Bitcoin is on track for its worst monthly performance since a string of corporate collapses rocked the wider crypto sector in 2022. The largest cryptocurrency by market capitalization slid as much as 6.4% to $81,629 on Friday. Bitcoin has now shed about a quarter of its value in November, the most for a single month since June 2022, according to data compiled by Bloomberg.
US stocks were headed for their worst week since April as worries over lofty valuations deepened a pullback from the market’s most speculative corners, including technology shares and Bitcoin.
The Opening Trade has everything you need to know as markets open across Europe. With analysis you won’t find anywhere else, we break down the biggest stories of the day and speak to top guests who have skin in the game. Hosted by Guy Johnson, Kriti Gupta and Valerie Tytel.
Chapters:
00:00:00 – The Opening Trade
00:03:44 – Global Stocks Tumble
00:06:58 – Fed Rates
00:09:57 – Japan Yen Intervention
00:10:57 – UK Budget Deficit
00:13:41 – Germany Push to Let UK Join EU Defense Fund
00:14:27 – Zelenskiy, Ukraine Peace Plan
00:17:11 – US Unemployment Hits Four-Year High
00:22:39 – AI Valuation Fears
00:26:26 – Japan Large Scale Stimulus Plan
00:29:23 – Bitcoin to USD
00:38:51 – Global Flash PMIs
00:45:48 – S&P Futures
00:47:48 – Stocks to Watch: Defense Stocks, Tech, Ubisoft
01:03:44 – Crypto Market Extends Slide
01:08:58 – Japan’s Takaichi Unveils Fiscal Boost
01:14:56 – Stoxx 600 Worst Week Since April
01:19:25 – ECB’s Largarde Keynote Speech
01:26:37 – European Inaction on Reform Would Be Irresponsible Lagarde
01:36:19 – Zelenskiy Reviews Ukraine Peace Plan
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More on Bloomberg Television and Markets
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