Nansen, a blockchain data analytics company, recently issued its quarterly study on non-fungible tokens (NFTs). The analysis emphasized the NFT sector’s year-to-date outperformance of the cryptocurrency market, predicting a $80 billion market valuation by 2025. The NFT market has outpaced the cryptocurrency market this year, according to the Nansen 2022 Quarterly NFT Report, with a […]
Stock Markets Over the holiday-shortened week, the benchmark indexes closed mixed, with the first corporate earnings reports of 2022 being released. Growth stocks continue to be outperformed by their value counterparts, although the small-caps recovered territory lost during the previous week to large-caps. Within the S&P Index financials fell behind, weighed down by JP Morgan […]
Cryptocurrencies had a rough start to the year in 2022, but for a time it seemed many top digital assets were making their way out of the crypto winter. Near the end of March, Bitcoin and Ether, the two top cryptocurrencies by market cap, were notching highs not seen since early January. But now progress […]
Of the big five banks and bank holding companies in the US by total assets – JP Morgan, Bank of America, Wells Fargo, Citigroup, and Goldman Sachs Group – four reported Q1 earnings so far, and BofA will do so next week. Those earnings reports were marked by a sharp decline in revenues and net […]
Russia’s Ministry of Finance has amended its digital currency bill to include cryptocurrency mining provisions, the agency announced Friday. The ministry presented the original draft cryptocurrency law, which focused on digital assets as investment vehicles, to the Russian Parliament in February. The updated version of the bill, the ministry said, details rules around trading and […]
Is Bitcoin going up or down? Every analyst has their own answer and as investor sentiments get muddled, so does the king coin’s price. Throw in war, a pandemic, inflation, and you have yet more factors that could be driving the price either into bullish or bearish territory. To that end, let’s see what the […]
Listen to the bond market. That is the advice from Lisa Shalett, chief investment officer at Morgan Stanley Wealth Management, warning that recent resilience in stocks could be “nothing more than a bear-market rally, fueled by wishful thinking and excess liquidity,” in a Wednesday client note. “After a volatile first quarter, U.S. stock and bond markets […]
The S&P 500 and Nasdaq Composite fell Thursday, capping a losing week as investors digested mixed earnings results from major banks and rising inflation. The broad-market index fell 1.21% to 4,392.59, while the Nasdaq Composite lost 2.14% to 13,351.08. Meanwhile, the Dow Jones Industrial Average lost 113.36 points, or 0.33%, to 34,451.23. The S&P 500 […]
Over the past three months, Bitcoin’s (BTC) daily closing price fluctuated between $35,050 and $47,550, which is a 35.7% range. Although it might seem excessive, this is not unusual, especially considering BTC’s 68% historical annualized volatility. Bitcoin/USD 1-day chart at Coinbase. Source: TradingView The relief rally that came after the April 11 dip below $40,000 […]
Bitcoin could hit $100,000 within a year, the CEO of crypto lending firm Nexo has predicted. Antoni Trenchev told CNBC he thinks the world’s biggest cryptocurrency can surge above $100,000 “within 12 months.” He said he’s “worried” about bitcoin’s short-term prospects, suggesting it may fall in tandem with traditional financial markets as the Federal Reserve […]
U.S. Treasury yields fell on Wednesday as investors weighed the latest batch of U.S. inflation data. The yield on the benchmark 10-year Treasury note dropped 3 basis points to 2.701%. The yield on the 30-year Treasury bond lost 2 basis points to 2.808%. Yields move inversely to prices and 1 basis point is equal to […]
High-quality bonds should hold up better than stocks, right? Particularly if defaults aren’t really the worry. But that hasn’t been the case lately for debt issued by many Fortune 500 companies, a sector hit notably hard since the Federal Reserve shifted its stance to urgently cool inflation. U.S. investment-grade corporate bonds, the debt sold by […]
