Tag Archives: bitcoins

Bitcoin may have tumbled nearly 20% from an all-time high of nearly $65,000 it hit just 10 days ago, but that might not make $100,000 by the end of the year any less likely.  In fact, according to one forecaster who has a $100,000 year-end price target for bitcoin, a “healthy” pullback might actually strengthen the bull case. “We don’t see this necessarily as something that’s taking us to … a 2017-type market top,” Fundstrat Lead Digital Asset Strategist David Grider told Yahoo Finance on… Source link

Bloomberg Asia Stocks Bounce, U.S. Futures Dip; Dollar Flat: Markets Wrap (Bloomberg) — Asia stocks bounced after U.S. equities rallied, snapping a two-day drop with gains by companies that stand to benefit the most from an economic revival. The dollar stabilized.Japan outperformed, while Australia, South Korea and China had more modest gains. U.S. futures edged lower. Earlier, most major groups in the S&P 500 rose, with raw-material, energy and financial shares leading the charge. The… Source link

Bloomberg As Sanjeev Gupta Rose From Trader to Tycoon, Several Banks Backed Away (Bloomberg) — British industrialist Sanjeev Gupta’s companies seemed to be prospering until his main lender, Greensill Capital, imploded last month. But long before Greensill collapsed, several banks had cut off the commodity trading business of Gupta’s Liberty House Group.Four banks stopped working with Gupta’s commodity trading business, starting in 2016, after they became concerned about what they… Source link

The battle over bitcoin’s evolving role just became a piece in a complex game of political strategy. Peter Thiel’s talk earlier this week at a Richard Nixon Foundation event thrust the cryptocurrency even further out onto the geopolitical stage and highlighted two important macro narratives that investors should keep an eye on, not just for their potential impact on crypto returns. Here’s one extract from his comments: Related: JPMorgan Testing Blockchain Solution to Improve Transfers… Source link

The Guardian US economy adds 916,000 March jobs as vaccine rollout fuels hiring boom Unemployment at 6% as businesses reopen and hire workersData shows 30% of Americans have had at least one vaccine shot Sous chef Francisco Lopez at the Buya restaurant in Miami last month. The data suggests the worst of the pandemic-related jobs slump may be over – but issues remain. Photograph: Joe Raedle/Getty Images The US labor market went on a hiring spree in March, adding 916,000 jobs amid the… Source link

Bitcoin might be diminishing in a quality that’s long been a sore spot for criticism: volatility. One critical gauge shows the cryptocurrency’s expected price swings are now at their lowest point in three months. The cryptocurrency’s implied volatility, or expectations for price turbulence, declined to an annualized 75% early Monday, based on calculations using options premiums with a one-month horizon. That’s the lowest since Dec. 25, according to data provider Skew. They peaked… Source link

TipRanks AI Is Here; 3 ‘Strong Buy’ Stocks That Stand to Benefit Hi tech is the cool kid of investment sectors, offering an unbeatable combination of cutting edge chic and long-term stock market returns. It’s understandable; our digital world has clearly passed a point of no return in the integration of tech with our daily lives. Tech companies, whether large or small, are clearly in a position to gain from this trend, offering the products and innovations that will facilitate and expand… Source link

(Bloomberg) — Trouble may be brewing in China for Bitcoin’s raucous and divisive rally as the nation pushes ahead with a world-leading effort to create a digital version of its currency. That’s because the eventual rollout of the virtual yuan could roil cryptocurrency markets if Chinese officials tighten regulations at the same time, according to Phillip Gillespie, chief executive of crypto market maker and liquidity provider B2C2 Japan, which mainly works with institutional… Source link

(Bloomberg) — Bitcoin is nursing losses after its worst weekly plunge in almost a year and on one view its longer term outlook could be even worse because of environmental concerns and tightening regulations. The sheer amount of energy needed to mine Bitcoin and the prospect that governments will create more obstacles for the largest cryptocurrency point to the token losing “most of its value over time,” BCA Research Inc. said. The expense and slowness of Bitcoin transactions make it… Source link

The enthusiasm over bitcoin’s rise this year has fed on itself, drawing in new investors and sending the price ever higher. But that enthusiasm — ebullience, even — may also present the cryptocurrency’s current biggest risk. Part, if not all, of bitcoin’s (BTC-USD) appeal for many investors is that it’s seen as a store of value. That is, it has value because it’s perceived to have value. While longtime bitcoin buyers may believe the cryptocurrency will become a valid alternative currency,… Source link