We Are In Q1 2024, our consumers spent very vigorously on services at the fastest growth rate since 2021, adjusted for inflation, but not so vigorously on goods. And private fixed investment jumped at the fastest rate in two years. But dragging on GDP were the trade deficit, which worsened sharply on a majestic surge…
BING-JHEN HONG NVIDIA (NVDA) plunged 10% last Friday for its worst session since March 2020. The move came on no major news but concerning earnings reports and outlooks from overseas semiconductor companies such as Taiwan Semiconductor (TSM) and ASML Holding (ASML) tempered the once-hot industry. Chip stocks command about a 10% weight in the S&P…
The demand for US spot Bitcoin ETFs surged significantly on Tuesday, outpacing the new supply created daily by miners by a remarkable 614%, according to Gayatri Choudry, Quantitative Research Analyst at Bitwise Asset Management. Demand from US BTC ETFs exceeds new BTC supply by 7x pic.twitter.com/OCU5D19rpf — Gayatri (@GayatriPC_) March 27, 2024 The surge in demand for…
luza studios Introduction I wanted to revisit Super Micro Computer, Inc. (NASDAQ:SMCI) to see how it has performed over the last year. Since my first Buy article on the company was published just half a year ago, the share price skyrocketed and is sitting at around 230% gain against S&P500’s (SPY) 17%, so if you…
Bloomberg/Bloomberg via Getty Images Palantir Technologies’ (NYSE:PLTR) Q4 earnings confirmed an acceleration in its US commercial business as it closed out its first GAAP profitable year. Shares are reflecting the optimism surrounding Palantir’s commercial segment and bottom line expansion, with shares up more than 47% YTD and nearly 280% since the start of 2023. We…
Conflux said the Bitcoin L2 solution will use BTC for gas fees, opening up possibilities for a more efficient and integrated system. Conflux Network, a layer 1 blockchain protocol based in China, has recently unveiled its groundbreaking EVM-compatible Bitcoin Layer 2 (BTC L2) solution to leverage Bitcoin’s strength to improve its network. The new development…
Recent reports demonstrate that Marathon Digital has been eager to expand its business. The stock of Bitcoin mining company Marathon Digital Holdings Inc (NASDAQ: MARA) has so far seen remarkable growth in 2023. This follows after it surged 628.82% since January 1 to bring its current price to $26.47 on MarketWatch. Although the stock price…
The House Financial Services and House Agriculture Committees have advanced bills actively seeking to provide a clear regulatory framework to govern the crypro and stablecoin market. In 2023, the crypto industry witnessed a substantial surge in lobbying efforts aimed explicitly at shaping stablecoin regulations and influencing legislative outcomes in the United States, Bloomberg reported. According…
OKX strategically positioned itself to ride the Ordinals wave, seizing the NFT crown amid exploding interest in Bitcoin-based creative assets. Cryptocurrency trading platform OKX has raced ahead of rivals to become the top marketplace for non-fungible tokens (NFT), recording over $50 million in daily NFT trading volume compared to $13 million on Blur and $3…
Reacting to Coinbase’s announcement, BONK quickly took to its heels, gaining nearly 8% in value to reach $0.00001132. Solana-based memecoin Bonk (BONK) is set to be listed on Coinbase, a major US-based cryptocurrency exchange. This was revealed in an announcement by the exchange on Wednesday as it unveiled its listing roadmap via a blog post….
TIA’s price skyrocketed to a record high of $13.1, followed by a subsequent correction. Presently, the price has found support around $10.8 and has the potential to continue its upward trajectory, which has been evident since its launch. Polygon has revealed its intention to incorporate Celestia, its decentralized data availability infrastructure, into the Polygon Chain…
Mortgage rates are expected to continue their downward trend in December. The US mortgage market is witnessing a resurgence in refinance demand, marked by a substantial 14% increase in applications. According to a CNBC report, this surge is attributed to a recent drop in mortgage rates, bringing them down to their lowest point since August….
The consensus within the crypto community is that a green light for a Bitcoin ETF is imminent, with expectations pointing towards an early approval in 2024. Bitcoin (BTC), the world’s leading cryptocurrency has once again captured the financial industry’s attention by surging past the $44,000 price mark, reaching its highest level since April 2022. Bitcoin…
Bitcoin has experienced a 150% surge in value throughout the year, reaching over $42,000 early Monday morning. This explosive growth comes amidst mounting anticipation surrounding the potential launch of a Bitcoin spot exchange-traded fund (ETF) in the United States. The main contributing factor to Bitcoin’s recent surge, in addition to the halving event approaching amongst…
For many crypto enthusiasts and market participants, all indications point to the fact that Bitcoin could hit over $60,000 by April 2024. Just as widely expected, it looks like Bitcoin’s (BTC) year will be ending on a very high note. This follows after its price surged 5% in the last 24 hours to surpass the…
In the midst of economic uncertainties, the crypto market, particularly Bitcoin, has experienced notable price movements. The crypto market is witnessing a surge in Bitcoin (BTC) price, reaching over $37,400, while US Treasury yields remain little changed since Friday. As investors keep a close eye on economic data that could influence the Federal Reserve’s monetary…
Following the release of the CPI report, Fed-funds futures pricing data indicated that rates are likely to remain steady at the next Federal Reserve policy meeting. In a remarkable turn of events, the stock market rallied strongly on Tuesday, adding to their impressive November gains. The surge was fueled by the positive reaction to new…
This article was written by Charles Rotblut, CFA is the editor of the AAII Journal, the flagship publication of The American Association of Individual Investors (AAII). Charles provides both insight about individual investor sentiment and market analysis. He is also the author of “Better Good than Lucky: How Savvy Investors Create Fortune with the Risk-Reward…
As the Bitcoin market continues to surprise with its resilience and unexpected surges, investors and enthusiasts eagerly await regulatory developments. In a surprising turn of events, Bitcoin (BTC) price has soared to new heights, reaching an 18-month high and inching closer to the $37,000 mark. The sudden surge caught many market participants off-guard, with traders…
Spurred on by enthusiasm for a forthcoming spot ETF, Bitcoin has catapulted to an 18-month high, surpassing the $37,000 mark Thursday. The cryptocurrency’s resurgence comes after a period of relative disinterest from mainstream market participants. With most eyes on the trial of disgraced FTX CEO Sam Bankman-Fried, the news was apocalyptic, with major news sources…
ETH may now be useful for those looking to hold on to the crypto asset as a store of value. Things are looking bright for Ether (ETH) at the moment following a resurgence in Ethereum network activity this week. According to the research head of Matrixport Markus Thielen, the weekly revenue recently recorded on the…
With the current positive news surrounding XRP, the prevailing sentiment, and the increased participation of crypto whales, it is expected that the price will continue to rise. XRP’s market capitalization has surged to $36 billion, coming close to Binance Smart Chain (BNB), which boasts a market capitalization of $37 billion. This achievement followed a major…
CME’s rise to prominence is often viewed as a sign of an institutional-led rally in the cryptocurrency market. The Chicago Mercantile Exchange (CME), a regulated financial marketplace is surging through the ranks of the largest Bitcoin (BTC) futures and perpetual futures exchanges by Open Interest, and it’s reminiscent of the early stages of the 2020-21…
metamorworks After rapid economic growth of 7.2% in the 2022-23 fiscal year, economic momentum has remained strong, with industrial production rising by 10.3% year-over-year (y/y) in August 2023 and GDP growth of 7.8% y/y in the April-June quarter of 2023. The S&P Global India Services PMI Business Activity Index for September signalled continued rapid expansion…
To underscore the bullish sentiments, the performance of Bitcoin forks reflects the same optimism among investors. Bitcoin, the world’s largest cryptocurrency by market capitalization, has continued its steady ascent to the $30,000 mark. The digital currency climbed to $29,800 in the past 24 hours, extending its weekly gains to over 11%. Bitcoin hit a 2023…
style-photography What a powerful finish as the S&P 500 (SPX) (SPY) and the Nasdaq (NDX) (NASDAQ:QQQ) shook off early pre-market declines on Friday (October 6) as investors reacted to the robust jobs market report. I last held a Neutral view of the Nasdaq in my previous update, as I wanted to ascertain the robustness of…
In addition to the 15% price surge, Solana’s total value locked (TVL) reached an impressive milestone on October 2, standing at $338.82 million. In a surprising turn of events, Solana (SOL), one of the most popular cryptocurrencies in the market, has experienced a remarkable resurgence, witnessing a 15% surge in its price over the last…
D. Lentz Original Post By Sohrab Darabshaw In an otherwise down market staring at a slow recovery in 2023, only India stands apart from the rest of the world in terms of aluminum production and consumption. Indeed, the government’s push for new infrastructure, especially for green energy, continues to drive domestic consumption and overall stability…
If not for anything else, the latest report about clean energy usage could mean a greater move toward the adoption of BTC. A Bloomberg analyst has just reported on the present situation with Bitcoin (BTC) miners as it concerns clean energy usage. In a recent thread on X (formerly Twitter), the analyst, Jamie Coutts said that…
Unchained, a leader in financial services tailored for bitcoin holders, has seen a 170% upsurge in loans backed by bitcoin from the first quarter to the second quarter of 2023, according to a press release sent to Bitcoin Magazine. The company also saw a 88% spike in institutional and corporate accounts, a 67% leap in…
Filmstax/iStock via Getty Images Rapid Call A couple of months back in my prior analysis on Upwork (NASDAQ:UPWK), I stated, […] from the highs set in the past 12 months, this stock has fallen by more than 60%. Yes, there are plenty of issues facing Upwork. I will not declare otherwise. But what I will…
MicroStrategy, under the leadership of Chairman Michael Saylor, has shown continued interest in the flagship cryptocurrency. Software developer MicroStrategy has revealed its plan to increase its Bitcoin (BTC) stack. According to a Tuesday filing with the US Securities and Exchange Commission (SEC), the firm’s action plan includes raising at least $750 million by selling more…
hapabapa Listen below or on the go on Apple Podcasts and Spotify Intel (INTC) surges as Q2 results show PC rebound underway, strong guidance. (00:27) U.S. crude oil (CL1:COM) benchmark closes above $80 for the first time since April. (01:41) First Solar (FSLR) to invest $1.1B in new U.S. factory; posts strong Q2 earnings beat….