Tag Archives: spike

Bitcoin market analysts are speculating over what fueled the cryptocurrency’s price jump on Monday, and some of the experts say a short squeeze of heavily leveraged traders may have added to upward pressure on prices. Bitcoin and other cryptocurrencies have risen dramatically over the past 24 hours. Bitcoin, the world’s largest cryptocurrency, was trading at $39,189 at press time, for a 15% price gain.  Short liquidations – bearish trades where the principal was wiped out due to margin… Source link

Just when we thought that COVID was starting to fade, the Delta variant has come our way. Is this the dreaded vaccine-resistant wave that will put economies back into lockdown? So far, at least, that doesn’t appear so – while this variant has shown the ability to infect people who are fully vaccinated, the vaccines have also shown efficacy in preventing serious illness, even from the Delta variant. What we’re looking at is an increase in cases, but a decrease in serious… Source link

Bitcoin breaks above $35,000 as whales cause the biggest daily accumulation spike of 2021 with 60,000 worth of BTC being purchased. For the first time in weeks, bitcoin managed to gain over the weekend. The crypto has climbed over 5% between Saturday and Sunday. One of the key reasons why bitcoin is up over the weekend could be credited to a surge in buying from whales. According to on-chain analysis company Santiment, whales have purchased 60,000 bitcoin in one day. In a recent tweet,… Source link

Photo illustration: Yahoo News; photos: Getty Images Thanks to a sharp rise in crime in an affluent district in Atlanta, residents have mounted a campaign to secede from the majority Black city. The Buckhead district is known for its luxury high-rise apartments, lavish restaurants and trendy boutique shops, but a spike in robberies, aggravated assault and larceny over the past year has left many in the community dismayed. Saying that Atlanta has abandoned them, they’ve formed the Buckhead… Source link

Let’s step back and take a look at the big picture, while keeping stocks in focus. Both the S&P 500 and the Nasdaq hit a series of record highs — mainly due to increasing investor confidence that the current inflationary environment will be a transitory event rather than a sustained trend. Clearly, investors are not shy about stocks, even though the Commerce Department’s inflation indicator for May hit 3.4%, it’s fastest rate of increase since the 90s.  Given this alarming… Source link

Consumer spending has long been the engine of the US economy, which is what made the social lockdown policies put in place against COVID so devastating. By forcing the public to stay home, the policies effectively shut down the main source of economic activity. Fortunately, we are now on an upswing; COVID is on the wane, most of the restrictions have been, or are being, lifted, and economic activity starting to buzz again. A flood of cash, from stimulus checks, tax credits, and accumulated… Source link

Stocks rose on Monday, extending advances after stocks’ best week since November last week. The Dow added more than 100 points, or 0.4%, to a fresh record high, and both the S&P 500 and Nasdaq also reached record intraday levels. Bitcoin prices spiked more than 12% to a record high of more than $43,000 after Tesla disclosed it purchased $1.5 billion of the cryptocurrency and may start allowing customers to use Bitcoin to purchase products. Investor optimism over another round of fiscal… Source link

Mozilla’s revenue in 2019 shot up by almost 84% compared to the year before, but the bulk of that increase came from a one-time settlement the organization received from Yahoo and its successor, Verizon Media. Without that financial shot in the arm, Mozilla’s 2019 financials looked much grimmer; for the second year running, Mozilla’s expenses outweighed revenue. According to the 2019 financial statement released by the maker of the Firefox browser, Mozilla posted… Source link

A really bad season for Syracuse just got worse. The Orange entered Saturday’s home game against NC State on a six-game losing streak and holding a 1-8 overall record. On the other side, NC State has been having a pretty good season and was 6-3 on the year when it marched into the Carrier Dome. NC State is now 7-3 thanks to an awful gaffe by the Syracuse offense. Syracuse led for most of the game, holding a 22-14 halftime lead and a 29-20 advantage late in the third quarter. But NC State… Source link

Wisconsin won’t play game vs. Nebraska due to COVID-19 spike originally appeared on NBC Sports Washington Just one week into the Big Ten college football season, the conference is now feeling the effects of the coronavirus pandemic. On Wednesday, Wisconsin announced that it would be pausing all football-related activities for seven days due to an “elevated number of COVID-19 cases within the Badgers’ program,” the program said in a statement. Wisconsin’s game against the Nebraska Cornhuskers on… Source link