According to CoinMarketCap, at the time of writing, the price of Bitcoin (BTC) is down 5.5% this morning. Today’s strong jobs report could be stoking concerns that the Federal Reserve will be more likely to increase interest rates to slow inflation when it meets in mid-March. Despite this modest pullback, other data suggest positive upside […]
March 4 saw another day of seesaw price action for Bitcoin (BTC) and the wider cryptocurrency market as the global economic fallout from the ongoing conflict in Ukraine weighs heavily on a majority of the world’s financial markets. Data from Cointelegraph Markets Pro and TradingView shows that after holding $41,000 in the early trading hours on March 4, a […]
Stocks fell on Friday despite a stronger-than-expected jobs report as worrisome developments in Ukraine weighed on sentiment. The Dow Jones Industrial Average dropped 179.86 points, or 0.53%, to close at 33,614.80. The S&P 500 declined 0.79% to 4,328.87, while Nasdaq Composite moved down 1.66% to 13,313.44. The Dow, which was down more than 500 points […]
Russia’s invasion of Ukraine will continue to be a major focus, as wary investors watch fresh inflation data and the rising price of oil in the week ahead. Stocks in the past week sold off in volatile trading, as oil rose more than 20% and a whole host of other commodities rose on supply worries. […]
Bitcoin (BTC) bulls flipped the table on March 4’s options expiry after a 14% rally on Feb. 28. Holding the price above $43,000 confirms a decoupling from traditional markets. For instance, the MSCI Emerging Markets Equities Index is down by 3.5% in five days, while the United States Russell 2000 Small-Capitalization Index gained 0.9%. Investors […]
Embrace the hunt for dividends if you are keen on outperforming what could be a volatile stock market in 2022 due to the Russia-Ukraine crisis and a rising interest rate environment. Or so says the team at Goldman Sachs. “High dividend yield and high dividend growth stocks also typically outperform during periods of high inflation […]
All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off […]
Aiming to become Europe’s Bitcoin capital, Lugano, Switzerland, has formed a partnership with stablecoin issuer Tether to establish bitcoin, Tether and Lugano’s own LVGA Points token as essentially legal tender in the city. The move goes far beyond the actions of a number of other Swiss localities that for some time have been accepting crypto for tax […]
The UK advertising watchdog has banned a London underground campaign for Floki Inu, a cryptocurrency named after a dog owned by Tesla chief Elon Musk, for allegedly taking advantage of naive consumers unaware of the potential dangers of investing in digital crypto assets. The poster campaign featured an image of a cartoon dog wearing a […]
As Moscow’s war on Ukraine rages on and the Russian economy and currency spiral to new lows, Washington is reportedly trying out a new way to dial up the pressure on Putin: sanctions targeting cryptocurrencies like bitcoin and ethereum. The Department of Justice announced early Wednesday a new task force broadly designed to enforce sanctions. As part of that, it will target efforts to […]
U.S. stock index futures were modestly lower during overnight trading Wednesday, after the major averages finished the day higher despite escalating tensions between Russia and Ukraine. Futures contracts tied to the Dow Jones Industrial Average declined 28 points. S&P 500 futures shed 0.11%, while Nasdaq 100 futures dipped 0.2%. During regular trading on Wednesday the […]
All in all, the stock market is hanging tough in what has been a turbulent two weeks for humanity. The Dow Jones Industrial Average is up more than 600 points on Wednesday as of this writing. Both the S&P 500 and Nasdaq Composite are nearing gains of 2%. All three major indexes are nicely off […]
