Bloomberg Bitcoin’s tendency to move in tandem with technology stocks means the biggest cryptocurrency may slump to $30,000 by June, according to Arthur Hayes, the co-founder of crypto trading platform BitMEX. Hayes, in a blog post on Monday, also said the same dynamic could drive Ether to $2,500. The tokens traded at around $42,300 and $3,180, respectively, at 12:43 …

Bloomberg Oil retreated for a second week in the wake of plans for massive stockpile releases, a demand-sapping virus outbreak in China and a hawkish turn from the US Federal Reserve. West Texas Intermediate fell 1% this week, with the US benchmark giving back most of its gains since Russia invaded Ukraine in late February. Oil rallied to the highest …

  Bloomberg Britain’s unemployed face a further blow when the value of their welfare benefits is set to fall the most in half a century, according to new research. Analysis by the Joseph Rowntree Foundation shows the decline comes with the real value of out-of-work benefits already at historically low levels because the Treasury froze payouts or increased them by …