News

Cryptocurrencies experienced another bearish trend on Thursday, with declining trading activity and liquidity, except for XRP, which showed some resilience. Analysts highlight significant Bitcoin withdrawals, traders’ liquidations, and crucial support levels as indicators to watch amid market uncertainty.

Bitcoin and several cryptocurrencies experienced bearish trends, with substantial declines in large transactions, trader liquidations, and exchange withdrawals noted. Analysts emphasize key Bitcoin price levels as critical signals for market direction, while XRP emerges as the only cryptocurrency exhibiting relative strength.

DocuSign Inc. (DOCU) surpassed analyst expectations in its fourth-quarter earnings report, with revenue of $776.3 million and adjusted earnings per share of 86 cents. The company's strong performance was driven by growth in both subscription and professional services revenue, and it expects continued momentum in the coming year.

Ulta Beauty Inc. (ULTA) exceeded analyst expectations for the fourth quarter of fiscal year 2024, reporting revenue of $3.49 billion and earnings per share of $8.46. The company's comparable sales increased 1.5% year-over-year, driven by a 3% increase in average ticket and a 1.4% decrease in transactions.

Meta Platforms Inc. (META) shares experienced a significant decline on Thursday, mirroring the broader market weakness that impacted social media and technology stocks. This downturn was attributed to a confluence of factors, including tariff threats, weaker inflation data, and broader tech sector struggles.