Trump Readies Fed Rate Cut amid Dow Plunge but Is It too Late?

Trump Readies Fed Rate Cut amid Dow Plunge but Is It too Late?

TwitterFacebookLinkedIn The Dow Jones has plunged by 2 percent in a single session on Friday as U.S. President Donald Trump issued a stern warning towards China. | Source: REUTERS / Lucas JacksonBy CCN Markets: The Dow Jones has plunged by well over 2 percent in a single session on Friday as U.S. President Donald Trump…

This Troubling Economic Data Could Herald a Stock Market Plunge

This Troubling Economic Data Could Herald a Stock Market Plunge

TwitterFacebookLinkedIn A fresh batch of economic data risks plunging the US stock market toward its worst sell-off since 2015 – or maybe even the financial crisis. | Source: REUTERS / Brendan McDermidBy CCN Markets: When US Treasury bonds suffered their first main yield inversion since the financial crisis, analysts warned that the stock market had…

Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

Netflix Stock Implodes, Subscriber Exodus Ignites 12% Plunge

A confluence of negative factors slammed Netflix in the past quarter, resulting in subscriber numbers and other metrics exposing Netflix’s vulnerabilities – and leaving the streaming giant’s stock plunging in after-hours trading.Netflix stock plunged 12% in after-hours trading. | Source: Yahoo FinanceNetflix Subscribers Wave GoodbyeWhile earnings-per-share came in at $0.60, four cents above expectations, and…

Newsflash: Bitcoin Price Crashes Below $11,000 to Cap 20% Plunge

Newsflash: Bitcoin Price Crashes Below $11,000 to Cap 20% Plunge

The bitcoin price crashed below the $11,000 mark on Thursday, extending the vicious sell-off that began the previous day. Bitcoin Price Careens Down to $10,800   The bitcoin price crashed through $11,000, just one day after it nearly eclipsed the $14,000 mark. | Source: TradingView A suddenly-heavy BTC had struggled to defend the $12,000 mark…

Ripple (XRP) Price Attempts Comeback after Weekend’s 12% Plunge

Ripple (XRP) Price Attempts Comeback after Weekend’s 12% Plunge

TweetFacebookLinkedInBy CCN Markets: Ripple (XRP) has attempted a pullback after dropping more than 12-percent over the past weekend.The XRP-to-dollar exchange rate established a cycle low of $0.371 on Sunday at 1600 UTC. The downside action pushed XRP’s market capitalization to as low as $16.04 billion, down 11.47-percent from its Saturday peak level. At its year’s…

Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

Bitcoin Price Sinks to $7,500 as Analyst Predicts Further 30% Plunge

TweetFacebookLinkedInBy CCN Markets: In the past 24 hours, the bitcoin price has dropped from $7,900 to around $7,500 by more than five percent against the U.S. dollar in a minor pullback in the crypto market.The bitcoin price has dropped by around five percent in the past 24 hours (source: coinmarketcap.com)Within the last seven days, the…

What Caused Ethereum, Bitcoin Cash to Plunge 15% in 4 Hours?

What Caused Ethereum, Bitcoin Cash to Plunge 15% in 4 Hours?

In the last 4 hours, $9 billion were wiped out of the crypto market as Ethereum and Bitcoin Cash recorded a 14 percent drop respectively against the U.S. dollar. The Bitcoin price dropped to $3,750, back to last week’s levels following a promising corrective rally on January 6 when BTC increased from $3,753 to $4,090.…

$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value

$14 Billion Wiped Out of Crypto Market as All Major Assets Plunge in Value

Advertisement Twitter Facebook LinkedIn Over the past 24 hours, more than $14 billion has been wiped out of the crypto market as Bitcoin (BTC) dropped by five percent. Bitcoin, the most dominant cryptocurrency in the market in terms of price, market cap, and volume, demonstrated the smallest loss out of all major cryptocurrencies. Bitcoin Cash…

Ethereum: Decentralized Crypto Exchange Volumes Plunge after EtherDelta Charges

Ethereum: Decentralized Crypto Exchange Volumes Plunge after EtherDelta Charges

Advertisement Twitter Facebook LinkedIn Following the SEC’s enforcement action against the founder of Ethereum exchange EtherDelta, cryptocurrency traders appear to be shying away from so-called decentralized crypto trading platforms while they wait to see whether more enforcement actions are coming down the pike. DEX Volumes Take Major Haircut Following EtherDelta Charges As first noted by…