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

The Toronto Blue Jays have shockingly emerged as favorites to trade for San Diego Padres slugger Juan Soto, per a new report.

SÃO PAULO--(BUSINESS WIRE)--Jun 29, 2023--

Lukas Jensen was the hero for League One Lincoln as they continued Sheffield United’s miserable start to the season with a 3-2 Carabao Cup penalty shootout victory at Bramall Lane. After a drab 90 minutes ended goalless, the Imps goalkeeper saved spot-kicks from Louis Marsh and Benie Traore to send his side through. This was not the performance or result that the Blades will have been looking for having lost their opening three Premier League games of the season and boss Paul Heckingbottom will have been presented with more questions than answers. Mark Kennedy’s side will now dream of drawing one of the big boys in the next round after a deserved win. It was no surprise that United did not fire as they fell in line with the majority of Premier League clubs by making wholesale changes to their side for the visit of the Imps. And that had an inevitable effect on the game as the Blades were unable to play with any fluency and Lincoln more than held their own. Reeco Hackett had a curling shot saved by Adam Davies, while the visitors also wasted several good moments on the counter-attack. The Blades had to wait until the 51st minute to have a shot on target as Ollie Norwood sent debutant Cameron Archer through on goal, but the striker’s aim was off and he shot straight at Jensen. Lincoln finally cut the Blades open on a transition after Daniel Mandroui’s incisive pass was perfect for Teddy Bishop, but he could only stab wide from close range. Sheffield United looked the likeliest to force a late goal which would avoid the shootout lottery, but John Egan flashed a header wide and Auston Trusty could only plant his free header straight at Jensen. That meant it would be decided from the spot and after Jensen had kept out poor Marsh and Traore efforts, the job was done when Egan skied the final penalty of the night.

WASHINGTON Republican U.S. Senator Mitch McConnell froze up for more than 30 seconds on Wednesday during a public

A top Apple executive defended the tech giant’s decision to make Google the default search engine on Apple iPhones and Macs, saying there was no “valid alternative

Netflix had advertised ‘XO, Kitty’ as a K-drama and while it was set in Korea, had Korean actors and actresses, and plenty of K-pop songs, it felt…American

The CEO of Walgreens Boots is stepping down after less than three years at the helm of the drug store chain

Chelsea head coach Mauricio Pochettino has revealed he punished himself for receiving a Premier League touchline ban, but this repentance differs to that he puts his players through.

An American woman has been arrested in the Bahamas for allegedly plotting her husband’s murder. Thirty-six-year-old Lindsay Shiver was arrested after law enforcement in the area uncovered her alleged murder plot while investigating a separate crime, The Bahamas Court News reported. A source told the outlet that Ms Shiver and her husband and father of her three children Robert Shiver, 38, owned a house in the Bahamas. Mr Shiver, who played for Auburn University’s Tigers from 2006 to 2008, filed for divorce earlier this year after finding out that her wife allegedly had an extra-marital affair. Although details about the alleged scheme have not been released, local police arrested Ms Shiver, her alleged 28-year-old lover Terrance Bethel and Faron Newbold, also 28, who authorities say was hired to be the hitman. Texts in preparation for the supposed murder attempt incriminated the suspects, according to The New York Post. The evidence was found during an investigation into a robbery at a Great Guana Cay bar. The three suspects are currently being held in a jail facility in Nassau. They’re expected back in court on 5 October. Read More Mother, 18, accused of trying to hire hitman to kill three-year-old son Jimmy Hoffa disappearance anniversary: What happened to long-lost union leader presumed murdered by the mob? Sanctuary for Pablo Escobar’s family in UK was part of secret deal

By Nidal al-Mughrabi, Mohammemd Salem and Henriette Chacar GAZA/JERUSALEM Hamas and Israel were expected to release more hostages

Dutch rider Mathieu van der Poel won the men's road race world championship in Glasgow on Sunday with a late solo escape after a 271km...