Investors didn’t waste any time on Monday, continuing to push the stock market higher, building on gains from the past week. The Nasdaq Composite (NASDAQINDEX:^IXIC) was the only index not to close at a record high, but it posted the biggest gains, while the S&P 500 (SNPINDEX:^GSPC) and Dow Jones […]
crypto
Binance CEO expects ‘very high volatility’ in crypto. Here’s how to trade it
Volatility is a complex statistical measure commonly used by traders and investors. Those unfamiliar with it will likely attribute some sort of special “standing” to analysts whenever the term is used. However, as shown in a recent comment by Binance exchange founder Changpeng Zhao, most of the time, people are […]
The crypto market clears the way for growth to new heights
The crypto market continues to be in a positive frame of mind with a total capitalization of around $2.6 trillion. Bitcoin received support earlier in the week on a decline to $60K but failed to take the steady upside path. Probably, volatility will increase as the price moves out of […]
China’s Bitcoin Ban Is a Lesson in Crypto Regulation for Central Banks Everywhere
Illustration by Matt Chase Text size About the author: Eswar S. Prasad is a professor at Cornell University and the author of The Future of Money: How the Digital Revolution Is Transforming Currencies and Finance. China’s sweeping crackdown has roiled the cryptocurrency world. China had become a key player in […]
A viable central bank digital currency would have to be ‘the law’
The year after Satoshi Nakamoto put out a white paper on a concept for a new peer-to-peer currency called bitcoin (BTC-USD), Jonathan Dharmapalan realized that digital currencies are the future. The entrepreneur, a trained electrical engineer, spotted companies involved in electronic money flourishing all over, as people learned to transact […]
Cryptocurrency Is Bunk
Cryptocurrency is often dismissed by economists and investors alike as a purely speculative asset — for good reason. With daily price swings as high as 16 percent on the upside and more than 18 percent on the downside, Bitcoin, the most established cryptocurrency, is one of the most volatile assets on […]
Bitcoin Will Not Hit $100,000 by December 2021 if This Pattern Persists, According to Analyst Who Nailed Crypto Crash in May
Bitcoin will likely not be seeing $100,000 by December even amid its rapid growth over the last few weeks, according to the crypto analyst who accurately called BTC’s collapse in May. The analyst known as Dave the Wave tells his 80,000 followers that Bitcoin has been grinding higher in an […]
Bitcoin bull Mark Yusko sees trouble at $60,000, says it’s overbought
A bitcoin bull is on pullback watch. Hedge fund manager Mark Yusko believes investors will take profits due to the cryptocurrency’s sharp rally over the last few weeks. “There are a lot of people that think we could hit $100,000 by the end of the year. The stock to flow […]