Tag Archives: Bitcoin

(Bloomberg) — Bitcoin and most other top cryptocurrencies fell on Sunday on concerns that there may be a further crackdown on the industry in China and as a report from Goldman Sachs Group Inc. served as a reminder that institutional adoption may be a long process. Bitcoin and many others in the top 30 cryptocurrencies excluding stablecoins declined in the past 24 hours as of 12:20 p.m. in London on Sunday, according to pricing data from CoinGecko, though No. 2 Ether was slightly higher…. Source link

(Bloomberg) — El Salvador’s Nayib Bukele, Latin America’s youngest president who’s known to break from the norms, said he plans to send legislation that would make Bitcoin legal tender in the country. “In the short term, this will generate jobs and help provide financial inclusion to thousands outside the formal economy,” Bukele said in a video broadcast at the Bitcoin 2021 conference in Miami. He said he would submit the legislature a bill next week. In a series of tweets, the… Source link

Bloomberg China Tech Crackdown Cycle Nearing an End, Top Investor Says (Bloomberg) — Beijing’s antitrust crackdown on homegrown tech giants may be coming to an end, leaving stock valuations of some of the major firms at attractive levels.That’s the view of Hyomi Jie at Fidelity International Ltd., whose China consumer equity funds oversee $7.3 billion in assets. One has beaten 96% of peers in the past year. Hong Kong-based Jie sold some of her holdings in Alibaba Group Holding Ltd. and… Source link

Reuters Nippon Steel may beat profit forecast on strong overseas demand – executive Nippon Steel, the world’s No.3 steelmaker, may beat its own profit forecast for the year to March 31, 2022, as its exports and overseas businesses benefit from robust demand and strong steel prices, a senior company executive told Reuters. “Overseas steel demand is fairly strong,” Executive Vice President Takahiro Mori said in an interview. “As China, which produces nearly 60% of global steel, intends to cut… Source link

Elon Musk’s repeated criticisms of bitcoin (BTC-USD) appear to have come at a cost — at least when you look at how people are feeling about him on Twitter. According to data from sentiment tracking company Awario shared exclusively with Yahoo Finance, the positive-to-negative sentiment of tweets about Musk reached a new low in May, falling significantly around the same time cryptocurrency prices plunged after Musk started criticizing bitcoin and announced Tesla would no longer accept it as… Source link

Buyers have attempted to push prices higher to new growth levels, but these attempts have not succeeded in the past few days. This is because the broader market sentiment which always favors the sellers always often pushes the price downward. Bitcoin’s Rejection at $38,000 Shows the Buyer’s Weakened Accumulation Despite the fears of a clampdown on Bitcoin in China, the press is notably at odds with the possibility of succeeding with banning the merging asset. Although the market may… Source link

Investors have been selling bitcoin for the past week, according to on-chain data. Meanwhile, ether’s daily trading volumes have consistently outpaced BTC’s.  Bitcoin (BTC) trading around $35,987 as of 21:00 UTC (4 p.m. ET). In the red 2.5% over the previous 24 hours.Bitcoin’s 24-hour range: $35,754-$37,833 (CoinDesk 20)Ether (ETH) trading around $2,549 as of 21:00 UTC (4 p.m. ET). Losing 3.2% over the previous 24 hours.Ether’s 24-hour range: $2,532-$2,734 (CoinDesk 20) Bearish… Source link

TipRanks 2 Big Dividend Stocks Yielding 7%; Analysts Say ‘Buy’ Let’s talk about defending your portfolio. It’s a common impulse for most investors, when the economy starts to turn sour. We’re in a growth phase now, with economic activity rebounding strongly from the corona-crisis shutdowns, and with reopening getting into full stride, economists are predicting up to 8% GDP expansion this year. But there are clouds on the horizon. Inflation is rising, and the April jobs report was,… Source link

TipRanks 3 ‘Strong Buy’ Stocks with 100% Upside Potential Every stock investor wants a strong return; that’s axiomatic, it’s why people get into the stock market to begin with. But the markets are inherently risky, and finding the sweet spot – the right combination of risk and reward – seems as much an art as a science. You can use science, however, to minimize the risk. We’re talking about statistical science, the study of numbers, their patterns, and the relationships between… Source link

Bloomberg A Sizzling Rally Lures India’s Top Bank to Do More Equity Deals (Bloomberg) — A hot equity market in India is prompting HDFC Bank Ltd. to try to muscle in on the action as companies raise record levels of funding.The government has flooded the market with money in response to one of the world’s worst outbreaks of coronavirus, pushing stocks to dizzying levels and helping companies to boost capital buffers. Despite being India’s most valuable lender, HDFC Bank so far hasn’t… Source link