Crypto EcoBlog
Michael Walkley from Canaccord Genuity lowers his Apple (AAPL) stock price target from $345 to $300. Also, he is reiterating the buy rating. Per Walkley, people dive in calculations regarding how coronavirus will impact the mobile phone market.The future of Apple Inc (NASDAQ: AAPL) stock is unclear, and the analyst claims ‘soft June’ as the period worth noting as impossible. Thanks to the Chinese location of Apple production plants, the company’s goals in March became more frugal in reach....
Read More »Bitcoin Will Recover But It May Take Months, Fundstrat Expert Says
The crypto market played out well on March 19-20 amid the market crash, with Bitcoin (BTC) surging by almost 15% to climb back above $6,500.Fundstrat Global Advisors LLC gave a thorough analysis of the most famous cryptocurrency saying it may need few months for Bitcoin to completely recover. If you were watching the Bitcoin movement in the last few days, you probably wondered why Bitcoin acted as if it were just another currency, tumbling down in comparison to the greenback. Let’s try to...
Read More »Microsoft (MSFT) Stock Was Over 6% Up in Premarket, Now It Is Also in Green
The S&P 500 closed Thursday nearly 27% below its February high, meaning it took just a matter of weeks for a bear market to roll around. Microsoft fell as well. This month, MSFT is lower by 24%. But yesterday, it started gaining again.The recent sell-off in Microsoft Corporation (NASDAQ: MSFT) seems like a huge buying opportunity. Since February 19, Microsoft stock has dropped 28% even though it makes no sense. Or does it?At the time of writing, Microsoft (MSFT) stock is trading at...
Read More »Ethereum Co-Founder Vitalik Buterin Highlights His Views on Ethereum 2.0 for Next 5-10 Years
Ethereum 2.0 is scheduled to be launched this year. Vitalik Buterin has shared his opinion on all the changes that may come in the future.Ethereum co-founder Vitalik Buterin went to Twitter to highlight his approximate view on what the next five to ten years of Ethereum 2.0 and beyond might look like. However, he gave a disclaimer that the roadmap-highlights are his current views, and he respects other peoples’ ideas. At the same time, Buterin said that he has an open-mind concept for future...
Read More »Big Five Tech Companies Lost $1.3 Million in Combined Market Cap Over the Last Month
Top-five tech companies (Amazon, Apple, Alphabet, Microsoft and Facebook) have corrected anywhere between 25-30% over the last month’s global market crash. These companies have entered an official bear market after leading the 11-year bull market after the 2008 financial crisis.As on March 19 closing on the indices, the big five tech companies have lost a combined market cap of $1.3 trillion. These big five giants include Alphabet Inc (NASDAQ: GOOGL), Apple Inc (NASDAQ: AAPL), Microsoft...
Read More »All You Need to Know About Bitcoin Wallets in 2020
A cryptocurrency wallet is almost equivalent to a bank account, and just as it is important to be familiar with a bank of choice, it is just as important to be intentional in choosing a digital Bitcoin wallet.A crypto wallet contains private keys that allow you to manage and spend your coins, as your wallet address is an ingenious hash of your public keys. With Bitcoin wallets providing the perfect custodian and interaction between these two key pairs, it is only important that every bitcoin...
Read More »Amazon (AMZN) Stock Rises 2.78%, Amazon Prime Pantry Temporarily Closes Due to Coronavirus
Amazon’s business appears to be thriving these days. At the same time, hovering around $1,800 per share, Amazon (AMZN) stock is down about 17% from its recent high.Since coronavirus took its course, so did stock markets. Amazon.com Inc (NASDAQ: AMZN) stock has been pushed down together with the rest of the market. However, it seems the company has some secret cards in its sleeve. For now, when we look at the cash flow basis, the stock looks like a great buying opportunity. Yesterday, AMZN...
Read More »Moderna (MRNA) Stock Down 10.48% after FDA Commissioner Comments on Vaccine Timeline
Moderna (MRNA) stock tanked by 10.48% on Thursday. The slide followed FDA Stephen Huhn’s statement that the COVID-19 vaccine is at least a year away.After a short upward, Moderna Inc (NASDAQ: MRNA) stock has plunged. Yesterday, it closed at $28.27, 10.48% down from the previous mark. Before, Moderna stock had a sweet period, albeit short, accompanied by the positive coronavirus news.Moderna (MRNA) Stock PriceOn March 16, the biotech company dosed the first patient in a study of its...
Read More »Dow Futures Add 4% Today, S&P 500 and Nasdaq Futures Are Also in Green
Dow Jones futures and S&P 500 futures have changed little this morning, while Nasdaq futures rose modestly after California issued a “stay-at-home” order to slow the Covid-19 spread.U.S. stock futures started good on early Friday morning, showing potential for a positive opening after an also positive Thursday session. Investors are obviously still watching over coronavirus developments. The Donald Trump administration proposed an $850 billion stimulus package to stabilize the economy,...
Read More »Bitcoin Price Above $6,700 as Cryptocurrencies Rise $23.8 Billion in 24 Hours
Bitcoin price shows signs of recovering as it hit $6,700 level, even as the stock market continues in the sell-off. Major cryptocurrencies like XRP and ETH have followed the rally, as the market cap has risen by $23.8 billion in 24 hours.The crypto community can afford a smile, after days of market price free fall. Led by the mother coin Bitcoin, the cryptocurrencies rose by nearly 20% in 24 hours, rejuvenating the lost hope. At the time of writing, Bitcoin was trading slightly above $6,700,...
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