Altcoin frenzy pushes crypto market to $2 trillion

BNB rises 50% as Litecoin and Stellar make 16% gains While Bitcoin and Ethereum are resting at the key milestones of $60K and $2k respectively, smaller altcoins are darting ahead, pushing the total crypto market cap beyond $2 trillion for the first time. BNB is the biggest winner of the week with 50% gains, making the market capContinue reading “Altcoin frenzy pushes crypto market to $2 trillion”

Ethereum smashes all-time high as race for smart contract supremacy accelerates

TRX, EOS, and BNB make massive gains as Visa adopts Ethereum As corporations like Visa and PayPal join Wall Street banks in expanding their crypto offerings, Ethereum is setting new all-time highs above $2K. Prices began rising on Wednesday as the market was uplifted by crypto-themed April Fool’s pranks. The Teletubbies tweeted about Bitcoin to advertise their own imaginary cryptocurrency TubbyCoin, and long-termContinue reading “Ethereum smashes all-time high as race for smart contract supremacy accelerates”

Bitcoin navigates choppy waters ahead of historically bullish April

Crypto faces mixed sentiment as Bitcoin ETFs loom on horizon Bitcoin is navigating choppy seas, with waves of conflicting sentiment rocking the market below the critical high watermark of $60K. Prices sank to lows of $50K early in the week on mixed headlines. Two top-tier Wall Street banks announced they were filing for Bitcoin ETFs,Continue reading “Bitcoin navigates choppy waters ahead of historically bullish April”

Crypto Roundup, March 15, 2020: Bitcoin eclipses $60K on the anniversary of Black Thursday

Leading crypto celebrates more than 1400% gains year-to-date Bitcoin surged to fresh highs above $60K on Saturday, marking the one year anniversary of the Black Thursday crash with an astonishing show of strength. The buying frenzy began as another round of government checks hit American’s bank accounts. Biden’s $1.9 trillion plan was signed into law last Thursday afternoon, sparkingContinue reading “Crypto Roundup, March 15, 2020: Bitcoin eclipses $60K on the anniversary of Black Thursday”

Crypto Roundup, March 8, 2021 – Bitcoin reclaims $50k after turbulent week

Market makes comeback amidst accelerating institutional adoption Since falling alongside the stock market early last week, Bitcoin has bounced beyond $50K, bringing most of the crypto market back into the green. The comeback was accompanied by a string of bullish headlines. Goldman Sachs has restarted its crypto trading desk and is considering launching a Bitcoin ETF, Charles Schwab isContinue reading “Crypto Roundup, March 8, 2021 – Bitcoin reclaims $50k after turbulent week”

A market outlook – FTSE 100, China A50 and Nasdaq

If 2020 held twists and turns for global financial markets, 2021 has not disappointed so far either. Despite the global recession and unemployment soaring, world stock markets ended 2020 up 13%, with indexes such as the S&P 500 reaching new highs. As we push into the new year, certain sectors and regions have retained theirContinue reading “A market outlook – FTSE 100, China A50 and Nasdaq”

Big banks kick off earnings season

The year 2020 will go down in history as one of the most volatile, unpredictable, and ultimately profitable in market history. Now, 2021 has begun and the world’s publicly traded companies will start sharing their earnings reports. Traditionally, the first sector to share its reports is the financial sector, and investors are eagerly awaiting theContinue reading “Big banks kick off earnings season”

Global shares follow UK lower as new virus strain sends jitters through markets

Global markets fell overnight, with shares in Asia following the US and UK lower, and only uncorrelated safe havens like gold holding firm, as a new, more virulent strain of the coronavirus takes hold. Japan’s Nikkei and Hong Kong’s Hang Seng both dipped (down 1% and 0.8% respectively), mimicking losses in the US and UKContinue reading “Global shares follow UK lower as new virus strain sends jitters through markets”

Brexit talks stall, ECB set to extend stimulus

European markets have had a muted open this morning as ongoing Brexit talks continue to yield any real progress. The deadline of this Sunday has been set for talks to reach a conclusion and with many markets pricing in an agreement of some sort, a derailment of negotiations could well bring on some significant volatility.Continue reading “Brexit talks stall, ECB set to extend stimulus”

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”

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