Category Archive: Cryptocurrency, No picture
MicroStrategy stock hits new high as Bitcoin soars to $69,000
Key Takeaways MicroStrategy’s stock aligns closely with Bitcoin’s market performance, reaching new highs. The company holds over 252,000 BTC, influencing its market strategy and valuation. Share this article MicroStrategy (MSTR) stock just recorded a 25-year high of around $255 after US markets opened on Monday, according to data from Yahoo Finance. The surge came amid […]
Bitcoin ETFs Reached $66 Billion In Holdings Due To Retail Investors
Image Source: Unsplash Since the launch of spot Bitcoin ETFs, the amount of BTC held by exchange-traded funds has reached 961,000. It is worth approximately $66 billion of on-chain Bitcoin holdings.Currently, Bitcoin ETFs hold around 4.86% of the current supply. The news is positive for the cryptocurrency. It has been discussed in the past that a […]
Analysis: Why Oil Prices Are Likely To Stay Low After Israel’s Limited Strike
Image Source: Unsplash For weeks the oil market had waited with bated breath for Israel’s response to Iran’s attack on Tel Aviv at the beginning of the month.Oil prices were volatile as traders feared that Israel may target Iran’s crude oil facilities, limiting supply from the region.However, prices plunged as much as 6% on Monday after […]
Bitcoin price could reach $3 million by 2050, says VanEck head of crypto research
Key Takeaways VanEck’s Matthew Sigel forecasts Bitcoin’s value at $3 million by 2050. He thinks Bitcoin could be a big part of the global economy. Share this article Matthew Sigel, head of digital assets research at VanEck, projects that Bitcoin could hit $3 million by 2050 as it becomes a widely accepted and valuable reserve […]
Retail’s Rebound
Image Source: Unsplash Tesla (TSLA) stole the headlines last week after their earnings report, and its surge higher sent shockwaves across the entire market.Anyone with a 401(k) or any sort of retirement plan likely owns Tesla in some way, shape, or form. Not only is it part of the Magnificent Seven, but it also is owned by countless fund […]
BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million
Key Takeaways BlackRock’s Bitcoin holdings have reached 403,725 BTC, valued at approximately $27.73 billion. Ethereum ETFs recorded a net outflow of 2,917 ETH over the past seven days, indicating a decline in market interest. Share this article BlackRock, the world’s largest asset manager, recorded a significant increase in its Bitcoin ETF holdings, reaching 403,725 BTC, […]
Robinhood debuts presidential election betting, stock climbs 4%
Key Takeaways Robinhood’s stock increased by 4% following the announcement of its election trading feature. The political prediction market’s volume surged 565% in Q3. Share this article Robinhood Markets (HOOD) saw its stock price increase by almost 4% to $28 after the US market opened on Monday, according to Yahoo Finance data. The rise followed […]
S&P 500 Earnings Dashboard 24Q3 – Monday, Oct. 28
Image Source: Unsplash S&P 500 Aggregate Estimates and Revisions 24Q3 Y/Y earnings are expected to be 4.3%. Excluding the energy sector, the Y/Y earnings estimate is 6.9%. Of the 184 companies in the S&P 500 that have reported earnings to date for 24Q3, 78.8% reported above analyst expectations. This compares to a long-term average of 66.9%. The 24Q3 Y/Y blended revenue growth estimate is 4.4%. If the energy sector is […]
EUR/JPY Tests The Previous High At 164.90 After Rejection At 166.00
The Euro has failed to find acceptance above 166.00 earlier today and has given away gains. The Yen has trimmed losses as the market digests the results of Japan´s elections and the pair has retreated to rest support at last week’s high, at 194.90. The Yen dropped across the board during the early Asian season […]
HOOD Jumps As Robinhood Markets Debuts US Election Trading
Popular trading app Robinhood Markets launched presidential election trading on Monday.Popular trading platform Robinhood Markets (NASDAQ: HOOD) announced its entry into presidential election trading on Monday, October 28, 2024, allowing U.S. citizens to trade contracts tied to either Kamala Harris or Donald Trump through its Robinhood Derivatives unit and ForecastEx, operated by Interactive Brokers.The move comes just […]
