Glassnode data shows that bitcoin’s “death cross,” a technical analysis term that may indicate a bearish signal, is imminent, but with a catch. The 50-day moving average for bitcoin at $110,669 is now on the verge of slipping below the 200-day moving average at $110,459, potentially triggering the death cross. This crossover is widely viewed…
Check out the companies making headlines in midday trading Old Dominion Freight Line — Shares of the less-than-truckload freight carrier rose more than 5% after being upgraded to outperform by BMO Capital. The analyst cited an improving backdrop for its business, plus an opportunity brought on by a more than 40% pullback in the stock…
Asian equities mostly inched higher on Wednesday, tracking a pause in the recent rally in oil prices, even as investors remained cautious amid escalating tensions in the Middle East and awaited signals from the US Federal Reserve on interest rates.As of 9:15 am, Japan’s Nikkei was up 1,245.87 points or 2.32% to 54,946. South Korean…
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IMPHAL: Over 150 metres of fence in newly constructed section along Myanmar border in Manipur’s Chandel district was cut in the second instance of such a security breach in the state in four months. Officials said they had zeroed in on the suspects but declined to reveal their identities, citing ongoing investigations. The “sabotage” was…
How do you see the political and economic ties between India and the Netherlands in the context of what’s happening in the rest of the world?n Ties have always been strong, for example in field of water and agriculture, but also the large companies of the Netherlands that have always been active here in India,…
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Crypto asset manager Grayscale filed for regulatory approval to convert its trust tracking the token of the decentralized lending protocol Aave into an exchange-traded fund. The company filed a Form S-1 registration statement with the Securities and Exchange Commission on Friday, saying it intends to convert the trust and rename it the Grayscale Aave Trust…
BitVentures Limited has entered the cryptocurrency mining sector, launching a new digital assets business less than two weeks after rebranding to reflect its new focus on blockchain-related ventures. The Hong Kong–based technology company said it has acquired fleets of mining hardware from Bitmain, including three types of Antminer machines, to mine Bitcoin (BTC), Litecoin (LTC)…
Check out the companies making headlines in after-hours trading. Lucid Group — Shares of the electric vehicle maker fell more than 4%. In the fourth quarter, Lucid posted a wider-than-expected loss of $3.62 per share, despite revenue growth that topped estimates. Lucid also recently cut its U.S. workforce by 12%. Workday — Workday shares dropped…
