The S&P 500 was lower on Wednesday, pulling back from a record reached in the previous session, as Nvidia cooled off from its red-hot rally. The broad market index slipped 0.19% to close at 5,165.31, while the Nasdaq Composite lost 0.54% to 16,177.77. The Dow Jones Industrial Average added 37.83 points, or 0.1%, to finish the session at 39,043.32. Nvidia shares were […]
European equity futures struggled for momentum and stocks in Asia traded little changed, with investors awaiting readings on US inflation for clues on the Federal Reserve’s interest-rate path. Euro Stoxx 50 futures signaled a muted start, while an Asia Pacific equity gauge was little changed, with Hong Kong and Chinese shares in the red. Japanese […]
Whenever Michael Saylor utters the word “bitcoin,” MicroStrategy shares pop. He has been doing a lot of uttering lately. On Monday, the MicroStrategy founder posted on social media platform X that his company had just purchased another 12,000 bitcoins for close to $822 million “using proceeds from convertible notes & excess cash.” That brings MicroStrategy’s total holdings to […]
Led by the BlackRock Inc.’s iShares Bitcoin Trust (IBIT), inflows to the 10 spot bitcoin ETFs hit a one-day high on Tuesday of over $1 billion, according to the research arm of cryptocurrency exchange BitMex. IBIT generated nearly $850 million in inflows alone for the day. Since it started trading on Jan. 11, IBIT has received more […]
Stocks jumped Tuesday after fresh U.S. inflation data was about in line with expectations, clearing the way for investors to resume buying high-flying tech names such as Nvidia and Meta Platforms. The Dow Jones Industrial Average gained 235.83 points, or 0.61%, to close at 39,005.49. The S&P 500 ticked up 1.12% to finish the session […]
Barely weeks after Japanese stocks broke three-decade highs, the country’s financial markets are hurtling toward another phenomenon not seen for the best part of a generation: rising interest rates. Bankers are attending remedial classes on what to do when rates move and trading rooms are setting up for moribund derivative markets to spring to life — […]
The crypto wallets of Elon Musk’s companies have been located, according to blockchain analytics company Arkham Intelligence. Arkham cross-referenced financial reports with on-chain activity to locate the massive wallets. Tesla Inc. and SpaceX have a combined total of around 19,800 Bitcoins, according to Arkham. The stash is divided across many wallets: Tesla holds around 11,500 […]
It’s still early in the Bitcoin bull market because the BTC price of $71,000 is equivalent to the $20,000 mark of the previous bull cycle, according to Willy Woo, a Bitcoin analyst and managing partner at CMCC Crest. Woo’s Bitcoin price model upper bound is $337,000 Bitcoin breached the record $71,000 mark on March 11, […]
Stocks finished the week lower after a sell-off in tech led the markets lower Friday as the tech-heavy Nasdaq Composite (^IXIC) led the losses for the week, falling more than 1%. Still, the equal-weighted S&P 500 logged a weekly gain for the 7th-straight week as investors continue to look outside the “Magnificent Seven” tech leaders […]
Stocks actually don’t need the Federal Reserve to lower interest rates in 2024 to keep soaring, according to Ken Fisher, the billionaire founder and co-CIO of Fisher Investments. While markets are still betting that long-awaited cuts will transpire before the end of the year, investors actually have a misunderstanding of how interest rates affect different […]
In typical fashion, Bitcoin (CRYPTO: BTC) is, once again, rising from the ashes. Recently hitting a new all-time high of more than $69,000, the brutal crypto winter that lasted much of 2022 is now but a distant memory. Despite doubling in just over four months, there is still plenty of reason to believe Bitcoin (and […]
Bitcoin will hit $1 million sooner than 2030, the CEO of asset manager ARK Invest has said. In an interview with the New Zealand Herald on March 7, Cathie Wood revealed “new expectations for institutional involvement” in BTC price growth. Wood: $1 million 2030 BTC price target has been “brought forward” Bitcoin has transformed since the launch of the […]
