Author: Anthony M. Orbison

contributor Posted: December 20, 2024 XRP has declined by 2.82% over the past 24 hours. Ripples whales buy 110 million XRP tokens worth $242 million. Over the past 24 hours, the crypto market has experienced strong downward pressure.  With most altcoins declining following BTC’s drop to $95k, XRP was not spared. Over this period, Ripple’s [XRP] has experienced a sharp decline, hitting a low of $2.15. This drop has created a buying opportunity among investors, especially whales. As such, whales have turned to buying the dip. Ripple whales buy the dip In his analysis, Ali Martinez observed that Ripple’s whales…

Unlock the Editor’s Digest for freeRoula Khalaf, Editor of the FT, selects her favourite stories in this weekly newsletter.Novo Nordisk’s shares fell sharply on Friday as disappointing results from tests of its latest obesity drug wiped about €90bn off the valuation of Europe’s largest company by market capitalisation. CagriSema helped patients lose an average of 22.7 per cent of their body weight in a late-stage trial, Novo Nordisk said on Friday, only marginally beating the results of Mounjaro, a rival treatment from Eli Lilly. Novo Nordisk had targeted an average of 25 per cent weight loss from its new drug.Martin…

Investing.com — US stock fell Friday as the threat of a US government shutdown increased, and as investors awaited the release of key inflation data. Here are some of the biggest premarket US stock movers today: FedEx (NYSE:) stock soared 6.7% after the delivery giant reported better-than-expected earnings in the fiscal second quarter, while also announcing that it’s planning on spinning off its freight business. Nike (NYSE:) stock slumped 7.4% after the sportswear retailer flagged “severe issues” in its guidance, despite second-quarter results topping expectations. Novo Nordisk (NYSE:) stock plunged 18% after the drugmaker said its experimental next-generation obesity drug…

Elon Musk’s favorite cryptocurrency, Dogecoin (DOGE), has been one of the best-performing assets this year. The OG meme coin recorded a nearly 250% uptick throughout the past 12 months. Despite this, DOGE sadly remains 60% below its all-time high of $0.737. Just as the asset was witnessing a rise, the latest downfall caused a carnage in the market. Can the meme coin still end the year on a bullish note?Also Read: Bollinger Bands Predict Explosive Bitcoin Surge: Could BTC Skyrocket?Looking Into Dogecoin’s Latest BloodshedEarlier this month, Dogecoin was trading at a high of $0.4761. The OG meme coin was trading…

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Check back for updates throughout the trading dayU.S. equity futures slumped lower in early Friday trading, putting the three major benchmarks on pace for their worst week of the year, as investor retreated from risk markets amid the ongoing political chaos in Washington. Updated at 6:32 AM ESTNovo Nordisk’s loss …… Is Eli Lilly’s  (LLY)  gain. Shares in the drugmaker surged in early trading after its Danish rival published data on its new experimental anti-obesity drug that missed its own targets.Novo Nordisk said patients using CagriSema lost around 22.7% of their body weight using the new treatment compared to the group’s…

A widely followed cryptocurrency analyst and trader is saying that an altcoin in the Solana (SOL) ecosystem is at a critical juncture. The analyst pseudonymously known as Sherpa tells his 234,700 followers on the social media platform X that the memecoin Popcat (POPCAT) is at a “do-or-die” level. Based on Sherpa’s POPCAT chart, it appears that the Solana-based memecoin has formed a head and shoulders pattern on the daily time frame and could plunge if the support level fails to hold. A head and shoulders pattern is typically considered a bearish pattern in technical analysis. Source: Sherpa/X POPCAT is trading…

By Jeslyn Lerh SINGAPORE (Reuters) -Oil prices fell on Friday on worries about demand growth in 2025, especially in top crude importer China, putting global oil benchmarks on track to end the week down nearly 3%. Brent crude futures (BZ=F) fell by 33 cents, or 0.45%, to $72.55 a barrel by 0730 GMT. U.S. West Texas Intermediate crude futures eased 32 cents, or 0.46%, to $69.06 per barrel. Chinese state-owned refiner Sinopec said in its annual energy outlook released on Thursday that China’s crude imports could peak as soon as 2025 and the country’s oil consumption would peak by 2027…

By Nicholas P. Brown and Ananya Mariam Rajesh (Reuters) – Nike (NYSE:)’s new CEO Elliott Hill warned of a long road to sales recovery for the sportswear giant, but the veteran executive’s plan to turn the spotlight on sports like basketball and running, allayed some investor worries. The company said on Thursday it was expecting third-quarter revenue to drop to low double digits after the embattled sportswear seller’s quarterly results beat market estimates. Hill, in his first public address as CEO on the post-earnings call, said Nike had “lost its obsession with sport” and vowed to put it back on…

Ethereum price declined to a critical support level as cryptocurrencies experienced a sharp pullback following the Federal Reserve’s hawkish interest rate announcement. Ethereum (ETH) slipped to $3,540, marking a 10% drop from its peak earlier this week. This retreat coincided with the sell-off of other coins like Bitcoin (BTC) and Solana (SOL). Despite the price drop, Ethereum’s fundamentals remain strong. Notably, Ethereum Exchange-Traded Funds have seen steady inflows, now totaling over $2.46 billion. These inflows have increased for 18 consecutive days, reflecting growing interest from investors. Ethereum ETFs are gaining traction as investors anticipate the SEC may soon allow staking…