EUR/USD 1.18656
-0.070%
Gold 4990.69
-0.832%
Oil 62.766
0.273%
USD/JPY 153.085
0.218%
GBP/USD 1.36399
-0.116%
GBP/JPY 208.811
0.103%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On February 16th, the National Copyright Administration announced its third batch of key works for copyright protection warning in 2026. Seven theatrical films, including *Pegasus 3*, *Silent Assassination*, *The Legend of the Swordsman*, *Panda Project: Tribal Adventure*, *Star River Dream*, *Boonie Bears: Every Year*, and *Night King*, were included on the list. The National Copyright Administration requires relevant internet service providers to take the following protective measures for the key works on the copyright protection warning list: internet service providers that directly provide content may not provide works on the copyright protection warning list without permission; internet service providers that provide storage space should prohibit users from uploading works on the copyright protection warning list; and relevant internet service providers should expedite the processing of notifications from copyright holders of works on the copyright protection warning list regarding the removal of infringing content or the disconnection of infringing links.Beihai Kangcheng-B (01228.HK) rose 11% after the company announced earlier that it would issue new shares to a subsidiary of WuXi Biologics at a discount of nearly 15%.February 16th - Tencent Wealth Managements current account + 7-day annualized yield ranges from a maximum of 1.4000% to a minimum of 0.8430%, WeChat Pays 7-day annualized yield ranges from a maximum of 1.2140% to a minimum of 1.0300%, and Alipays Yuebaos 7-day annualized yield ranges from a maximum of 1.2050% to a minimum of 1.0130%.The Hang Seng Index erased its losses and turned positive, rising 0.10%.Meituan (03690.HK) fell 2.0% to a new low during the session after the company issued a loss warning.

Crypto Prices Slump Over the Weekend

Skylar Shaw

May 09, 2022 09:59

微信截图_20220509094222.png


The Bitcoin market dropped over the weekend, matching the stock market's decline.


According to CoinDesk pricing, the world's biggest cryptocurrency, bitcoin, plummeted to $34,656 on Sunday afternoon, down 3.9 percent from Friday evening. Bitcoin fell below $34,000 earlier this afternoon, about half of its all-time high of $67,802 set in November.


Ethereum, the second-largest cryptocurrency, was trading at about $2,565 on Sunday afternoon, down 5.1 percent from Friday at 5 p.m. EDT.


Bitcoin and other cryptocurrencies are notorious for their wild price volatility. 


For years, individual investors dominated the market, but institutional investors, such as hedge funds and money managers, have begun to take control.


The market has become more aligned with regular markets as more professional investors trade crypto. Many institutional investors that acquire cryptocurrencies see them as high-risk investments, akin to equities in the technology sector. During periods of market turmoil, investors prefer to flee to safer areas.


Last week, the stock market fell the day after the Federal Reserve issued a half-point rate hike, the largest since 2000, to combat inflation. Additional rate hikes are possible this summer, according to Fed Chairman Jerome Powell. 


Some of the central bank's $9 trillion asset portfolio is also being unwound.


The Nasdaq Composite, which is heavily weighted in technology, fell to a 52-week low of 12144.66 on Friday. It is down 22% so far this year.


For most of 2022, cryptocurrency prices remained flat as investors braced for higher interest rates. According to CoinMarketCap, the crypto market was busy over the weekend, with $112 billion in market volume in a 24-hour period. The total value of the cryptocurrency market is currently $1.59 trillion.

Suggestion