The Grayscale Bitcoin Trust (GBTC), which has been trading at a discount since the beginning of 2021, hit a record low last week. GBTC’s discount fell to -35.26% — its lowest point ever, accordi...
Tag: Markets
Tesla Stock Jumps On Report of Very High Volume In Q3 Deliveries
Tesla (TSLA) shares moved higher Tuesday following a report suggesting executives are preparing for a ‘high volume’ of last minute deliveries that could close out a record quarter for th...
Bankrupt crypto lender Voyager to sell assets to Sam Bankman-Fried’s FTX
Sam Bankman-Fried, founder and chief executive officer of FTX Cryptocurrency Derivatives Exchange, speaks during an interview on an episode of Bloomberg Wealth with David Rubenstein in New York, US, o...
Keurig Dr Pepper, CSX, Li Auto and more
Check out the companies making headlines before the bell: Keurig Dr Pepper — The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Stre...
Binance Resumes Offering Futures Trading Products to South African Users – Emerging Markets Bitcoin News
One of the world’s biggest cryptocurrency exchanges by volumes traded, Binance, has said its futures products are now available to eligible South African users. In a message to its users, Binance sugg...
What will happen to Bitcoin and Ethereum if traditional markets break?
Michael J. Burry, the financial wizard who was portrayed in the movie “The Big Short”, is known for predicting crises. For instance, his investment fund made billions from the 2008 housing...
Analyst claims markets to reach ‘ultimate real bottom’ in the middle of 2023
Risk assets have had a tough year as the Federal Reserve (Fed) started aggressively raising interest rates to battle the ever-rising inflation in the US. A similar occurrence took place around the wor...
Pound hits all-time low versus the dollar, softening pain of bitcoin losses for Brits
With the pound in the doldrums, crypto investors in Britain received some respite from bitcoin losses. The pound hit an all-time low of $1.0327 versus the U.S. dollar on Monday, as traders bet agains...
We’re delighted Amazon’s second Prime Day promises to boost sales ahead of the holidays
The announcement of a second Prime Day from Amazon (AMZN) sent shares of the e-commerce giant higher Monday. As shareholders for the Club, we’re encouraged by the prospect of Prime’s 150 m...
‘Bear Markets Are Good’ for Cleaning House: Messari CEO
While crypto winter has been tough sledding for much of the industry, Messari CEO Ryan Selkis views a little austerity as being healthy for the industry—and for his own conference. A veteran of the cr...
LBRY vs. SEC: Kauffman Claims That SEC Is Out To Destroy The Crypto Markets
The post LBRY vs. SEC: Kauffman Claims That SEC Is Out To Destroy The Crypto Markets appeared first on Coinpedia Fintech News In March 2021, the SEC charged LBRY with selling unregistered securities. ...
JPMorgan Analysts Drop Price Target for Coinbase Stock Due to Pressure on Crypto Markets: Report
Analysts from banking giant JPMorgan have reportedly lowered their price target for crypto exchange Coinbase’s stock (COIN), citing increasing pressure on digital asset markets. According to a report ...
EUR/JPY bullish price prediction in turbulent markets
Volatility in the FX market has reached dramatic levels after the British pound fell to historic levels today. Because all markets are interconnected, the abrupt moves in the GBP pairs and the UK bond...
Bitcoin and ether sink lower, Fed fights inflation with new rate hike: This week in markets
Bitcoin and ether were both down over the past week after another volatile week of trading in which macroeconomic sentiment continues to guide prices. Bitcoin was down 5.75% at $18,949 over the past w...
Wynn Resorts, Planet Fitness, AMC, Lyft and more
An exterior view shows Encore Las Vegas (L) and Wynn Las Vegas as the coronavirus continues to spread across the United States on March 15, 2020 in Las Vegas, Nevada. Ethan Miller | Getty Images Check...
Pound Hits All-Time Low against Dollar after Mini-Budget Rocks Markets
The reaction to the mini-budget has been a cause for concern with the shadow chancellor Rachel Reeves stating that she was incredibly worried. The Pound recorded a 5% fall against the dollar to hit $1...
TD Securities Analyst Says Gold Sell-off May Not Be Over — Carry and Opportunity Cost Could ‘Drive Capital Away’ – Markets and Prices Bitcoin News
Precious metals markets continue to flounder this week as gold’s value per troy ounce has slid by 6.53% in value against the U.S. dollar during the last month, while silver has shed 2.34% in 30 days. ...
Wall Street’s fear gauge hits highest level since June
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., January 31, 2018. Brendan McDermid | Reuters A measure of fear in stocks just hit the highest level in three months a...
PG&E, Lyft, Las Vegas Sands, more
Check out the companies making headlines before the bell: Planet Fitness — Shares of the gym franchise jumped nearly 3% in premarket trading after Raymond James upgraded the stock to strong buy from m...
Singapore’s Temasek leads investment in Chinese start-up Well-Link
In just three years, Beijing-based Well-Link Technologies has built a business on real-time cloud rendering, including helping miHoYo launch the cloud version of the hit game Genshin Impact. Ina Fassb...
ETF popularity hits record number
ETFs are seeing a record surge in popularity. The industry hit a milestone with more than 3,000 ETFs trading simultaneously for the first time ever this month — a 30% increase since December 2020, acc...
New Kraken CEO Ripley seeks growth, not a clash of crypto titans
Although incoming Kraken CEO Dave Ripley acknowledges he has “big shoes to fill,” he laid out an ambitious strategy on how the company plans to navigate global regulations, the challenges ...
Will This Be Another ‘Lost Decade’ for the Stock Market?
Text size Investors are staring at a ‘lost decade.” NYSE After four decades of incredible performance, the stock market could be at the beginning of a lost decade. Yes, the S&P 500 has...
The Stock Market Is Reeling. How It Could Stop Falling Next Week.
Text size The S&P 500 is down 23% from its January peak. Getty Images After one of the worst weeks for the stock market in 2022, two factors could swing the market over the next few days and set i...
Top Ukrainian Stocks On Global Markets
HOSTOMEL, UKRAINE – Ukrainian soldier waves the national flag standing on top of an armourd … [+] personnel carrier (APC). Getty Images Key Takeaways Global authorities have attempted to n...
Hong Kong Shares Hit 11-Year Low. Alibaba and Tencent Lead Decline.
Text size Hong Kong’s Hang Seng index fell more than 3% on the week to reach its lowest level since October 2011. Bloomberg Hong Kong stocks ended a bleak week down more than 1% Friday, pushing ...
Alibaba Pours $1 Billion Into Cloud Computing. The Move Is Critical for Its Growth.
Text size Alibaba stock has tumbled since early 2021 amid waves of regulatory pressures. Greg Baker/AFP via Getty Images Alibaba will invest $1 billion into its cloud computing division, doubling down...
DXY Index Reaching New Highs, Crypto Markets Could be in Distress This Weekend
The crypto space is expected to be in dire straits as the top crypto, Bitcoin is currently switching above and below $19,000. The shaky environment could be due to the strengthening of the USD as the ...
The Stock Market Is Reeling. What to Watch This Week.
Text size The S&P 500 is down 23% from its January peak. Getty Images After one of the worst weeks for the stock market in 2022, two factors could swing the market over the next few days and set i...