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June 16 – The United States will celebrate its 250th anniversary next month, but a Reuters/Ipsos poll shows that nearly two-fifths of Americans believe the country cannot continue for another 250 years. The four-day survey concluded on Monday. The poll showed that 38% of respondents (including 40% of Democrats and 26% of Republicans) believe the United States will not continue as a unified nation in 250 years. Two-thirds of respondents (including 85% of Democrats and 50% of Republicans) said they agree with the statement that "American democracy is at risk of failure," up from 57% in a survey conducted last August. The percentage of Americans who believe the United States is the best country in the world is declining. 30% of respondents believe the United States is the greatest country in the world, down from 38% in a November 2017 survey during Trumps first term. A majority of Americans (including three-quarters of Democrats and half of Republicans) believe that the celebrations of the 250th anniversary of the founding of the United States have become too politicized.Citigroup: A de-escalation of the conflict between the United States and Iran should accelerate the growth of liquefied natural gas exports from Qatar and the United Arab Emirates.Statoil: Targets to achieve daily production of 2.3 million barrels of oil equivalent by 2030.US President Trump: Russia should make a deal. Russia has lost a lot of people, and so has Ukraine.A Reuters/Ipsos poll shows that 38% of Americans believe the United States will no longer exist as a unified nation in 250 years, while 62% believe it will continue to exist.

Crypto Prices Slump Over the Weekend

Skylar Shaw

May 09, 2022 09:59

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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.

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