Cryptocurrency Analysis and News Portal
Ned Davis, who has operated his namesake Wall Street research firm since 1980, believes a Nasdaq bubble is forming. Based on the rough correlation between Bitcoin (BTC) and stocks in recent months, it could negatively affect the crypto market.Since March 2020, Bitcoin and the S&P 500 saw an uncanny correlation. There
Read More
In May and June, Bitcoin sustained multiple consecutive rejections at $10,000.Every time the cryptocurrency surpassed that level, the rally was quickly stopped by sellers. The chart below from Blockroots founder Josh Rager depicts this trend well.Chart of BTC’s price action over recent months by Josh Rager (@Josh_rager on Twitter). Chart
Read More
On June 26, Chinese firm Ebang was listed on the Nasdaq Global Market under the ticker EBON, becoming the second Bitcoin (BTC) mining manufacturer to go public on a United States stock exchange. The company intends to secure up to $125 million in the offering and follow up with an ambitious
Read More
On Friday, June 26, the China-based Zhejiang Ebang Communication, often referred to as Ebang, will be listed on Nasdaq, according to various reports. Ebang’s initial public offering (IPO) will be the second U.S.-based IPO for an ASIC mining manufacturer joining the company Canaan. The Ebang IPO prospectus was also
Read More
The China-based Ebang International has submitted a revised prospectus for a U.S. IPO as it plans to raise over $100 million by listing its shares on the Nasdaq Global Market under the EBON ticker.After the latest Bitcoin halving in May 2020, the BTC mining rewards have already reduced to half
Read More
Stocks saw their most significant drop since March after hitting record valuations. The tech-heavy Nasdaq dropped over 5%, making a big gap lower. The last two times this happened, the index ended up dropping at least 30%. Sure, history may not exactly repeat itself, but it does rhyme. So when there are big
Read More
Nasdaq 100 companies are making a killing amid the pandemic. Global liquidity is a huge factor behind the recent stock market rally. The smart money will eventually find its way to fundamentally sound companies. The Nasdaq Composite (IXIC) is slaughtering bears in a time of global crisis. The benchmark
Read More
A group of trading vets from NASDAQ, Visa and Morgan Stanley say they’ve built a liquidity solution for the world’s disparate cryptocurrency markets. After 18 months of development, their project, Apifiny, came out of stealth Wednesday with a new platform targeting exchanges hampered by low liquidity: ExOne. It is an emerging
Read More
Well this aged awkwardly. Last July, Jim Cramer admitted tech stocks “have some outrageous valuations,” but “it’s not like we’ve gone crazy.” Over the next seven months, the Nasdaq grew 18% – over a trillion dollars. But Jim Cramer is still cautiously bullish today. And most corporate businesses fear a harrowing recession
Read More
Eight former tech execs from financial giant Morgan Stanley have launched a crypto derivatives trading platform in Singapore and it will include XRP. The unattractively named Phemex works ten x faster than other crypto platforms and will offer 100x leverage for both institutional and retail investors into crypto. As well as XRP
Read More