Surging energy prices are kindling bullish bets on developing-nation exporters, with Russia emerging as traders’ favorite investment destination. Russia’s ruble has gained more than any other emerging-market currency this month, bolstered by the prospect of higher oil revenues, while the nation’s stocks outperformed as a broad gauge of developing equities sank. OPEC’s monthly report will […]
Like a toddler in a car seat on a long drive, last week the cryptocurrency market persistently asked the gnawing and annoying question, “Why?” Specifically, why did someone make a massive purchase of $1.6 billion worth of bitcoin on Wednesday in a couple of minutes? While many see this huge buy as a signal of […]
A war is brewing among states to attract bitcoin miners, and new data shows that a whole lot of them are headed to New York, Kentucky, Georgia, and Texas. Within the U.S., 19.9% of bitcoin’s hashrate – that is, the collective computing power of miners – is in New York, 18.7% in Kentucky, 17.3% is […]
The stock market has been a roller coaster ride in recent weeks, with wild swings from day to day at times. The major indices have also hit record after record this year as the as the economy roared back from pandemic lows and the government flooded the economy with stimulus cash. The S&P 500 and […]
China’s war against cryptocurrency could soon extend to a broader ban on crypto mining. Reuters reports the country has added crypto mining to a draft “negative list” that limits or outright bans investments in a given industry, whether by Chinese or foreigners. Would-be investors would need to get approvals, and those are unlikely given China’s […]
Experienced analysts and media outlets including Cointelegraph recently highlighted some indicators suggesting that the Bitcoin (BTC) price rally could be overextended. Those bearish views include one from Bollinger bands creator John Bollinger, suggesting traders use a trailing stop, as signs of a “top” were building up. However, it is worth noting that Bollinger Bands and […]
Bitcoin investors are a very interesting bunch of people. Their behavior has no strict pattern, no order in how they react. In a way, they complement the crypto space. This time around they are not behaving how the market would expect them to and instead have resorted to doing… nothing. But why? Why Bitcoin investors are […]
Stock Markets Equities recovered some of the previous weeks’ losses as most of the major indexes recorded week-on-week gains. The S&P 500 Index gained back some of the value lost the week earlier with energy stocks leading the way. Crude prices reached a seven-year high on Monday in light of the decision by oil exporters […]
Top analyst Mike Mayo believes Wall Street is underestimating financials ahead of earnings season. Mayo, who follows large-cap banks for Wells Fargo Securities, suggests investors haven’t fully acknowledged the benefits associated with the booming stock market — from merger to wealth management fees. “It’s bull market banking,” the firm’s managing director told CNBC’s “Trading Nation” […]
SINGAPORE — Chinese stocks rose on the first day of trade after a week-long holiday, tracking other stock markets across Asia-Pacific as markets on Wall Street rallied. Data on Friday also showed that the services activity in China returned to positive levels. Mainland Chinese stocks pared earlier gains but were still higher by the close. […]
Regulators with the Securities and Exchange Commission have given the green light to the Volt Crypto Industry Revolution and Tech ETF, which will trade under the ticker symbol BTCR. Volt Equity’s exchange-traded fund is the first of its kind, offering investors access to companies with significant exposure to Bitcoin, according to the agency. A representative […]
The Biden administration has drafted an executive order that could create a unified approach to crypto regulation. White House Could Appoint Crypto Czar As first reported by Bloomberg, the order would have federal agencies study various areas of the cryptocurrency industry and create recommendations within those areas. In particular, the order pertains to areas such as […]
