Bitcoin fell 5.6% against the dollar on Tuesday, after hitting a record high earlier in the day.(Reuters/ Representational photo)
Bitcoin fell 5.6% against the dollar on Tuesday, after hitting a record high earlier in the day.(Reuters/ Representational photo)

Bitcoin slumps more than 5% in volatile trade

The world’s most popular cryptocurrency was last down 4.1% at $18,880 in a volatile trading session.
By Reuters| Posted by Mallika Soni | Reuters
PUBLISHED ON DEC 01, 2020 07:15 PM IST

Bitcoin fell 5.6% against the dollar on Tuesday, after hitting a record high earlier in the day.

The world’s most popular cryptocurrency was last down 4.1% at $18,880 as of 1241 GMT in a volatile trading session.

Bitcoin has gained 165% this year, fuelled by demand for riskier assets amid unprecedented fiscal and monetary stimulus, hunger for assets perceived as resistant to inflation, and expectations that cryptocurrencies will win mainstream acceptance.

SHARE THIS ARTICLE ON
Topics
app
Close
A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 13, 2021. Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol. (AP Photo/Koji Sasahara)(AP)
A man walks by an electronic stock board of a securities firm in Tokyo, Wednesday, Jan. 13, 2021. Asian stock markets were mixed Wednesday after Wall Street rebounded, shrugging off uncertainty about a possible new attempt to impeach President Donald Trump over last week's attack on the U.S. Capitol. (AP Photo/Koji Sasahara)(AP)

Global stocks soured by Wall Street sell-off and 'vaccine nationalism'

Reuters
PUBLISHED ON JAN 28, 2021 03:10 PM IST
Wall Street on Wednesday suffered its biggest one-day percentage drop in three months as the S&P500 index and Nasdaq Composite fell 2.6%.
Close
Toyota cars at a dealership in West London are pictured as it remains closed during lockdown following the outbreak of Covid-19. (REUTERS)
Toyota cars at a dealership in West London are pictured as it remains closed during lockdown following the outbreak of Covid-19. (REUTERS)

Toyota unseats Volkswagen to become the world’s top-selling automaker

Bloomberg
PUBLISHED ON JAN 28, 2021 02:42 PM IST
Toyota’s group sales, which include those of its subsidiaries Daihatsu Motor Co. and Hino Motors Ltd., for the year were 9.53 million units, the company said Thursday.
Close
Airbus and Boeing declined to comment, saying the WTO report is currently confidential.(Reuters file photo)
Airbus and Boeing declined to comment, saying the WTO report is currently confidential.(Reuters file photo)

Boeing gets US government approval to offer F-15EX to India

Reuters
PUBLISHED ON JAN 28, 2021 02:01 PM IST
Ankur Kanaglekar, director, India Fighters Lead, Boeing Defense, Space & Security, said discussions on the F-15EX had taken place earlier between the two governments.
Close
FILE PHOTO: A man stands in front of a wall of iPhones cases in the new Apple flagship store on its opening day in Sanlitun in Beijing, China, July 17, 2020. REUTERS/Thomas Peter/File Photo(REUTERS)
FILE PHOTO: A man stands in front of a wall of iPhones cases in the new Apple flagship store on its opening day in Sanlitun in Beijing, China, July 17, 2020. REUTERS/Thomas Peter/File Photo(REUTERS)

Apple logs record quarterly smartphone shipments, Huawei in freefall

Reuters
PUBLISHED ON JAN 28, 2021 02:01 PM IST
Huawei Technologies Co Ltd, unsurprisingly, suffered the most pain, with shipments tumbling a record 42.4% to 32.3 million.
Close
Gold demand in value terms in 2020, witnessed a decline of 14% and stood at <span class='webrupee'>₹</span>1,88,280 crore, compared to <span class='webrupee'>₹</span>2,17,770 crore in 2019, according to the WGC data. (Representative Image)(HT Photo)
Gold demand in value terms in 2020, witnessed a decline of 14% and stood at 1,88,280 crore, compared to 2,17,770 crore in 2019, according to the WGC data. (Representative Image)(HT Photo)

India's gold demand down 35% in 2020; rebound in 2021 likely

PTI
PUBLISHED ON JAN 28, 2021 01:21 PM IST
India's gold demand fell by 35.34% to 446.4 tonne in 2020. In 2019, the total gold demand was 690.4 tonne, according to the WGC's 2020 Gold Demand Trends report.
Close
A customer looks at automobiles.(Bloomberg)
A customer looks at automobiles.(Bloomberg)

Auto sector going through long-term structural slowdown: SIAM

PTI
PUBLISHED ON JAN 28, 2021 01:15 PM IST
The auto industry has been facing headwinds even before the Covid-19 pandemic derailed the entire sector last year, a research conducted by the Society of Indian Automobile Manufacturers (SIAM) has revealed.
Close
A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)
A GameStop store in Emeryville, California, U.S., on Wednesday, Jan. 27, 2021. GameStop Corp.'s�breathtaking ascent showed no sign of slowing Wednesday, with bullish day traders keeping the upper hand over short sellers who started to capitulate. Photographer: David Paul Morris/Bloomberg(Bloomberg)

What is GameStop? All you need to know about Reddit-driven stock market play

By hindustantimes.com | Written by Deepali Sharma, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 12:02 PM IST
Amateur or small retail investors with their 'dumb money' are playing the real game on Reddit under a community named wallstreetbets.
Close
TikTok is among the 59 Chinese apps that have been banned. (File photo)
TikTok is among the 59 Chinese apps that have been banned. (File photo)

Chinese app TikTok cuts jobs in India following ban

AP, New Delhi
PUBLISHED ON JAN 28, 2021 11:33 AM IST
  • China says New Delhi has been using national security as an excuse to prohibit Chinese mobile apps.
Close
On Friday, the rupee had settled at 73.11 against the American currency. Representational image.(Getty Images/iStockphoto)
On Friday, the rupee had settled at 73.11 against the American currency. Representational image.(Getty Images/iStockphoto)

Rupee falls 21 paise to 73.13 against US dollar in early trade

PTI, Mumbai
PUBLISHED ON JAN 28, 2021 10:45 AM IST
At the interbank forex market, the domestic unit opened at 73.13 against the US dollar, registering a fall of 21 paise over its previous close.
Close
HDFC Bank and Housing Development Finance Corp were the top drags to the Nifty 50 index, falling 2.5% and 2.2%, respectively.(Bloomberg)
HDFC Bank and Housing Development Finance Corp were the top drags to the Nifty 50 index, falling 2.5% and 2.2%, respectively.(Bloomberg)

Shares slump to over one-month low as banks slid

Reuters, Bengaluru
PUBLISHED ON JAN 28, 2021 10:05 AM IST
Shares of Axis Bank dropped as much as 2.6% after its third-quarter profit slumped due to a surge in provisions for bad loans
Close
Representational image. (REUTERS)
Representational image. (REUTERS)

Delhi HC to hear Amazon plea to detain Future Group founders today

By HT Correspondent | Edited by Zara Khan
UPDATED ON JAN 28, 2021 11:53 AM IST
In its plea, Amazon has sought enforcement of the Singapore arbitrator’s ruling in October against its partner Future’s 24,713 crore deal with Reliance
Close
Sensex opened in red on Thursday. (PTI Photo)
Sensex opened in red on Thursday. (PTI Photo)

Indian shares slump to over one-month low as banks slide

By hindustantimes.com
UPDATED ON JAN 28, 2021 09:58 AM IST
The blue-chip Nifty was down 0.82% at 13,853.25 by 0347 GMT, after falling as much as 1.2% to its lowest level since Dec. 24. The benchmark Sensex slid 0.92% to 46,973.28.
Close
Tesla has given the cars all-new interiors, with updated screens and climate controls.(AP File Photo )
Tesla has given the cars all-new interiors, with updated screens and climate controls.(AP File Photo )

Tesla’s Model S Plaid is fastest-accelerating production car

Bloomberg
PUBLISHED ON JAN 28, 2021 06:22 AM IST
Tesla says Model S Plaid is capable of 0-60 in less than 2 seconds, claiming in the earnings presentation that it’s the fastest-accelerating production car in the world.
Close
Union minister for information and broadcasting Prakash Javadekar said the MSP of milling copra is higher by 52 per cent than the production cost, while the support price of ball copra is 55 per cent higher.(iStock/HT Archive)
Union minister for information and broadcasting Prakash Javadekar said the MSP of milling copra is higher by 52 per cent than the production cost, while the support price of ball copra is 55 per cent higher.(iStock/HT Archive)

Cabinet clears hike in MSP for Copra

By HT Correspondent, Hindustan Times, New Delhi
PUBLISHED ON JAN 28, 2021 06:16 AM IST
  • Copra is the dried coconut kernel from which coconut oil is pressed.
Close
Speaking at a news conference, Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.(Reuters File)
Speaking at a news conference, Powell made clear his belief that the economy will struggle in the coming weeks and months, until widespread vaccinations and government rescue aid eventually fuel a sustained rebound.(Reuters File)

Federal Reserve stresses its commitment to low rates as US economy stumbles

AP, Washington
PUBLISHED ON JAN 28, 2021 05:58 AM IST
The Fed said in a statement after its latest policy meeting that hiring and economic growth had slowed, particularly in industries affected by the raging pandemic, notably restaurants, bars, hotels and others involving face-to-face public contact.
Close
SHARE
Story Saved
OPEN APP