Category Archive: Cryptocurrency, No picture
MicroStrategy stock hits $196, 2% away from ATH
Key Takeaways MicroStrategy holds over 252,000 bitcoins, nearing the largest Bitcoin holder status. MicroStrategy eyes Grayscale’s position as its Bitcoin holdings near a $16 billion valuation. Share this article Earlier today, MicroStrategy stock reached $196, just 2% away from its all-time high, largely driven by its aggressive Bitcoin acquisition strategy. The company’s stock behaves like […]
Discord blocked in Russia for failing to meet content law requirements
Key Takeaways Discord was blocked in Russia for failing to comply with content removal laws, resulting in a $36,150 fine. Discord is the latest in a series of foreign platforms restricted in Russia since the Ukraine invasion. Share this article Russia’s communications regulator has blocked instant messaging platform Discord for violating the country’s laws, the […]
The Rationale Behind The Active-To-Passive Rotation
Image Source: Unsplash Are investors sacrificing performance by moving from active to passive funds?Last year, £23bn was pulled from equity mutual funds and ETFs by UK investors—the second highest redemption on record, surpassed only by 2022. This was a tale of two strategies, however, as actively managed equity funds lost £24.13m while index-trackers gained £525m—modest, but […]
Oil Spike Incoming
Image Source: Unsplash In this short clip from Live Trading Room on October 2-3, 2024, Samantha LaDuc discusses the weak outlook for oil prices, predicting a potential drop to $40 per barrel despite geopolitical tensions and market fluctuations.She highlights the persistent bearish trends visible in the monthly crude charts, cautioning against expecting a price bounce without […]
$2.4 billion may re-enter crypto markets following FTX repayment, suggest analysts
Key Takeaways Estimated $2.4 billion from FTX repayments could reenter the crypto market. The plan could provide a positive boost to the crypto market, but the impact may be limited and gradual. Share this article K33 analysts estimate that around $2.4 billion may be reinvested in crypto markets following the implementation of FTX’s reorganization plan. […]
FTSE Suffers As Still No Further Details Given About China Stimulus
Image Source: Pexels After a much awaited news conference by China’s National Development and Reform Commission fell short of hopes for greater stimulus, U.K. markets dropped on Tuesday.Rising borrowing rates in the United Kingdom in recent days also presented difficulties for the government, which plans to present its budget at the end of the month. Reaching […]
PepsiCo Is Finishing A Bullish Triangle
Image Source: Pexels PepsiCo (PEP) is trading mostly sideways this year between 190 – 150 levels, but it looks like a consolidation within bullish trend. We see it as a bullish ABCDE triangle formation in wave (4) that be coming to an end with final wave E after recent earnings report. So, as soon as bullish triangle fully completes, […]
Gold ETFs Heating Up
Recently, I’ve highlighted the significant and consistent buying of gold by central banks, driven largely by macroeconomic and geopolitical risks. Today, we turn our attention to the recent performance of gold ETFs, which has also been noteworthy and supportive of gold prices.Gold ETFs play a crucial role in the overall gold market. They are second […]
USD/JPY Recovers Intraday Losses As US Dollar Strives To Rise Further
The USD/JPY recovers its intraday losses and returns to the day’s high of 148.20 in Tuesday’s North American session. The major gains as the US Dollar (USD) strives to extend its upside. The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, holds onto gains near a seven-week high of 102.50.The US Dollar’s […]
Crypto.com receives Wells Notice from SEC
Key Takeaways Crypto.com has filed a lawsuit against the SEC over its crypto regulations. The company challenges the SEC’s rule that treats most crypto transactions as securities. Share this article Crypto.com confirmed Tuesday it received a Wells Notice from the US Securities and Exchange Commission (SEC). In response, the company initiated a lawsuit against the […]
