Robinhood says its 24-hour trading currently operating
Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.
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Introduced in May 2023, the Robinhood 24-hour market service allows customers to invest on their own schedule.
Findings from a 10x Research report reveal a potential Bitcoin price drop below $50,000 amid US economic uncertainty, impacting the broader crypto market.
The U.S. economy might be heading into a recession, causing a dip in Bitcoin and other cryptocurrencies. However, experts believe that Bitcoin could actually benefit
The ten most valuable tech firms in the world are all involved in developing technology for the robotics industry.
The September 28 earnings report is being called the most important event of the year for the stock market.
The Sept. 28 earnings report is being called the most important event of the year for the stock market.
Bitcoin price dropped to its lowest level since mid-July with a dip to near $62k on August 1. Stocks also plummeted as investors reacted to latest economic data and geopolitical tensions in the Middle East. Bitcoin price crashed 10% to trade to near $62k on Thursday as August began on a painful footing for cryptocurrencies […]
The post Bitcoin falls to $62k as crypto mirrors stocks crash appeared first on CoinJournal.
Hello copiers, followers and etorians! This is the monthly update on my investment portfolio: July 2024: +1.22% YTD: +28.37% 2023: +11.34% Last 12 months: +44.94% Risk score: 6 (medium) Currently, 25 people are copying my trades (+10 compared to last month) In July, my portfolio closed the month with another positive performance. It outperformed the [...]
The post July 2024 eToro Portfolio Update (PassionForProfit) appeared first on Crypto Breaking News.
Peter Berezin, chief global strategist at BCA Research, has predicted that the stock market will experience a significant crash by 2025. His prediction is noteworthy, given the impact that a decline in the stock market could have on the crypto market. Market Expert Predicts 32% Crash In Stock Market Berezin mentioned in an interview that the S&P 500 will decline by 32% and drop to 3,750 by next year. He explained that this downtrend would occur due to a recession in the US, which he predicts could happen at year-end or early 2025. He claimed that the reduction in consumers spending is already hinting at this recession as households have no savings to spend and banks are tightening their lending standards. Related Reading: Cardano Sees 1,218% Spike In This Major Metric, Will ADA Price Follow? Berezin also alluded to the rising unemployment rate, which he noted shows that the labor market is weakening and hints at an imminent recession. The market strategist warned that the Federal Reserves tightening monetary policy will make matters worse as the Central Bank continues to drag its feet in cutting interest rates. A potential decline in the stock market could negatively impact the crypto market, given Bitcoins strong positive correlation with the S&P 500 at times. Whenever this happens, Bitcoins price, and by extension, the broader crypto market, is known to move in the same direction as the stock market. Furthermore, based on Berezins analysis, a recession could have the same impact on the crypto market since consumers will have less to invest in Bitcoin and altcoins, which could cause trading volumes to dry up and lead to price declines for these crypto tokens. The crypto market has also shown that it is not immune to macroeconomic factors, considering how it has reacted to the Feds decision not to reduce interest rates just yet. Some Positive For Bitcoin And The Crypto Market The US June Consumer Price Index (CPI) inflation data was released on July 11. It provided a positive for Bitcoin and the crypto market, showing that the inflation rate dropped by 0.1% from May and put the annual rate at 3%, the lowest over three years. This development has further strengthened the call for the Fed to cut interest rates, as inflation is cooling off in the country. Related Reading: Analyst says Ethereum Will Reach $8,000 ATH, But This Needs To Happen First A cut in interest rates would boost investors confidence in investing more capital in risk assets like Bitcoin and other cryptocurrencies. Meanwhile, there is the belief that the Fed could cut interest rates by September if the monthly inflation data continues to show that inflation is slowing in the country. At the time of writing, Bitcoin is trading at around $57,000, down almost 2% in te last 24 hours, according to data from CoinMarketCap. Featured image created with Dall.E, chart from Tradingview.com
Popular Investor Statistics I am a Champion Popular Investor on eToro, eagerly awaiting an upgrade to Elite status as I approach the required minimum AUC. My username is vincenzost, and currently, about 190 people are investing in my portfolio. I am managing approximately $280,000, and my portfolio has a risk score of 6. Over the [...]
The post June 2024 eToro Portfolio Update (vincenzost) appeared first on Crypto Breaking News.
Hello, copiers, followers and etorians! This is the monthly update on my investment portfolio: June 2024: +6.18% YTD: +26.82% 2023: +11.34% Last 12 months: +48.78% The risk score is 6 Currently, 15 people are copying my trades In June, my portfolio closed the month with another positive performance. It outperformed the main US big indexes such [...]
The post June 2024 eToro Portfolio Update (PassionForProfit) appeared first on Crypto Breaking News.
Popular Investor Statistics I am a Champion Popular Investor at eToro, waiting to be upgraded again to Elite very soon, once I reach the minimum amount of AUC. My username is vincenzost. Currently, about 200 people are investing in my portfolio. I am managing around $320,000. The risk score of my portfolio is 6. In [...]
The post May 2024 eToro Portfolio Update (vincenzost) appeared first on Crypto Breaking News.
Hello, copiers, followers and etorians! This is the monthly update on my investment portfolio: May 2024: +10.57% YTD: +25.61% 2023: +11.34% The risk score is 6 Currently, 13 people are copying my trades In May, my portfolio closed the month with a double-digit positive performance, it has outperformed the main US big indexes such as the [...]
The post May 2024 eToro Portfolio Update (PassionForProfit) appeared first on Crypto Breaking News.
GameStop's stock is making headlines again, almost doubling in pre-market trading with the reappearance of the famous Roaring Kitty.
The allegations come weeks after Citron Research revealed its short position in GameStop.
Keith Gill, known as Roaring Kitty, buys 4 million more GameStop (GME) shares, increasing his holdings to over 9 million shares worth $262 million.
The crypto market has managed to stay afloat, with the leading cryptocurrency Bitcoin outpacing stocks on multiple occasions.
With traditional stocks showing mixed signals and Bitcoin breaking new records, investors are torn: stick with equities or ride the crypto wave? Heres a breakdown of whats moving the markets.
Canaan Inc. faces a compliance issue with Nasdaq due to its shares trading below $1.00, receiving a 180-day period to address the matter. (Read More)
Bitcoin’s price action in the past 24 hours has seen it slowly retracing from the $104,000 zone it started the week at. This range has become particularly significant as Bitcoin continues to flirt with levels last seen during its recent push toward new all-time highs. Bitcoin’s price movements over the past two days have tightened, and the candlestick behavior on the weekly chart has led to a doji formation on the weekly candlestick timeframe, an indicator of indecision. Interestingly, a technical analysis from crypto analyst Tony “The Bull” Severino has highlighted critical levels to watch that will determine whether the Bitcoin price is turning bearish or still bullish. Mixed Signals: Why the Current Resistance Zone Is Critical Crypto analyst Tony “The Bull” Severino shared a chart and in-depth breakdown on the social media platform X, pointing to horizontal support and resistance levels as the most important technical indicators in his view. As shown on his Bitcoin weekly chart, the leading cryptocurrency is now pressing against a well-defined resistance zone just below its all-time high, marked clearly in red. The proximity of this level to its all-time high means it could act as a ceiling, making it an important area to watch for either a breakout or a reversal. Related Reading: Whats Driving The Bitcoin Price Recovery Above $100,000 And Is It Sustainable? Tony outlines three possible interpretations for the current market structure around the $108,000 resistance level. The bullish case hinges on Bitcoin consolidating under resistance, a pattern often followed by upward continuation. The neutral case is that Bitcoin could be forming a broad trading range, in which case it makes sense to short the market at resistance while buying near support. On the bearish side, the presence of a doji candlestick at this key level may be a sign of fading momentum and an early signal of a price reversal. His trading strategy reflects this uncertainty. He has placed short positions within the red resistance zone, with a stop loss just above the all-time high. At the same time, he has set a stop buy order in the green breakout zone above the all-time high, ready to switch long should the Bitcoin price convincingly break through resistance. Conditions For A Bullish Breakout Are Not Yet Fulfilled Although Tony noted that the broader investment market, including altcoins and the stock market, looks strong, he cautioned that this does not guarantee a bullish breakout for Bitcoin. For confirmation, a bullish breakout must be preceded by aligning various technical indicators. These include a breakout with substantial trading volume, an RSI reading above 70 on the weekly chart, and a weekly close above the upper Bollinger Band. Related Reading: The Big Short Coming For Bitcoin? Why BTC Will Clear $110,000 At the moment, however, the Bitcoin CME Futures chart has failed to move past 70 on the daily RSI twice, and trading volume is in decline. According to CoinMarketCap, the trading volume of Bitcoin is $44.33 billion in the past 24 hours, a 11.40% reduction from the previous 24 hours. These are early warning signs that a breakout attempt may lack the strength needed for sustainability. Nonetheless, the conditions are still very mixed and starting to lean more bullish than bearish. At the time of writing, Bitcoin is trading at $102,352, down by 1.31% in the past 24 hours. Featured image from Pixabay, chart from Tradingview.com
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