Tag Archives: Bitcoin

Large investors — or so-called whales — bought great quantities of Bitcoin (CRYPTO: BTC) when it briefly dipped at the $30,000 price level. What Happened: In a recent report by blockchain analytics company Chainalysis, the firm’s Chief Economist Philip Gradwell explains that whales bought 77,000 bitcoin last week, now worth over $3 billion. This is the conclusion drawn by the company from its analysis of blockchain transaction data. Bitcoin’s price dipped briefly to a 5-month low under… Source link

filadendron / Getty Images Elon Musk made waves in February when he announced that Tesla was buying $1.5 billion worth of Bitcoin and accepting the world’s most popular cryptocurrency as payment for its vehicles — yet another first for Musk in the auto industry. The revolution was short-lived. Support Small: Don’t Miss Out on Nominating Your Favorite Small Business To Be Featured on GOBankingRates — Ends May 31 What is often left out of the discussion about Bitcoin is how terrible it is… Source link

Benzinga AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

Benzinga AMC & GME are Not the Only Reddit Penny Stocks to Buy According to Top Wall Street Analysts If you’re looking for penny stocks to buy right now, I’m sure you’ve seen plenty of attention placed on social media, namely Reddit. The phenomenon that began earlier in the year thanks to GameStop (NYSE: GME) stock has caused an avalanche of trading activity spilling over into other heavily shorted names. Whether you’re talking about beaten-down meat alternative stocks like Beyond Meat… Source link

Bearish news is causing the crypto market to dip and uncertainty reigns as to when prices might pick up again. Bitcoin (BTC) trading around $35,889 as of 21:00 UTC (4 p.m. ET). Slipping 7.6% over the previous 24 hours. Bitcoin’s 24-hour range: $35,453-$39,053 (CoinDesk 20) Ether (ETH) trading around $2,506 as of 21:00 UTC (4 p.m. ET). In the red 9.3% over the previous 24 hours. Ether’s 24-hour range: $2,443-$2,784 (CoinDesk 20) Bitcoin dumps on doubt Bitcoin, the world’s largest… Source link

Bloomberg Is Gold Set to Tear Even Higher? Four Key Charts to Watch (Bloomberg) — Just when the vaccine rollout and economic optimism left gold looking like last year’s metal, it staged a recovery.Bullion is one of the best-performing commodities this month, erasing almost all of this year’s losses. Investors have been lured back by gold’s appeal as an inflation hedge, while the Federal Reserve maintains its monetary stimulus and says price pressures should prove temporary. Spot gold… Source link

Bitcoin is nursing losses on Friday despite hopes of more inflation-boosting U.S. stimulus to come. On Friday, President Joe Biden is set to release his first full budget, seeking $6 trillion in federal spending for the fiscal year 2022 and $8.2 trillion by 2021, The New York Times reports. The proposal shows the Biden administration remains undeterred by recent inflation fears and is unlikely to close the liquidity tap anytime soon, having already pumped trillions of dollars into the system… Source link

TipRanks Billionaire George Soros Picks Up These 3 “Strong Buy” Stocks Some investors achieve legendary status, rising far above their peers on a combination of luck and success. Perhaps no one exemplifies this more than George Soros, the Holocaust survivor who, after the war, earned a doctorate from the London School of Economics and went into the banking industry to make his mark. He was wildly successful. The hedge fund he founded, Soros Fund Management, earned an average annualized… Source link

It is already impossible for a single entity to kill bitcoin and its underlying blockchain technology, so state governments and regulators should embrace blockchain technology and cryptocurrencies, said the chief executive of the world’s biggest cryptocurrency exchange. “I don’t think anyone can shut it down now, given that this technology, this concept, is in 500 million people’s heads,” Binance CEO Changpeng “CZ” Zhao said in a pre-recorded interview shown during CoinDesk’s Source link