News

Bitcoin has fallen over 6% in the last 24 hours.Indicators suggest BTC could drop to as low as $90,000.Ether outperforms the broader market.

Bitcoin has fallen over 6% in the last 24 hours.Indicators suggest BTC could drop to as low as $90,000.Ether outperforms the broader market.

BTC traders purchase protective put options in response to Monday's 5% decline.The Coinbase premium indicator highlights a decline in demand for Bitcoin in the U.S. market.The daily chart reveals a bearish RSI divergence, signaling potential weakness in price momentum.

(Bloomberg) -- Alberta intends to invoke legislation allowing it to defy a federally proposed cap on emissions from the energy industry in opposition to Prime Minister Justin Trudeau.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Italy’s Motor City, Car-Free Options Are GrowingIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes W

Long-term investors have sold almost 550,000 BTC, almost 4% of their holdings.Last week, one-day profit-taking touched a record high in dollar terms, more than $10.5 billion. The percentage drop from long-term holders continues to fall each cycle.

Federal Reserve officials say they are likely to keep reducing interest rates for now, and investors still expect them to do so at the U.S. central bank's Dec. 17-18 meeting. But how far they will go beyond that remains a wide-open question, with the minutes of the Fed's meeting earlier this month expected to show the start of a debate that will shape the financial landscape faced by the incoming Trump administration. While job growth slipped in October, the sense among policymakers was that the U.S. economy was continuing to beat expectations.

LONDON -U.S. oil and gas producers are unlikely to radically increase production under president-elect Donald Trump as companies remain focused on capital discipline, a senior executive at Exxon Mobil said on Tuesday. "We're not going to see anybody in 'drill, baby, drill' mode," Liam Mallon, head of Exxon's upstream division, told the Energy Intelligence Forum conference in London. "A radical change (in production) is unlikely because the vast majority, if not everybody, is focused on the economics of what they're doing," he said.