Bitcoin’s recent price drawdowns – the percentage decline from peak to trough – shouldn’t come as a surprise for cryptocurrency traders used to volatility.
The near 15% decline in the bitcoin price earlier this week is on a par with previous drawdowns that took roughly five to 10 days to recover.
According to Ecoinometrics, a cryptocurrency newsletter, the market dynamics are consistent with what might be expected in the year after a “halving” on the Bitcoin blockchain.
JPMorgan Managing Director Nikolaos Panigirtzoglou recounts seeing such negative price action for Bitcoin in the past year.
airlines Thursday.American Airlines saw its first-quarter net loss nearly cut in half from a year ago, as rising vaccination rates lead to a pick-up in air travel in recent weeks.CEO Doug Parker in a statement said he sees signs of continued recovery in demand.And on a conference call with investors, company executives said they expect to see corporate travel start to return beginning in the summer.With demand expected to pick-up and armed with government loans, American said it canceled furlough warnings to 13,000 of its employees.Southwest Airlines also provided quarterly results with a splash of optimism.The discount carrier said it sees the making of an “optimistic summer,” as domestic leisure-travel ticket sales rise steadily each week.It’s so confident that it says it is adding flights and expects its total capacity over the next few months to likely be just 15 percent below where it was in 2019.And it expects to stop losing money on flights -known in the industry as the daily cash burn – by June.
The BBC has set the cast for its four-part adaptation of Kate Atkinson’s best-selling and award-winning novel Life After Life.
Wright can now try and pursue his case — titled Wright v Person unknown, “Cobra” — although the defendant might be resident abroad and has not disclosed a name, identity or address, according to court filings issued on Wednesday and seen by Reuters on Thursday.
stocks dived on Thursday on reports President Joe Biden planned to almost double the capital gains tax, news analysts said provided an excuse to take profits in a directionless market ahead of big tech’s earnings next week.
Investors are closely watching the debt resolution as a test case for group insolvencyKotak, who is heading the IL&FS board after government seized control of the shadow lender in 2018, expects to resolve about 62% of its 1 trillion rupees of debtAnother group facing challenges in servicing its debt is Future Group.
Business Secretary Kwasi Kwarteng told a parliamentary committee last week that it would be “very irresponsible” to give taxpayers’ money to the group, describing it as “very, very opaque” and having “liabilities that nobody seems to have got to the bottom of.”GFG has borrowed about $5 billion from Greensill, and is desperately seeking fresh financing, which Sanjeev Gupta is coordinating from Dubai.Some progress has been made.
The dispute dated to 2017 when Huawei sought approval from the EU Intellectual Property Office , a trademark body, to register its computer hardware trademark which has two vertical interlocking semi-circles.
— This time last year, CD Projekt SA was among Europe’s hottest stocks, riding the wave of pandemic gaming demand and on the way to a record high ahead of the release of the studio’s much-anticipated Cyberpunk 2077 game.Fast forward 12 months, the stock is the region’s worst performer of 2021, down 63% from its August record, with the company facing questions about how it plans to fix problems with the botched release of the bug-ridden game.It’s those difficulties that will be in focus on Thursday when CD Projekt reports on a year that included the buildup, release and disappointment of the beleaguered title.