Bitcoin eyes $35K after volatile week

Headwinds from China collide with optimism in Latin America Bitcoin is bouncing towards $35K, after a storm of volatility sent the crypto asset down to its lowest point in nearly five months. While enforcement in China and a Bitcoin heist in South Africa have added to the uncertainty pushing prices lower, the market is being supported tailwinds from the West: ElContinue reading “Bitcoin eyes $35K after volatile week”

What are meme stocks? The people-driven market phenomenon explained

From GameStop to AMC, “meme stocks” have become an overnight sensation in global stock markets. These Internet forum-driven stocks have attracted new retail investors into the market and left many hedge fund managers scratching their heads, as they try to tackle this new investment phenomenon. But what exactly are meme stocks and are they hereContinue reading “What are meme stocks? The people-driven market phenomenon explained”

US stocks hit a slump

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week included significant gains for Anavex Life Sciences Corp. (AVXL), MicroStrategy Inc. (MSTR), Monday.com (MNDY), Sunrun Inc. (RUN) and MongoDB Inc. (MDB). Anavex Life Sciences Corp. (AVXL) shares soared when peer-reviewed research on two of the biotech company’s pipeline drugs was published.  Shares ofContinue reading “US stocks hit a slump”

Bitcoin falls 15% on inflation bombshell

Crypto sinks with stocks as the Fed acknowledges inflation Bitcoin has fallen 15% over the last week as the market weighs the impact of big shifts in the crypto ecosystem and broader macro environment. On Wednesday, Fed chairman Jerome Powell acknowledged rising inflation, and responded by bringing forward the timing of the next interest rate hike toContinue reading “Bitcoin falls 15% on inflation bombshell”

Bitcoin bounces as Elon adds to El Salvador optimism

While altcoins bleed, Bitcoin moves in on $40K Bitcoin is bouncing back. The crypto king has reclaimed its throne, and is closing in on $40K as the altcoin market stagnates. El Salvador’s approval of Bitcoin as legal tender on Thursday could be credited with the turnaround, boosting market sentiment and sparking a wave of interest from politicians acrossContinue reading “Bitcoin bounces as Elon adds to El Salvador optimism”

Electric vehicle stocks: the competition is heating up

It is no secret that the electric vehicle (EV) industry has been booming in recent years. With climate change and sustainability becoming more of a focus, sales of EVs have soared. In 2020, global EV sales rose by 43%¹ to 3.2 million, despite the fact that overall car sales declined by 16% due to the coronavirusContinue reading “Electric vehicle stocks: the competition is heating up”

Resurgence tourism an opportunity for investors

In view of rising vaccination rates in Europe and the upcoming summer holiday period, the tourism sector offers opportunities for private investors. “The recovery in tourism is being driven by domestic travel in the countries where vaccination coverage is high,” said Ben Laidler, Global Markets Strategist at the eToro trading platform. “For domestic tourism, weContinue reading “Resurgence tourism an opportunity for investors”

How higher inflation relates to diversification

The importance of diversifying your portfolio cannot be emphasised enough. Diversification is a risk management strategy in which you invest in a variety of different financial assets, and which, in the event of significant market volatility, may reduce your chances of incurring major losses. The importance of diversification can be illustrated in the high inflation period happeningContinue reading “How higher inflation relates to diversification”

A quiet week on Wall Street

Last Week’s Top Five Market Winners Nasdaq Stock Market (NASDAQ) The past week included significant gains for Urban One Inc. (UONE), Adamis Pharmaceuticals Corp. (ADMP), 9F Inc. (JFU), Workhorse Group Inc. (WKHS) and Canaan Inc. (CAN). Urban One Inc. (UONE) shares soared amid investor anticipation of Juneteenth, which celebrates the emancipation of slaves in the US,Continue reading “A quiet week on Wall Street”

Crypto market drifts sideways on announcement at Bitcoin Miami 2021

Will Bitcoin become legal tender in El Salvador? Bitcoin has drifted sideways this week; caught between waves of volatility as bad news from China and tweets from Elon Musk rock the market back and forth. Prices approached $40K on Friday, before Musk tweeted a broken heart emoji with the Bitcoin logo, triggering a 7% drop. FearsContinue reading “Crypto market drifts sideways on announcement at Bitcoin Miami 2021”

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