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Crypto Market Downturn Hits Coinbase, Microstrategy, and Mining Stocks Hard
1.5.2024
During the widespread downturn in the cryptocurrency markets, publicly listed companies within the sector such as Coinbase, Microstrategy, and bitcoin mining enterprises have experienced notable declines in their stock values. Shares of Coinbase have fallen by over 21% since last month, and in...
Bitcoin Eyes $67K After Halving as Altcoins Primed for Short Squeeze, Hedge Fund Says
22.4.2024
Crypto-focused stocks also bounced higher, led by bitcoin miners Riot Platforms and Hut 8
NYSE Asks Market Participants About 24/7 Trading for Stocks
22.4.2024
The New York Stock Exchange has asked market participants to weigh in on its proposal to operate 24 hours a day, the same schedule that cryptocurrencies operate on, the Financial Times reported
Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving
17.4.2024
Bitcoin mining companies are experiencing a significant decline in their stock prices as they face reduced revenue due to an upcoming code update for the largest cryptocurrency.
The post Bitcoin Mining Stocks Plummet as Miners Face Reduced Revenue Post Halving appeared first on Cryptonews
10x Research Founder Who Predicted Bitcoin’s Pre-Halving All-Time High Turns Bearish
16.4.2024
10x Research Founder Markus Thielen who predicted Bitcoin’s recent pre-halving rally to all-time highs has turned bearish on risk assets such as technology stocks and cryptocurrencies.
The post 10x Research Founder Who Predicted Bitcoin’s Pre-Halving All-Time High Turns Bearish appeared first...
Bitcoin maximalists shut down critic’ Peter Schiff’ on Bitcoin-linked stocks debate
16.4.2024
In a recent rant on X (formerly Twitter), Peter Schiff, an anti-crypto global strategist at Euro Pacific Precious Metals and the host of the Peter Schiff Show podcast, again attacked Bitcoin maximalists. “While a temporary move up to $100K is possible, a permanent move down to zero...
South Koreans Lose Faith in State Pensions, Turn to Crypto and Stocks – Survey
16.4.2024
Most young South Koreans are losing faith in the national pension system, a new survey has found – with many stating they see crypto and stocks as a better alternative.
The post South Koreans Lose Faith in State Pensions, Turn to Crypto and Stocks – Survey appeared first on Cryptonews
Short Sellers Target Bitcoin Miners as Reward Halving Nears, $2 Billion at Stake
15.4.2024
A recent report highlights that the collective short interest in stocks from 15 bitcoin mining companies has approached the $2 billion mark. The performance of these mining stocks has declined compared to their stronger start earlier this year, coinciding with the proximity of just 663 blocks...
Uncertainty Over Fed Rate Cuts Intensifies With Sticky Inflation Metrics
13.4.2024
As each day unfolds, analysts, economists, Wall Street institutions, and Fed watchers have increasingly postponed their forecasts for when the U.S. Federal Reserve will reduce the benchmark interest rate. Current data suggest that a rate cut in June is unlikely, with odds standing at 50-50 for...
Rate Cuts Could be ‘Out the Window’ After March CPI Data Reveals Stubborn Inflation, Tradestation Exec Says
10.4.2024
The U.S. Consumer Price Index (CPI) experienced a higher increase than anticipated in March, climbing by 0.4% over the month to reach 3.5%. The Bureau of Labor Statistics reported that the rise was primarily fueled by increases in shelter and gasoline costs. This acceleration in the inflation rate...
Crypto Stocks Gain as Bitcoin Tops $72K for First Time Since March
8.4.2024
Crypto-related companies looked set to start the week on a positive note
Bitcoin Adds 4.5% as Stocks Reverse Lower on Hawkish Fed Commentary
4.4.2024
The world's largest crypto regained the $69,000 level at one point in the session before slipping a bit
Best Crypto to Buy Today April 4 – Ethena, Bitcoin SV, Bitcoin Cash
4.4.2024
With Bitcoin (BTC) eyeing a potential break back to the north of its 21DMA in the upper $67,000s as US stocks rise and the US dollar declines, investors looking for the best cryptocurrency to buy today are scouring the altcoin market for opportunities.
The post Best Crypto to Buy Today April 4...
Markets Tumble as Fed Rate Cut Expectations Diminish
3.4.2024
Attention is riveted on the Federal Reserve’s assembly set for May 1, with widespread anticipation that the U.S. central banking authority might lower the federal funds rate at this juncture of the year. Currently, market forecasts suggest a rate reduction is very unlikely, and Cleveland...
Crypto Stocks Like MicroStrategy, Coinbase Could Shoot Up if Short Sellers Exit
27.3.2024
MicroStrategy and Coinbase's stock prices could shoot up if short sellers bail out, according to a report by data analytics firm S3 Partners
Bitcoin Mining Stocks Rally Ahead of Halving: Double-Digit Gains Mark Midweek Surge
21.3.2024
Publicly traded bitcoin mining companies experienced a revival this week, as numerous stocks saw double-digit increases on Wednesday. Shares of Cleanspark soared by 22.8%, Marathon’s shares climbed by 16.1%, and Riot’s shares increased by 11.81% throughout the trading day. Bitcoin...
Powell: Economy Progresses but Inflation Still ‘Too High’ to Adjust Benchmark Rate
20.3.2024
On Wednesday, March 20, 2024, the Federal Open Market Committee (FOMC) declared that there will be no change to the federal funds rate for the time being. The committee emphasized its intention not to lower the target rate until there is “greater confidence that inflation is moving...
Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues
14.3.2024
Crypto trading platform Bakkt received a warning from the New York Stock Exchange regarding compliance with stock price requirements, it said Wednesday.
The post Crypto Trading Platform Bakkt Faces NYSE Delisting Risk Over Compliance Issues appeared first on Cryptonews
Coinbase Announces $1B Bond Sale
13.3.2024
Cryptocurrency exchange Coinbase Global, Inc., has announced a private offering of $1 billion convertible senior notes which will be due in 2030.
The post Coinbase Announces $1B Bond Sale appeared first on Cryptonews
As Bitcoin Hits New Highs, Nasdaq-Listed Miners Face Unexpected Declines
11.3.2024
Despite bitcoin reaching another all-time peak on Monday, publicly traded mining stocks commenced the day with percentage declines. Stock linked to companies such as Marathon, Cleanspark, Riot, and various others have diminished in value compared to the U.S. dollar, even as bitcoin celebrates fresh...