Key Takeaways Stocks with bitcoin exposure are trending higher as the price of bitcoin recovers some of its losses suffered Friday. Bitcoin is back above $56,000 after trading at about $52,600 on Friday but remains below its levels from earlier last week. Friday’s underwhelming August jobs report may have investors questioning seemingly riskier assets, like […]
Bitcoin Price Recovery Drives Cryptocurrency Stocks Higher Read More »
Investors responded to the presidential debate between former President Donald Trump and Vice President Kamala Harris with a clear market shift in politically connected assets. Financial assets tied to Trump retreated early Wednesday as the debate’s outcome was digested by the markets. Solar and green energy stocks experienced an advance, reflecting investors’ expectations of Harris
Post-Debate Market Reaction: Solar Stocks Surge, Cryptocurrency Slumps Read More »
Key Takeaways: Since the beginning of September, Bitcoin has gained more than 14%, while the S&P 500 has risen roughly 3%. Initially, both Bitcoin and stocks had a rocky start due to economic concerns, but Bitcoin has since gained momentum. Both U.S. presidential candidates have shown support for the crypto industry, which is weighing heavier
Bitcoin Outperforms S&P 500 Amid Economic and Political Factors Read More »
Bitcoin recently hit another all-time high, rising above $93,000. The price of bitcoin has been on a tear since Donald Trump won the presidential election. Trump made a number of campaign promises that would likely benefit bitcoin and the greater crypto industry. The post-election bitcoin price run has shown no signs of slowing down. The
Bitcoin Hits All-Time High After Trump’s Election Win Read More »
Key Takeaways Bitcoin price was recently hovering around a three – month high just below the closely watched $67,000 mark. The digital asset, currently around 6% higher this week, has received a boost in recent days from significant inflows into spot Bitcoin exchange traded funds (ETFs). So far this week, the 12 U.S. funds have
Bitcoin Price Analysis: Near Three – Month High, Bullish Targets and Support Levels Read More »
Bitcoin experienced a significant rise on Monday, which positively impacted the stocks of companies associated with the cryptocurrency sector. This upward movement coincided with a broader market rally, including the tech-centric Nasdaq Composite, which started the week on a high note. The surge in Bitcoin’s value, which approached $66,000 and saw a 6% increase over
Key Takeaways: The Securities and Exchange Commission (SEC) has appealed a 2023 federal ruling that determined XRP tokens were not securities under securities laws. Ripple Labs’ digital asset, XRP, experienced a significant drop in value, losing as much as 11% on Thursday before recovering some losses. This appeal by the SEC could potentially hinder the
SEC Appeals Federal Ruling on XRP Status, Impacts Ripple and Proposed ETF Read More »
The Federal Reserve announced a significant interest rate cut of 50 basis points on Wednesday, which has had a positive impact on the cryptocurrency market. This decision has lifted shares of top cryptocurrencies and some crypto-linked shares. Bitcoin, often perceived as a risk-on asset, tends to rise when there are indications that the Fed will
Federal Reserve’s Interest Rate Cut Boosts Cryptocurrency Prices Read More »
The Bitcoin Dominance Index (BDI), which gauges Bitcoin’s proportion of the total cryptocurrency market, has reached 61.39%, a high not seen since March 2021. Ether, often considered Bitcoin’s primary competitor, has lost nearly all gains against Bitcoin since the U.S. Election Day. Several factors may be contributing to Bitcoin’s growing dominance in the market, including
Bitcoin Dominance Reaches New Heights: Market Analysis and Implications Read More »
Key Takeaways Bitcoin and crypto prices fell sharply on Monday, as market turmoil triggered by concerns around the U.S. economy spread beyond stocks. Crypto markets may face volatility ahead due to continued economic uncertainties, though some analysts think that the downside for bitcoin, which gained ground Tuesday, may be limited. Some experts say the recent
Bitcoin and Crypto Prices Plummet Amid Economic Concerns: What’s Next? Read More »
