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Market Turmoil: Stocks Plummet, Crypto Woes Mount
2024-09-06 05:50:08
Markets
Stocks
Finance

Market Turmoil: Stocks Plummet, Crypto Woes Mount

Stock markets witnessed a sharp decline with Nvidia's CEO losing $10 billion. In the crypto realm, Bitcoin and ETFs faced setbacks, including Uniswap's penalty and Ripple's 'RLUSD' stablecoin launch.

Amidst the chaos, Trump's Crypto Project was hacked, while Coinbase initiated campaigns. Meanwhile, crypto companies are heavily investing in the upcoming 2024 election, mirroring a $119 million contribution, with significant donations from Coinbase and Ripple.

Federal Reserve's plan for interest rate reduction, surging home sales, and Trump's new crypto venture added to the market dynamics. Crypto markets slumped over U.S. labor market concerns, pushing the industry towards a $2 trillion market cap, reflecting a turbulent period.

The press radar on this topic:

The Street
6. September 2024 um 01:05

Crypto companies bet big on the presidential election TheStreet Daily Newsletter

Politics
Cryptocurrencies & blockchain
Finance
Economy
Crypto companies have donated $119 million to the 2024 election, nearly half of corporate donations. Coinbase and Ripple account for 80%, battling SEC issues. Crypto is playing both sides, donating to Republicans and Democrats to influence legislation. Federal Reserve Chairman Jerome Powell will lay out a plan for lowering interest rates as inflation moderates and the labor market cools. New home sales saw the biggest jump in 14 months, with median sales prices rising to $429,800. Donald Trump..
The Street
13. September 2024 um 08:51

Bitcoin ETFs see fifth day of losses at $288 million

Finance
Crypto prices fell 4.1% and 4.3%, with $200 million in liquidations. Bitcoin and ethereum ETFs lost $287.8 million and $47.4 million. Nvidia stock lost $300 billion. FTX implosion, bitcoin halving, and reduced miner profits contributed. QCP's Volatility Momentum Indicator signals heightened volatility. Bitcoin ETFs hold $52.7 billion, ethereum ETFs hold $6.7 billion in net assets.
The Street
5. September 2024 um 16:03

Big Market and Crypto News: U.S. Stocks Drop, DeFi at Risk, Ripple’s Stablecoin Launch and More

Finance
Technology
Stocks crashed, Nvidia CEO lost $10B. Crypto turmoil - Bitcoin fell, ETFs saw outflows, Uniswap fined. Ripple's 'RLUSD' stablecoin, Polygon migrating token. Trump Crypto Project hacked, Coinbase engaged campaigns. John Deaton won Republican Senate primary.
The Defiant
5. September 2024 um 17:58

Crypto Markets Drop on U.S. Labor Market Concerns

Finance
Cryptocurrency markets traded lower on Thursday, bringing the industry’s total market capitalization closer to the $2 trillion mark.Bitcoin (BTC) and Ethereum (ETH) slipped 3% to $56,250 and $2,380, respectively. Polkadot (DOT) fell 3.5%, while Solana (SOL) shed 2% on the day.To continue reading this as well as other DeFi and Web3 news, visit us at thedefiant.io
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