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“Dow dips into bear market amid fears of deeper recession” Wall Street’s massive selloff on Friday had the the Dow flirting with a bear market as investors appear resigned to the fact that the Fed has abandoned hopes for a “soft landing” and will continue to aggressively raise interest rates to fight inflation — even…
” Bitcoin’s in a bear market, but there are plenty of good reasons to keep investing “ Let’s rewind the tape to the end of 2021 when Bitcoin (BTC) was trading near $47,000, which at the time was 32% lower than the all-time high. During that time, the tech-heavy Nasdaq stock market index held 15,650…
” Brazil brokerage giant with 3.6M clients launches BTC and ETH trading “ Brazilian brokerage giant XP Inc has officially launched its crypto trading platform ‘XTAGE’ in Brazil, bringing a potential 3.6 million users to the crypto markets. The news was broke in an Aug. 15 post by the Nasdaq Exchange Twitter account, noting that…
” Galaxy Digital terminates BitGo acquisition, citing breach of contract “ After more than a year of efforts to acquire the digital asset custodian BitGo, Mike Novogratz’s cryptocurrency investment firm Galaxy Digital has decided to drop the acquisition. Galaxy has terminated the BitGo acquisition, citing a breach of contract, the firm officially announced on Monday….
” MicroStrategy stock MSTR hits 3-month high after CEO’s exit “ MicroStrategy (MSTR) stock opened higher on Aug. 3 as investors digested the news of its CEO Michael Saylor’s exit after a depressive quarterly earnings report. Microstrategy stock up 142% since May lows On the daily chart, MSTR’s price surged by nearly 14.5% to $324.55…
” Bitcoin price eyes $24K July close as sentiment exits ‘fear’ zone “ Bitcoin (BTC) dropped volatility on the last weekend of July as the monthly close drew near. BTC/USD 1-hour candle chart (Bitstamp). Source: TradingView 200-week moving average in focus for July close Data from Cointelegraph Markets Pro and TradingView showed BTC/USD retaining $24,000…
” 3 Bitcoin trading behaviors hint that BTC’s rebound to $24K is a ‘fakeout’ “ Bitcoin (BTC) price rallied toward $24,200 on July 28 after a near 10.5% surge that began a day earlier. The gains appeared after Federal Reserve Chairman Jerome Powell signaled intentions to slow down their prevailing tightening spree. They prompted some…
“Dow jumps more 800 points as Wall Street as rate fears ease” Wall Street’s main indexes jumped sharply on Friday in a broad rally as signs of slowing economic growth and a recent pullback in commodity prices tempered expectations for the Federal Reserve’s rate-hike plans. The Dow Jones Industrial Average surged 823.32 points, or 2.7%, to…
“Dow futures fall 500 points after Fed’s sharp rate hike” Dow futures fell by some 500 points before the market opened on Thursday as Wall Street appears poised to give up some of the gains made after Fed Chair Jerome Powell announced sharp interest rate hikes to combat inflation. S&P 500 futures fell by some…
” Bitcoin is the ‘Amazon of crypto’ and everything else are bets, says Blocktower founder “ Ari Paul, founder of blockchain investment firm Blocktower Capital, weighed in on the bear market, comparing the situation to the tech crash back in the year 2000. Paul likens Bitcoin (BTC) to Amazon, which is one of the companies…