Cryptocurrency Analysis and News Portal
Shares of PayPal (PYPL) fell more than 16% after the payments giant reported Q4 earnings that just missed analyst estimates and a slowdown in revenue growth.Total revenue rose 13% to $6.9 billion, in line with analysts' estimates, according to FactSet, but significantly slower than the 25% growth recorded in the
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Robinhood (HOOD) shares slid almost 13% to $10.12 in after-hours trading Thursday after the commission-free trading platform reported a decline in crypto revenue, and overall fourth-quarter revenue and earnings that fell short of analyst expectations. Original Source
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The stocks of other publicly traded miners, which are highly leveraged to the price movements of the cryptocurrencies they mine, have also dropped. On Friday, shares of Hut 8 (HUT) fell about 12%, Hive (HIVE) dropped more than 9%, Riot Blockchain (RIOT) dipped 7%, and Marathon Digital (MARA) fell about
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January 2022 continues to be rough for crypto investors as current markets see turbulent fluctuations in the price of Bitcoin and other cryptocurrencies. Some have attributed the slump to recent federal intentions to introduce new rate hikes, and the political turmoil in Kazakhstan which significantly lowered the hash rate of bitcoin. On
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However, for investors to really pay up for a company, they will need to see more longer-term strategy from the companies, said Eric F. Risley, managing partner of crypto mergers and acquisitions firm Architect Partners. Risley added that crypto miners that can operate most efficiently are most likely to thrive
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When bitcoin prices continue to drop, smaller miners with higher electricity costs often reduce their operations, which will probably help publicly listed North American miners pick up “meaningful” market share, analyst Jonathan Petersen said in a note. Original Source
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Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States benchmark index the S&P 500 and gold.Arcane Research noted in its new report that Bitcoin’s year-to-date performance came out to
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Almost all crypto miners’ stocks were in the red for the day, with Bitfarms falling more than 9%, while shares of peers Argo Blockchain and Cipher Mining fell by more than 7%. Shares of other miners, including Marathon Digital, Riot Blockchain, Hive Blockchain and Hut 8 Mining, also fell more
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Ether (ETH) investors have no reason to complain after the 344% gains accumulated in 2021 until Nov. 24. Still, analysts fear that the $4,000 resistance test on Nov. 19 is forming a descending channel that aims at $3,600 by mid-December, an 18% correction from the current $4,400 price.Despite outperforming Bitcoin
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Bitcoin (BTC) fell $1,400 in half an hour during Nov. 9 after a snap sell-off hit Tesla (TSLA) stock.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewTesla falls 12%, Bitcoin 2%Data from Cointelegraph Markets Pro and TradingView showed BTC/USD fall in line with TSLA shortly after the Wall St. open.The pair hit $66,650
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