Wednesday, September 30, 2020
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Market Wrap: With Fed Rate Policy Unchanged, Bitcoin Passes $11K; Ether Options Bet on Price Below $400

Bitcoin’s price continues to move up, with a little help from the U.S. Federal Reserve, while ether traders are hedging in the options market. Bitcoin (BTC) trading around $10,979 as of 20:00 UTC (4 p.m. ET). Gaining 2% over the previous 24 hours.Bitcoin’s 24-hour range: $10,662-$11,099BTC above its 10-day and 50-day

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Bitcoin CEO: MicroStrategy’s Michael Saylor Explains His $425M Bet on BTC

MicroStrategy is prepared to HODL its bitcoin for at least a century. Or so said the business intelligence firm’s founder and CEO, Michael Saylor, in an interview with CryptoX on Tuesday, shortly after he announced on Twitter that MicroStrategy was doubling down on the godfather cryptocurrency with the purchase of $175

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Don’t Bet Against the Fed—3 Reasons Strategists Expect Stock Market Rally

The U.S. stock market has been rallying over the past week in anticipation of Fed chair Jerome Powell’s speech. Despite fundamental bearishness in the markets, investors are not betting against the Fed, rising liquidity, and low-interest rates. The positive stance from the Fed coincides with declining daily virus cases in the U.S. The

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Chinese Companies to Bet Big on Blockchain Despite COVID-19 Crisis

A survey of 350 Chinese companies revealed that Blockchan’s pre-COVID-19 corporate bullishness remains alive in the region.According to Xinhua, the study, called “Blockchain in the Post-epidemic Age,” showed that 70% of the companies surveyed before the coronavirus outbreak remain optimistic about the potential of Blockchain technology. Up to 20% believe

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Astro’s Playroom Proves PlayStation 5 Might Not Bet on VR After All

PlayStation 5 has tons of gorgeous games coming. But there’s no sign of virtual reality. Could Sony be giving up on this potential game-changer? We’ve finally seen the PlayStation 5 and its impressive variety of games. Today’s presentation was certainly a crowd-pleaser, even if it failed to address a few prevalent rumors. However, there’s

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Millennials Bet on Continued FOMO Rally as Billionaires Pull Out of the Stock Market

Millennials are using their age to their advantage with bullish bets on the stock market. Wall Street’s billionaires are more cautious about the strength of the FOMO rally. Much of what happens next depends on whether the stimulus funds keep flowing. The stock market’s epic rally over the past two months has created

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Millennials Are About to Find Out They Made a Horrible Bet on Airline Stocks

Retail investors aggressively bought airline stocks in May. Data from Germany and Indonesia show the world’s largest airline firms are recording billions of dollars in losses. As airlines face the risk of a permanent loss of clients, the appeal of airline stocks is questionable. Millennials have been scooping up airline stocks that Warren

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