Homemarket News

    More drops in Big Tech pull stocks lower; Bitcoin drops 20%

    More drops in Big Tech pull stocks lower; Bitcoin drops 20%

    More drops in Big Tech pull stocks lower; Bitcoin drops 20%
    Profile image

    By PTI  IST (Published)

    US stocks are opening broadly lower, extending a weak streak into a third day. The price of Bitcoin dropped another 20 per cent Wednesday, extending a sharp pullback in crypto assets over the past month, after China's banking association issued a warning over the risks associated with digital currencies.
    Big Tech companies extended their declines on Wall Street. Amazon, Apple and Microsoft each fell more than 1 per cent. Coinbase, a cryptocurrency exchange operator that had an IPO last month, dropped 8 per cent. The drop in Bitcoin follows a recent reversal by longtime Bitcoin advocate Tesla, which now says it will no longer accept Bitcoin as payment for cars.
    Check out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!
    arrow down

      Most Read

      Market Movers

      View All
      CompanyPriceChng%Chng