As Crypto Rips Higher, the US SEC Is Warning of ICO Scams Yet Again
It’s been an explosive past few weeks for the crypto market. While much focus has been put on
Read MoreIt’s been an explosive past few weeks for the crypto market. While much focus has been put on
Read MoreBitcoin retreated by more than 2.5 percent in the early London trading session on profit-taking sentiment. The plunge almost
Read MoreJPMorgan thinks the U.S. stock market will see a different dynamic in the next six months.Strategists predict individual stocks will see less correlation, as fear of missing out (FOMO)-driven sentiment subsides.Struggling sectors with weaker fundamentals and financials like the airline industry are expected to see a steeper downtrend.JPMorgan thinks the
Read MoreThe U.S. stock market slightly declined as the International Monetary Fund (IMF) released a statement. The IMF hinted policymakers may not be accurately assessing economic data after the pandemic. With a drop in consumer spending, exports, and business productivity, policymakers have lots of data to process. The U.S. stock
Read MoreThe Dow, S&P 500, and Nasdaq are coming off one of their best weeks of 2020. JPMorgan says the rally won’t last heading into summer. Equity markets typically underperform during the summer, a phenomenon known as ‘selling in May and walking away.’ The Dow and broader U.S. stock market
Read MoreBlackRock CEO Larry Fink warned against mass bankruptcies and a stock market downtrend in early May. Hertz, which was valued at $2.8 billion in February 2020, filed for Bankruptcy. Many of the 30.2 million small businesses are at risk of bankruptcies. When the U.S. stock market was rallying earlier
Read MoreSince the lows that were experienced in March, both Bitcoin and the S&P 500 have been on a steep recovery.The leading cryptocurrency peaked at over 170% from the price of the March lows, while the S&P 500 gained from ~2,150 points to a recent high of 2,950 in dramatic fashion.Assets
Read MoreThe Federal Bureau of Investigations (FBI) expects a rise in the number of crypto scams related to the coronavirus pandemic. In a April 13 press release, the FBI warned that the increase of “cryptocurrency-related fraud schemes” would only be facilitated by more people getting on board with crypto. The elderly
Read MoreThe US stocks benchmark S&P 500 could fall by as much as 40 percent as the Coronavirus pandemic spreads further, according to Scott Minerd of Guggenheim Investments. If the chief investment officer is correct, then crypto tokens like bitcoin could also plunge massively heading further into this year.An Uncanny CorrelationThe global crypto
Read MoreBitcoin (BTC) dipped below $6,000 on March 21 as an end-of-week rally to near $7,000 appeared to stall.Cryptocurrency market daily overview. Source: Coin360BTC price ruminates at $6,000Data from Coin360 and CryptoX Markets put BTC/USD at a crossroads on Saturday, the pair circling the $6,000 mark in volatile conditions.Markets had
Read More