Dogecoin Volumes Spike 1,900% in 2 Days Amid Viral TikTok Videos- CoinDesk

Social media has thrown dogecoin traders a treat. Trading volumes for the Shiba Inu meme-based cryptocurrency spiked nearly 2,000% in the last two days, according to data from Messari, as videos on TikTok encouraged users to invest. The whimsical asset’s price climbed 35% to $0.035 over the same period.  Dogecoin is a “joke cryptocurrency,” according […]

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Market Wrap: As Traditional Markets Rally, Bitcoin Gets Boring

Bitcoin broke above $9,250 for the first time since Friday as the leading cryptocurrency continues to trade in a tight range just above $9,000 for several weeks. But cryptocurrency markets have stayed quiet as traders expect a big move. Bitcoin was trading hands around $9,250 as of 20:00 UTC (4 p.m. ET).  Ether, the second-largest […]

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CDC’s Deathblow to the Economy Could Mean Imminent Stock Market Plunge

The CDC has all but confessed that the U.S. is losing control over the virus. V-shaped recovery theory will prove to be a fantasy when another wave of virus disrupts business. When the reality of a permanently scarred economy begins to hit the bulls, the U.S. stock market could undergo a considerable pullback. On Monday, […]

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Buy These 3 Stocks to Cash in on the Housing Market Recovery

The housing market has been remarkably resilient in 2020. A recovering economy and 0% interest rates should help the housing market hit new heights. A number of stocks will be winners from this strong housing trend. There was always a lingering fear after the Great Recession that the housing market would collapse the next time […]

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A Key Thesis for Bitcoin’s Long-Term Bull Market Just Got a Knock

A popular narrative argues the massive stimulus programs from the Federal Reserve, launched to counter a coronavirus-induced recession, could hyperinflate the economy and fuel a major rally in bitcoin.  However, that bullish theory, which suggests the cryptocurrency would be viewed as a hedge asset in dire economic times, has been dealt a blow by recent […]

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The U.S. Economy Is at a Crucial Turning Point at the Worst Possible Time

The stock market is starting to indicate that investors are prepping for a second spike in virus cases. Hiring data also show employers may be hitting pause on restaffing. The U.S. economy’s speedy recovery is at risk if another pandemic surge causes renewed lockdowns. It has been three months since the stock market crashed and […]

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Ray Dalio Calls For ‘Lost Decade’ In Stocks – Here’s Why He’s Wrong

Ray Dalio claimed “cash is trash” in late January just before markets tanked 30%. Now, with stocks back near all-time highs, he’s calling for a “lost decade” in stocks. While he may be right over the next few months, a lost decade seems unlikely. 2020 has been a humbling year for professional money managers. Among […]

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Market Wrap: Bitcoin Quiet at $9.3K While DeFi Gets Loud

It’s a lethargic Thursday across most markets, including bitcoin. Yet, on a longer-term view, the big growth story remains the Ethereum network’s DeFi movement, which continues to help drive ether’s performance in 2020.  Bitcoin (BTC) was trading around $9,395 as of 20:00 UTC (4 p.m. ET), gaining 0.97% over the previous 24 hours.  At 00:00 […]

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