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Bitcoin likely to hit $10,000 than $30,000, finds survey

Bloomberg Wall Street expects the cryptocurrency’s crash to get a whole lot worse. The token is more likely to tumble to $10,000, cutting its value roughly in half, than it is to rally back to $30,000, according to 60% of the 950 investors who responded to the latest MLIV Pulse survey. Fourty percent saw it going the other way. Bitcoin ...

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Futures fall as dollar, bonds advance on haven demand

  Bloomberg US equity futures fall on Tuesday as the dollar and sovereign bonds rose, a pattern highlighting pervasive unease about the economic outlook amid high inflation and China’s struggles with Covid-19. S&P 500, Nasdaq 100 shed over 0.5% after a Wall Street slide. The Stoxx Europe 600 gauge slipped for a second day, though it pared the decline with ...

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China tech stocks enter correction as recent rebound fizzles out

  Bloomberg China’s tech stocks unwound recent gains to enter a technical correction on Tuesday, with analysts questioning if fresh probes on internet giants would spark another downturn in the sector. The Hang Seng Tech Index falls 2.1% after tumbling 3.9%, taking declines from a June peak to 11%. Alibaba Group Holding Ltd was among the biggest drags as it ...

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