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.

Forex

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

Cryptocurrency

24 Jan 2022

Bitcoin Plunges to Six-Month Low amid Rising Geopolitical Tensions between Russia and Ukraine

The Index Today

Bitcoin on Monday slumped to a record six-month low of nearly 9% as tensions continue to rise between Russia and Ukraine, triggering an extended risk asset selloff.

Bitcoin has been trading at its lowest since July 23rd by 8.8% at $33,058 after a record November profit of $69,000 that surpassed a 50% gain. This comes as mounting geopolitical tensions between Russia and Ukraine impacted OPEC+’s oil production goals while also spurring the U.S. to call back family members of diplomats.

Lesser cryptocurrencies have also dipped following Bitcoin’s plunge. Ether was down by 13% at $2,202 while Binance Coin dropped by 12%.

Horizon President Mark Elenowitz stated, "Bitcoin will face headwinds going back up until the macroeconomic conditions change." He contended that this could lead to an extended selloff of risk assets like Bitcoin.

Clay pottery with table linens
bottom of page