Bitcoin hits record high followed by sharp sell-off

Bitcoin, the world’s largest cryptoasset, reportedly hit a new all-time high of $19,510 yesterday, beating the previous high of $19,458 set in December 2017, according to the Financial Times (FT). The cryptoasset has risen 75% in the past three months. From lows in March it has returned a staggering 400%. The record high was disputed by someContinue reading “Bitcoin hits record high followed by sharp sell-off”

Dow closes above 30,000 for the first time ever

On Tuesday, the 124-year old Dow Jones Industrial Average closed above the 30,000 point mark for the first time in its history, almost four years after it first crossed the 20,000 mark. The Dow is now up more than 60% since its low in March, and surged through 30,000 with a 1.5% daily gain onContinue reading “Dow closes above 30,000 for the first time ever”

Tesla nears $500bn market cap as markets rally on Trump power transfer

European markets have maintained yesterday’s momentum with news of easing lockdowns in the UK and France adding to the optimism.  The FTSE is up 0.5%, the Dax up 0.4% and the Dow Jones leading way in the US futures market up 1%. Markets around the world rose on Monday and overnight as further vaccine news,Continue reading “Tesla nears $500bn market cap as markets rally on Trump power transfer”

Oil holds near 12-week high, with energy stocks soaring

The price of oil held at over $43 a barrel in overnight trading on Sunday and into this morning’s European open, its highest level since early September. That follows the third straight week of gains for oil prices, as progress towards a widely available Covid-19 vaccine has raised hopes of an improvement in energy demand.Continue reading “Oil holds near 12-week high, with energy stocks soaring”

Stock market predictions and the stocks Australian retail investors will have in their portfolios at the start of 2021

2020 has arguably been one of the wildest years the stock market has ever seen.  Now, as we start to farewell the year that’s been, investors are starting to plan their portfolios for the year to come. With the newly elected president Joe Biden in the US and the race to find a COVID-19 vaccineContinue reading “Stock market predictions and the stocks Australian retail investors will have in their portfolios at the start of 2021”

Stocks swing to loss as Covid-19 surge hits optimism

European shares have followed Wall Street into the red this morning as a worrying rise in Covid cases sees jittery investors sell off stocks. Hot off the heels of the positive news that Pfizer’s vaccine was up to 95% efficacy, the US death count hitting the milestone 250,000 mark caused markets to slide. This showsContinue reading “Stocks swing to loss as Covid-19 surge hits optimism”

Bitcoin breaks through $18,000 closing in on all-time high

Bitcoin hit $18,488 during early hours trading this morning before pulling back slightly. The cryptoasset is now trading around $17,800 at the time of writing. It last reached such lofty levels in December 2017. Bitcoin’s market cap has also hit an all-time high of over $330 billion – higher than the previous record of $329.3Continue reading “Bitcoin breaks through $18,000 closing in on all-time high”

Second effective vaccine fuels rally, Tesla joins S&P

Dominating headlines yesterday was the news that Moderna’s Covid-19 vaccine has proven 94.5% effective in a late-stage trial, a week after Pfizer reported similar results in its own trial. More data is expected from the study later this month, and Moderna said that it plans to ask health authorities to clear the vaccine by earlyContinue reading “Second effective vaccine fuels rally, Tesla joins S&P”

In Profile: Meet eToro Popular Investor, Jay Smith

Jay Smith, 28, is one of eToro’s top traders. Highly experienced in Bitcoin and tech stocks, he is on the Popular Investor programme and has many others across the global eToro network learning from his strategies and copying his trades. We spoke to Jay about how his journey so far, online trading strategies and theContinue reading “In Profile: Meet eToro Popular Investor, Jay Smith”

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