If you’ve ever wanted to trade cryptocurrency, you might notice something different about the market hours: There aren’t any. Cryptocurrencies don’t need to be traded on any type of central exchange because they operate on the blockchain, making them available for buying and selling 24/7, 365 days a year. Here’s a look at how crypto market […]
Bitcoin (BTC), the largest token by market capitalization, is currently around the $92,000 price mark, up over 115% year-to-date. At the same time, the total cryptocurrency market has just breached $3.025 trillion, a new all-time high according to the metric TOTAL on TradingView. The market perceives bitcoin as a risk-on asset; one of the riskiest assets in the […]
US stocks were mixed on Monday as Tesla (TSLA) shares resumed a post-election rally and investors looked ahead to Nvidia (NVDA) earnings to test the health of the AI trade. The Dow Jones Industrial Average (^DJI) fell 0.2%, while the S&P 500 (^GSPC) was up 0.4%. The tech-heavy Nasdaq Composite (^IXIC) rose 0.6%, buoyed by […]
Michael Saylor’s unorthodox decision to hold Bitcoin (BTC-USD) instead of cash on MicroStrategy Inc.’s (MSTR) books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets. Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen. The Tysons Corner, Virginia-based firm’s […]
The feverish post-election stock market rally came to a screeching halt last week. For the week, the S&P 500 (^GSPC) fell more than 2%, while the Dow Jones Industrial Average (^DJI) shed more than 500 points or nearly 1.3%. The tech-heavy Nasdaq Composite (^IXIC) sank over 3%. Two firm inflation readings and commentary from Federal […]
For many investors, Bitcoin has become the “digital gold” of the cryptocurrency universe in recent years—a reliable store of wealth. Though Bitcoin’s position is stable, some rival cryptocurrencies—known as altcoins—offer amazing potential for quick expansion and are still priced at less than $10. Altcoins can provide special chances for investors looking to maximize gains in […]
A U.S. stock rally fueled by Donald Trump’s election victory is stumbling, as investors contend with everything from renewed inflation worries to uncertainty over the impact of the president-elect’s policies. The S&P 500 fell 2% in the past week, erasing more than half its gains from a post-election surge fueled in part by optimism over […]
Bitcoin BTC$90,525 risks “short-term issues” on its route to six figures — including a correction to nearly $70,000. In one of its Quicktake market updates on Nov. 16, onchain analytics platform CryptoQuant said BTC price action may see some “healthy cooling.” BTC price analysis considers “healthy cooling” Bitcoin continues to circle $90,000 as week-to-date gains approach 13% into the […]
There is rising speculation the tiny South American country of Suriname will emerge as the next Guyana. After years of speculation surrounding the former Dutch colony’s petroleum potential, with discoveries in neighboring offshore Guyana pointing to the deeply impoverished country possessing billions of barrels of crude, the first oil recently took a big step closer. The joint […]
President-elect Donald Trump said on Saturday that oil and gas industry executive Chris Wright, a staunch defender of fossil fuel use, would be his pick to lead the Department of Energy. Wright is the founder and CEO of Liberty Energy, an oilfield services firm based in Denver. He is expected to support Trump’s plan to […]
Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin BTC$89,909 arms race between sovereign nations and governments has already started. In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest of […]
Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls. So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?” On the crypto-based Polymarket, where the so-called French whale netted a massive post-election […]
