KUALA LUMPUR, Nov 5 (Bernama) -- Bursa Malaysia closed higher, buoyed by Bank Negara Malaysia’s (BNM) decision to maintain the Overnight Policy Rate (OPR) at 2.75 per cent, alongside positive cues from Wall Street. At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) rose 19.30 points, or 1.19 per cent, to 1,635.86 from Wednesday’s close of 1,616.56. The benchmark index opened 6.72 points higher at 1,623.28, and fluctuated between an intraday high of 1,642.44 and a low of 1,622.62 during the trading session. However, market breadth was negative, with losers outnumbering gainers 723 to 497, while 466 counters were unchanged, 1,075 untraded and 10 suspended. Turnover rose to 3.74 billion units valued at RM3.61 billion compared with yesterday’s 2.81 billion units valued at RM2.57 billion.
Bitcoin’s Rally Stalls Amid Market Uncertainty Bitcoin (BTC/USD) hit an all-time high of $109,225 on Jan. 20 following Trump’s inauguration, fueled by hopes of deregulation and a U.S. bitcoin reserve . Since then, BTC has fallen over 20% to $87,080 , with a 7.3% drop on Tuesday alone . Support levels now sit at $70,000 - $75,000 , according to market analysts. What’s Driving the Decline? Regulatory Uncertainty: Optimism over a Trump-led pro-crypto environment has been priced in, but no concrete policy changes have materialized . A crypto working group has been formed but won’t submit recommendations for another 180 days . Scandals & Hacks: Argentina’s President Javier Milei faced backlash after a meme coin he promoted, Libra , crashed. Bybit, a top crypto exchange, suffered a $1.4 billion hack , raising security concerns. Trump’s Trade Policies & Inflation Fears: New tariff threats —especi...