The market volatility and record-high inflation we’ve seen this year is sending investors in different directions. According to a recent Bankrate survey, younger investors are far more likely than their older cohorts to take advantage of the economic turbulence and increase their investments this year. More than 43% of Gen Z investors (ages 18 to […]
WASHINGTON — It’s been a brutal few weeks for the crypto market. Half a trillion dollars was wiped off the sector’s market cap as terraUSD, one of the most popular U.S. dollar-pegged stablecoins, imploded virtually overnight. Meanwhile, digital coins such as ether continue to take a beating on the price charts, as the sell-off keeps […]
Ignoring the problems of the Lightning Network and protocol stack seems to be a very popular thing to do these days. It is currently the most widely adopted and used second layer of the Bitcoin network, and the fastest moving in terms of further development. It also has a lot of shortcomings that are easy […]
Stock Markets Stock markets gained ground this week after seven straight weeks of losses. Every sector of the large-cap S&P 500 advanced, led by consumer discretionary and energy stocks which surged the most. Underperforming the rest was the health care sector. Even the tech-heavy Nasdaq Composite Index exhibited solid gains. The cross-sector strength seems to […]
Andreessen Horowitz plans to plow billions of dollars into crypto start-ups while digital asset markets are in a rut. The Silicon Valley firm announced a new $4.5 billion fund for backing crypto and blockchain companies on Wednesday. It marks Andreessen’s fourth fund for the asset class and brings its total raised for crypto and blockchain […]
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, minutes from their meeting released Wednesday showed. Not only did policymakers see the need to increase benchmark borrowing rates by 50 points, but they also said similar hikes likely […]
The company recently joined the Fortune 500 list. What happened Shares of the large U.S. crypto exchange Coinbase (COIN 9.47%) are trading roughly 5.5% higher as of 10:57 a.m. ET today after the company recently joined the Fortune 500 list and as the broader crypto market rises. So what The price of Bitcoin traded about 2.7% higher over the last 24 […]
The cryptocurrency market settled into a holding pattern on May 25 after traders opted to sit on the sidelines ahead of the midday Federal Open Market Committee (FOMC) meeting where the Federal Reserve signaled that it intends to continue on its path of raising interest rates. According to data from Alternative.me, the Fear and Greed Index seeing its longest […]
A Kyiv resident wanted to protect his savings to avoid risks from Russia’s war, per The Guardian. He put the $10,500 sum into terra, a “stable” crypto token that later crashed in value. The Ukrainian’s account is one of many stories of retail investors being burned by the crypto crash. Yuri Popovich thought it seemed […]
Bitcoin (BTC) could be in for a return to levels not seen since before its 2020 bull market if history repeats itself. That was according to new analysis released on May 24, which studied Bitcoin’s interaction with its 200-week moving average (WMA). Bitcoin floor target could be between $15,500 and $19,000 In a Twitter thread, […]
While retail investors head for the exits as stock prices sharply fluctuate, Evercore ISI’s Julian Emanuel wants to put money to work. He calls the market environment very ugly, but he believes the economy will avert a recession — particularly due to healthy credit markets and continued gains. “The path to higher [stock] prices really […]
U.S. stocks were mostly lower Tuesday after social media giant Snap Inc. (SNAP) logged its biggest one-day drop on record and dragged down shares of technology peers. The Nasdaq Composite tumbled 2.3% to its lowest close since November 2020 following an economic warning from the social media platform that sent the company’s stock down 43% […]
