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Tag Archives: nasdaq

Is it Time To Short Bitcoin? Answers OKEx CEO As Global Stock Markets Continue Their Uptrend

Despite world economies still feeling the adverse effects of the COVID-19 pandemic, most stock markets have recovered from the March losses, and some are even charting new highs.This has raised speculations that Bitcoin’s price may head south, and OKEx CEO Jay Hao recently offered his answer on the matter.Jay Hao Examines The Stock Markets And BitcoinAs CryptoPotato reported, the popular index Nasdaq reached a new all-time high yesterday and continued its upward movement today. Other...

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Bitcoin Price Stuck While NASDAQ Breaks All-Time Highs: The Weekly Crypto Report

The last seven days were relatively calm when it comes to Bitcoin as it marks a slight decrease of less than 1%. However, on June 15th, the price dropped to about $9,000, but it managed to recover very quickly and has traded in a narrow range since. Overall retail interest in the asset seems to be decreasing as Bitcoin recorded the lowest number of searches in the past three months, data from Google Trends revealed. The asset remains mostly correlated with legacy markets, but the latter...

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Bitcoin and Stocks Crash Together: June 11 Proved That Decoupling Might be Gone (Unlike Gold)

Yesterday was a painful day for both cryptocurrency and stock investors as the prices tumbled in a similar manner.As CryptoPotato reported, the Dow Jones, S&P 500, and Nasdaq 100 lost sizeable chunks of their value of around 5%, and so did Bitcoin. This invalidated the narrative for the decoupling of crypto from traditional stock markets.There was one asset, however, that remained stable and seemingly unfazed by the market crash. Gold remained stable, completely uncorrelated with both...

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Dow Jones And Bitcoin Price Tumble 5% Amid COVID-19 Fears

Global stock markets are tumbling today as fears of a second coronavirus (COVID-19) wave grow stronger. Reports have it that there’s a rising trend of new cases in the US and across the world, and this has evidently taken its toll on the economy as well.Equities Tumble Amid Fears of Coronavirus ReignitionThe World Health Organization announced that the coronavirus pandemic is worsening across the globe. The number of new cases continues to spiral on and even reached a new all-time high.It...

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Bitcoin Having Hard Times At $10K While Wall Street Breaking Records: The Crypto Weekly Market Update

To say that this week has been a wild ride is definitely an understatement. Bitcoin’s price went nuts and kept everyone on edge. In the span of 24 hours, BTC went to surge from $9,400 to almost $10,500 and then back to $9,400 and even lower down to $8,600 on BitMEX. This whole ordeal saw an insane amount of both short and long positions getting liquidated.Interestingly enough, all of this comes as the legacy markets are flying. The S&P 500 is up almost 6% this week alone, while Nasdaq 100...

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The V-Shaped Recovery: S&P 500 Surpasses 3000 As The COVID19 Effects Almost Gone

Legacy markets have almost entirely recovered from their sharp downturn in the middle of March. It appears that the adverse effects of the novel coronavirus COVID-19 are well behind. Despite the doom-and-gloom predictions of many economists, major indices are going up steadily.The S&P 500 Down Just 10% From Its February LevelsThe S&P 500 is currently trading at above 3,000 basis points, charting an increase of about 2% on the day. More interestingly, it’s down only about 11% from its...

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Nasdaq Adopts R3’s Corda Blockchain For Digital Assets Management

The tech-heavy stock exchange, Nasdaq, has become the latest traditional stock market to adopt blockchain technology in managing digital assets.Nasdaq Partners R3According to a Wednesday report, Nasdaq, through a partnership with R3, will use the Corda ecosystem to create marketplaces for the issuance, trading, settlement, and management of digital assets.R3 is an enterprise blockchain technology company. The firm delivers Corda, a next-generation platform powered by industry-leading...

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Why Global Markets Are Rallying When It Seems Like They Should Be Crashing Due To COVID-19?

There’s something curious unfolding in global markets this month. While COVID-19 rages across the planet and the economy has ground to a halt, equities have actually been rallying. Global stock prices have been on their way up for two weeks now. It appears like Wall Street’s doing great. The Dow Jones Industrial Average has increased by 21.8% since Mar 23.So have investors lost their minds? On the face of it– this seems absolutely crazy. How could stocks be rallying when 10 million people in...

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Alphabet (GOOGL) Stock Down 4% as Dow Jones Lost More than 1,000 Points

Dow Jones started the day with losing 1,058 points, or 4.7%. The S&P 500 was down 4% and the Nasdaq was 3.87% lower. Alphabet (GOOGL) stock is in the red as well.Friday’s trading started with Wall Street in red, with tech stocks going south. For instance, Alphabet Inc (NASDAQ: GOOGL) stock started the trading session at $1,127.47. At the moment of writing, Alphabet stock makes up $1,120.00 per share. It means that now GOOGL stock is falling nearly 4% if compared with the previous...

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Investing: This Stock With Bitcoin Exposure Is Oversold Amid The Global Markets Crash

Twitter founder and CEO Jack Dorsey went on to found Square Inc. (NYSE: SQ) in 2010. It’s a payment processing company that made a credit card reader merchants could use with their smartphone to accept payments. But in 2015, Square took it a step further with the creation of Square Cash (now called Cash App).It allowed businesses and organizations to send money from smartphones using a “cashtag” like “$thisisacashtag.” The idea was to make sending cash as easy as sending an email. The Cashtag...

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