Asian Equities Traded in the US as American Depositary Receipts Decline in Friday Trading; Down Nearly 3% for the Week

MT NewswiresDec 20 23:31

US stocks are moving unusually丨Cryptos are plunging, related Concept stocks are declining in pre-market, MicroStrategy is down over 5%.

On December 20, Gelonghui reported that Cryptos suffered a significant drop, and related stocks in Pre-Market Trading collectively fell. Among them, Bit Digital dropped over 9%, Canaan fell over 6%, MicroStrategy decreased over 5%, and TeraWulf and Coinbase declined over 4%. Cryptos experienced widespread losses, with Bitcoin falling to around 95,000 USD and Ethereum dropping below the 3,300 USD mark. Analyst Chris Weston from Pepperstone stated, "It is necessary to remain cautious about Bitcoin at this moment. This does not mean we will soon see a price crash, but it remains..."

Gelonghui FinanceDec 20 17:26

Bitcoin has fallen below 0.1 million dollars, analysts suggest it may drop to 0.09 million dollars in the short term.

Due to the Federal Reserve's cautious stance on interest rate decreases, Bitcoin's price dropped below $0.1 million this Thursday, dragging down the performance of speculative Assets.

Zhitong FinanceDec 20 08:37

The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.

U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.

wallstreetcnDec 20 07:26

Hong Kong Accelerates Licensing for Crypto Exchanges With New Approvals

Yahoo FinanceDec 19 23:09

Bitcoin Prices Dip yet Crypto ETFs Chase Gold Supremacy

Investing.com Dec 19 22:23