Investment
Features
FeesSafety
Academy
More
Pluang+

FTSE 100 dips as JD Sports issues profit warning; Bitcoin rallies but cautious sentiment remains.

Market News
20 Aug 2026
Proactive Investors - Finance
View Source
Bearish
pluang ai news

The FTSE 100 index fell by 26 points to 10,717, weighed down by an 11% drop in JD Sports shares following a profit warning. Meanwhile, Bitcoin surged nearly 8% to around $69,500, its highest since June, driven by a White House meeting with crypto executives and Treasury bond buyback plans. Despite the rally, traders remain cautious as Bitcoin trades below its 200-day moving average and investor sentiment stays fearful. Asian markets rallied overnight, led by strong gains in South Korea's tech stocks, but concerns over US borrowing costs and upcoming Federal Reserve signals keep uncertainty alive.

More News (JD)

banner-footerbanner-footer

Invest & Trade with
#1 Award-Winning Investment Super App