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One of the hottest exchange-traded funds is sliding again, and the selloff may only get worse.
Dogecoin (DOGE-USD) has nearly doubled in value since April, rising over 50% after another surge driven by internet users who are trying to push the coin to $1, as similar plans for "Doge Day" fell flat last month.
Cocrystal Pharma stock doubles on massive volume shortly after progress on coronavirus drug candidates
Shares of Cocrystal Pharma Inc. COCP, +72.58% more than doubled on massive record volume in afternoon trading
It took Amazon 13 years to deliver a 10,000% return to investors. It has now taken Dogecoin five months. The cryptocurrency (DOGE-USD) hit a new all-time high of $0.60 on Tuesday, pushing Dogecoin's market cap north of $70 billion to become the fourth-most valued coin, according to Yahoo Finance's data partner CoinMarketCap. That's now larger than the market cap of Moderna, one of the companies shipping COVID-19 vaccines to save the world from the pandemic.
More than 4 million barrels in US crude supplies reports API
The American Petroleum Institute reported late Tuesday that U.S. crude supplies rose by 4.3 million barrels for the week ended April 23, according to sources. The data also reportedly showed gasoline stockpiles down by 1.3 million barrels, while distillate inventories declined by 2.4 million barrels. Crude stocks at the Cushing, Okla., storage hub, meanwhile, were up by 742,000 barrels for the week, sources said.
Inventory data from the Energy Information Administration will be released Wednesday. On average, the EIA is expected to show crude inventories down by 200,000 barrels, according to survey of analysts conducted by S&P Global Platts. It also forecast unchanged inventories of gasoline and a supply decrease of 1.2 million barrels for distillates. June West Texas Intermediate crude CLM21, +1.78% was at $63.09 barrel in electronic trading, compared with Tuesday’s settlement at $62.94 on the New York Mercantile Exchange.