Markets

CEO of Galaxy Digital Michael Novogratz is at it again with his praise and pushing of bitcoin. In a recent interview, he said that BTC was less risky than the stock market.Mike Novogratz Is Pushing BTC AgainAs it stands, bitcoin has been going through something of a rough patch. The currency recently fell from about $12,400 to its present figure of $10,800, which is about $400 higher than where it stood just a few days ago. The good news is that bitcoin is quite close to hitting the $10,900...

CFDs are really attractive to investors and traders on the crypto market as they allow to increase the profit by 100-fold. However, one should be careful because CFDs imply some risks.Despite being one of the most revolutionary pieces of fintech in recent years, cryptocurrency hasn’t attained the mass adoption enthusiasts had hoped. However, this has not limited the potential of cryptocurrencies. In fact, CFDs, once exclusive to fiat currencies, stocks, indices, treasuries, and commodities,...

Virgin Galactic (SPCE) stock closed 24.83% higher on Monday and rose 1.56% in pre-market today.Following a Coinspeaker report on the bullish call on Virgin Galactic Holdings Inc (NYSE: SPCE) stock price by Bank of America Corp (NYSE: BAC), two analysts have expressed an almost antagonistic price call for the stock. Per the report from CNBC, Nancy Tengler, chief investment officer at Laffer Tengler Investments, noted that the customer base may not be there for Virgin Galactic (SPCE) to make...

While SpaceX is ramping up plans to get the internet service up for the market, the customer interest in the service is surging with about 700,000 people currently.SpaceX founder and Chief Executive Officer Elon Musk have mulled the possibility of taking SpaceX’ Starlink Satellite internet service. Making this known via a tweet, Elon Musk responded to a user’s query asking to take Starlink Satellite public with a prompt disclosure to retail investors.We will probably IPO Starlink, but only...

ADA price gained traction and rallied above the $0.1000 resistance against the US Dollar.The price traded to a new monthly high at $0.1065 and settled above the 55 simple moving average (4-hours).There was a break below a major bearish trend line with resistance near $0.0860 on the 4-hours chart (data feed via Kraken).The price is currently correcting lower, but dips are likely to find support near $0.1000 or $0.0950.Cardano price is trading in a positive zone above $0.1000 against the US...

Ethereum price started an upside correction from the $313 swing low against the US Dollar.ETH price is currently struggling to clear the $365 resistance and trading just above the 55 simple moving average (4-hours).There was a break below a key ascending channel with support near $354 on the 4-hours chart (data feed from Coinbase).The pair could accelerate further if it breaks the $350 support level in the near term.Ethereum price is declining and trading below the $355 support against the US...

According to Stack Fund co-founder and CEO Matthew Dibb, the stock market is suffering at the time of writing, and so long as it continues to suffer, bitcoin will suffer as well.Matthew Dibb: BTC Will Suffer So Long as Stocks DoAt this point, there is no reason to deny that bitcoin and the stock market share a special correlation of sorts. Whenever the stock market goes up, bitcoin tends to follow and vice versa. This also works in reverse. If stocks move down, bitcoin will typically edge...

At the time of writing, as the market opened, Virgin Galactic (SPCE) shares are 19.26% up, trading at $19.60.The shares of Virgin Galactic Holdings Inc (NYSE: SPCE) has risen in the pre-market following a boosted share price call by the Bank of America Corp (NYSE: BAC). Per reports from CNBC, Virgin Galactic (SPCE) shares received a buy rating, not only from Bank of America analysts led by Ron Epstein but by the likes of Morgan Stanley (NYSE: MS), Vertical Research Partners, Cowen Inc...

According to Elon Musk, within the next seven years, he expects Tesla to produce over 20 million new vehicles per year. As he said, five years would also be enough, but under the conditions given, reaching this figure is “possible, but unlikely.”Tesla Inc (NASDAQ: TSLA) CEO has highly ambitious plans for the leading electric vehicles maker. Today, early in the morning, Elon Musk wrote that Tesla would produce as many as 20 million cars a year before 2030. Notably, the figure is 50 times more...

17,000 BTC is equivalent to $182 million based on the current price of Bitcoin, which is now still below $11,000.Since Grayscale Investments established its Bitcoin Trust in 2013, the company has systematically increased its holdings of the digital currency. In the past 7 days, the Grayscale Bitcoin Trust acquired another 17,000 BTC which was added to the company’s assets under management (AUM). This brings the firms total bitcoin holdings to 45,000. This is equivalent to $4.7 billion by...