Bitcoin Plunges Below $50000 With Market Technicals in Focus

A fresh bout of selling on Friday drove Bitcoin down as much as 7.9% to $47,525 — below its 100-day moving average — as it continued to take out key technical levels.

This week’s almost 20% rout marks the worst period for Bitcoin since it tumbled amid a wider slump in risk assets at the end of February.

investors in Bitcoin, which has advanced more than 70% this year despite its recent pullback, already face a capital gains tax if they sell the cryptocurrency after holding it for more than a year.

“If it is true we’ve moved too much — but once Bitcoin gets a head of steam it is tough to stop unless you are at a technical area.

Western countries risk losing control of technologies that are key to internet security and economic prosperity to nations like China and Russia if they don’t act to deal with the threat, one of the U.K.’s top spy chiefs warned Friday.

Is my money safe? Can my stock outperform the market? History has shown that equity gives far better returns than fixed income in the long term.

Health Canada will not make a decision on whether to authorize any vaccine under rolling review until it has received the necessary evidence to support the candidate’s safety, efficacy and quality, the company said.

The West must urgently act to ensure that China does not dominate the key technologies of the 21st Century or the Communist state could effectively grab control of the world’s global “operating system”, Britain’s top cyber spy said.

Iglesias, who recently stepped down as one of Spain’s four deputy prime ministers to run in the May 4 Madrid election, posted a photo on Twitter showing the four bullets he said arrived inside the envelope and the letter addressed to him at the Interior Ministry’s headquarters in Madrid.

The country’s diesel and gasoline consumption could fall by a fifth this month, and traders said the nation’s largest refiner had refrained from buying West African oil this week, defying expectations.Oil is more than 25% higher this year, aided by the rollout of Covid-19 vaccines and vigilant supply management from the Organization of Petroleum Exporting Countries and its allies.

Stellantis has said it would offer electric versions of almost all of its European lineup by 2025, as the auto industry faces regulatory pushes in Europe and China to accelerate the shift to zero-emission vehicles.

With the market looking choppy lately, here are three of the best Canadian stocks to buy now if you’re worried there may be a stock market correction soon.

The Tod’s deal got more expensive after the Italian group added popular social influencer and brand founder Chiara Ferragni to its board earlier this month, boosting shares by 12% as it signalled its intent to target younger buyers.

…Read the full story