West Texas Intermediate fell 6.8 percent to US$109.56, the largest daily decline since March. Friday, he reaffirmed that the Fed’s primary objective is to return inflation to its 2 percent target. The price of crude oil is still up more than fifty percent this year. Oil prices dropped the most in three months as Federal … Read more
Bitcoin falls below $20,000 for the first time in 18 months. The cryptocurrency sector has been hit by troubles after lending companies froze withdrawals and transfers between accounts. The slide is hitting retail investors that bought into the asset. Bitcoin dipped under $20,000 on Saturday to its most fragile in the year and a half, … Read more
Digital assets are still under threat as a result of the current Defi crisis Bitcoin has plummeted for the past 12 days as investor fear grows. Bitcoin fell below $20,000 for the first price since December 2020, as evidence of growing stress in the cryptocurrency industry mounts against a backdrop of monetary tightening. Bitcoin dropped … Read more
All of Europe’s major stock indices finished the week sharply lower. US government data showed inflation reaching 8.6 percent. This is the steepest rise in consumer prices since December 1981. Stock markets fell further on Friday after data showed that US inflation rose to the highest level in more than 40 years in May, far … Read more
