
Bitcoin drops below US$20,000 as crypto selloff quickens
The last time bitcoin was at this level was in November 2020.
The last time bitcoin was at this level was in November 2020.
The index ended the week down nearly 5 per cent.
NZ shares prices are sharply weaker after another bad day on Wall Street.
The NZ sharemarket staged a relief rally after the Federal Reserve's announcement.
Boeing and Netflix shares both performed strongly.
Buyers moved from the sideline and steadied the local market.
NZX50 continued its downward trend yesterday, some indices recovered overnight.
Most shares suffered as bear market returned for second time in two years.
Major cryptocurrency lender effectively fails, citing 'extreme market conditions'.
New Zealand's benchmark equity index suffered a sharp drop.
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Three parties are said to be interested in the business.
The Australian reserve bank's dramatic 50-basis point hike flowed into NZ's market again.
NZX data showed the value of share trades across the exchange in May was $3.87 billion.
New Zealand's benchmark share index rose with US markets.
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New Zealand's main share index rose 64.89 points, or 0.6 per cent.
The market downturn will test new investors' tolerance for risk.
The S&P/NZX 50 Index rose 80 points, or 0.7 per cent.
Bitcoin was down 0.5 per cent while Ethereum fell 4.9 per cent.
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The S&P/NZX 50 Index dropped from its higher perch following the OCR hike.