Bitcoin rose 5.05% to $96,286 at 2130 GMT on Wednesday, adding $4,633 to its previous close. Bitcoin, the world's biggest and best-known cryptocurrency, is up 150.3% from the year's low of $38,505 on Jan. 23.
Wall Street stocks end lower after inflation data, tech stocks push Nasdaq down
(Reuters) -Wall Street's main indexes closed lower on Wednesday, with the Nasdaq leading declines, as technology stocks slumped on Thanksgiving eve on worries the Federal Reserve may be cautious about rate cuts after stubbornly strong U.S. inflation data. Traders added to bets the Fed will lower borrowing costs by 25 basis points at its December meeting, according to CME's FedWatch. Investors were still gauging the impact of President-elect Donald Trump's pledge on Monday to impose duties of 25% on imports from Mexico and Canada and 10% on Chinese goods unless they halt flows of the deadly opioid fentanyl and illegal migrants into the U.S.
Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead
BTC's rally has stalled since Friday for several reasons, including waning demand at record prices.The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.
Bitcoin Bulls Lose Steam, Aussie-Yen Dips, Hinting at Broad-Based Risk Aversion Ahead
BTC's rally has stalled since Friday for several reasons, including waning demand at record prices.The AUD/JPY pair has turned lower, hinting at a broad-based risk aversion amid the talk of a BOJ rate hike in December.A similar set-up in the yen rocked the global markets, including cryptocurrencies, in late July-early August this year.
Bitcoin Resumes Advance, Rekindles $100,000 Milestone Optimism
(Bloomberg) -- Bitcoin is climbing back toward the elusive $100,000 price level again, snapping its longest losing since Donald Trump’s presidential victory triggered a record-breaking rally in the largest cryptocurrency. Most Read from BloombergIn Traffic-Weary Toronto, a Battle Breaks Out Over Bike LanesIn Italy’s Motor City, Car-Free Options Are GrowingNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldSi
Federal court dismisses defamation lawsuit against Fox News for Jan. 6 conspiracy theory
A federal judge on Wednesday threw out a defamation lawsuit against Fox News by a former Donald Trump supporter who said he received death threats when the network aired false conspiracy theories about his involvement in the Jan. 6, 2021, Capitol insurrection. Raymond Epps, a former Marine, was falsely accused by Fox of being a government agent causing trouble near the Capitol that day so that it would be blamed on Trump fans. U.S. District Judge Jennifer L. Hall in Delaware granted, without comment, Fox's motion to dismiss the case.
OpenAI allows employees to sell $1.5 billion stock to SoftBank, sources say
(Reuters) -ChatGPT-owner OpenAI is allowing its employees to sell roughly $1.5 billion worth of shares in a new tender offer to Japan's SoftBank Group, two sources familiar with the matter told Reuters on Wednesday. SoftBank's billionaire CEO Masayoshi Son has been persistent in seeking a larger stake in the startup after investing in the last funding round, according to CNBC, which first reported the news. The Microsoft-backed artificial intelligence start-up raised $500 million from the Japanese conglomerate, according to a media report, in a $6.6 billion funding round in October at a valuation of $157 billion.