Dow Slides Below 26,000 While Another Dip Spooks Bitcoin
Josiah Wilmoth's original article for www.ccn.com reduced by 42%
The US stock market is quiet at the start of February's final trading session, with the Dow creeping higher following the opening bell. The bitcoin price has recovered above $3,800 while the cryptocurrency market braces for Ethereum's second attempt at activating its long-anticipated Constantinople hard fork. The S&P 500 edged 0.05 percent lower to close at 2,792.38, while the Nasdaq gained 0.07 percent and closed at 7,554.51.
Such conflicting positions have introduced yet another degree of uncertainty to the US stock market, and this confusion has resulted in several volatile trading sessions. Ethereum Hard Fork Scheduled to Activate at 3 pm ET. Traders should pay particular attention to Ethereum's Constantinople/St.
Crucially, the fork is not contentious, so it should not result in the creation of a splinter cryptocurrency, as was the case with the most recent Bitcoin Cash hard fork. The second-largest cryptocurrency is trading at $135, down about 1.18 percent for the 24-hour period.
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CN [too long; didn’t read]
Summarised crypto news.