World Market News of the 4 September with FXOpen #bitcoin #btc #crypto #nikkei #crudeoil #brent #wti
☑️ BITCOIN TOUCHES ONE-MONTH LOW AS GLUM TRADERS HEDGE FOR PAYROLLS
Bitcoin flirted with a one-month low amid a wider retreat from riskier investments in global markets due to fears about the economic outlook.
The largest digital asset slid more than 4% at one point on Wednesday before paring a part of the decline to change hands at $56,318 as of 7:15 a.m. in London. Most other major tokens such as Ether also nursed losses.
Bitcoin’s rally this year has fizzled somewhat since the record high of $73,798 hit in March.
Source: Bloomberg
☑️ ASIAN STOCKS TUMBLE AFTER WALL STREET DROPS ON WORRIES ABOUT THE ECONOMY
Asian stocks tumbled Wednesday after Wall Street had its worst day since early August, with the heavyweight Nvidia falling 9.5%, leading to a global decline in chip-related stocks.
Japan’s Nikkei 225 lost 4.2% and closed at 37,, leading losses in Asia. Electronics and semiconductor company Tokyo Electron slumped 8.6% on Wednesday.
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