Markets

With the plans to raise $1.5 billion through its ongoing IPO, Qualtrics has made a series of adjustments to its shares offering to the public in recent days.The Chief Executive Officer of German multinational software, SAP SE (NYSE: SAP) Christian Klein has disclosed that the proposed IPO of its subsidiary, Qualtrics, an American experience management company, is ‘massively oversubscribed’ by investors. Per a CNBC report, Klein noted that the demand for the shares of the software company has...

2020 turned out to be one of the S&P’s best performing years despite the pandemic. It seems the overall bullish trend in the past year is luring more investors and traders to the stock market. Data shows that searches for “stock market bubble” are peaking as the most recent frenzy with GameStop stock rages on.Stock Market 2020 Recap: A Few WordsThe raging pandemic saw millions of people losing their lives and jobs. These should have been more than enough to trigger a looming bear market,...

Catherine Wood also praised the newly nominated head of SEC Gary Gensler is “very pro Bitcoin”.The CEO of Ark Investment Management Cathie Wood has said that financial regulators in the United States will not assent to a Bitcoin exchange-traded fund unless the overall market capitalization of the crypto industry hits $2 trillion. This was made known in an ETF Trends Big Ideas event.According to Wood, she doubts if the US Securities and Exchange Commission (SEC) would feel comfortable with the...

Tron price is still facing a strong resistance near the $0.0325 and $0.0330 levels against the US Dollar.TRX price is now trading well below $0.0300 and the 55 simple moving average (4-hours).There was a break below a connecting bullish trend line with support near $0.0302 on the 4-hours chart (data feed via Bitfinex).The pair could revisit the $0.0280 support or even $0.0265 in the near term.TRON price is struggling to gain bullish momentum above $0.0320 against the US Dollar, similar to...

The start of 2021 has seen a revival of Bitcoin – the major cryptocurrency that acts as a tug for the rest of the crypto market. And though the surge in its price marks an important milestone in its history, a major question remains about the viability of the rest of the market and the phenomenon of DeFi that has led to the popularization of cryptocurrencies as means of payment in 2020.There is no doubt that cryptocurrencies are shrouded in more doubt than opportunity as most participants in...

Bitcoin price is struggling to clear the $34,000 and $35,000 resistance levels against the US Dollar.The price is now trading well below $34,000 and the 55 simple moving average (4-hours).There are two major bearish trend lines forming with resistance near $34,000 and $34,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair could decline sharply if it fails to stay above the $30,000 support zone.Bitcoin price is showing a few bearish signs below $35,000 against the...

Bitcoin has taken a bit of a stumble as of late. The world’s number one digital currency by market cap – which spent most of early January trading for over $40,000 (its highest point yet) – has dropped to about $33,000 at press time. The move has quite a few analysts and industry experts worried, but according to Michael Saylor – the CEO of MicroStrategy – next month could be rather big for the asset.Michael Saylor Will Push a BTC AgendaMicroStrategy has made quite a name for itself over the...

Bitcoin has been in somewhat of a slump over the past few days as the price doesn’t seem to be able to kick-off and reclaim the previous highs.One possible reason for this could be the fact that bitcoin miners have been realizing profits since the price hit its all-time high at $42,000, according to the CEO of cryptocurrency analytics company CryptoQuant. Data also shows that there are many investors sitting on the sidelines, waiting for a clearer market direction.Bitcoin in a Slump as Price...

GameStop shares have managed to scoop 470%, 265%, and 116.31% in the past three months, one month, and five days respectively.GameStop Corp Cl A (NYSE: GME) stock has been the talk of the market for the past few days, particularly for the astronomical price rally. The continued difference between short-sellers and social media-based investors, WallStreetBets from Reddit, has fueled the rally that saw GameStop stocks attain a new all-time high.GameStop stocks closed yesterday trading at...

Virgin Galactic stock has climbed more than 106% over the past year. These days, the stock is also in the green.American spaceflight company Virgin Galactic Holdings Inc (NYSE: SPCE) continues to record increases in its stock. On the 25th of January, Virgin Galactic surged 13% before a correction where the company lost the gains. On the same day, the stock recorded both loses and gains, showing investors uncertainties around the spaceflight company.A report by The Motley Fool highlighted the...