top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen


18 Apr 2022

Bitcoin Plunges to Monthly Low amid Falling Risk Appetite

The Index Today

The world’s largest cryptocurrency plummeted to its lowest level in over a month spurred by mounting investor risk aversion compounded by the Ukraine-Russia crisis.

According to Bloomberg, Bitcoin dropped by up to 4.2% to $38,580 on Monday. Ether, which is the second largest cryptocurrency in the world, also plunged by 4.7%, falling to a low of $2,902. As per CoinGecko, the world crypto sector’s value fell by 4% to $1.9 trillion within 24 hours.

This comes amid Bitcoin’s recent struggles which has seen it mostly trading between the $35,000 to $45,000 range, in the midst of soaring inflation and the resulting hawkish stance of the U.S. Federal Reserve.

Clay pottery with table linens
bottom of page