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5 things to know before the stock market opens Wednesday

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U.S. stock futures were flat Wednesday, one day after the Nasdaq erased earlier losses as bitcoin staged an intraday comeback.

on Wednesday, after the world's biggest cryptocurrency by market value sank below $29,000 on Tuesday and briefly went negative for the year. China's intensified crackdown on bitcoin mining and crypto activities has contributed to recent selling. Tuesday's breach of $30,000 set off all kinds of technical warning bells and speculation about whether bitcoin would stabilize or march lower.

During Tuesday's wild ride, bitcoin fought back into positive territory. The digital currency, as of early Wednesday, has lost nearly 50% since its all-time high near $65,000 in late April.Tim Cook, chief executive officer of Apple Inc., speaks about the new iPhone Pro during an event at the Steve Jobs Theater in Cupertino, California, U.S., on Tuesday, Sept. 10, 2019. Apple unveiled the iPhone 11 that will replace the XR and start at $699.

 

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