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Bitcoin sees bear-market skid — living up to its reputation for seismic price swings


Bitcoin sees bear-market skid living up to its reputation for seismic price swings
MarketWatch
1/11/2021
CRYPTOS
Bitcoin prices entered bear-market territory over the weekend, typically defined as a decline from a recent peak of at least 20%.
Stop us if you’ve heard this story before.
The notoriously volatile asset, which has a record of massive downside slumps following a stratospheric run-up, touched a low of nearly 28% beneath its record high of $41,962.36 on Monday, based on CoinDesk. Bitcoin technically entered a bear market on Sunday and extended its slide early Monday before stabilizing somewhat.
For new investors in the world’s most popular cryptocurrency, a decline of that magnitude would likely represent a brutal hit to their digital-asset portfolio. ....

Ina Fassbender , Uk Financial Conduct Authority , Bold Stock Market Predictions , Dow Jones Market , Black Monday , Dow Jones Industrial Average , Nasdaq Composite Index , ஒரு பஸ்ஸ்பெண்டெர் , இங்கிலாந்து நிதி நடத்தை அதிகாரம் , டோ ஜோன்ஸ் சந்தை , கருப்பு திங்கட்கிழமை , டோ ஜோன்ஸ் தொழில்துறை சராசரி , நாஸ்டாக் கலப்பு குறியீட்டு ,

Congress Passes COVID-19 Relief Stimulus Bill, Market Attempts Late Rally


High Hopes for Stimulus Deal Lead to Late Stock Market Rally
GOBankingRates
12/22/2020
Dawn Allcot
© MICHAEL REYNOLDS/EPA-EFE/Shutterstock / MICHAEL REYNOLDS/EPA-EFE/Shutterstock
Mandatory Credit: Photo by MICHAEL REYNOLDS/EPA-EFE/Shutterstock (11574686r)Democratic Senator from California Dianne Feinstein walks from the Senate floor on Capitol Hill in Washington, DC, USA, 17 December 2020.
Late Monday night, Congress voted to pass a second coronavirus stimulus package. U.S. Secretary of the Treasury Steven Mnuchin called the package “fabulous” in a CNBC interview. “This is a large bill, and it has a little bit of everything for everybody,” he said.
In response to anticipation of the bill passing on Monday, the Dow jumped up slightly from its low opening, but on Tuesday, opened down more than 100 points. The S&P 500 and the Nasdaq composite also fell at opening Tuesday. ....

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