Markets

Bitcoin has incurred a nasty fall in recent days, dropping from $40,000+ earlier in the month to about $30,000 at press time. Thus, the currency has lost more than $10,000 since reaching its new all-time high, and many analysts – including Agustin Carstens of the Bank for International Settlements – believe that the world’s number one digital asset by market cap may be in a heap of trouble.Agustin Carstens: Bitcoin May Not Last Beyond a Certain PointIn a recent interview, Carstens went so far...

BitcoinBitcoin is up by a cool 20% over the past week as it currently trades near the $35,700 handle. The number 1 ranked cryptocurrency had been trapped within a range for the majority of the week as it oscillated between $33,000 and $30,000.Looking at the larger picture, Bitcoin was trading within a descending triangle pattern since hitting the new ATH price at $42,000 in early January 2021. It had spiked beneath the lower boundary of this triangle at $30,000 throughout the week but managed...

Bitcoin has to prove itself in order to become a reliable store of value. BlackRock CEO and founder Larry Fink said that the crypto asset might see a bright future, but firstly it has to endure and prove itself.Bitcoin is Still UntestedDuring a recent interview, BlackRock founder and CEO Larry Fink expressed his current opinion and predictions towards the world’s leading cryptocurrency in terms of market cap. Asked to share some thoughts on BTC, Fink said that the digital asset might see a...

The US financial services company Robinhood continued with restricting its users from accessing its most popular products. After yesterday’s halt of GME stocks, the platform has suspended instant cryptocurrency buying, citing “extraordinary market conditions.”Robinhood’s Restrictions Reach CryptoFollowing the GameStop sage, in which the company’s stocks went parabolic driven by retail interest, Robinhood barred traders from buying its shares. The firm argued that it was looking out for its...

At the time of writing, DOGE is in the 10th position with a market cap of $7 billion.It is a wild world on Reddit and Twitter as Dogecoin (DOGE) was targeted as the cryptocurrency befitting to be pumped as the shares of American video game retailer GameStop Corp (NYSE: GME) has been over the past days. As reported by CNBC, a frenzy on the Reddit chatroom dubbed ‘SatoshiStreetBets’ aimed to make Dogecoin the cryptocurrency equivalent of GameStop by pumping the price through mass retail...

Musk’s recent endorsement of Bitcoin came as a shock to many as he had previously criticized the digital coin in his tweets, interviews and podcasts.Bitcoin finally saw an upward action this week after Elon Musk mentioned the cryptocurrency in his Twitter Bio. The biggest cryptocurrency which wasn’t having a great week, jumped as much as 14% in the early stages of January 29 after the namecheck by one of the most influential people on the globe. Bitcoin’s price rose from $32,000 to $37,800...

Robinhood has recently been criticized for its action to halt the trading of some selected stocks and cryptocurrencies that are doing exemplary well in the market.After Robinhood halted selected stock trading and retail traders gave thousands of negative reviews on the Google Play store, Robinhood’s rating dramatically nosedived to a 1-star. However, Google LLC (NASDAQ: GOOGL) has come to its rescue by deleting over 120,000 negative Robinhood reviews citing violations related to manipulation....

To say that the last few days have been exciting would be a massive understatement in regard to the global financial markets.A group of retail investors, united behind the same cause of rebelling against “smart money” on Wall Street, brought out plenty of things that are wrong with the status quo. Wall Street Bets, as their subreddit was originally called, has also caught the attention of the cryptocurrency community, with the leading monitoring resource, CoinMarketCap, dedicating an...

This would not be the first time Roblox is suspending its listing plan.The Securities and Exchange Commission (SEC) of the United States has forced Roblox Corp’s hands into temporarily suspending its attempt to go public because of how it recognizes revenue in its finances. This was made known through an internal memo that was shared with workers of the company recently.According to the memo, the founder and chief executive of the firm David Baszucki said that the SEC was demanding that the...

The recent dip in Facebook stock comes despite the company having reported better than anticipated earnings.Facebook Inc (NASDAQ: FB) stock closed Thursday’s trading session at $265.00, down 2.62%. Meanwhile, the Facebook stock had dropped further 1.22% during Friday’s pre-market to trade around $261.78 after the company revealed its Q4 earnings report.Despite having a profitable 2020, Facebook stock has been on the receiving end for the past few months. According to metrics provided by...