The share price of Donald Trump’s social media company jumped more than 50% minutes after it began public trading under the ticker DJT on Tuesday morning. Trading in the Trump Media & Technology Group was briefly halted amid the rise due to volatility before it resumed around 9:40 a.m. ET. More than 6.5 million shares […]
Stock futures are up modestly Tuesday night following a losing session on Wall Street that pulled the indexes further from record levels. Futures tied to the Dow Jones Industrial Average added 87 points, or 0.2%. S&P 500 futures and Nasdaq 100 futures each also rose 0.2%. Those moves following a negative day for the three major indexes. The Dow slipped nearly 0.1%, while the Nasdaq Composite fell […]
The Argentine province of Mendoza is famous for its vineyards and full-bodied Malbecs. But the popular wine region in the foothills of the Andes mountains is also home to the world’s second-largest shale gas reserve called Vaca Muerta, which translates to “dead cow.” For two Texas-based bitcoin miners, the oil deposit offers a dream resource: […]
As the world gets into a frenzy around the coming Bitcoin halving – and the price of bitcoin (BTC) as a result – it’s important to take a moment for a reality check. The halving is a non-event for the vast majority of the world. At its core, it’s a simple evolution in how much […]
The Nasdaq Composite is officially in a bull market, a milestone the index has reached only eight other times since 1990.The Nasdaq Composite (^IXIC 0.16%) is one of three major U.S. financial indexes, the other two being the S&P 500 (^GSPC -0.14%) and the Dow Jones Industrial Average (^DJI -0.77%). Whereas the S&P 500 is […]
The Federal Reserve told the stock market what it wanted to hear last week. News Wednesday that the central bank still expects to cut interest rates three times this year sent stocks to record highs. Despite a pullback on Friday, the major averages finished the week with gains north of 2% across the board. In […]
Borroe Finance (ROE), an AI-driven altcoin, is making waves, as SHIB records a decline, while XRP revisits its 2023 highs. SHIB’s sharp price crash: A volatility showcaseIn the electrifying arena of cryptocurrency, where fortunes can pivot faster than a tweet can trend, recent market movements have painted a dramatic landscape. SHIB, the meme coin that […]
Bitcoin is on target to end the week in the red, but a positive sign for the bulls is that the price has recovered from the intra-week low of about $61,000 to over $65,000. This shows that traders remain long-term bullish and are buying the dips. CryptoQuant CEO Ki Young Ju expects inflows into spot […]
The price of shares in Digital World Acquisition Corp. closed trading Friday nearly 14% lower than their opening price after the shell company’s shareholders approved a merger with the social media company owned by former President Donald Trump. DWAC had opened the trading day at $44.20 per share, but quickly tumbled on the heels of the vote. By the market close, DWAC shares […]
Bitcoin investors are always waiting for and excited by volatility but seldom enjoy it when a price pump is followed by a sharp correction that triggers forced liquidations in futures contracts and amplifies the downside price movement. Bitcoin futures play an essential role since traders can use leverage; thus, the larger this market becomes, the […]
Just two years ago, it would have been close to impossible to find many billionaires seriously thinking about adding Bitcoin (CRYPTO: BTC) to their portfolios. But a lot has changed since then, including a crypto bull market and a wave of mainstream adoption powered by the new spot Bitcoin ETFs. As a result, a growing number of billionaires around […]
Ark Invest CEO Cathie Wood called bitcoin (BTC) a “financial super highway,” emphasizing the important use cases for the cryptocurrency in emerging markets. Wood, whose Ark Invest recently became one of the issuers of a spot bitcoin exchange-traded fund (ETF), ARKB, said the asset manager is focused on emerging markets and the macro environment worldwide, which has […]
