MicroStrategy Pauses Weekly Bitcoin Purchases Ahead of Earnings
The company reports fourth-quarter earnings on Wednesday.
The company reports fourth-quarter earnings on Wednesday.
President Donald Trump has begun a new trade war with Canada, Mexico, and potentially China, and this has had a significant ripple effect on the broader financial landscape, including the cryptocurrency market. Trump’s latest move involves imposing a 25% tariff on imports from Canada and Mexico, while Chinese imports will be taxed at 10%.
Dimon and Musk’s collaboration comes just weeks after Dimon offered to help the billionaire with his government cost-cutting initiative.
The crypto market was in tatters late Sunday night after traders realized there wouldn't be a tariff reprieve before global stock markets opened Monday morning. Bitcoin (CRYPTO: BTC) fell below $100,000 and looked like it could break $90,000 before bouncing a bit. As of 10:00 a.m. ET Monday, Bitcoin is down 5.7% since the market closed on Friday and 2.1% in the last 24 hours.
IDEXX Laboratories exceeded fourth-quarter profit and revenue estimates on sales of its animal testing products and price increases.
The government secured a $1.4bn loan from the IMF, prompting a cautious approach to Bitcoin after the lender's recommendation.
HOUSTON (Reuters) -Oil prices edged lower on Monday after rising more than $1 earlier in the session after the United States and Mexico announced a month-long pause on tariffs the U.S. had slapped on its southern neighbour. U.S. President Donald Trump had imposed tariffs on Canada, Mexico and China to take effect from Tuesday, raising fears of supply disruption. U.S. President Donald Trump on Monday said he would pause tariffs planned for Mexico and that negotiations would continue to reach a "deal" between the two countries.
Markets sold off on Monday as investors digested Donald Trump's tariff announcements on Mexico, Canada, and China.
Wall Street is paring its losses after Mexico’s president said the United States will delay its tariffs on Mexican imports by a month, easing some of the worries about a potential trade war. The S&P 500 was down 0.7% in Monday morning trading after being down as much as 1.9% earlier.
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