Crypo Market Defends $120 Billion Mark But Bitcoin Price Takes Losses

Bitcoin and the other top 5 cryptocurrency assets suffered insignificant losses through the 24-hour period, but they were all in the red. Globally speaking, the only top 10 crypto to see a gain during the period was Tether, which indicates a good deal of selling took place. Litecoin continued its trend of daily volume exceeding $ 1 billion. Bitcoin Drops Below $ 3,600 on Coinbase Bitcoin lost less than 1% over the 24-hour period in a global manner of speaking. At Coinbase, the usual loss leader and retail trading final boss, the flagship cryptocurrency trades around $ 3,570 at press time. Overall volume

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Dow Futures Claw Back Early Losses While Bitcoin Price Breaks Lower

Dow futures traded lower ahead of Wednesday’s opening bell, signaling that traders may put the brakes on the US stock market’s multi-day winning streak. The bitcoin price, meanwhile, careened below the $ 3,400 mark and risks plowing through the critical support level that has stabilized the cryptocurrency market in recent weeks. Dow Steels itself for Opening Bell Losses As of 8:42 am ET, futures tracking all three major US stock market indices had recovered from moderate losses to trade in the green, with the Dow up 13 points, the S&P 500 up 1.25 points, and Nasdaq futures rising by 14.5 points.

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Taiwanese Chip Manufacturing Giant Blames Revenue Losses On ‘Crypto Winter’

Taiwanese chip manufacturer United Microelectronics Corporation saw a roughly 10% decrease in revenue in the fourth quarter of 2018. Like TSMC, who provide chips to Bitmain, they prominently attribute some of their losses to the downturn in demand for cryptocurrency. Less demand amounts to less need for mining, which subsequently lessens the demand for mining hardware. Co-president Jason Wang said: Looking into the first quarter of 2019, we anticipate further deceleration in customers’ wafer demand, due to a softer than expected outlook in entry-level and mid-end smartphones as well as falling crypto currency valuations. Although UMC’s ongoing transformation will need

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Ford Touts Growth in North America, Downplays Losses in China & Europe in Q4 Earnings Call

By CCN.com: Ford gave its fourth-quarter earnings call this afternoon. Despite a serious decline in interest in China and Europe, the company posted a 1% improvement over last year’s Q4 revenues as a whole, and a 2% gain for the whole year. The earnings call was launched as the markets closed with F seeing a

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Dow Futures, Bitcoin Price Recover as Markets Claw Back Early-Week Losses

By CCN.com: The US stock market appears to be having second thoughts about yesterday’s colossal sell-off, as Dow Jones futures are implying triple-digit gains at the opening bell. The cryptocurrency market is also trending up, with some analysts arguing that the bitcoin price has found a bottom. Dow Futures Rise as Much as 200 Points

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