Bitcoin dropped to a three-month low late Friday amid jitters over U.S. monetary policy tightening and an internet shutdown in Kazakhstan, the world’s second-biggest bitcoin mining hub. The price of bitcoin fell below the $41,000 mark to $40,749.90 just after 10:50 a.m. ET Friday, reaching its lowest level since Sept. 29, according to data from […]
Bitcoin (BTC) buyers are attempting to reverse a two month-long downtrend. The cryptocurrency declined by roughly 30% from an all-time high near $69,000 in November, and now technical indicators suggest the sell-off is starting to stabilize. BTC was trading around $43,000 at the time of writing, and is up about 3% over the past week. […]
Stock Markets As the official start of the earnings season begins, the large-cap indexes posted their second consecutive weekly loss to start the year, and the Nasdaq Composite its third. At the close of the week, financial shares showed weakness on Friday as a result of major banking companies reporting lower fourth-quarter profits. JPMorgan Chase […]
The wins keep piling up for Ford (F). Impressive orders for the new electric F-150. Ford scion Bill Ford buying a slug of stock in a show of confidence. This week the auto giant’s market cap burst through $100 billion, while crosstown rival GM (GM) stays stuck in neutral at about $89 billion. Despite these […]
The market’s focus in the coming week turns toward fourth-quarter earnings, which are expected to reveal stronger profit growth for economically sensitive stocks compared to technology players. The earnings period could test a theory that value and cyclicals are set to outperform tech stocks. It will also be a time when investors get a firsthand […]
The Northwest Arkansas Council, a nonprofit organization, is offering remote tech professionals and entrepreneurs $10,000 in bitcoin to move to the region. Bitcoin, the largest cryptocurrency by market value, is currently trading at around $42,893, according to Coin Metrics. Why bitcoin? “Northwest Arkansas is experiencing explosive growth in the tech sector, specifically within blockchain-enabled technologies, […]
Bitcoin (BTC) returned closer to $40,000 on Thursday as $44,000 resistance proved too much for bulls to overcome. Buying another dip Data from Cointelegraph Markets Pro and TradingView showed BTC/USD shedding around 4% in 24 hours on Jan. 14. The pair had topped $44,450 on Bitstamp before the retracement kicked in, this seeing local lows of $41,780. While disappointing […]
DETROIT – Ford Motor’s market value topped $100 billion for the first time ever as the automaker’s stock hit a new 52-week high Thursday. The company’s shares jumped Thursday by as much as 5.7% to $25.87, hitting another 20-plus-year high, before closing at $25.02 a share, up 2.3%. Its market value dropped to $99.99 billion. […]
NEW YORK, Jan 13 (Reuters) – Nervous global stock markets tumbled on Thursday as the dollar wilted, after a drumbeat of hawkish remarks from Federal Reserve officials made clear that U.S. interest rates could rise as soon as March, putting an end to ultra-easy monetary conditions. Fed Governor Lael Brainard became the latest and most […]
Market volatility reared its ugly head once again for crypto traders on Jan. 13 as the excitement of Bitcoin (BTC) hitting its highest level in a week was quickly thwarted by a correction that thrust the cryptocurrency back into the mid-$45,000 range. Data from Cointelegraph Markets Pro and TradingView shows that after reaching an intraday high of $44,500, bears […]
As Bitcoin remains well-off its record highs, advocates are finding glimmers of hope for the world’s largest cryptocurrency by analyzing the makeup of its investors. Even with the gain so far this week, the token is still down over 30% from its November record near $69,000. But on-chain data suggests that more investors are “hodling,” […]
Tesla (TSLA) is a “barometer” of market confidence, says TD Ameritrade chief market strategist JJ Kinahan. “This is a name that really is a confidence gauge in my opinion,” Kinahan told Yahoo Finance Live. “If it gets down near the $950-ish level, you’ll see clients coming in and buy it up until it gets to […]
