Cryptocurrency Analysis and News Portal
Goldman Sachs and Morgan Stanley each downgraded Tesla, which recently became the world’s most valuable carmaker. Other analysts have also downgraded Tesla stock, with some suspecting that a big correction is due. Analysts have been making gloomy TSLA forecasts since January. Will they be proven wrong again? An unstoppable surge briefly made Tesla
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In a redux of trading from the early days of the coronavirus crisis in March, bitcoin tumbled Thursday in tandem with a sell-off on Wall Street – rekindling an ongoing debate over the cryptocurrency’s use as a store of value. Prices for bitcoin fell 6.37% to about $9,100, as the Standard
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It’s been a brutal past 24 hours for Bitcoin.After attempting to secure $10,000 as support on June 10th, the cryptocurrency failed to do so, diving instead of rallying as most investors were expecting.The weakness culminated in a $1,000 drop lower on June 11th that took place over the course of
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Over the past few months, we’ve seen a strong uptick in institutions adopting Bitcoin and crypto-assets.Nothing shows this as well as Grayscale’s Bitcoin Trust, a leading way that institutional investors can use to gain exposure to cryptocurrency. According to NewsBTC’s research, the trust brought in 62,972 BTC over the past
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The Dow Jones stumbled on Thursday after another dire jobless claims report. Speculative trading is dominating retail investment platforms, while seasoned stock market investors sit on the sidelines. The Federal Reserve may discuss negative rates this month. The Dow Jones went nowhere on Thursday after another miserable jobless claims report snapped the U.S.
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[sociallocker id="55298"] There, in the midst of a protest against police brutality in Austin, Texas, stood a man holding a makeshift cardboard sign that read, “Bitcoin will save us.” The image, tweeted earlier this week by the ProPublica journalist Jessica Huseman, generated 789 retweets and 2,400 likes. Some twitterati said bitcoin had nothing to do with
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[sociallocker id="55298"] The old Wall Street maxim “sell in May and go away” is detrimental to bitcoin investors, market data from Messari suggests. The largest cryptocurrency generated positive returns during eight of the past 10 Mays, outperforming its monthly average for that year during six of them. “Sell in May” refers
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May was a busy month for corporate insiders. Several high-profile stock sales suggest business leaders have a gloomy outlook. A CFO survey shows more than half of the world’s finance chiefs are expecting the market to retest its lows. The U.S. stock market rally has been unstoppable over the past two months. Despite a
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[sociallocker id="55298"] Jefferies analyst Randal Konik has tipped Manchester United stock (NYSE: MANU) as the sports stock most likely to benefit from a post-lockdown economy. MANU has fallen by 16.56% in the year to date, but the company was doing well prior to lockdowns. With English soccer resuming on June
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The Dow Jones scored its third straight daily gain on Thursday. Awful economic data releases continue to create no headwinds for a buoyant U.S. stock market. Dow bulls are banking on a big third quarter, with little margin for error. Dow bulls ignored another wave of titanic unemployment claims
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