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bitcoin

After dizzying gyrations, what's bitcoin really worth?

He added that the bulk of investors are not day-to-day traders, but people making a long-term punt -- and he estimates that the spectacular price boom of recent weeks has involved only around five millions units.

Published 17 Jan, 2021 10:03am

Markets

Dollar rises despite drop in yields; data, lockdowns weigh on stocks

Stocks fell but remained close to recent record highs, with investors also digesting the prospect of rising taxes to pay for the plan.

Published 16 Jan, 2021 12:49am

Markets

Markets struggle after Biden unveils huge stimulus plan

Frankfurt declined 0.3 percent and Paris shed 0.5 percent in midday eurozone trade.
The dollar traded mixed, while oil prices were down around 1.5 percent.

Published 15 Jan, 2021 06:36pm

Markets

Dollar rebound falters as Fed's Powell strikes dovish tone

The dollar was little changed at 103.76 yen after slipping 0.1% overnight.

Published 15 Jan, 2021 10:56am

Markets

Dollar extends rebound as investors await US stimulus details, bitcoin bounces

Bitcoin was little changed at $37,420 on Thursday, up from as low as $30,261.13 on Jan. 11.

Published 14 Jan, 2021 11:03am

Markets

Stocks rise, U.S. yield falls; demand weighs on oil

Consumer prices are expected to run hotter in a couple of months when March and April of 2020, which saw very low inflation, fall off the yearly reading.

Published 13 Jan, 2021 11:33pm

Markets

ECB's Lagarde calls for regulating Bitcoin's ‘funny business’

Bitcoin has come out of its niche in recent years and is now bought by ordinary people, investment funds and even large corporations.
(Bitcoin) is a highly speculative asset, which has conducted some funny business and some interesting and totally reprehensible money laundering activity,

Published 13 Jan, 2021 06:11pm

Business & Finance

U.S. yields climb further, Brent at 11-month high

The 10-year U.S. yield touched its highest going back to March as prices were pressured ahead of a $38 billion offering later from the Treasury.

Published 13 Jan, 2021 12:00am

Markets

Dollar holds firm as Treasury yield jumps, spurring rebound

Osamu Takashima, head of G10 FX strategy at Citigroup Global Markets Japan in Tokyo, said that he remained bearish on the dollar, with dollar assets looking "expensive".

Published 12 Jan, 2021 02:24pm

Markets

Spot gold may bounce into $1,861-$1,869 range before falling

A break above $1,869 could lead to a gain to $1,883. On the daily chart, the fall from the Jan. 6 high of $1,959.01 looks deep enough to suggest a resumption on the downtrend from $2,072.50.

Published 12 Jan, 2021 01:10pm

Markets

Asian stocks swing as virus and unrest offset vaccine, stimulus

The problem is that, for now, the green light has temporarily given way to a state of investors' political angst.

Published 12 Jan, 2021 10:32am

Markets

Stocks struggle after bumper week, bitcoin plunges

The cryptocurrency last week smashed record after record, eventually surging past $40,000.

Published 11 Jan, 2021 07:39pm

Markets

ANALYSIS-Cancel your weekends! Bitcoin doesn't rest, and neither can you

Weekend trading volumes 10% above weekdays from Dec.1-Jan.3.
Algo traders used by bigger investors behind the trend.
Thin liquidity at weekends amplifies price swings.

Published 11 Jan, 2021 06:16pm

Business & Finance

Bitcoin hits one-week low as rising US yields dent rally

Bitcoin fell as far as $33,447, its lowest since Jan. 6. Ethereum which often moves in tandem with bitcoin, fell as much as 20% to a one-week low of $1,007.51.

Published 11 Jan, 2021 11:13am

Markets

Bitcoin emergence as 'digital gold' could lift price to $146,000: JPM

LONDON: Digital currency bitcoin has emerged as a rival to gold and could trade as high as $146,000 if it becomes...

Published 11 Jan, 2021 02:58am

Markets

Bitcoin on record-setting spree, jumps 5pc on day

The world's most popular digital currency slid to as low as $36,618.36 on Bitstamp exchange before bouncing back. Rival cryptocurrency ethereum rose 3% after sinking more than 10%.
We are seeing a continued demand spike driven largely by sustained and unprecedented institutional interest.

Published 08 Jan, 2021 07:21pm

Business & Finance

Bitcoin slides more than 5pc after topping $40,000 for first time

- Bitcoin has rallied more than 700% since a low in March.
It topped $30,000 for the first time on Jan. 2, after surpassing $20,000 on Dec. 16.

Published 08 Jan, 2021 09:51am

Business & Finance

Bitcoin breaks above $35,000 to touch new high

The world's most popular cryptocurrency crossed $20,000 for the first time ever on Dec. 16. Reuters

Published 06 Jan, 2021 01:01pm

Markets

Crypto trading volumes hit record $68.3bn on Monday

Bitcoin hit a record high $34,800 on Sunday, building on a 2020 rally that saw it more than quadruple as bigger US investors jumped into the market.
The second-biggest cryptocurrency, ethereum, which tends to trade in tandem with bitcoin.

Published 05 Jan, 2021 08:43pm

Markets

Bitcoin slumps, slamming brakes on New Year rally

Bitcoin falls as much as 14%.
Traders cite unwinding of highly leveraged futures positions.
Bitcoin hit record $34,800 on Sunday.

Published 04 Jan, 2021 05:32pm

Business & Finance

Bitcoin trades near Sunday record of $34,800 following 800% surge

Institutional investors see the potential for greater risk-adjusted returns compared to traditional investments, he said.

Published 04 Jan, 2021 09:33am

Business & Finance

Bitcoin touches record above $29,000, extending 2020 rally

The world's most popular cryptocurrency touched $29,300 before pulling back, most recently down 0.67pc at $28,774.36.

Published 01 Jan, 2021 12:58am

More weakness seen as dollar posts worst year since 2017

Markets

Big tech bets and cryptocurrencies power 2020's top U.S. funds

The Direxion Daily S&P Oil&Gas E&P 2X ETF fell 97.3% for the year, followed by the Direxion Daily Junior Gold Miners Bear 2X ETF, which tumbled 95.5% for the year.

Published 28 Dec, 2020 12:26pm

Business & Finance

Total crypto fund inflows top $5 billion this year, up more than 600% - report

Interest in cryptocurrencies skyrocketed this year as investors saw bitcoin as a hedge against inflation and as an alternative to the depreciating dollar.

Published 22 Dec, 2020 09:37am

Markets

Bitcoin slumps 6pc as new COVID-19 strain upsets wider markets

The cryptocurrency was last down 5.5% at $22,156 after hitting a record $24,298.04 on Sunday.
Smaller coins like ethereum and XRP, which usually trade in tandem with bitcoin, fell 5.9% and 9.2% respectively.

Published 21 Dec, 2020 06:37pm

Business & Finance

Tesla's Elon Musk asks about converting "large transactions" to bitcoin

Shares of Tesla rose to a record high on Friday in a frantic day of trading as investors geared up for the electric carmaker's much anticipated entrance into the benchmark S&P 500 index on Monday.

Published 21 Dec, 2020 10:25am

Markets

Dollar consolidates losses after week-long drubbing

The dollar index recovered on the day and was last up 0.2pc just short of 90, but remained on track for a fall of 1pc over the week. It had reached its lowest in more than two years at 89.723 on Thursday.

Published 18 Dec, 2020 04:57pm

Markets

Dollar consolidates losses after week-long drubbing

The dollar rebounded as much as half a percent against the yen to 103.595 yen but remains 0.5pc down versus the Japanese currency for the week.

Updated 18 Dec, 2020 05:03pm

Markets

Dollar gets global beating as stimulus, Brexit boost risk appetite

The dollar index fell as low as 89.767 against a basket currencies, breaking below 90 for the first time since April 2018.

Published 17 Dec, 2020 08:35pm

Forex
World
Commodity

Currency	Rate
USD PKR Interbank Selling / Apr 30	278.40
USD PKR Interbank Buying / Apr 30	278.20
USD to Japanese Yen / Apr 30	156.75
USD to Swiss Franc / Apr 30	0.91
Pound Sterling to USD / Apr 30	1.25
Euro to USD / Apr 30	1.07

Stock	Volume
S&P 500 / Apr 29	5116.17
Nasdaq / Apr 29	15983.08
Dow Jones / Apr 29	38386.09
India Sensex / Apr 30	75020.21
Tokyo Nikkei / Apr 30	38337.50
Hang Seng / Apr 30	17733.21
FTSE 100 / Apr 30	8175.09
Germany DAX 30 / Apr 30	18100.97

Item	Value
Crude Oil USD/Barrel / Apr 30	82.43
Karachi Cotton PKR/37.32 KG / Apr 30	20000
Gold 10 Grams PKR / Apr 30	207390
Gold Spot USD/Ounce / Apr 30	2326.07
Cotton US¢/pound / Apr 30	80.48
Petrol/Litre / May 1	293.94

Gainers
Losers
Leaders

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▼ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▼ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▼ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▼ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▼ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▼ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▼ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▼ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▼ 0.00 (0.00%)

Stock	Price
786 Invest Ltd / May 1 786 Investments Limited(786)	5 ▲ 0.00 (0.00%)
AL-Abbas Sugar / May 1 Al-Abbas Sugar Mills Limited(AABS)	585 ▲ 0.00 (0.00%)
Agro Allianz / May 1 Agro Allianz Limited(AAL)	16 ▲ 0.00 (0.00%)
AL-Abid Silk / May 1 Al-Abid Silk Mills Limited(AASM)	3.49 ▲ 0.00 (0.00%)
Ali Asghar / May 1 Ali Asghar Textile Mills Limited(AATM)	2.07 ▲ 0.00 (0.00%)
Allied Bank / May 1 Allied Bank Limited(ABL)	87.10 ▲ 0.00 (0.00%)
Abbott Lab. / May 1 Abbott Laboratories (Pakistan) Limited(ABOT)	499.34 ▲ 0.00 (0.00%)
Abson Ind. / May 1 Abson Industries Limited(ABSON)	2.50 ▲ 0.00 (0.00%)
Alfalah ETF. / May 1 Alfalah Consumer Index ETF.(ACIETF)	9.84 ▲ 0.00 (0.00%)

Stock	Volume
P.I.A.C.(A) / May 1 Pakistan International Airlines Corp(PIAA)	47,200,500 ▲ 0.00
Cnergyico PK / May 1 Cnergyico PK Limited(CNERGY)	29,719,327 ▲ 0.00
Pak Petroleum / May 1 Pakistan Petroleum Limited(PPL)	21,170,581 ▲ 0.00
Pak Refinery / May 1 Pakistan Refinery Limited(PRL)	16,965,134 ▲ 0.00
The Searle Co. / May 1 The Searle Company Limited(SEARL)	15,793,227 ▲ 0.00
P.T.C.L. / May 1 Pakistan Telecommunication Company Ltd(PTC)	15,054,641 ▲ 0.00
K-Electric Ltd. / May 1 K-Electric Limited(KEL)	14,145,556 ▲ 0.00
WorldCall Telecom / May 1 Worldcall Telecom Limited(WTL)	13,158,668 ▲ 0.00
Telecard Limited / May 1 Telecard Limited(TELE)	12,358,668 ▲ 0.00

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