Bitcoin will rally from the latest cryptocurrency crash to hit a new record high of $75,000 by the end of this year.
That’s my latest prediction, even as Bitcoin’s price declined under the $40k mark a number of times on Monday, impacting the wider crypto sector.
The total crypto market is down $1.89 trillion currently, an 11% fall compared to last week.
What we’ve seen is Bitcoin briefly falling under $40,000, tracking losses in global equities. The correlation with Read More
A global poll has shown that Bitcoin, other cryptocurrencies and NFTs are more trusted than stocks to provide investors with better returns in 2022.
Around 6,000 people on LinkedIn have taken part in the survey since the start of the year, which is monitored by over 146,600. The results show that 30% of respondents believe ‘another cryptocurrency’ (other than Bitcoin) will give the best results; 25% say Bitcoin and NFTs (non-fungible tokens); and 20% Read More
A number of vigilante investors who are being driven into the social media frenzy to buy stocks of companies like AMC could find themselves financially burned.
Last Thursday, AMC shares rose almost 40% as investors on the Reddit WallStreetBets board once again pushed the stock in an attempt to hit short sellers who bet against the theatre operator.
This follows on from similar action that kicked off in January when activist investors on Reddit pumped other out-of-favour Read More
Inflation worries rattling stock markets across the globe should be used by investors as a reality check.
On Tuesday we saw the pan-European Stoxx 600 index drop 2.3% and London’s FTSE 100 fall 2.4%.
European losses followed on from the Asia Pacific region, with Hong Kong’s Hang Seng closing more than 2% lower and Japan’s Nikkei 225 ending the Tokyo trading session having lost more than 3%.
In addition, U.S. futures were down across the board ahead of the opening bell Read More
As Joe Biden’s presidential inauguration looms, investors should ride the “Biden bounce” in the markets this week.
But they must do it prudently.
As president-elect Biden readies to becomes the 46th president of the United States on Wednesday, we’ve seen the best stock market performance between the election and the inauguration for any president for at least 50 years.
History has taught us that we can expect the market to have a favourable Read More