World Market News of the 12 December with FXOpen #bitcoin #ripple #nikkei225 #hangsengindex #nifty50
#bitcoinprice #bitcoinnews #solanasol #altcoins #stockmarketindia
BITCOIN VOLATILITY
After bitcoin broke the $44,000 barrier last week for the first time since April 2022, the cryptocurrency fell around 5% to $41,, hitting a low of $40,300 at one point during Sunday night. Ether, Solana’s SOL and Ripple’s XRP also dropped around 7%. Despite its recent slide, analysts expect bitcoin to have plenty of juice in the tank because a spot bitcoin exchange-traded fund seems to be on its way.
Source: CNBC
MODEST MOVES
U.S. markets rose Monday, with all three major indexes registering modest gains. Shares of Macy’s surged % on news the U.S. retailer had received a buyout offer of $5.8 billion. Asia-Pacific stocks rose Tuesday. Japan’s Nikkei 225 added around % as producer prices rose at a faster-than-expected 0.3% year-on-year. Hong Kong’s Hang Seng index rebounded off a one-year low to gain %.
Source: CNBC
INDIA OVERTAKES HONG KONG
India surpassed Hong Kong to become the seventh largest stock market in the world. As of November, the total market capitalization of the National Stock Exchange of India was $ trillion compared with Hong Kong’s $ trillion, according to the World Federation of Exchanges. What’s more, India’s Nifty 50 index’s up 16%, while Hong Kong’s Hang Seng index’s has lost 17% so far this year.
Source: CNBC
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