meanwhile, stock trading was mixed as investors awaited the release of the Consumer Price Index report.

It was a day of profit-taking for the cryptocurrency market as traders capitalized on a decline in volatility to lock in the gains from tokens that recently spiked and rotated into coins that have yet to move but have a promising outlook. Stocks traded mixed as investors pared back their trading activity ahead of the release of October’s Consumer Price Index report on Tuesday, which will provide insight into how the Federal Reserve will move forward with interest rates.

Comments from several Fed officials last week signaled that the central bank has kept the door open for more rate hikes, which has dampened the mood of investors who were, at one time, predicting a rate cut. At the closing bell, the S&P and Nasdaq finished lower, down 0.08% and 0.22%, respectively, while the Dow finished 0.16% highe

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 13. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Opportunities for Canada as the EV market grows to meet rising demandThe Hill Times
La source: TheHillTimes - 🏆 11. / 79 Lire la suite »

BlackRock's Ether ETF Application Sparks Crypto Market RallyLast week, BlackRock filed an application for a spot Ether (ETH) ETF, igniting a rally in the crypto market. Concerns remain about the approval of an Ether ETF due to Ethereum's status as a commodity or security.
La source: KitcoNewsNOW - 🏆 13. / 78 Lire la suite »

Canadian Rent Growth Slows, Toronto Market SoftensCanadian rent growth slowed slightly last month, but rental market experts are attributing at least some of that moderation to “seasonal factors.” In Toronto, however, the market continues to soften, with rents seeing a year-over-year dip for the first time since August 2021.
La source: storeyspub - 🏆 16. / 74 Lire la suite »