Sliding into the new week

By: Miguel A. Rodriguez

10:55, 18 May 2021

Bitcoin and Ethereum usage fees drop by up to 80% as market slide continues.
  • European #stocks dipped after staging a sharp recovery late last week, as underwhelming Chinese data and a resurgence of COVID-19 cases in some Asian countries outweighed optimism over the reopening of the British economy.
  • Usage costs are falling on #Bitcoin and #Ethereum after both coins marked all-time highs for transaction fees and market valuations during the recent rally.
  • Alibaba's cloud unit saw slower revenue growth due to the loss of a customer rumoured to be #TikTok owner #ByteDance, as #Alibaba posted its first quarterly loss as a listed company.

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