Dogecoin millionaire Glauber Contessoto first came into the spotlight after he posted his Dogecoin portfolio on Reddit. When the Doge rally was nearing its peak, Contessoto had posted to the Dogecoin subreddit, which earned him the title of the Dogecoin millionaire. Although what kept Contessoto in the spotlight had not been his millionaire status. It […]
Strategists see more selling ahead after stocks sold off Tuesday, led downward by tech and large cap growth names. A sharp jump in interest rates over the last several sessions stung the market, particularly the growth names. At its high Tuesday, the yield on the benchmark 10-year Treasury had climbed to 1.56%, about a quarter-percentage […]
Oil prices fell for the second straight day on Wednesday as doubts re-emerged over demand, with Covid-19 cases continuing to rise worldwide and gasoline shortages in some regions. Brent crude was down $1.03 or 1.3% at $78.06 a barrel by 0130 GMT, having fallen nearly $2 on Tuesday after touching $80.75, its highest in nearly […]
The cryptocurrency market is down more than 4% over the last 24 hours, shedding more than $73 billion in market cap, according to data from CoinGecko, and layer-1 blockchain platforms outside of Bitcoin (BTC) have taken some of the hardest hits during that span. Ethereum (ETH) has shed more than 6% of its value over […]
Bitcoin (BTC) is trading lower after sellers responded to resistance near $45,000. The cryptocurrency is down about 4% over the past 24 hours to $41,909 as upside momentum slows. Support is nearby at $40,000, which could stabilize the pullback. The 100-period moving average on the four-hour chart continues to cap upside moves. That suggests buyers […]
Federal Reserve Chairman Jerome Powell, in remarks to be delivered Tuesday, cautioned Washington legislators that the causes of the recent rise in inflation may last longer than anticipated. In a speech that he will deliver to the Senate Banking Committee, the central bank chair said economic growth has “continued to strengthen” but has been met […]
European markets closed marginally high on Monday after a frenetic weekend in the UK, which saw several petrol pumps empty of fuel and massive queues where it was still available even as ministers appealed to avoid “panic buying.” At the close, FTSE 100 (^FTSE) in London was up only by 0.28%, the CAC 40 (^FCHI) […]
A German hamster is beating investors at their own game. Since June, a hamster named Mr. Goxx has been running an independent portfolio that trades cryptocurrency from a high-tech cage called the Goxx Box. His portfolio has a wide range of cryptocurrencies, including TRON, Ethereum and Bitcoin. Mr. Goxx’s human business partner, who presumably executes […]
Cryptocurrency exchange Coinbase is going deeper into traditional financial services, allowing users to deposit paychecks directly into their online accounts. Coinbase said Monday that its U.S. customers will be able to use the direct deposit service for any percentage of their paycheck. They can hold their money in dollars or immediately transfer it into cryptocurrencies […]
Stock futures climbed in early morning trading on Monday as investors braced for the last week of a volatile September. Futures on the Dow Jones Industrial Average rose 133 points. S&P 500 futures and Nasdaq 100 futures also both traded in positive territory. Wall Street is coming off a roller-coaster week amid a slew of […]
Though the market has been volatile, analysts are spotting opportunities for upside among select companies. Tipranks is able to cut through the market noise by aggregating data to show which financial analysts are consistently making the right calls, and provides that information on an easy-to-digest platform. From electric vehicles to video streaming, some of the […]
Bitcoin has emerged as a new investment front. Although bitcoin adoption is a work in progress, it has numerous uses. Some investors hold bitcoin for profits, while others use cryptocurrencies for online transactions. A new survey by Bakkt now provides us with a birds-eye view of the state of bitcoin adoption in the United States. Bakkt is […]
