The broad stock market index lost 0.77% on Friday after falling almost 0.5% on Thursday. It went much below the 4,500 level. On September 2 the index reached a new record high of 4,545.85. Since then it has lost almost 90 points (around 2%). This morning stocks are expected to open higher and retrace some […]
Category: Stocks Watch
Bitcoin price flirts with $40K, but derivatives data is still bullish
The price of Bitcoin (BTC) is facing an intense period of volatility since moving from a $52,950 top on Sept. 7 to a $42,800 low just two hours later. More recently, the $45,000 support was held for a couple of days despite being heavily tested, and this triggered a $3,400 up- and down-swing on Sept. […]
Institutional traders flock to Solana as demand for ETH and BTC flattens
Institutional traders have flocked to Solana (SOL) as demand for Ether (ETH) and Bitcoin (BTC) exposure has flattened, with SOL investment products representing a whopping 86.6% of total weekly inflows crypto investment products last week. According to the Sept. 14 issue of CoinShares’ Digital Asset Fund Flows Weekly, Solana (SOL) investment products saw inflows of $49.4 million between Sept. […]
Dow, S&P 500 fears? Why worrying about a correction is still the wrong way to invest
The Dow Jones Industrial Average and S&P 500 Index just suffered five straight days of losses and their worst weekly performance since — wait for it — June. Investors went into the summer easing up a little bit on stocks and have exited the summer with a similar bout of selling. Is there any more […]
Four reasons stocks may be approaching ‘peak growth’ and what that means for investors: PNC Financial
Stocks sit near all-time highs and the U.S. economy is chugging along again. This could be as good as it gets on Wall Street. Amanda Agati, chief investment officer at PNC Financial Services Group, says the signs point to “peak growth” right now. “We’re seeing it in a number of economic indicators that we continue […]
Trippy Bunny NFT donates 100% of mint proceeds to suicide prevention foundation
Trippy Bunny NFT, a new nonfungible token project built on Solana, has announced that it is donating all of its mint sale proceeds to the American Foundation for Suicide Prevention. The announcement was made on Suicide Prevention Day, a global awareness event observed globally on Sept. 10. The annual awareness day was first organized in […]
Across the seven seas: Retail, institutional investors keen on Bitcoin
Institutions have been at the forefront of the crypto bull run seen since Q4 2020, but now retail investors have been taking the center stage as well. Bitcoin (BTC) is getting more popular all around the world and it officially became a legal tender in El Salvador on Sept. 7, making it a landmark event for retail […]
The Week Ahead – A Busy Economic Calendar to Test Market Risk Sentiment…
On the Macro It’s a busy week ahead on the economic calendar, with 62 stats in focus in the week ending 17th September. In the week prior, 42 stats had also been in focus. For the Dollar: Inflation figures for August kick things off on Tuesday. We’ve seen labor market numbers disappoint. Another spike in inflation, however, […]
Oil rallies towards $73 on tight U.S. supplies, Biden-Xi call
Oil rose on Friday, supported by growing signs of supply tightness in the United States as a result of Hurricane Ida and as U.S.-China trade hopes gave riskier assets a boost. About three-quarters of the U.S. Gulf’s offshore oil production, or about 1.4 million barrels per day, has remained halted since late August. Figures this […]
Retail Investors Will Drive A $1 Million Bitcoin Price
To HODL bitcoin is to love bitcoin. And love, being the primary experience which we were set upon this earth for, should be spread like pollen in the wind. If you truly love the people around you, you need to be educating them about bitcoin. Every single time a negative event occurs that is a […]
Ethereum Competitor Launches $300,000,000 DeFi Fund to Fuel Crypto Adoption
An Ethereum competitor is launching a $300 million fund to support decentralized finance (DeFi) innovation on its network. Blockchain company Algorand Foundation is putting 150 million ALGO, worth $309 million at time of writing, into the Viridis DeFi Program in an effort to fuel the growth of development on its platform. Sean Lee, chief executive […]
Weekly Market Review – September 11, 2021
Stock Markets Stock exchanges retreated over the shortened trading week since markets were closed on Monday due to the Labor Day holiday. Equities signaled caution as the S&P 500 experienced its first five-day losing streak since the middle of February. In this index, the small real estate sector led the declines in response to the […]