The KUIK Closing Market Report for Tuesday, January 16:
Markets ended down after a strong open this morning.
Index
Direction
Change
Units
Index
Time
Change
Dow
Down
(10)
points
25,793
2:09 PM
S&P500
Down
-0.4%
percent
2,776
Nasdaq Composite
Down
-0.5%
percent
7,224
30 Year Treasury
Down
(2)
Basis Points
2.84
Annual Yield
The top 10 cryptocurrencies by market capitalization all had big drops today, according to CoinMarketCap.com data. Bitcoin is off 24% to $10,651, No. 2 Ethereum is down 27%, Ripple off 40% and bitcoin cash down 30%. The selloff follows reports that the South Korean Finance Minister said banning trading in virtual currencies was “a live option.” That has added to worries about a potential crackdown in the world’s third-largest crypto trading market.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
