Cryptocurrencies back in the green
The crypto market continues to go back-and-forth, as all top 10 cryptos registered gains over the past 24 hours, after declining in the previous session. At the time of writing, Bitcoin was up more than 2.4%, climbing above the $7,800 mark. While 6 top 10 cryptos are still in the red for the week, Binance Coin (BNB) led the top 10 in weekly gains, up more than 25% for the week.
Today’s highlights: Trade war fears continue to impact markets
- Wall Street continues to decline: The ongoing trade dispute between China and the US impacted markets yesterday, as the SPX500, DJ30 and NSDQ100 all closed at least 1.1% lower. The tech sector continued to drag markets down, as Amazon, Google and Netflix each closed more than 2% lower, while Apple was down 1.7%. Later in the day, President Trump spoke in favor of a trade deal, saying “it’s happening fast.”
- GBP slumps as May faces more hardship: British Prime Minister Theresa May might resign soon, according to reports in the UK, as her upcoming 4th attempt at gaining support for her Brexit deal is predicted to fail. In the meantime, the GBP has been on a downward spiral, reaching a 4-month low against its major peers.
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.
The post eToro Daily Update
24/05/2019 appeared first on eToro.