Search results for Nasdaq Composite Index
Crypto
Bitcoin slides to $70,000 as whales and top traders raise long bets
Bitcoin slid to $70,000 on June 2, hitting a seven-week low as $276 million in leveraged long positions were liquidated. The drop came amid stronger risk-off sentiment tied to renewed U.S.-Iran military conflict, while derivatives markets showed large investors and market makers moving differently from the spot market. Top traders on Binance and OKX raised long exposure. Spot selling pressure was clear, and signs of capital outflows from crypto also emerged.
Finance
Potato derivatives post month\'s best return after 705 percent surge
Potato derivatives prices surged about 705 percent in less than a month, becoming the top-performing asset in global financial markets and outpacing cryptocurrencies, U.S. equities and oil. Data cited by BeInCrypto showed Bitcoin and Ethereum gained far less over the same period. Markets have pointed to geopolitical risk and supply-chain concerns, with Euronews reporting potato prices rose sharply per 100 kg.
Finance
Citadel Securities sees stock, bond rally as worst-case Iran risk fades
Citadel Securities said the likelihood of a worst-case scenario in the Iran conflict has fallen sharply and that both stocks and bonds could rise together. Nohshad Shah, head of EMEA fixed-income sales, said the risk has moved away from an extreme phase as the chance of a broader escalation declines. He said markets appear to be pricing in fewer tail risks. U.S. stock indexes also rose, with the S&P 500 gaining 1.02 percent.
