Tag Archives: Weekly

By Gertrude Chavez-Dreyfuss    NEW YORK, June 7 (Reuters) – Bitcoin funds and products posted record outflows last week as investors continued to cast a cautious eye on the world’s largest cryptocurrency, which has seen its upward momentum stall in the last few months, according to digital currency manager CoinShares data released on Monday.    Bitcoin outflows hit $141 million in the week ending June 4, representing 8.3% of the net inflows seen this year. For the year so far, bitcoin… Source link

Bitcoin Bitcoin, BTC to USD, rose by 0.48% in the week ending 6th June. Following a 2.50% gain from the previous week, Bitcoin ended the week at $35,780.0. A mixed start to the week saw Bitcoin fall to a Sunday intraweek low $34,160.0 before making a move. Steering clear of the first major support level at $32,362, Bitcoin rallied to a Thursday intraweek high $39,482.0. Falling short of the first major resistance level at $39,875 and $40,000 levels, Bitcoin fell back to sub-$35,000… Source link

Bitcoin Bitcoin, BTC to USD, slid by 20.06% in the week ending 16th May. Reversing a 2.96% gain from the previous week, Bitcoin ended the week at $46,597.0. A mixed start to the week saw Bitcoin rise to a Monday high intraweek high $59,589.8 before hitting reverse. Falling short of the first major resistance level at $60,831, Bitcoin slid to a Sunday intraweek low $44,021.0. The extended sell-off saw Bitcoin fall through the first major support level at $54,341 and the second major support level… Source link

TipRanks 2 “Strong Buy” Penny Stocks That Could See 100% Gains (Or More) In a recent review of the market’s current conditions, JPMorgan strategist Eduardo Lecubarri recaps his view that 2021 will see modest gains across stocks generally – but outperformance among the small/mid-cap sector. Lecubarri believes that investors can find opportunities for big upside among stocks in that class. Driving the general stocks gains, Lecubarri points to recent manufacturing PMI prints, which are at… Source link

(Bloomberg) — Bitcoin’s rally hit a speed bump as the world’s largest cryptocurrency witnessed its worst weekly decline in almost a year amid wider losses in risk assets. The digital token slumped 20% this week, the most since the pandemic-fueled selloff last March. The wider Bloomberg Galaxy Crypto Index, tracking Bitcoin, Ether and three other cryptocurrencies, was down 23% for the same period. Bitcoin fell 5% to trade at $45,672 as of 5:00 p.m. in New York, according to consolidated… Source link

Stocks were mixed Friday, with equities hovering near record levels. Both the S&P 500 and Nasdaq ended Thursday’s regular trading day at fresh record closing highs as tech stocks outperformed. The Dow ended just a tick below its own recent record closing level. Earlier, U.S. stocks tracked declines in overseas equities, after new data showed that UK gross domestic product (GDP) slumped by a record 9.9% in 2020 as a virus-induced recession swept the country. Shares of Dow component Disney ( Source link

TipRanks 3 “Strong Buy” Stocks Set for Monster Growth in 2021 We’ve turned a new page on the calendar, Old Man ’20 is out the door, and there’s a feeling ‘21 is gonna be a good year – and so far, so good. The markets closed out 2020 with modest session gains to cap off larger annual gains. The S&P 500 rose 16% during the corona crisis year, while the NASDAQ, with its heavy tech representation, showed an impressive annual gain of nearly 43%. The advent of two viable COVID vaccines… Source link

Could you beat the market using social media? (Getty) The 2020 stock market had several distinct phases. And few were as hotly debated — and ultimately as persistent — as the rise of the retail trader. Work from Wall Street firms including Goldman Sachs and Deutsche Bank chronicled the surge in new trading accounts opened in the spring and the areas of the market these new investors were playing in. This trend continued through the year. But at the beginning of 2020, before the pandemic’s… Source link

Google has come up with a new perk for Silicon Valley’s famously pampered workforce: Free, weekly, at-home Covid-19 testing. The search giant rolled out the new benefit this week for all of its 90,000 U.S. employees, a spokesman said. The initiative guarantees all of them a weekly, at-home nasal swab and a lab analysis—whether they are reporting for duty in-person, or not. The company is recommending that every staffer be tested weekly. The offer proved so… Source link

90,000 Google employees have just received access to free weekly COVID tests. The Wall Street Journal first reported the news that every US Google employee (and its subsidiaries, including YouTube) will be eligible to sign up for a free at-home test. This differs from other companies, like Amazon, which are only offering tests to employees who still have to work in a physical location, like a retail location or warehouse. This is apparently something Google employees are interested in, as… Source link