Tag Archives: Musk

(Bloomberg) — Dogecoin, the Shiba Inu-themed cryptocurrency started as a joke in 2013, outperformed top rivals in the week as it launched on the Coinbase exchange. While the biggest cryptocurrencies Bitcoin and Ether were up 6.2% and 14.9% over the past seven days respectively, Dogecoin advanced 24% over the same period as of 7:50 a.m. in London, according to CoinGecko pricing. While Coinbase said weeks ago that it planned to add Dogecoin, the announcement that it now supports the meme-based… Source link

After the price of bitcoin fell Friday following Elon Musk’s “breakup tweet,” Alex Machinsky, CEO of Celsius Network, discounted the Tesla (TSLA) CEO’s role in cryptocurrency at the Bitcoin Conference 2021 in Miami. “Elon [Musk] is a tourist in crypto,” Mashinsky told Yahoo Finance Live. “He’s here to collect followers. I don’t think he’s here to make the world a better place, and we can go to where we’re going with Elon or without Elon.” Bitcoin’s (BTC-USD) price fell nearly 7… Source link

By Tom Westbrook SINGAPORE (Reuters) -Bitcoin slipped 4% on Friday after Tesla boss Elon Musk was at it again – this time firing off a few tweets that appeared to lament a breakup with the cryptocurrency. Tesla’s big position in bitcoin and Musk’s large personal following often set crypto markets on edge whenever he tweets, and the price fell after he posted “#Bitcoin”, a broken-heart emoji and a picture of a couple discussing a breakup. Musk followed that up by posting a breakup comic strip… Source link

More financial advisers are adding cryptos them to their clients’ portfolios. Photo: Getty Images Dogecoin (DOGE-USD) rose sharply after cryptocurrency exchange platform Coinbase announced it will begin accepting inbound transfers of the joke token that also continues to receive support from Tesla (TSLA) chief Elon Musk. The crypto was up 30% on Wednesday morning, trading at $0.42 (£0.3).  Musk, responding to the news about Coinbase, retweeted a picture that shows dogecoin taking over the… Source link

Bloomberg Investment Firms Bet Against Cathie Wood’s Top ETF as Tech Faltered (Bloomberg) — Cathie Wood’s recent travails have been a boon for some of her peers in money management.About two dozen investment advisers including Balyasny Asset Management and a unit of Blackstone Group Inc. bought bearish put options during the first quarter on the Ark Innovation exchange traded fund, her firm’s main investment vehicle, regulatory filings show.While money managers often buy puts on ETFs to… Source link

Dogecoin, which started as a joke crypto token, has swung to and fro on Elon Musk’s tweets. Photo: Yuriko Nakao/Getty Images The price of Dogecoin (DOGE-USD) spiked on Thursday, before retreating slightly, after Tesla (TSLA) founder Elon Musk again posted his support for it on social media. The cryptocurrency climbed as high at $0.40 (£0.28) from lows of $0.29 earlier in the day after a brutal sell-off on Wednesday. The price of dogecoin spiked immediately after Musk tweeted on Thursday…. Source link

TipRanks Goldman Sachs Predicts Over 50% Rally for These 3 Stocks Take a good look at the headlines, and you’ll be excused for thinking that we’re back in 1979. The late Carter years are remembered as the time of ‘stagflation:’ high inflation, high unemployment, fuel shortages, and a general malaise. So far, we’ve seen fuel shortages and gas station lines across the Southeast, rising commodity and housing prices, and unemployment ticking up even as the number of job openings… Source link

Cryptos recovered some of their earlier losses which had been triggered by Tesla’s Elon Musk. Photo: Reuters Cryptocurrencies ticked up on Tuesday morning, recovering the losses from the weekend after Tesla (TSLA) chief Elon Musk sparked a sell-off.  Meanwhile, a new cryptocurrency called Stopelon has been launched purely to limit Musk’s influence over the volatile market. Bitcoin was up (BTC-USD) 1%, trading at $45,005.418 (£31,708.12). Ethereum (ETH-USD) the second-biggest crypto by market… Source link

(Bloomberg) — For a second week, the crypto market is being ruled by tweets from billionaire Elon Musk. The Tesla Inc. chief sent Bitcoin rallying back above $45,000 on Monday after clarifying that the company hasn’t sold any holdings of the digital token. It’s the latest post to whipsaw prices across the industry and fuel speculation over just why the electric-car pioneer is issuing crypto missives on a daily basis on Twitter. “He has to wake up to the reality that with his following,… Source link

Bloomberg The World Economy Is Suddenly Running Low on Everything (Bloomberg) — A year ago, as the pandemic ravaged country after country and economies shuddered, consumers were the ones panic-buying. Today, on the rebound, it’s companies furiously trying to stock up. Mattress producers to car manufacturers to aluminum foil makers are buying more material than they need to survive the breakneck speed at which demand for goods is recovering and assuage that primal fear of running out. The… Source link