Crypto market abruptly falls after its strong recovery in recent weeks
Crypto’s recent stunning surge took a sharp downturn overnight. Bitcoin sank 10%, following a dazzling rally that had taken the crypto market leader to 10-month highs. The altcoins followed suit, with Ethereum and Bitcoin Cash dropping 11%, XRP falling 14%, and the rest of the top ten registering losses as well. At the time of this writing, Bitcoin stood down 9% at just over the $7,100 mark.
Today’s highlights: DJ30 jumps more than 200 points
- After-hours stock moves: Baidu Inc., China’s biggest online search engine, posted a loss for the first time since going public in 2005, causing shares to tumble more than 8%. Pinterest posted disappointing first-quarter earnings and plummeted more than 15%. Nvidia and Applied Materials both beat earnings expectations and gained around 6%.
Stocks earnings releases on 20/05/2019
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
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17/05/2019 appeared first on eToro.