Bitcoin Falls 3.6% to $80,764, Drops Below $81,000
Bitcoin fell 3.6% over 24 hours to $80,764 as of 11:50 p.m. ET Wednesday, alongside declines in Asian equities. Ether fell 6.5%.
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Bitcoin Falls Below $81,000 in Asia
France bond selloff deepens as spreads widen
French government bonds are being priced more like peripheral debt as the OAT-Bund spread moves above 140 basis points, according to Federated Hermes' Mitch Reznick. Investors are also focused on France's high debt, large deficit, increased supply and political uncertainty ahead of the presidential election.
Dollar Seen Trading Around 4.08-4.10 Ringgit Next Week
Kenanga economists expect the dollar to trade between 4.08 and 4.10 ringgit next week, with risks tilted toward further ringgit weakness. They said U.S. inflation data, Fed rate expectations, Malaysia’s Budget 2027 and geopolitical risks may influence the pair.
Asian currencies mostly consolidate ahead of U.S. data
Most Asian currencies were little changed against the dollar as investors waited for U.S. data, including the University of Michigan preliminary consumer sentiment reading. Traders were also watching Treasury yields and comments from Federal Reserve officials for clues on the policy outlook.
Goldman upgrades Palantir on AI software demand
Goldman Sachs upgraded Palantir to buy from neutral, saying the company is well placed to benefit from faster growth in bespoke software and sovereign AI. The firm also cited Palantir’s expansion in financial services, semiconductors, neoclouds and U.S. government work.
Bitcoin falls 2.6% as miners turn profitable again
CryptoQuant said bitcoin miners moved back into profitability in late August when bitcoin crossed $76,000, and that they are no longer dumping bitcoin to stay afloat. Bitcoin fell 2.6% to $81,272.
Walmart falls after Q2 results and soft Q3 guidance
Walmart shares fall around 10% after the retailer reports second-quarter adjusted EPS of 81 cents and sales of $187.9 billion, while third-quarter guidance comes in below estimates.