Bitcoin (BTC) added to its losses on Dec. 29 with a fresh tumble briefly taking BTC/USD below $46,600. RSI flashes “oversold” Data from Cointelegraph Markets Pro and TradingView showed the pair giving up ground prior to the Wall St. open to increase its 48-hour correction to 10.4%. The latest move in a familiar pattern of behavior, the market showed […]
What happened Shares of several crypto mining stocks fell today along with the broader cryptocurrency market for no obvious reason other than broader trends that have been playing out over the last month. Shares of Riot Blockchain (NASDAQ: RIOT) fell 8.5% today, shares of the Canada-based Hive Blockchain Technologies (NASDAQ: HIVE) fell 9.4%, shares of Bit Digital (NASDAQ: BTBT) fell more than 5.3%, and […]
Some reassuring words on record-setting markets into the New Year from JPMorgan strategists. “In particular, outside of the Big 10 stocks in the U.S., equity drawdowns and multiple de-rating have been severe. Russell 3000 was down only -4% and Nasdaq Composite -7% from 12-month highs, however, the average drawdown for constituents in these indices was […]
If the market is in an everything bubble, wealthy Americans are headed into 2022 saying they don’t really want much more — of anything, according to a recent CNBC survey of millionaires. Wealthy investor sentiment is still tilted toward the bullish, if moderating, with millionaires anticipating higher interest rates and tax rates in 2022. Forty-one […]
U.S. stock futures ticked higher Tuesday night following a mixed session as traders continued to assess the threat of the omicron Covid-19 variant. Futures tied to the Dow Jones Industrial Average were up 38 points, or 0.1%. S&P 500 futures gained 0.2%, and Nasdaq 100 futures advanced 0.3%. There have been more than 4.1 million […]
Crypto has been many things in its short history. 2021 was the year it became part of the mainstream. Elon Musk tweeted about it, often. It was parodied on “Saturday Night Live.” Collins Dictionary dubbed “NFT,” the acronym for nonfungible tokens, its word of the year. Institutional investors looked for ways to get in, and […]
2021 was a wild year for cryptocurrency. Despite bitcoin’s recent plunge, for example, its price has still risen by more than 70% in the past 52 weeks. More important, bitcoin and other cryptocurrencies have made tremendous strides, not just in valuation — today the cryptocurrency market capitalization is estimated at $2.5 trillion, more than double […]
Stock futures were calm on Monday evening as Wall Street looked to build on its record highs in the final week of the year. Futures tied to the Dow Jones Industrial Average dipped 33 points, while those for the S&P 500 and Nasdaq 100 were down less than 0.1%. The move in futures comes after […]
Some reassuring words on record-setting markets into the New Year from JPMorgan strategists. “In particular, outside of the Big 10 stocks in the U.S., equity drawdowns and multiple de-rating have been severe. Russell 3000 was down only -4% and Nasdaq Composite -7% from 12-month highs, however, the average drawdown for constituents in these indices was […]
TOKYO (Reuters) – Asian stocks weakened with crude oil in holiday-thinned trading on Monday, as uncertainty over the economic impact of the Omicron coronavirus variant weighed on investor sentiment. U.S. airlines have cancelled or delayed thousands of flights over the past three days due to COVID-19-related staff shortages, while several cruise ships had to cancel […]
With 2021 just about in the rearview mirror, it’s a good time to reassess the notion that cryptocurrency is still a risk-on asset class. After all, crypto’s risk will help determine how to allocate assets in 2022. For many traders, the massive selloff of March 2020 is still a memory, be it one of great […]
Telegram co-founder and CEO Pavel Durov has expressed excitement about the Telegram Open Network (TON) technology still developing after Telegram officially abandoned the project last year. “I’m proud that the technology we created is alive and evolving. When it comes to scalability and speed, TON is still years ahead of everything else in the blockchain […]
