Cryptocurrency Analysis and News Portal
The Dow Jones might be in a consolidation phase after the March bottom, asset manager Todd Gordon says. If a similar pattern as the 2000 dot-com bubble to the 2008 housing bubble follows, U.S. stocks are en route to new highs. The Fed’s 2% average inflation rate, combined with low-interest rates and
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Dow Jones Industrial Average (DJIA) futures fell 136 points overnight after back-to-back gains. Wall Street analyst who nailed the March bottom sees another 9% upside in the stock market as momentum continues. Traders await a fresh round of jobless claims data, expected to come in at 1.8 million this week. The stock market
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Bitcoin market volatility has hit three-month lows – marking a price squeeze that could soon pave the way for a big move on either side. The spread between bitcoin’s Bollinger bands – volatility indicators placed two standard deviations above and below the 20-day moving price average – narrowed to $895 on
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Penghua Fund, an asset management firm based in the Guangdong province of China, has filed an application to list a blockchain-centered exchange traded fund (ETF) in China.Shanghai Securities News reported that if the application is approved, which is currently under review by China Securities Regulatory Commission, this would mark the
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The operator of leading stablecoin USDT, Tether, minted 300 million USDT in a swap from the Bitcoin-based (BTC) tokenization protocol Omni to Ethereum, but the corresponding burn has not yet taken place.Whale Alert, a twitter account dedicated to reporting big cryptocurrency transactions, pointed out the coinage described above in
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