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“# Price analysis 11/9: BTC, ETH, XRP, BCH, LINK, BNB, LTC, DOT, ADA, BSV ” Bitcoin price is recovering well from its 6% drop to $14,800 but top altcoins are slow to follow. <p>Professional traders are often perceived to be the smartest as they weigh the risks before investing in an asset class. Opposite to…
“# 3 reasons why Bitcoin price abruptly dropped 6% after reaching $15,800 ” The price of Bitcoin (BTC) rose to as high as $15,840 before crashing to $14,800. Just five hours after reaching an intraday top, the dominant cryptocurrency dropped over 6%. This massive spike in volatility was likely caused by three major factors. The…
“# Bitcoin dumps on news of successful COVID-19 vaccine trials ” Bitcoin (BTC) fell sharply in price this morning as pharmaceutical company Pfizer, in collaboration with biotech company BioNTech, announced a breakthrough in its COVID-19 vaccine. Bitcoin fell approximately $1,000, over 6%, between 12:00 pm and 3:00 pm UTC today on the vaccine news, from…
“#Zoom, Peloton shares tumble 15 percent on COVID vaccine news” Shares of companies that have benefited from the pandemic — including Zoom, Peloton, Netflix and Amazon –tanked after Pfizer revealed that it is getting closer to a coronavirus vaccine that could let people get back to the office. The popular video-conferencing software provider Zoom plummeted…
“# Interview: Is the stock-to-flow model flawed? ” The stock-to-flow model is flawed, says Charlie Morris, co-founder and CIO of crypto data firm ByteTree. According to the popular theory developed by quantitative analyst Plan B, Bitcoin’s capped supply is the key feature that will bring its price over $100K in 2021, and beyond. However, as…
“# Not bad for 2020: Up 42% in Q4, Bitcoin price outperforms top bank stocks ” Historically, traditional market analysts and old school investors tend to look at Bitcoin and other cryptocurrencies with a wary eye, and when crypto pundits attempt to make comparisons between the two these investors say it’s an apples to oranges…
“#Jeff Bezos sells another $3 billion in Amazon stock” Jeff Bezos sold another $3 billion worth of Amazon stock this week as his e-commerce empire’s share price continued to soar. The tech tycoon dumped 1 million Amazon shares over seven trades on Monday and Tuesday in his third batch of stock sales so far this…
“#What stocks to buy if Biden — or Trump — wins 2020 election” The presidential race is far from over — and that means extra time to place stock-market bets on the outcome. Joe Biden could usher in a bold environmental infrastructure plan if he unseats President Trump — and traders should plan accordingly by…
“#Uber, Lyft stock soars after California Proposition 22 passes” Uber and Lyft’s stock prices soared Wednesday after California voters allowed the ride-hailing giants to continue treating their drivers as independent contractors instead of employees. Uber shares surged 11.5 percent in premarket trading while Lyft’s spiked about 14.8 percent as of 7:54 a.m. after the passage…
“# Bitcoin, stocks drop as markets uncertain about US election result ” The price of Bitcoin (BTC) suddenly fell by 3% in several hours on Nov. 4 to $13,566 after briefly rising above $14,000. Coincidentally, the U.S. dollar, gold, and stocks all fell together in tandem. Analysts are pinpointing the uncertainty surrounding the election as the…