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A Reuters poll shows that despite assurances from the Japanese government that supplies are sufficient, almost all Japanese companies are concerned about purchasing oil and petroleum products.1. All three major U.S. stock indexes closed lower. The Dow Jones Industrial Average fell 0.98% to 51,492.55 points, the S&P 500 fell 1.21% to 7,420.1 points, and the Nasdaq Composite fell 1.34% to 26,021.66 points. Salesforce fell over 4%, with Microsoft falling over 3%, leading the decline. The Wind U.S. Tech Big Seven Index fell 2.4%, with Facebook falling over 5% and Microsoft falling over 3%. SpaceX fell nearly 5%. The Nasdaq China Golden Dragon Index fell 1.14%, with Canadian Solar falling over 4% and Beike falling over 3%. Technology stocks led the decline, and Treasury yields surged. 2. The three major European stock indexes closed mixed. The German DAX rose 0.10% to 24,934.67 points; the French CAC40 fell 0.20% to 8,430.79 points; and the UK FTSE 100 rose 0.14% to 10,508.61 points. 3. The WTI crude oil futures contract closed down 0.35% at $75.01 per barrel; the Brent crude oil futures contract fell 0.38% to $78.66 per barrel. 4. International precious metals futures generally closed lower, with COMEX gold futures down 1.79% to $4276.30 per ounce and COMEX silver futures down 2.93% to $67.96 per ounce.Iranian Foreign Ministry spokesman: It has not yet been confirmed that Iran and the United States will hold talks in Switzerland on Friday.Iranian Foreign Ministry spokesman: Iran must be able to sell its oil smoothly, with no obstacles in transportation and insurance, and must receive the revenue from the oil sales.Local authorities say Russia fired missiles at Kyiv.

Crypto Market Daily Highlights The Crypto Meltdown

Jimmy Khan

May 27, 2022 10:21

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On Thursday, the crypto market had a gloomy day, with Ethereum (ETH) falling below $1,800.

Investor sentiment was put to the test as a result of the possibility of a regulatory change. The crypto market remains negatively impacted by market concerns about inflation, Fed monetary policy, and inflation.


However, Bitcoin (BTC) rebounded from sub-$28,000 levels to finish the day with a little loss. In the second part of the day, a late comeback, fueled by the NASDAQ 100 breakthrough, provided much-needed support.


The NASDAQ 100's Correlation with Bitcoin is Weakening.


While the NASDAQ 100 provided support for bitcoin, the link between bitcoin and the NASDAQ deteriorated this week.


On Thursday, Bitcoin fell for the second day in a row, while the NASDAQ 100 increased for the second day in a row.


Despite the gloomy attitude in the crypto market, the Fear & Greed Index jumped this morning from 11/100 on May 25 to 12/100.


After rebounding from a Monday 10/100, the Index has been hovering this week. While the Index has remained stable, it is still deep in the "Extreme Fear" zone, indicating investor concern about a crypto sell-off.


Before succumbing to market forces, the Sandbox caught a wave.


The Sandbox (SAND) jumped 9.4% to a day high of $1.5166 in the early Thursday session before falling back into the red.


The announcement of Elvis Presley, the King of Rock and Roll, joining The Sandbox was the catalyst for the breakthrough.


The Sandbox will produce Elvis avatars that will enable users to transform into Elvis Presley in order to create a "immersive and gamified world of Elvis in the metaverse."


The Sandbox, on the other hand, ended the day with a 1.85 percent loss, reversing the morning gains.

The market cap of the top ten cryptocurrencies has dropped by $90 billion, resulting in significant losses.


The broad-based crypto sell-off on Thursday took $90 billion off the crypto market valuation until late support curbed the losses. The entire market capitalization was $1,192 billion at the time of writing, up from a low of $1,153 billion on Thursday.


SOL led the way down in the crypto top 10, falling 9.35 percent.


SOL was joined in the deep red by ADA (-7.00%), BNB (-6.86%), DOGE (-6.08%), and ETH (-7.00%). (-7.73 percent ).


BTC and XRP outperformed the market, sliding 1.08 percent and 3.27 percent, respectively.

Away from the Cryptocurrency Markets

Ex-Binance executives have formed a $100 million fund to invest in Latin American and African Web3 firms.


The markets are watching the Terra remake, with LUNA 2.0 releasing amid market turmoil.


Miami Mayor Francis Suarez said at Davos that he still gets paid in bitcoin, but with a stipulation.


Binance's development proceeded with the signing of a Memorandum of Understanding with the government of Kazakhstan.