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“# Gold ‘breaking down’ against Bitcoin is highly bullish for BTC — Analyst ” Earlier this week, Bitcoin (BTC) advocate and Real Vision CEO Raoul Pal said gold is breaking down against BTC. If the dominant cryptocurrency continues to gain momentum against BTC, it could strengthen its perception as a store of value. In the past month,…
“# JPMorgan turns bullish on Bitcoin citing ‘potential long-term upside’ ” JPMorgan, the $316 billion investment banking giant, said the potential long-term upside for Bitcoin (BTC) is “considerable.” This new optimistic stance towards the dominant cryptocurrency comes after PayPal allowed its users to buy and sell crypto assets. JP Morgan, from “Bitcoin is a fraud…
“# Frozen out? Bitcoin price correlation to other assets still undefined ” A recent report from institutional crypto firm Fidelity Digital Assets concluded that Bitcoin (BTC) shows very little price correlation to mainstream financial assets, based on data from the past five years. Over the course of 2020, Bitcoin has gained further adoption into mainstream…
“# Wall St drives PayPal to all time high on Bitcoin news ” PayPal (PYPL) reached $215.87 on Oct. 21, a few dollars past its previous all-time high of $212.38, set on Sept. 2, 2020, according to data from TradingView. This price action came shortly after the payments company announced that it would soon be including crypto assets on its…
“# Canada’s first public Bitcoin fund hits $100M mark ” Canadian digital asset manager 3iQ has recorded a major milestone fo its public Bitcoin (BTC) fund. The Bitcoin Fund — Canada’s first Bitcoin fund listed on a major stock exchange — has crossed the $100 million market cap threshold, 3iQ announced in an Oct. 20…
“# Bitcoin price rally to $12K is meaningless until bulls flip it to support ” On Tuesday Bitcoin (BTC) bulls mustered enough strength to push BTC price slightly above the $12K mark, a level not seen since Sept. 1. Cryptocurrency daily market performance snapshot. Source: Coin360 The move occurred after Monday’s (Oct. 19) high volume…
“#Boeing shares surge after regulator says 737 MAX is OK to fly” Boeing’s stock price soared early Friday as Europe’s top aviation regulator said the company’s beleaguered 737 MAX plane was safe enough to start flying again. Shares in the Chicago-based planemaker rose about 5.5 percent in premarket trading to $173.40 as of 8:44 a.m. after Patrick…
“#Stocks are soaring — but most black people are missing out” NEW YORK — Americans who own stocks are pulling further away from those who don’t, as Wall Street roars back to record heights while much of the economy struggles. And black households are much more likely to be in that not-as-fortunate group that isn’t…
“# Bitcoin runs crypto markets, but DeFi tokens don’t follow its lead ” Decentralized exchanges have been around for a while now, but it’s only been since the grip of decentralized finance mania has taken hold that they’ve come into their own. The growth in DEX use has been nothing short of exponential, with volumes…
“#Weed stocks surge as Kamala Harris vows to decriminalize pot in debate” U.S.-listed shares of major cannabis producers surged on Thursday after Democratic vice president nominee Kamala Harris said marijuana would be decriminalized at a federal level in the United States under a Biden administration. During Wednesday night’s debate with Vice President Mike Pence, Harris…