Israel shares lower at close of trade; TA 35 down 1.04%
Source Investing
Investing.com – Israel equities were lower at the close on Tuesday, as losses in the Real Estate, Insurance and Financials sectors propelled shares lower.
At the close in Tel Aviv, the TA 35 lost 1.04% to hit a new 1-month low.
The biggest gainers of the session on the TA 35 were Ormat Technologies (TASE:ORA), which rose 3.74% or 1,040.00 points to trade at 28,830.00 at the close. Sapiens International Corporation NV (TASE:SPNS) added 1.73% or 230.00 points to end at 13,560.00 and NICE Ltd (TASE:NICE) was up 0.81% or 500.00 points to 61,990.00 in late trade.
Biggest losers included Ashtrom Group Ltd (TASE:ASHG), which lost 4.00% or 193.00 points to trade at 4,634.00 in late trade. Israel Corp (TASE:ILCO) declined 3.49% or 2,580.00 points to end at 71,400.00 and Electra Ltd (TASE:ELTR) shed 3.26% or 4,320.00 points to 128,290.00.
Declining stocks outnumbered rising ones by 347 to 105 and 87 ended unchanged on the Tel Aviv Stock Exchange.
In commodities trading, Crude oil for November delivery was up 1.32% or 0.91 to $69.93 a barrel. Meanwhile, Brent oil for delivery in November rose 1.03% or 0.75 to hit $73.50 a barrel, while the December Gold Futures contract fell 0.20% or 5.30 to trade at $2,603.60 a troy ounce.
USD/ILS was up 1.09% to 3.78, while EUR/ILS rose 1.06% to 4.21.
The US Dollar Index Futures was up 0.08% at 100.52.
Disclaimer: For information purposes only. Past performance is not indicative of future results.
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The downturn occurred despite the reopening of the U.S. government on Thursday, which many had hoped would provide essential support for crypto markets. This year initially appeared promising for cryptocurrencies, particularly after the inauguration of President Donald Trump, who has established the most pro-crypto administration thus far. However, ongoing political tensions—including Trump's tariff strategies and the recent government shutdown, lasting a historic 43 days—have contributed to several rapid price pullbacks for Bitcoin throughout the year.
Market dynamics are also being influenced by Bitcoin whales—investors holding large amounts of Bitcoin—who have been offloading portions of their assets, consequently stalling price rallies even as positive regulatory developments emerge. Despite these sell-offs, analysts from Glassnode argue that this behavior aligns with typical patterns seen among long-term investors during the concluding stages of bull markets, suggesting it is not indicative of a mass exodus.
Notably, Bitcoin is not alone in its struggles, as Ethereum and Solana have also recorded declines of 7.95% and 28.3%, respectively, since the start of the year, while numerous altcoins have faced even steeper losses.
Looking ahead, questions linger regarding the viability of the four-year cycle thesis, particularly given the increasing institutional support and regulatory frameworks now in place in the crypto landscape. Matt Hougan, chief investment officer at Bitwise, remains optimistic, suggesting a potential Bitcoin resurgence in 2026 driven by the “debasement trade” thesis and a broader trend toward increased adoption of stablecoins, tokenization, and decentralized finance. Hougan emphasized the soundness of the underlying fundamentals, pointing to a positive outlook for the sector in the longer term.
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