Cryptocurrency Analysis and News Portal
In the span of just over a decade, Bitcoin has gone from a puny asset to one worth over $170 billion. It’s a rally that has caught many off guard, evidenced by those that have long asserted the cryptocurrency is a Ponzi scheme or otherwise.Data shows, however, that BTC remains
Read More
Tesla (TSLA) stock growth and the company’s performance are expected to help Tesla enter the S&P 500 index. The stock hit a new record high on Friday closing above $1540 levels.The stock market rally for the electric-automobile giant Tesla Inc (NASDAQ: TSLA) looks unprecedented, especially during the COVID-19 economic slowdown.
Read More
Tesla investors are beginning to short the company’s stock. As a result, the automaker is poised to hit the $20 billion short-interest threshold.Tesla Inc (NASDAQ: TSLA) has been making headlines with the company’s continuous growth. With a market capitalization of $253.34 billion, the automaker is now the 16th largest stock
Read More
For ages, humans have relied on the simple concept of ‘trading’ to get around. In fact, trading is the central idea behind every economic society and financial institution in the world. It essentially is the exchange of goods and/or services between two or more entities. People and businesses have created
Read More
Amazon.com (AMZN) stock closed yesterday at $3,182.63, which was a rise of 3.29%. According to experts, the shares could hit $3,500 by the next earnings season.American e-commerce multinational technology company, Amazon.com Inc (NASDAQ: AMZN) is stopping at nothing to see its stock scale higher especially during this time of the
Read More
A new report from Reuters is claiming that the crypto trading platform Coinbase is in the process of filing for a direct listing in the U.S. markets.The potential listing remains in its early stages, and the company has yet to be approved by the Securities and Exchange Commission for a
Read More
Quick take:The team at Arcane Research has released a report reviewing the crypto markets in the first half of 2020.Bitcoin (BTC) managed to outperform the stock market in the first half of 2020 despite the chaos brought about by COVID19.Between BTC, ETH and XRP, Ethereum was the best performer in
Read More
Gilead Sciences (GILD) stock is slightly down despite the progress that the company made in testing of its remdesivir drug that can be used as the coronavirus treatment.Shares of Gilead Sciences Inc (NASDAQ: GILD) slightly dropped yesterday despite the company announcing advancement in its race for a COVID-19 treatment. GILD
Read More
Bitcoin was able to post a bullish reaction to its recent dip below $9,000, with its buyers sparking a rally that sent it as high as $9,300.Although this rally has not confirmed any type of notable technical breakout, it has helped shift some of the benchmark cryptocurrency’s technical indicators into
Read More
The Chinese stock market has found itself caught within the throes of a fresh bull market, and it could create a tailwind that lifts Bitcoin.After facing the dire implications of the ongoing pandemic that originated within China’s borders, the country’s investors appear to be moving on, now helping to fuel
Read More