Crypto-related stocks plunged as Genesis became the latest victim of the FTX fallout. Bitcoin was trading at $16,593, up 0.7% from $16,479 earlier in the day. Ether gained a modest 0.5% to trad...
Tag: Equities
Nvidia revenue beats estimates, gaming segment also tops expectations
Nvidia’s fiscal third quarter revenue beat analyst estimates while sales from its gaming segment, which includes crypto-related revenue, also topped expectations. The chipmaker posted quar...
Bitcoin, ether decline, stocks sink and Ark is warm on GBTC
Crypto markets slid on Wednesday as altcoins surrendered gains made at the top of the week. Bitcoin was down 2.6% at $16,479 over the past day, while ether lost 4.5% to trade at $1,207, accordi...
Silvergate stock sinks 12% on FTX links
Crypto bank Silvergate shares tanked 12% as the ripple effects of FTX’s collapse continue. Last week, the La Jolla-based crypto bank said its exposure to FTX was limited to deposits, but ...
Stablecoins are … stable again
The stablecoin market has stabilized since the collapse of TerraUSD as confidence is returning to larger coins, Fitch Ratings said. Tether and Circle, the issuers of USDT and USDC stablecoins, ...
Uniswap token gains as trading volumes jump; bitcoin, ether slip
Mainstream cryptocurrencies traded marginally lower on Tuesday morning on the U.S. East Coast, while some altcoins bucked the trend. Bitcoin was down 1.7% at $16,883 over the past day, while et...
Ark Invest picks up $2.8 million worth of Grayscale Bitcoin Trust shares
Cathie Wood’s Ark Invest bought shares in Grayscale’s Bitcoin Trust (GBTC) on Monday, days after the trust’s discount reached a new low. Ark purchased 315,259 shares of GBTC o...
The Block: Bitcoin mining stock report: Monday, November 14
Bitcoin stocks broadly traded down on Monday, Nov. 14. Bit Digital clocked the biggest gains on Monday, adding 3.64%. Elsewhere, TerraWulf and Mawson Infrastructure Group also added modest gain...
Bitcoin, ether move higher as Goldman Sachs see negative outlook for Coinbase
Crypto prices increased even as Wall Street banks predicted more gloom for the industry amid the FTX debacle. Bitcoin was trading at $17,060, up 3% over the past day, while ether added 4% to tr...
Bitcoin, ether drop as FTX’s bankruptcy filing spooks crypto markets
Crypto prices sank on the news that FTX and more than 100 corporate entities affiliated with the firm are filing for bankruptcy. Bitcoin dropped 5.2% at $16,551, while ether crashed 6.5% to $1,...
Cathie Wood buys Coinbase dip, crypto stocks rise
Crypto-related stocks rose, far outpacing the broader crypto market and slightly outpacing the S&P 500, following positive inflation data in the U.S and news that Ark Invest bought the Coinbase di...
Bitcoin and ether up as U.S. inflation data below estimates at 7.7% in October
U.S. inflation is showing signs of cooling down as crypto markets remain tumultuous. Inflation in the U.S. came in at 7.7% in October. Based on FactSet data, analysts had predicted an 8% increa...
Grayscale Bitcoin Trust trading at discount of more than 40% amid market tumult
The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low on Wednesday. GBTC is currently trading at a discount of -40.7%, its lowes...
The Block: Bitcoin mining stock report: Tuesday November 8
Most bitcoin mining stocks tracked by The Block declined on Tuesday after news that crypto exchange Binance will acquire FTX rocked the markets. According to data from TradingView, Bitcoin was t...
Analysis of Riot Blockchain’s Q3’22 Earnings
November 8, 2022, 5:06PM EST • 2 min read Quick Take Reported earnings November 7, 2022 and closed at $5.75 per share Mining cost as a percentage of sales doubled increased from 39.0% to 66.5% QoQ Ag...
Coinbase says it has no material exposure to FTX or FTT
Coinbase CEO Brian Armstrong aimed to ease jitters triggered by news that FTX would sell its non-U.S. assets to Binance amid a liquidity crunch by saying the exchange he runs has no material exposure ...
Analysis of Coinbase’s Q3’22 Earnings
November 4, 2022, 3:03AM EDT • 4 min read Quick Take Coinbase generated $576mm net revenue, ($545)mm net loss, and ($116)mm Adjusted EBITDA The company also reported $159bn quarterly trading volume an...
Crypto, Equities in for Volatile Week Ahead of Fed Decision, Jobs Data
Fed still expected to raise rates by 75 basis points Stocks are going to move on the news, and crypto is likely to follow, analysts say After a promising comeback in October, crypto and equities edged...
5 Stocks Now At The “Just Get Me Out” Stage
bear getty These 5 stocks are now reaching that stage of capitalism known to insiders as the “just get me out” stage. This used to be the time when investors would call their brokers and mouth the wor...
US equities are suffering the 3rd biggest drawdown in history in 2022
For investors looking to navigate choppy financial markets, the fact that stocks across all indices have been moving down in lockstep, followed by bonds, may be a worrying signal, indicating more pain...
US government bonds climb to new highs putting pressure on equities
During a large part of 2019 and 2020, most of the bond markets in western countries had negative nominal yields. In essence, investors were paying for the ability to lend money to governments and, in ...
Equities slip lower as cryptocurrencies inch higher: This week in markets
Cryptocurrencies traded marginally higher over the last week, despite a robust jobs report. The U.S. added 263,000 new jobs in September, above expectations of 255,000 and below the previous month, wh...
How To Spot A Relief Rally In Stocks And Stock Markets
stock trading with bull and bear getty After stocks sell off and make a new low, some buyers come back in and provide support for a few days, sometimes a few weeks. That’s a relief rally and it’s usua...
Bitcoin registers modest gains as equities tick lower to close the quarter: this week in markets
Cryptocurrency was somewhat of an oasis of calm last week, while traditional markets were volatile. Bitcoin was up about 1% over the past week at $19,229, while ether lost a little more than 1% and w...
Crypto Analyst Warns Bitcoin Could Witness Massive Devaluation As Equities Markets Print Fresh 2022 Lows
A closely followed crypto strategist and trader is issuing a warning to Bitcoin holders that BTC could witness a big capitulation event amid weakness in the stock market. Pseudonymous trader Cantering...
A Rising, or ‘Strong Dollar’ Is Not What’s Holding Down Equities
If you’re a Forbes or a Forbes.com reader, odds are you’re an investor. And if you’re an investor, you’re likely familiar with the popular narrative at the moment that a rising dollar helps explain tr...
Creditors Of Celsius Move To Equities First For Repayment
Creditors Of Celsius Move To Equities First For RepaymentEquities First still owes $439 millionSeptember 30, 2022Crypto lending firm Celsius creditors have moved to subpoena-based Equities First...
Crypto Trading Platform Provider WonderFi to Offer Equities Next Year Through Bitbuy Unit
“Providing seamless access to stock trading makes Bitbuy the first in Canada to offer a full suite of crypto trading as well as fractional trading of equities with real-time settlement,” WonderF...
Crypto markets trade flat with upside bias as equities near year-to-date lows
The total cryptocurrency market cap saw net inflows totaling $7.75 billion. As of press time, it stood at $943.41 billion, up 0.87% over the last 24 hours. Bitcoin’s market cap gained 0.5% over the re...
JPMorgan Puts Bitcoin Projected Excess Return at 38.1%, More Than Equities, Govt Bonds, and Real Estate
– Advertisement – Investment banking giant J.P. Morgan believes Bitcoin’s projected excess return sits at a massive 38.1%. Bitcoin has grown massively to secure its position as one of th...
Bitcoin Withstands Dollar Dominance Better Than Equities, Gold, Etc.
Bitcoin, along with the majority of the crypto market, hasn’t always been friends with the month of September. Bitcoin records MTD performance rate of 0.83% Gold struggles along with equities such as ...