Altcoin market continues to rise
The majority of cryptocurrencies climbed over the past 24 hours, as the overall positive momentum continued in the market. Bitcoin was the only top 10 crypto to register losses, slipping slightly below the $8,000 mark. Ethereum was up around 14% at the time of writing, reaching price levels not seen since September of last year. Despite experiencing some technical issues, the Bitcoin Cash hard fork has concluded on the BCH blockchain yesterday, and the crypto is now available again on the eToro platform.
Today’s highlights: US markets continue to climb
- Wall Street closes higher: US markets registered gains for the second session in a row yesterday, after the Trump administration decided to delay implementing new tariffs on European auto imports by six months. The tech sector showed strong performance, as Google and Facebook each rose by more than 3%.
- Trump declares national IT emergency: The US President signed an executive order to protect his country from foreign IT threats. The decision could impact the cybersecurity market. On eToro, clients can invest in this market through the Cybersecurity CopyPortfolio.
Stocks earnings releases on 16/05/2019
Stocks earnings releases on 17/05/2019
Earnings season continues: To follow upcoming earnings reports, go to eToro’s Earnings Reports Calendar. Please note that maximum leverage for CFD stocks will be limited to X5 one day ahead of earnings report releases. X10 leverage will be available again soon after the report is published.
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