Ether, the second biggest cryptocurrency after bitcoin, followed a similar pattern, dropping 14% before bouncing back.
Last month, it announced plans to add 5G-compatible iPhone 12s and the iPhone SE to its lineup to garner users and market share from Japan’s big three carriers.“Rakuten’s competitive push is going to be strong this year and investors are looking for more magnitude of their investments in the mobile business,” Kirk Boodry, an analyst at Redex Research in Tokyo, said ahead of the announcement.
Coinbase’s Coinbase stock forecast To find good ideas for crypto stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
Ultimately, he said, “there’s no better day” to go public when he looks at the big picture, which includes SimilarWeb’s growth and the enthusiasm for new technology stocks over the past year.SimilarWeb, which provides a platform for analyzing app and website data, fell 0.6% to $21.87 a share in New York trading Wednesday, giving the company a market value of about $1.62 billion.
The gyrations in financial markets underscored concerns among some investors that the Federal Reserve could be wrong in its prediction that inflation pressures in the United States are “transitory”, and that the central bank may have to raise rates sooner than it currently expects.
Wall Street’s main indexes were set to open higher on Thursday, with the tech-heavy Nasdaq rebounding, after data showed fewer Americans filed for weekly jobless claims, while investors shrugged off a surge in producer prices.
The shutdown triggered fuel shortages from Virginia to Florida and panic buying, with the national US gasoline price rising above $3 a gallon and jumping as much as 11 cents in a day in some areas.