Altcoins News
By Evie Vavasseur
1 / 15
Bitcoin crashed hard Monday. The digital currency fell below $66,000 for the first time in weeks as crude oil prices went absolutely wild, surging nearly 20% and sending…
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Oil traders can't catch their breath right now. Crude prices hit levels we haven't seen in months, with West Texas Intermediate jumping to $105 per barrel and Brent crude not far…
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Bitcoin's drop reflects the broader risk-off sentiment that's gripping markets everywhere you look.
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The Federal Reserve is watching all of this very carefully, and Fed officials are probably having emergency calls right now about what rising oil prices mean for inflation.
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Wall Street opened ugly Monday morning. The Dow dropped 400 points in early trading, while the S&P 500 fell about 2%.
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Iran keeps making things worse. The conflict shows zero signs of cooling off, and diplomatic efforts aren't really going anywhere meaningful.
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Goldman Sachs just revised their forecasts Monday afternoon. The bank now expects oil to stay above $100 per barrel for weeks, maybe months, depending on how the Middle East…
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European markets got slammed too. The FTSE 100 dropped 2.1%, while Germany's DAX fell even harder.
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OPEC members are scrambling to figure out their next move. The organization has an emergency meeting scheduled for March 15, and Saudi Arabia is reportedly pushing for increased…
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But traders aren't convinced OPEC can fix this mess quickly.
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The Chicago Mercantile Exchange saw massive volume in oil futures Monday, with April contracts hitting $105 and May contracts not far behind.
12 / 15
Japan's Nikkei closed down 1.8% as Asian markets reacted to the overnight chaos. The yen strengthened against the dollar - typical safe-haven behavior when global markets go…
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Russia stays silent on production increases. The Kremlin hasn't said anything about ramping up output to help stabilize global prices, and that silence is making traders even…
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The Department of Energy said Monday it's "evaluating all options" regarding strategic petroleum reserves.
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Bitcoin mining companies are getting crushed in this selloff. Marathon Digital and Riot Platforms both fell more than 12% Monday as investors worried about energy costs eating…
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