These are the most important news, in the financial markets, for today, in my opinion.
If you like to get a FREE daily update on financial markets just subscribe to my newsletter using the form below and follow me on social media.
Tech sector lifts Wall Street
The DJ30, SPX500 and NSDQ100 all closed higher yesterday, as technology stocks gave markets a boost. Ahead of Google’s earnings report, its stock, alongside Facebook, Apple, Netflix and Microsoft all rose at least 2%. However, the GOOG stock dipped more than 2.8% after-hours, as its earnings report showed an increase in the company’s operational costs.
US Shutdown and border wall
President Donald Trump will make his annual State of the Union address to Congress at 9:00PM ET. Trump signaled last week that the speech will include extensive remarks about his standoff with Democrats over building a wall along the U.S.-Mexico border, the subject of an intense partisan battle that prompted a 35-day partial government shutdown.
Cryptocurrencies relatively stagnant: The crypto market showed low volatility over the past 24 hours, as 6 of the top 10 cryptos showed price movements of 1% or less. At the time of writing, Bitcoin was nearly flat, still trading below the $3,500 mark.
Report: Facebook Acquires Blockchain Startup in Apparent First
Social media network Facebook has reportedly acquired Chainspace in its first apparent blockchain-related acquisition, Cheddar reports on Feb. 4.
Read more at http://cryptobreaking.com/report-facebook-acquires-blockchain-startup-in-apparent-first/
Bitcoin’s Daily Price Range Hits Three-Month Low
Mt.Gox: Leaked Info Purportedly Shows $318 Billion Cryptocurrency Sell-Offs on BitPoint
The trustee for the rehabilitation proceedings of defunct cryptocurrency exchange Mt. Gox reportedly sold large amounts of Bitcoin (BTC) and Bitcoin Cash (BCH) on trading platform BitPoint. Cointelegraph Japan reported on the development on Feb. 5, citing leaked data.
Read more at http://cryptobreaking.com/mt-gox-leaked-info-purportedly-shows-318-billion-cryptocurrency-sell-offs-on-bitpoint/
BitTorrent’s Token Price Spikes 600 Percent Since ICO
BitTorrent token’s (BTT) price has gone up over 600 percent since its initial coin offering (ICO) which sold out in minutes, according to the data from CoinMarketCap on Feb. 4.
Read more at http://cryptobreaking.com/bittorrents-token-price-spikes-600-percent-since-ico/
More news on cryptocurrencies at http://cryptobreaking.com