Thursday, April 25, 2024
I am often asked about cryptocurrencies and if they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, which trades on a distributed and decentralized ledger called the blockchain. The best-known and most popular cryptocurrency is Bitcoin. It debuted in 2010 […]
After running above $48,000 earlier this week thanks to key catalysts, Bitcoin (BTC) has turned positive for the year. One catalyst, as noted by CryptoPotato.com, is news that Do Kwon, the founder and CEO of Terraform Labs, intends to buy $10 billion worth of Bitcoin over time. A second catalyst is that as the overall […]
Bitcoin’s value was cut nearly in half over the last few weeks: from a high of $68,978, it dropped to a low of about $35,000. However, after catching major support, Bitcoin is showing strong signs of life, thanks in large part to President Biden’s executive order on cryptocurrencies and institutional buying. According to CNBC: “Biden’s […]
Bitcoin has taken a massive hit. Since topping out at $68,978 in November, the digital currency plunged to a low of $32,990. However, after catching double-bottom support—and pricing in a good deal of negativity—Bitcoin is starting to recover. From a current price of $46,633, we’d like to see it challenge its prior high from November. […]
This week, I’m watching an ETF in the mining space. For the past year, it’s been basing after breaking out of a multi-year resistance point. I believe we could see nice upside in it within the next few months. As the markets as a whole are in turmoil… mining stocks are an interesting place to […]
Cryptocurrencies have been red hot, as we noted on November 5. So it came as no surprise when Bitcoin hit a new all-time high of $66,566 a day later. The surge is all thanks to retail and institutional interest, as well as JP Morgan, which says Bitcoin could be headed to $146,000. “The re-emergence of […]
Cryptocurrencies have been red hot. Despite some bumps, bruises, and threats from China, Bitcoin rallied 116% from a low of $28,748 to $62,010 just this year. Over the last four years, it’s up 8,430%…and the run may be far from over. In fact, analysts like Fundstrat’s Tom Lee say we could see $100,000, in the […]
With the launch of the first ever Bitcoin ETF… The SEC has legitimized cryptocurrencies. Although the ETF doesn’t buy Bitcoin directly, but rather, the futures of Bitcoin… It still will cause disruptions in the market. In this weekly briefing, I’m going to break down what I see could happen in the broad markets and cryptocurrencies […]
I often get asked about cryptocurrencies and whether they are safe investments to add to a portfolio. For investors unfamiliar with the term, a cryptocurrency is basically a digital token, or coin, that trades on a distributed and decentralized ledger called a blockchain. The most popular, and well known, cryptocurrency is Bitcoin, which made its […]
Formed in 2013, Robinhood Markets (HOOD) became a publicly traded company in late July with much fanfare. The company is widely considered the leader in pioneering commission-free trading for stocks and exchanged-traded funds through its popular mobile trading platform. Shares made their debut on July 29th at $38 a share but were priced at the […]
