Category: Stocks

Stocks slide as dollar hits 4-month highs: Why Bitcoin price is slumping below $50K

March 5, 2021

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The price of Bitcoin (BTC) is extending its slump below $49,000 on March 5 as the U.S. dollar index (DXY) reached the highest levels since November 2020.   DXY (blue) vs. BTC/USD (orange). Source: Tradingview Meanwhile, the prospect of rising rates and a potential stock market top is putting downward pressure on equities and Bitcoin, causing […]

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Grayscale’s Bitcoin premium has dropped to record lows below zero

February 27, 2021

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Grayscale Investments’ GBTC might be the absolute market leader but it is currently trading below fair value as the TSX Purpose Bitcoin ETF is seeing record inflows. 19195 Total views 35 Total shares Grayscale Bitcoin Trust ($GBTC) is currently the largest listed cryptocurrency asset with $30.17 billion in assets under management. The firm currently holds […]

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Increasing stock market volatility drags Bitcoin and altcoin prices lower

February 26, 2021

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The cryptocurrency market faced another day of downward pressure as the unease in the traditional markets continues to spread following the recent interest rate spike on the 10-year U.S. Treasury bond.  Data from Cointelegraph Markets and TradingView shows that the price of Bitcoin (BTC) fell to a low at $44,710 late on Feb. 25 before […]

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Crypto is ‘poorest hedge’ for drawdowns in equities, JPMorgan analysts say

February 19, 2021

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Analysts bashed Bitcoin despite JPMorgan co-president Daniel Pinto claiming that Bitcoin adoption is inevitable at some point. 8347 Total views 25 Total shares Analysts at American investment bank JPMorgan Chase have delivered another skeptical statement on Bitcoin (BTC), arguing that its current price is much higher than its fair value. In a regular memo for […]

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Robinhood CEO calls on SEC to revise ‘outdated’ trading rules

February 18, 2021

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Robinhood CEO Vlad Tenev denied that the platform was helping hedge funds, calling on the SEC to get rid of a two-day settlement rule. 2144 Total views 22 Total shares United States lawmakers are set to grill Robinhood CEO Vlad Tenev over the GameStop trading frenzy at a Congressional hearing later today. In his prepared remarks, […]

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Coincidence? Company stocks rise after they buy Bitcoin as a reserve

February 10, 2021

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It seems to be the season of giving, and Bitcoin is doing just that, at least for its institutional backers, such as MicroStrategy, Galaxy Digital, Square and Marathon Patent Group, which got in somewhat early on the BTC gravy train. In this regard, PayPal revealed on Feb. 4 that its fourth-quarter profits for the year […]

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Cryptocurrency market cap hits $1.4T and surpasses Google stock

February 10, 2021

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Total crypto market cap overtook Google stock days after Tesla announced a $1.5 billion Bitcoin investment. 12344 Total views 145 Total shares Cryptocurrency markets have hit a significant milestone shortly after Elon Musk’s Tesla officially announced their investment in Bitcoin (BTC). For the first time in history, the crypto market has surpassed Alphabet’s GOOG and […]

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DOGE and XRP rally as pump and dumps sneak back into crypto markets

February 7, 2021

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The rise of interest in cryptocurrencies amid Bitcoin (BTC) and Ether (ETH) bull runs often goes hand in hand with the proliferation of scams and manipulation schemes related to various altcoins. One of the main manipulation schemes running in the crypto markets is pump and dumps. These schemes artificially inflate the price of the asset […]

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Time to shine? Crypto should be given a chance after GameStop drama

February 6, 2021

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What happened to GameStop’s stock at the end of January will be remembered by investors for years to come, as it was probably the first time in the history of the “free market” that a group of self-described internet “degenerates” outsmarted a bunch of Wall Street pros at their own game. As a recap, on […]

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Wallstreetbets vs. Wall Street: A prelude to DeFi bursting onto the scene?

February 5, 2021

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Was last week’s Reddit versus Wall Street stand-off really the “beginning of the end for centralized finance,” as Gemini founder Tyler Winklevoss described it? Or was it just a one-time instance of individuals coming together to right a perceived wrong — with no long-term economic consequences? As GameStop, a struggling videogame retailer, came under attack […]

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