44 Mins Ago
Bitcoin trading near $65,000 after halving
The price of bitcoin was little changed on Sunday evening, hovering near $65,000.
That is close to where the largest cryptocurrency on Friday before its so-called “halving,” which slows the issuance of bitcoin by reducing the rewards for miners.
The price of bitcoin has risen in between each prior halving, but some experts say there could be near-term downside for the cryptocurrency.
See Chart…
The price of bitcoin was relatively calm over the weekend after another “halving” for the cryptocurrency.
— Jesse Pound, Tanaya Macheel
An Hour Ago
Futures open higher
The three key futures contracts rose when trading opened at 6 p.m. in New York. Dow futures were briefly up 100 points.
— Jesse Pound
An Hour Ago
Last week in review
Here’s where the key averages stand after Friday’s decline in tech:
- The S&P 500 fell 0.88% on Friday, its sixth negative session in a row.
- The S&P 500 closed the week down 3.05%.
- The Nasdaq Composite fell 2.05% on Friday, its sixth negative session in a row.
- The Nasdaq Composite finished the week down 5.52%.
- The Dow gained 211 points, or 0.56%, on Friday, its second positive session in a row.
- The Dow closed the week up 0.01%.
— Jesse Pound, Christopher Hayes
