Bitcoin’s price has crashed dramatically, amid what seems to be a broader worry in the financial markets. The world’s biggest cryptocurrency has fallen more than 7 per cent over the last 24 hours, and almost 12 per cent in the last week. Other large digital currencies saw similar falls, though not as stark. Ethereum, the second biggest cryptocurrency by market cap, has lost around 10 per cent of its value in the last week. The troubles mean that the crypto market as a whole is down 5.7 per cent over the last 24 hours, according to tracking website Coinmarketcap. Trading volumes increased sharply, too, and were up almost 80 per cent over the last 24 hours. Thursday’s drop in the price of the cryptocurrency was the biggest one day fall since November 2022. That happened when large exchange FTX collapsed, sending shockwaves through the crypto markets and leading to widespread fears. This time around, there was no obvious connection to events in the cryptocurrency market. Instead, investors seemed concern about the economy more generally, and more traditional assets were also hit by falls in recent days. Wall Street’s main indexes fell on Friday, extending declines to the fourth session on a drag from megacap growth stocks, as evidence of a resilient U.S. economy fanned fears of interest rates staying higher for longer. The three main US stock indexes are on track for sharp weekly losses as a spate of strong economic data, including a fall in weekly jobless claims, caused investors to dial back expectations of rate cuts and drove up government bond yields. The yield on the 10-year Treasury note hit a ten-month high of 4.328 per cent in the previous session and came within a whisker of its highest level since 2007. “The drivers really have been of late the rising Treasury yields and that is signaling a more risk-off investor sentiment,” said Art Hogan, chief market strategist at B Riley Wealth. “Investors are looking at (better-than-expected economic data) and saying the Fed likely isn’t restrictive enough yet.” Traders see a nearly 91% chance of the Fed holding rates at current levels at its September meeting, according to the CME Group’s FedWatch tool. On Friday, rate-sensitive big technology and growth stocks such as Apple, Microsoft, Tesla and Nvidia slipped between 0.7% and 2.8% even as Treasury yields took a breather. The communication services and technology sectors housing major growth stocks fell 1.6% and 1.0% respectively. The tech-heavy Nasdaq hit an over two-month low and is set to post the biggest weekly declines of the three major indices, down 3 per cent so far. The CBOE volatility index hit its highest in nearly three months, reflecting rising investor anxiety. Additional reporting by Reuters Read More How bad is bitcoin for the environment really? Crypto experts discuss bitcoin price predictions What is Solana? The crypto rising 200-times faster than bitcoin Bitcoin’s price is crashing dramatically PayPal launches dollar-backed cryptocurrency World’s first ‘superfast’ battery offers 400km range from 10 mins charge

OKLAHOMA CITY--(BUSINESS WIRE)--Oct 2, 2023--

Russian cruise missiles have destroyed farm storage buildings in the Odesa region

Holly Willoughby has revealed that she won't be returning to This Morning, following an eventful year. Her final appearance on the show was last Wednesday (4 October), where she signed off by saying "see you tomorrow" - not knowing that she wouldn't be coming back. "This is such a difficult goodbye, you are incredible and I forever will be proud of what we’ve done together", she signed off on Instagram. Sign up to our free Indy100 weekly newsletter

Donald Trump would rather be electrocuted than eaten by a shark.

Brighton agree deal with Ajax for Mohammed Kudus, who has been monitored by Chelsea, Arsenal & Man Utd.

MEXICO CITY Mexico's headline inflation likely eased in the first half of July to its lowest level in

Cryptocurrencies are often characterized by their wild price swings and volatility, but stablecoins are digital currencies designed to do the opposite — to hold a steady value.

Northwestern didn't skip a beat without starting quarterback Ben Bryant as backup Brendan Sullivan led the team with three touchdowns in a 23-20 win over Howard on Saturday afternoon

By Francesco Canepa and Balazs Koranyi FRANKFURT (Reuters) -European Central Bank policymakers want to soon start discussing how to tackle

The Prime Day 2 gaming deals are out in full force. Check out a few

Here on the Refinery29 Most Wanted team, we’re all about shining a light on BIPOC-owned brands that deserve more love and recognition. To celebrate Asian American and Pacific Islander Heritage Month, we have given shoutouts to our favorite AAPI-owned fashion brands, as well as emerging Asian-owned beauty brands that should be on your shopping radar. There are also plenty of AAPI-owned home brands to support now (and all the time). Now, we’re highlighting the AAPI-owned lifestyle brands available on what is perhaps the most convenient shopping hub of them all — Amazon.