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(Bloomberg) — Bitcoin’s selloff accelerated Monday, pushing it closer to $30,000 once again. The world’s largest digital coin, down as much as 3.3% at one point during the session, continues to ebb closer to the pivotal round-number level, trading around $30,628 as of 9:41 a.m. in New York. Chartists are watching to see if it breaks below that support, which could exacerbate its decline and set it up for its lowest close since the start of the year. The retreat comes amid a broader… Source link

Bitcoin is falling a day after the options market saw increased demand for out-of-the-money or lower strike put options at $22,000 and $20,000. The leading cryptocurrency was trading at a three-week low of $30,700 at press time, representing a 3.5% drop on the day. The decline has flipped the crucial 50-week simple moving average (SMA) support of $32,250 into resistance. On Sunday, 500 contracts of the $22,000 put option expiring on Dec. 31 changed hands via the institution-focused… Source link

Stocks sank on Monday, pushing Wall Street benchmarks lower even as second-quarter earnings results reflect a strengthening economic rebound, as rising worries over inflation and the resurgence of new COVID-19 infections rattled investors. This week’s batch of earnings will include industry leaders like Netflix (NFLX) and Johnson & Johnson (JNJ), offering a fuller picture of how companies are faring as more parts of the economy reopened in the spring and early summer. All eyes will also be on… Source link

The recent COVID outbreak among the New York Yankees baseball team underscores the fact that the coronavirus vaccines are not 100% effective but are still crucial to preventing hospitalization and death. “There’s a lot of talk about how people are getting COVID anyway, even though they’re vaccinated, and that is true and that is expected because there’s no vaccine that’s 100% all the time,” Dr. Esther Choo, professor of emergency medicine at Oregon Health and Science University,… Source link

Bloomberg Bitcoin Resumes Slide Toward $30,000 as Crypto Confidence Ebbs (Bloomberg) — Bitcoin’s selloff accelerated Monday, pushing it closer to $30,000 once again.The world’s largest digital coin, down as much as 3.3% at one point during the session, continues to ebb closer to the pivotal round-number level, trading around $30,628 as of 9:41 a.m. in New York. Chartists are watching to see if it breaks below that support, which could exacerbate its decline and set it up for its lowest… Source link

ROCHESTER, N.Y., July 19, 2021 /PRNewswire/ –Hyzon Motors Inc. (NASDAQ: HYZN), a leading global supplier of zero-emission hydrogen fuel cell-powered heavy vehicles, announced that its Class A Common Stock will commence trading at market open today, July 19, 2021, on the Nasdaq Global Select market under the ticker symbol “HYZN”. This follows the previously announced closing of the business combination between Hyzon Motors USA Inc. (f/k/a Hyzon Motors Inc.) and Hyzon Motors Inc. (f/k/a… Source link

Investors in up-and-coming EV plays have likely already considered Churchill Capital (CCIV), the company that’s set to take Lucid Motors public this year. This SPAC merger is one of the most highly-anticipated of the year, and brings with it a tremendous amount of investor enthusiasm among those seeking a true rival for current incumbent Tesla (TSLA). Lucid’s core flagship EV product, the Lucid Air, brings a level of luxury and style to the EV market that is reminiscent of Tesla’s Model… Source link

News broke over the weekend that Boris Johnson would have to self-isolate following contact with health secretary Sajid Javid, who tested positive for coronavirus. Photo: David Rose/AFP via Getty Images The sell-off in European stocks lengthened into the afternoon on Monday as investors digested the latest coronavirus caseloads on what has been dubbed ‘freedom day’ in England.  On Monday, England moved to its final stage of relaxing coronavirus restrictions, despite concern from scientists… Source link

(Bloomberg) — Asian stocks and U.S. futures fell Monday on concerns about the impact of Covid-19 outbreaks and elevated inflation on economic prospects. Treasuries climbed and oil slipped after an OPEC+ supply deal. Shares fell across the region, with Japan and Hong Kong underperforming. China opened with more modest losses. S&P 500 and Nasdaq 100 futures dropped after the S&P 500 fell for the first week in four. The rally in Treasuries continued, sending 10-year yields further below… Source link

Euan Black Verizon Media has appointed Euan Black as Yahoo’s director of content for Australia and New Zealand. Black is currently head of news, sport and lifestyle at Yahoo Australia. In his new role, Black will lead all local editorial and video output for the Yahoo brands. In his nearly five-year tenure at Yahoo Australia, Black has achieved record growth for the news, sport and lifestyle brands with traffic up across all sites on average by 18% in the last year and the number of… Source link