Bitcoin and other cryptocurrencies took a dive on Tuesday, following the inauguration of President Donald Trump. TRUMP, a token launched last week to represent the new U. S. leader, fell by over 20% in just a day, according to CoinGecko. A meme token created by the first lady, Melania Trump, dropped by nearly 60% in the same period. Bitcoin saw a 5% decrease, trading...
Cryptocurrencies surged Thursday, with investors flocking to smaller, higher-risk coins in anticipation of President-elect Donald Trump's inauguration. XRP and litecoin led the charge, with gains of 11% and 20% respectively, as per Coin Metrics. The CoinDesk 20 index, a broad market benchmark, rose by 4%. Bitcoin, meanwhile, saw a modest 1% increase, trading at $100...
JPMorgan has some stocks in mind that they think will face trouble in 2025. Stocks like Novavax, Airbnb, and Intel are on their list. The market has been tough lately, with big tech stocks losing favor. JPMorgan looked at stocks across different sectors, from healthcare to technology. Novavax, a vaccine maker, saw its shares drop after announcing lower expected reven...
Ever wondered what really influences the price of cryptocurrencies? Researchers have found that using a conditional beta, instead of the fixed beta used in previous studies, can make pricing models more accurate. Conditional beta changes over time, reflecting real-time market conditions. This new approach promises to explain price movements better than before. What'...
Early Thursday morning, stock futures took a dip, with the Dow Jones Industrial Average futures dropping by over 150 points. The S&P 500 and Nasdaq 100 futures also saw declines of 0. 3% each. This comes after the markets were closed for Christmas Day and followed a week of gains. The S&P 500 had risen by 1. 8%, the Dow by about 1%, and the Nasdaq by a significant 2....
Bitcoin, the largest cryptocurrency, has been struggling to break the $100, 000 mark after a rapid post-election rise. The cryptocurrency surged over 40% since the U. S. election, driven partly by pro-crypto comments from President Donald Trump. Bitcoin hit a new high of over $99, 000 last week but has since dropped slightly, trading around $98, 243. 25 on Monday. I...
George Milling-Stanley, a chief strategist at State Street Global Advisors, has voiced concerns about the recent bitcoin rally. He believes investors are being lured by the quick returns but might be overlooking the stability that gold offers. Speaking on CNBC's "ETF Edge, " Milling-Stanley emphasized that bitcoin is simply a return play, unlike gold which provides s...
On a Sunday filled with excitement, Bitcoin reached a new peak, hitting $80, 000 for the first time. This incredible surge was part of a broader rally in cryptocurrencies, with Bitcoin's price jumping by nearly 5% to $79, 800. 19. Ethereum, the second-largest cryptocurrency, also saw a rise, climbing 3% to $3, 203. 10 after crossing the $3, 000 mark the day before. ...
Bitcoin is flirting with a new record high, but the U. S. election might put a temporary hold on that. In October, Bitcoin closed above $70, 000 for the first time since March, but it's been struggling to stay there. The focus now is on the U. S. presidential election. Investors are worried that the outcome could shake up Bitcoin's price. Nic Puckrin, CEO of Coin Bur...
Thursday was a rough day for tech investors as stocks related to AI took a nosedive. The culprits? Microsoft and Meta, two giants in the tech world, both signaled that they'll need to spend big on AI in the future. This news didn't sit well with investors, who had been hoping for more growth. Microsoft admitted it can't keep up with the demand for AI data centers. T...