Latest News
-
8 Tata Group Stocks To Buy That Will Pay Dividends Soon, Q4 In Focus; Are You Invested? -
Gold Prices In US: Yellow Metal Rates Surge Amid Escalating Tensions In Middle East; Hit Record High -
Jio Financial Services Sees 80% YoY Decline In Q4 Net Profit, Net Interest Income Dives 70% -
Rs 25/Share Dividend Payout: Multibagger Small Cap Tata Stock Declares 52.6% Jump In Q4 PAT -
Wipro Q4 Results: Cons PAT Up 5% QoQ To Rs 2,834.6 Crore, Revenue Guidance Weaker Than Estimates -
How To Apply Your Voter ID Card Online: Quick Guide For Indian Citizens -
Emmforce Autotech IPO Debut April 23: Issue Size, Price Band, Check Details? -
1:5 Stock Split: PSU Bank Fixes Record Date For First Ever Stock Split; Buy For Rs 650-680 Targets -
Closing Bell: Market Stages Smart Recovery, Sensex & Nifty Snap 4-Day Losing Streak Led By HDFC Bank -
Hindustan Zinc's Quarterly Profits Dive 21% Amid Global Metal Price Slump, Shares Plummet; Buy Or Not?
Volatile Market, Bitcoin Investors Concerned, Up 13% In 1 Month, But Down 0.74% Intraday
With a volatile market condition, Bitcoin investors are quite concerned now. In the past 1 month, Bitcoin has been up by 12.6%, but, the asset has been down by 0.60% in the last 5 days. Today, till 6.15 pm UTC, Bitcoin fell by 0.74% and was quoted at US$ 23,133.10, in intra-day trading. Yesterday, Bitcoin closed at US$ 23,288.20. Bitcoin has been up in the past month, but the asset has not performed quite well this year. In the past 6 months, Bitcoin fell by 45%. Yesterday, the US Labor Department has reported its non-farm payroll data, which jumped 528,000 in July, beating all estimates. The employment data has been the largest in the past 5 months. Due to this, The US Stock markets have also been quite bearish today. S&P 500 stood at 4,145.19 points, down by 0.16%.
Similar to Bitcoin, other major cryptocurrencies are also down today. Ether was quoted at US$ 1,709.85, falling by 1.64%. Yesterday, Ether closed at US$ 1,620.13. Litecoin was quoted at US$ 61.37, falling by 1.79%, Dogecoin was quoted at US$ 0.0693 falling by 1.04%, and Cardano was quoted at US$ 0.5159 falling by 0.36% today, till last traded.
After the latest 75bps interest rate hike by the US Fed, the July non-farm payroll data is another significant factor for the economy. The sharp jump in the employment scenario is a positive turn for the US, along with the central bank's move to control inflation. Hence, the commodities like gold, alternative assets like cryptocurrencies, and the US stock markets have been down today.
Ethereum News
According to a Bitcoin.com news, "Five days ago, the influential Chinese crypto miner, Chandler Guo, explained that a proof-of-work (PoW) version of Ethereum is coming soon as the community prepares for the network's transition to proof-of-stake (PoS) next month. If Ethereum (ETH) transitions into a full PoS blockchain next month, there's a very good chance a PoW version will fork away from the current version. The Merge has a pencilled-in date that could take place on the week of September 19, or 44 days from now. Guo is a well known crypto miner and he played a specific role in the 2016 creation of the blockchain network Ethereum Classic (ETC)."
