The easing of overall market headwinds could open the floodgates for these crypto leaders. It’s still a bear market for many cryptocurrencies. Some have held up better than others, of course. For the most part, though, the jaw-dropping gains from 2021 are beginning to feel like a distant memory. The good news is that there […]
Category: Stocks Watch
Bitcoin hits 3-week high as fresh impulse move sends BTC price to $43.3K
Bitcoin (BTC) saw a fresh impulse move overnight into March 22 as bulls briefly reclaimed $43,000. RSI hints at underlying strength Data from Cointelegraph Markets Pro and TradingView showed BTC/USD reaching $43,337 on Bitstamp on March 22, the pair‘s highest since March 3. The action contrasted with the lack of volatility since the weekend and neatly fitted with the […]
Bitcoin hovers at $43K on Wall Street open amid growing fever over Terra’s $3B BTC buy-in
Bitcoin (BTC) showed signs of wanting higher levels still on March 22 as Wall Street trading saw a return above $43,000. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView Terra co-founder: ‘Most of’ $3 billion still unpurchased Data from Cointelegraph Markets Pro and TradingView followed BTC/USD as it continued its newly confident stride to three-week highs. The pair had already […]
Stock market news live updates: Stocks stage comeback day after Powell hints at more aggressive rate hikes
U.S. stocks rebounded to close firmly higher Tuesday as investors shrugged off hawkish remarks from Federal Reserve Chair Jerome Powell and continued to monitor the war in Ukraine. The S&P 500 rose 1.1% to 4,511.81, and Dow Jones Industrial Average jumped more than 250 points, or about 0.7%, to 34,807.86. The Nasdaq Composite was up […]
Here’s what the Fed’s rate hike means for your wallet
Last week, the Federal Reserve raised the federal funds rate for the first time since 2018, increasing it by 25 basis points. This quarter-point hike brought its target range to 0.25% to 0.5%, and consumers will soon begin to feel its effects. The federal funds rate affects the rate at which banks lend money to […]
The stock market is depressed, and apparently that’s great
Markets have rallied nicely off the early March lows that were triggered by the start of Russia’s war on Ukraine, but they are still dealing with a bout of depression. The percentage of individual investors who consider themselves bullish has averaged just 23.9% over the past 10 weeks, according to the American Association of Individual […]
Russia to open stock market this week: Impact will be ‘internal,’ not global
The reopening of the Russian stock market this week will likely not trigger widespread turmoil, according to an economic expert. “In my view, many movers and shakers in the market have already factored in these parameters over the past week to manage their exposure to the Russian market, but markets around the world, particularly Europe, […]
Crypto market selling pressure remains Asia dominated: Glassnode
The Bitcoin network’s on-chain activity still appears to be in a bear market as United States and European Union buyers are struggling to stay ahead of sellers based in Asia. Blockchain analytics firm Glassnode’s latest report on the weekly activity of the Bitcoin (BTC) network shows that the price of the largest crypto by market cap has […]
2 metrics signal traders do not expect $2T crypto market cap anytime soon
Cryptocurrencies failed to break the 42-day long downtrend after the $1.95-trillion capitalization resistance was rejected on March 20. Even though Bitcoin (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally. Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and 21. Such performance was […]
Russia to open stock market this week: Impact will be ‘internal,’ not global
The reopening of the Russian stock market this week will likely not trigger widespread turmoil, according to an economic expert. “In my view, many movers and shakers in the market have already factored in these parameters over the past week to manage their exposure to the Russian market, but markets around the world, particularly Europe, […]
Bear versus bull market: Here’s the difference and what investors need to know
It’s likely you’ve heard the term “bear market” and “bull market” being used as context to what’s happening in the stock market. In short, a bear market is when stock prices fall and a bull market is when prices go up. It’s easy to interpret the two terms as they are essentially opposites of one […]
Why Shiba Inu Is Surging Today
Despite today’s big gains, the cryptocurrency is still down roughly 27% year to date. What happened Shiba Inu ( SHIB -5.30% ) is soaring today. The cryptocurrency’s price was up roughly 9.3% over the previous 24-hour period as of 3:30 p.m. ET Saturday. There doesn’t appear to be any coin-specific news driving Shiba Inu’s price higher today, but investors have […]