Bitcoin tumbled Monday to an 18-month low under $25,000 as investors shunned risky assets in the face of a global market’s selloff. The world’s most popular cryptocurrency dived about 10pc to hit $24,692 in morning London deals, striking a level last seen in December 2020. World stock markets have plunged since Friday when data showed US inflation at a fresh four-decade high, increasing recession fears. “The correlation between the equity markets and bitcoin continues to” gain strength, said AvaTrade analyst Naeem Aslam. The virtual unit has collapsed 65pc in value since striking a record peak in November 2021.
KARACHI: Pakistan's IT companies and fintech operators are looking to grab business opportunities in the…
Islamabad – November 07, 2024: Mobilink Bank, Pakistan’s leading digital microfinance institution, was celebrated with…
Pakistan's Foreign Office has reaffirmed the nation’s commitment to strengthening its relationship with the United…
Pakistan is undergoing a booming energy shift resulting in solar energy adoption among all orders…
The 100-Index of the Pakistan Stock Exchange (PSX) witnessed bullish trend on Tuesday, gaining 366.32…
Pakistan Stock Exchange (PSX) on Tuesday announced the appointment of Farrukh H. Sabzwari as its…
Leave a Comment