US stocks gained steam on Thursday afternoon as investors digested megacap tech earnings and waited for Apple (AAPL) results for more clues on prospects for Big Tech. The S&P 500 (^GSPC) gained 0.5%, while the Dow Jones Industrial Average (^DJI) rose nearly 0.4%. The tech-heavy Nasdaq Composite (^IXIC) was up nearly 0.3%. Right ahead of […]
Bitcoin (BTC-USD) soared past $105,000 (£84,359) following the Federal Reserve’s decision to keep interest rates steady, with Fed chair Jerome Powell indicating that banks can serve crypto clients — provided they manage the risks effectively. Bitcoin rallied 3% to now trade at just over $105,000 on Thursday, after dipping to $101,800 on Wednesday, marking its […]
Japan and Australian stocks rose Wednesday as Wall Street rebounded overnight, while several Asia-Pacific markets were closed for the Lunar New Year holiday. Japan benchmark Nikkei 225 ended the day up 1.02% at 39,414.78, while the Topix advanced 0.68% to close at 2,775.59. Japanese tech stocks rebounded after posting losses for several days. Advantest gained 4.36%, Tokyo Electron rose 2.34%, while SoftBank Group […]
A recently published journal article by researchers at BTQ, a startup working to build blockchain technology that can withstand attacks from quantum computers, has proposed an alternative to the Proof of Work (PoW) algorithm involving quantum technology. Proof of Work is a blockchain consensus mechanism that secures the Bitcoin network. Participants crunch through vast amounts […]
Bitcoin (BTC) may drop to $75,000 should it trigger a so-called ‘double top’ bearish reversal pattern. A double top comprises two consecutive peaks at approximately the same price, with a trendline drawn through the low point between these peaks. The failure to break above the previous peak, followed by a subsequent decline, suggests that the […]
Warren Buffett is considered one of the greatest investors in American history. Under his leadership, Berkshire Hathaway (BRK.A 2.50%) (BRK.B 2.48%) shares have returned approximately 5,500,000% since the mid-1960s, compounding at 20% annually. Comparatively, the benchmark S&P 500 (^GSPC -1.46%) has returned about 10.4% annually during the same period. Much of that success can be […]
After hitting a few bumps over the past month, the bull market resumed and stocks hit record highs last week. This happened despite some notable headwinds intensifying in recent months. Long-term interest rates, while off their highs, remain above levels we’ve experienced in recent years. This is a headwind for anyone needing to borrow money […]
MicroStrategy co-founder Michael Saylor posted the Bitcoin tracker for the 12th consecutive week, signaling an impending Bitcoin purchase on Jan. 27. The company’s most recent purchase of 11,000 BTC occurred on Jan. 21, at an average purchase price of $101,191 per coin. According to SaylorTracker, MicroStrategy currently holds 461,000 BTC, valued at approximately $48.4 billion […]
The S&P 500 closed lower after hitting new records on Friday, as investors took some profit to end a solid week centered on President Donald Trump’s return to the White House. The benchmark index shed 0.3% to 6,101.24, reversing course after hitting a fresh intraday record earlier in the session. The Nasdaq Composite slipped 0.5% to 19,954.30. The Dow Jones Industrial […]
Nasdaq has filed a proposed rule change to allow in-kind creation and redemption for the BlackRock iShares Bitcoin Trust (IBIT), according to a Friday filing to the U.S. Securities and Exchange Commission (SEC). The process allows large institutional investors, called authorized participants (APs), to buy and redeem shares of the fund directly to bitcoin (BTC). […]
The dollar was modestly lower on Thursday in a choppy session, after comments from U.S. President Donald Trump called for lower interest rates while providing no clarity on tariffs, and investors awaited a round of policy announcements from global central banks. The dollar is down more than 1% on the week, largely due to a […]
The cryptocurrency market is experiencing volatility as major coins see substantial price movements. Bitcoin, having recently dipped more than 3% to $102,661.93, has secured attention at the World Economic Forum in Davos, Switzerland. BlackRock CEO Larry Fink offered a bold prediction of Bitcoin reaching a remarkable $700,000. Fink points to small allocations by asset managers, […]
