On the latest Crypto Rus show, host George talked about Bitcoin’s recent big wins and said it hit another all-time high today, breaking its record easily. Even though it went up and down a bit, Bitcoin keeps climbing, showing it’s tough even when the market gets shaky. With Bitcoin’s relentless climb to new highs and […]
Category: Stocks Watch
Bitcoin price consolidation preps NEAR, APT, RNDR and MKR for more upside
It was a wild week for Bitcoin, which rose to a new all-time high of $73,777 but then quickly gave back all its gains and dropped near $64,500. As of publication time, Bitcoin is on track to end the week down marginally by about 1% over the previous week’s close. Analysts anticipate a shallow correction […]
Oil prices rise on tighter supply, geopolitical risks
Oil prices ticked up in early Asian trading on Monday, firming up gains from last week when prices rose nearly 4% on the view that supply was tightening. Brent crude oil futures for May delivery inched up 3 cents to $85.37 a barrel by 0045 GMT. The April contract for U.S. West Texas Intermediate (WTI) […]
Japan’s Nikkei 225 leads gains in Asia markets ahead of BOJ meeting; China shares rise after data
Japan’s Nikkei 225 index led gains in Asia-Pacific markets on Monday, while China shares extended gains after data showed its economy kicked off the year on a strong note. The U.S. Federal Reserve will start its Federal Open Market Committee meeting on Tuesday. A Reuters poll of economists is expecting the Fed to hold its […]
Tesla has chance to ‘grow their market share even more’ thanks to EV startups faltering and legacy automakers focusing on hybrids
Tesla has had a rough 2024, with its shares down 34% year to date. But the electric-vehicle space in general is having a difficult time, and, relatively speaking, Elon Musk’s carmaker is sitting pretty, believes one industry observer. CFRA automotive analyst Garrett Nelson, speaking to Fox Business this week, noted that Tesla rival Fisker recently […]
Gold Investors Aren’t Switching Into Bitcoin, JPMorgan Says
Institutional investors and individuals have been buying both gold and bitcoin (BTC) this year, not switching between the two, as some analysts have postulated, JPMorgan (JPM) said in a research report on Thursday. Outflows from gold exchange-traded funds (ETFs) and a surge in bitcoin ETF inflows raised the possibility that investors were shifting from the precious metal into the […]
From Wall Street to Chicago, why stock exchanges ring bells
The New York Stock Exchange opens every workday morning at 9:30 am ET with the fast-paced bang-clang of a gleaming brass bell. The stock exchange, the largest in the world by market capitalization, has opened with sonic fanfare for more than 150 years. The sound, so iconic it is trademarked, reverberates across the trading floor […]
Bitcoin may start to lose its reputation as a volatile asset. Here’s why
Bitcoin may start to lose its reputation as a volatile asset. According to Bitwise Asset Management’s Matt Hougan, the cryptocurrency’s wild price swings have come down substantially over the past decade. “What’s driving the bitcoin market right now is a simple demand-supply imbalance,” the firm’s chief investment officer told CNBC’s “ETF Edge” on Monday. “We […]
Gold, bitcoin and stocks hit record highs this week. Then came inflation data
Stocks started the week on a high note but ended with a whimper. The S&P 500 index on Tuesday reached a record high close for the 17th time this year, as investors shrugged off a higher-than-expected 3.2% annual rise in consumer prices and cheered a cooldown in some categories like food prices. Stocks weren’t the only winners. […]
Stock market today: Stocks slip for a second week as inflation data clouds rate-cut bets
Stocks finished lower on Friday, notching a second consecutive losing week for Wall Street, as investors weighed the impact of hot inflation prints on the Federal Reserve’s policy decision next week. The S&P 500 (^GSPC) lost 0.7%, while the Dow Jones Industrial Average (^DJI) shed 0.5% or nearly 200 points. The tech-heavy Nasdaq Composite (^IXIC) […]
Why Qatar’s $500B Bitcoin investment is highly unlikely
Rumors of a massive Bitcoin purchase from the Qatar Investment Authority (QIA) are unlikely to materialize, a local financial executive told Cointelegraph. The speculation was spread by Bitcoin enthusiasts on X (formerly Twitter) over the past weeks, suggesting Qatar’s sovereign wealth fund could soon add $500 billion in BTC to its portfolio. However, the probability of such […]
Bitcoin shows its volatility once again in steep overnight decline, now back below $70,000
Bitcoin suffered a steep drop in overnight trading, showing that the world’s largest cryptocurrency hasn’t shaken its tendency for big drops despite continuing to gain acceptance within the mainstream financial world. Data from Coin Metrics shows bitcoin was trading above $72,000 late Thursday night before falling to about $67,000 on Friday, a decline of roughly […]