Bitcoin’s market capitalization has fallen to $1.825 trillion, with a dominance of 61.25%. The cryptocurrency’s trading volume surged by 144.5% to $51.42 billion, largely driven by stablecoins, which accounted for 94.16% of the volume. Investor sentiment weakened due to U.S. tariffs on Canada and Mexico, leading to significant declines in major cryptocurrencies, including a 5.4% drop in Bitcoin and a 7.7% drop in Ethereum.
about Bitcoin Market Cap Drops Amid U.S. Tariff Concerns and Crypto Sell-Off
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Indian Stock Market Plummets Amid Global Economic Concerns and FII Outflows
Indian equity benchmarks faced significant declines, with BSE Sensex dropping over 800 points and Nifty50 falling below 22,600, marking the fifth consecutive session of losses. This downturn is attributed to global market weakness, declining US consumer confidence, and ongoing foreign investment outflows, as investors remain cautious ahead of key inflation data and Federal Reserve discussions. The total market value of BSE-listed firms decreased by Rs 5.07 lakh crore, reflecting widespread sectoral declines, particularly in IT and financial services.
about Indian Stock Market Plummets Amid Global Economic Concerns and FII OutflowsIndian Market Declines Amid Earnings Concerns and Global Economic Uncertainty
The Indian market closed lower on Friday, reversing early gains due to concerns over a potential slowdown in corporate earnings, despite optimism from lower U.S. interest rates and falling oil prices. The BSE Sensex fell by 329.92 points to 76,190.46, while the Nifty 50 dropped 113.15 points to 23,092.20, driven by sell-offs in pharma, real estate, and auto sectors. Market sentiment remains bearish, with 3,001 stocks declining out of 4,059 traded on the BSE.
about Indian Market Declines Amid Earnings Concerns and Global Economic Uncertainty