Tags : stocks

Cryptocurrency

Chinese crypto-linked stocks like Meitu see big corrections after Ethereum

Stocks of Chinese publicly listed companies fell sharply today after cryptocurrencies like Bitcoin, Ethereum, and others plunged massively on Wednesday, data from multiple sources shows. Yesterday saw over $8 billion in liquidations (or collateral that is seized by exchanges after asset prices hit a predetermined price level) and over 350,000 trading accounts getting liquidated as […]Read More

Bitcoin

Bitcoin Drops Alongside Tech Stocks as Bond Yields Rise

Bitcoin fell sharply on Monday and continued declining into the early Tuesday session as traders feared its excessive valuations after a 100 percent rise this year. The benchmark cryptocurrency lost more than $8,000, or 13.91 percent, to trade below $50,000. At its week-to-date low, it was changing hands for as much as $46,700. Bitcoin’s closest […]Read More

Bitcoin

Why crypto might grow like the early 2000s tech stocks:

Developed by research company Gartner to represent the adoption of new media, hype cycles have been used since the 1990s to quantify and predict the performance of groundbreaking new technologies. With the Gartner Hype Cycle perfectly describing the ups and downs the dot-com boom saw in the early 2000s, many have wondered whether applying the […]Read More

Bitcoin

Bitcoin At Risk Of Plunge Through Support If Stocks Turn

The overextended stock market bubble was already close to bursting, but some recent turmoil involving skyrocketing GameStop shares and a Reddit-driven short squeeze might break the already thin ice. If this happens, and the stock market turns down in a big way while Bitcoin is on critical support, there could be another sharp plunge across […]Read More

Bitcoin

Michael Saylor: Bitcoin is a better bet now than tech

Since charging onto the crypto scene late last year, MicroStrategy CEO Michael Saylor has become something of a Bitcoin poster boy. MicroStrategy became the first public listed company to hold Bitcoin as part of its treasury policy. At the time, the move was met with trepidation from a number of the firm’s shareholders. They questioned […]Read More