Stocks, oil and bitcoin sink in volatile trading

Wall Street had opened sharply lower, joining markets in Europe and Asia that fell on fears central banks will wind down easy money policies to tame inflation.

Bitcoin, meanwhile, shed a whopping 30 percent after China signaled a new crackdown on the cryptocurrency and tycoon Elon Musk sent mixed signals about his car company's use of the unit. "This is the latest chapter of China tightening the noose around crypto," said Antoni Trenchev, managing partner and co-founder of London-based crypto lender Nexo.

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Wall St extends recovery at the end of volatile week I Stock market reviewUS stocks rose with broad-based gains as investors looked to economic recovery prospects after worries about a prolonged period of inflation.
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U.S. stocks drop after Fed minutes, crypto fallWall Street’s main indexes closed lower on Wednesday after minutes from an April Federal Reserve meeting showed participants agreed the U.S. economy remained far from the central bank’s goals.
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Wall St extends recovery at the end of volatile week I Stock market reviewUS stocks rose with broad-based gains as investors looked to economic recovery prospects after worries about a prolonged period of inflation.
مصدر: inquirerdotnet - 🏆 3. / 86 اقرأ أكثر »