On September 29, Bitcoin Magazine Analyst Dylan LeClair noted Bitcoin had started to “decouple” from the S&P 500. His charts below show an upturn in the difference between the two as the S&P 5...
Tag: Markets
Despite Accounting for 2% of Global Activity, Sub-Saharan Africa Has ‘Some of the Most Well-Developed Cryptocurrency Markets of Any Region’ — Report – Africa Bitcoin News
According to a recent Chainalysis report, although Sub-Saharan Africa is believed to account for as little as 2% of global transaction activity, the area “contains some of the most well-developed cryp...
Nike, Micron, Amylyx and others
Check out the companies making headlines before the bell: Nike (NKE) – Nike slumped 10% in the premarket after it reported a 44% increase in inventories for its latest quarter, and said it would offer...
Future rate hikes may be good for the crypto markets as major currencies are devalued against the dollar
Investor and founder Vinny Lingham wrote a series of tweets on Sept. 29 outlining a potential short-term future whereby Bitcoin will act as a store of value for those suffering a devaluation of their ...
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...
Global Markets & Bitcoin on Macro Support, All Eyes on DXY
Global markets and cryptocurrencies have been experiencing deep declines for months. The strong correlation of Bitcoin’s price with traditional stock markets further exacerbates this trend. Dominating...
Stablecoin Markets Shift as Binance Begins USDC Conversions
Binance conversions of Circle’s USDC, Paxos’s Pax Dollar, and TrueUSD to the exchange’s own stablecoin, Binance USD, have begun. And the effects on the stablecoin market are already being ...
Dow Drops Over 450 Points, Markets Sink Following Flurry Of Worrisome Economic Data
Topline Fueled by a drop in big technology stocks and pandemic darlings, the market tanked Thursday as investors backed off of Wednesday’s cautious optimism, with several macroeconomic indicators high...
Jim Cramer says this ‘trifecta’ needs to see dampening inflation for the Fed to stop raising rates
CNBC’s Jim Cramer on Thursday said that there are three crucial areas where inflation needs to come down for the Federal Reserve to stop inflicting pain on the stock market. “They’re...
Charles River is a buy
Sherwin-Williams Co: “The price-to-earnings multiple is still way too high on that stock. … I think the stock goes lower.” Cassava Sciences Inc: “This is the kind of company th...
CarMax’s earnings miss is a win for the Fed against inflation
CNBC’s Jim Cramer on Thursday told investors that used car retailer CarMax‘s recent earnings shortfall is good news for the Federal Reserve’s quest to tamp down inflation. “Whe...
Regulators must extend existing processes to crypto, BoE’s Jon Cunliffe says
Regulators must address cryptocurrency before it is of systemic importance, Jon Cunliffe, the Bank of England’s (BoE) deputy governor for financial stability has said. If done properly regulator...
Veteran Trader Peter Brandt Says Markets Excel at Delivering Surprises
Tomiwabold Olajide Bitcoin and other cryptocurrencies surged early on Tuesday before falling sharply Veteran trader Peter Brandt believes that “markets excel at creating surprises and also at se...
Cryptocurrency Market’s Momentum Slows as Bitcoin and Ethereum Maintain Support Levels
After experiencing a high trading volume throughout the week, the cryptocurrency market’s momentum is once again slowing down. The prices of Bitcoin and Ethereum can maintain support, with bitcoin tra...
Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now
‘Probably the last rally’: Jim Rogers just warned about getting too excited over the market’s recent bump — here are the shockproof assets he likes best right now The stock market ha...
Apple, CarMax, Coinbase, Peloton and more
An employee arranges Apple iPhones as customer shop at an Apple store. Mike Segar | Reuters Check out the companies making headlines in midday trading. Apple — The big technology stock shed 5% followi...
Apple, CarMax, Bed Bath & Beyond and more
Check out the companies making headlines before the bell: Apple (AAPL) – Apple lost 2.2% in the premarket after BofA Securities downgraded it to neutral from buy. BofA said Apple has held up relativel...
Another pro-crypto news from Blackrock. This time it is for European markets 1
Blackrock has launched its first-ever blockchain ETF to service European traders in the crypto market. This recent update has buttressed how massively the digital assets and the blockchain sector have...
Wolfspeed is not a buy
Enovix Corp: “I have to say [sell] because It costs too much money.” Wolfspeed Inc: “I’m going to tell you not to buy. This stock doesn’t make money.” Stem Inc: ...
Charts suggest it’s time to ‘hold your nose and buy something’
CNBC’s Jim Cramer on Wednesday said investors should consider buying some stocks while investor sentiment is extremely negative, leaning on charts analysis from technician Ralph Vince. “Th...
Erdogan says Turkey will keep cutting interest rates, mocks British pound
Turkish President Tayyip Erdogan addresses members of his ruling AK Party (AKP) during a meeting at the parliament in Ankara, Turkey May 18, 2022. Murat Cetinmuhurdar/Presidential Press Office/Handout...
Jim Cramer says Wednesday’s market rally was ‘based on a dream’
CNBC’s Jim Cramer said that Wednesday’s rally will likely reverse course as soon as a Federal Reserve official reminds Wall Street of its hawkish stance against inflation. “The momen...
China’s central bank PBOC warns against yuan speculation
The Chinese yuan weakened past the closely-watched 7.2 level against the greenback this week. Getty Images BEIJING — The People’s Bank of China has warned against betting on the yuan, after its ...
Risk-Off Sentiment Returns With Focus on Inflation: Markets Wrap
(Bloomberg) — Risk-off sentiment returned to markets on Thursday as concern about inflation and the risk of global recession overshadowed the Bank of England’s move to restore calm. Most Read fr...
Global Financial Markets Struggling: Will Bitcoin Become a Safe Haven Asset?
As the British pound collapses, bond prices decline, and interest rates increase, Digital Currency Group CEO Barry Silbert says that bitcoin will become the preferred safe-haven asset. As stock market...
How to Build a Bond Ladder for Income
While stock prices typically rise and fall from year to year, bond prices have historically been quite stable. Yet 2022 is shaping up to be a year of infamy for fixed income. Since bond prices move in...