Shares of MicroStrategy tumbled 17.8% Friday afternoon after the U.S. Securities and Exchange Commission reportedly rejected the company’s bitcoin accounting strategy. The business-intelligence software company’s stock had been falling in tandem with the price of bitcoin, which dropped more than 10% Friday to its lowest point since August. MicroStrategy shares are down 24.7% for the […]
The cryptocurrency market, along with other riskier assets, is taking a big hit. Bitcoin is down 11% in the last 24 hours, according to CoinGecko. Hitting its lowest level since August, the largest cryptocurrency by market value dropped below $40,000 on Friday, and is currently trading at around $38,378. Some analysts predict that it could […]
U.S. stock index futures were lower during overnight trading Thursday following a disappointing earnings report from Netflix, building on the major averages’ declines during regular trading. Futures contracts tied to the Dow Jones Industrial Average shed 14 points. S&P 500 futures were down 0.24%, while Nasdaq 100 futures declined 0.6%. Shares of Netflix tumbled 19% […]
The Federal Reserve on Thursday released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment. Billed as “the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies,” the 40-page paper shies away from any conclusions about […]
The selling the stock market has seen thus far in January is only a small sampling of what is to come, warns Morgan Stanley’s chief markets strategist Mike Wilson. “While the average stock has seen quite a bit of downside, the major averages still have a good 10% down from here,” said Wilson on Yahoo […]
On Thursday, members of Congress debated how to make cryptocurrencies greener, as energy-intensive bitcoin mining booms in the US. One of the biggest questions was whether to use renewables to power the energy-hungry mining at the heart of bitcoin’s blockchain, or turn to other blockchains that don’t need as much energy in the first place. […]
Bitcoin (BTC) has been below $45,000 for 14 days and is currently 40% below the $69,000 all-time high. This movement holds similarities to late-September 2021, when Bitcoin price flat-lined for 11 days and was 36% below the previous $64,900 all-time high on April 14. To understand whether the current price momentum mimics late September, traders […]
The party across global market might be coming to an end with Bitcoin positioned to be one of the assets with the potential to come on top. The shift in the U.S. Federal Reserve monetary policy will ripple across the stock market as interest rates spike and they reverse their asset purchase program. At least, […]
Investors should buckle up as it could get hairy this year with the Federal Reserve poised to begin lifting interest rates from rock bottom levels. “I definitely think we will experience more volatility in 2022 than what we have seen certainly over the last year, but even going back over the last decade. We started […]
For billionaire investor Mark Cuban, there was one defining moment that led him to go all in on cryptocurrency. “I always paid attention to bitcoin, the pricing, the tokens and the [crypto]currencies,” Cuban told Miami Mayor Francis Suarez at The North American Bitcoin Conference on Monday. “But what really got me into it was, about […]
The cryptocurrency market faced another day of weakness on Jan. 18 as the price of Bitcoin (BTC) dropped lower and additional pressure was also put on the altcoin market. Currently, the crypto Fear and Greed Index registered “Extreme Fear” among investors and some traders caution that BTC price could soon fall below its recent $39,000 […]
The major averages fell sharply Tuesday as government bond yields hit Covid-era highs and after Goldman Sachs reported disappointing earnings. The Dow Jones Industrial Average slipped 543.34 points, or 1.5%, to close at 35,368.47. The S&P 500 fell 1.8% to 4,577.11, and the Nasdaq Composite declined 2.6% to 14,506.90, hitting its lowest level in three […]
