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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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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The IMF warns the disconnect in financial markets could lead to a correction in asset prices. The stock market has rallied on optimism about a broad economic reopening. But a resurgence in virus cases and an uneven recovery is causing investors to be more cautious. After the U.S. stock market cratered 34% due to the […]
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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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Expectations of higher stock prices fell in May, according to the Fed’s consumer expectations survey. Consumers see a mean probability of less than 50% that stock prices will be higher a year from now. Consumer sentiment about the stock market is dipping as analyst sentiment grows stronger. When the U.S. stock market started to rebound […]
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Warren Buffett’s Berkshire Hathaway has underperformed the broader stock market for a decade. If he followed his own advice and just bought an S&p 500 tracker fund, he’d be $81 billion richer. In fact, he’d be the richest man on the planet. It’s been a rough year for Warren Buffett. The March sell-off wiped out […]
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Bitcoin declined for the first time in three days as traders in digital-asset markets and more traditional stocks considered the implications of U.S. President Donald Trump’s latest broadsides against China on the coronavirus and Hong Kong. Bitcoin (BTC) was changing hands around $9,400 as of 20:00 UTC (4 p.m. ET), slipping less than a percent […]
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Institutional investors are taking up massive short positions in the S&P 500 Index, a sign that the latest relief rally is unsustainable, according to Bank of America. The S&P 500 Index closed above 3,000 on Wednesday for the first time since early March. Despite Bank of America’s bearish call, its CEO believes the U.S. economy […]
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Shares of cryptocurrency mining firm Hut 8 Mining Corp. (TSX:HUT) surged 32 percent with unusually high trading volume on the Toronto Stock Exchange Friday. The huge, surprising bounce for the stock arrives after the firm warned earlier in April that coronavirus-related issues might hurt its business. Like cryptocurrencies themselves, mining company stocks are prone to […]
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You know things are weird when bitcoin is getting less volatile and stocks aren’t. After surging about a month ago during a frantic sell-off, the 30-day volatility of daily returns from the leading cryptocurrency has dropped in recent days, and is almost back to where it was before the panic started in early March. Volatility […]
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