A bold forecast for Bitcoin’s future price: $150,000 could be on the horizon in 2025. Bitcoin (BTC -1.38%) is changing hands for approximately $43,100 per coin today. That’s 37% below the all-time high of $68,790, recorded in November 2021 — just before the inflation crisis besieged all sorts of financial markets. But the oldest and largest cryptocurrency has […]
Stocks are back near record highs with the S&P 500 finishing Friday at 4,959, its highest close ever. All three major indexes logged gains for the week, surviving a tumultuous week of trading. Stocks initially slid following lackluster tech results from Microsoft (MSFT) and Alphabet (GOOG, GOOGL), and sold off further on Wednesday when Fed Chair […]
Artificial intelligence (AI) is changing the face of the stock market’s leadership group. Wall Street analysts love grouping stocks because it helps investors separate the market’s top performers from the rest of the pack. For instance, the FAANG acronym was coined by CNBC financial analyst Jim Cramer in 2017 to describe five of the largest technology companies […]
Bitcoin remains stuck in a range and is on target to end the week with a marginal gain of about 2%. Trading suite DecenTrader said in an update that the sideways price action could continue for one more month before a buying surge in anticipation of the halving in April. While the spot Bitcoin exchange-traded funds […]
Asia-Pacific markets mostly fell Tuesday, with Hong Kong markets leading losses in the region as investors continue to grapple with the fallout from Evergrande’s liquidation order. On Monday, shares of the embattled property developer were halted after plunging more than 20%. A Hong Kong court ruled to liquidate the firm, which was once considered one […]
Meta Platforms’ (META) stock rocketed higher on Friday, climbing more than 20% after the company posted better-than-expected earnings and guidance and announced new shareholder return initiatives. With Friday’s rally, the company added nearly $200 billion to its market cap, a stock market record according to Bloomberg data. Meta shares were trading around $475 on Friday; […]
Bitcoin fell into the Feb. 2 Wall Street open as United States unemployment data produced a surprise surge. Markets slash odds of March Fed rate cut Data from Cointelegraph Markets Pro and TradingView tracked a $500 hourly candle dip on Bitstamp. Bitcoin reacted immediately to U.S. nonfarm payrolls, which came in at nearly double estimates for January: 353,000 versus 185,000 […]
What exactly is bitcoin mining doing to the electric grid? In the last few years, the US has seen a boom in cryptocurrency mining, and the government is now trying to track exactly what that means for the consumption of electricity. While its analysis is preliminary, the Energy Information Agency (EIA) estimates that large-scale cryptocurrency […]
Bitcoin held near $42,000 on Jan. 27 as late-week BTC price gains made traders confident about fresh upside. Bitcoin seen rechallenging $48,000 Data from Cointelegraph Markets Pro and TradingView showed classic cool weekend price action entering, with $41,800 as a focus. The day prior saw 5% upside, with Cointelegraph reporting on improving market conditions relative to past weeks. The same topics […]
With the S&P 500 (^GSPC) closing at a record high this week, a debate on Wall Street has predictably broken out over whether stocks are overvalued. But multiple strategists told Yahoo Finance this week that market history shows these fears are ultimately misplaced. “When we look at the relationship between the market’s multiple and forward […]
Rivian CEO RJ Scaringe on Friday discussed the electric vehicle market with CNBC’s Jim Cramer, saying EV automakers need to give consumers a wider variety of models to choose from. “What I think we’re witnessing today is a lack of choice,” Scaringe said. “There’s not enough vehicles across price points and form factors to give […]
Bitcoin’s fall following this month’s ETF launches has much of the crypto community wondering what happened to “buy the rumor, buy the news”?! Why it matters: These cries of disappointment show a blindspot in the industry’s understanding of how Wall Street picks up new things. Yes, but: Don’t blame the ETFs. The big picture: If anything, blame the hype around ETFs for the lackluster […]
