Intel will cut staff, halt dividend payments and revise earnings forecasts downward. Intel shares lost 28 percent of their value with these developments.
Bitcoin, on the other hand, is rising due to the decrease in the effects of the fear bubble and the positive impact of employment data. While Bitcoin price exceeds $65,450, Intel shares are falling like a meme coin. As Intel's losses approach 30 percent, this deepens the decline in US markets. Intel's losses are recorded as the fastest decline in the last 40 years. Questions arise about the reason for Bitcoin's rise and the future direction of cryptocurrencies.
Bitcoin ve Intel:
Intel, the world's largest chip manufacturer, lost approximately 30 percent of its value today, bringing its five-day loss to exactly 33 percent. When the company announced its first quarter earnings report, it announced that it would reduce staff by 15 percent and stop dividend payments. After these statements, Intel shares fell in pre-market and post-opening transactions. Losses are at their highest level in 40 years.
The decline in Intel's shares is not only related to revenues falling short of expectations, but also to the fact that expectations for the quarter were revised downwards. Intel, which is downsizing, stopping dividend payments and falling earnings, is naturally losing value. This caused INTC shares to fall by 28 percent to $20.8. The company's 54-week high was $51.28.
Reasons for Bitcoin's Rising:
There are many reasons why Bitcoin is rising. First of all, there is a growing belief that Iran will not be able to respond to escalate tensions. If Iran does not mobilize its drones over the weekend or provides a limited response, the fear bubble could deflate further and markets could get off to a better start on Monday.
The employment data released today significantly increased the probability of the Fed making a 50 basis point interest rate cut in September, and this probability exceeded 70 percent. These factors stand out as catalysts that have contributed to the price movements of just the last few hours.
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