- A + A (June 27): The wipeout in Bitcoin may have run its course, a range of technical indicators suggest. Momentum measures and insights from options bets signal ebbing selling pressure and a possible trading range of US$20,000 to US$25,000 — though the usual caveats apply about the mercurial nature of cryptocurrencies. The largest digital token has slumped about 70% from a November record and was little changed at US$21,343 as of 8:38 a.m. Monday in London. It slid below US$18,000 earlier this month, before retaking the closely watched US$20,000 level. Tightening monetary policy, withering speculative ardor and collapsing digital-asset projects have spurred a broad crypto rout in 2022. But the mood in global markets is turning less dour on tentative hopes that the price pressures driving interest-rate hikes may be cresting. The lessons of Bitcoin’s past swoons suggest it’s in the vicinity of its bear-market low, according to Glassnode. This “bear market is now … [Read more...] about Bruised bitcoin due relief after crypto wipeout, charts show
When bear market start
Dear Reader, The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. Volatility, uncertainty, and unpredictability have been go-to words for writers and analysts tasked with writing about markets in the past few years. That’s not changed despite the market taking a bearish turn. Just a while ago, it seemed like the mother of all bloodbaths was just around the corner. No, what you saw was a mere prelude, they said. But the markets are on a different trip now. At 12.45 pm, the Sensex was up 1.2 percent above Friday’s close and 4 percent above its recent low made in mid-June. What is this, a bear market rally and how many dead cats will bounce before none are left? Can somebody call the bottom already? Close This time, the white flag waved by the bears has the “we … [Read more...] about Moneycontrol Pro Panorama | Can somebody call the bottom already?
(CNN) Following the US Supreme Court's decision to overturn Roe v. Wade, CNN Opinion asked a group of contributors to weigh in on the cultural, legal and political ramifications of this monumental legal opinion undoing nearly 50 years of federal abortion protection. The views expressed in these commentaries are those of the authors. SE Cupp: What politicians get wrong about the abortion debate I'm deeply worried for our country. Read More No matter where you stand on the issue -- I'm pro-life but do not support a ban on abortions -- this ruling represents a seismic shift in American life as most of us knew it. I'm 43, and Roe is older than I am. There are more people alive today who have never known an America without Roe than there are people who lived without it. Stripping away what many women have only known as a right for nearly 50 years, without putting anything in its place is dangerous. Criminalizing … [Read more...] about Opinion: The aftershocks of America’s abortion earthquake will be felt for decades
Share to Twitter Share to Linkedin What would you do if you had 7,500 applicants for jobs at your company? Most of us would feel a bit overwhelmed, but then we’d start trying to figure out how so many people decided to apply. If you’re Apple or Tesla it makes sense; for a small startup with about 250 employees that makes a sales scheduling app, it was quite a shocking discovery. The reason it all worked so well? They posted a handful of TikTok videos, then watched as many of them went viral. Now, before you scoff at that and come to the conclusion that there must have been a dancing bear telling jokes or a celebrity like Ryan Gosling involved, the truth is even more puzzling. A startup called Chili Piper posted videos of real employees acting like real people, often with a trending song in the background and a few well-placed captions. “People engage with our TikTok videos because they showcase the perks of fully remote work and because we are … [Read more...] about How A Tech Startup Attracted 7,500 Job Applicants Using TikTok Videos