The US dollar is edging higher on signals the Fed is nearing tapering bond buys. ADP’s NFP and the ISM Services PMI are set to rock markets. Oil extends its rise, cryptos move higher and AMC’s stock grabs attention with parabolic rises.
Cryptocurrency
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Cryptocurrency is a type of digital currency that generally only exists electronically. Bitcoin and Ether are well-known cryptocurrencies, but there are many different cryptocurrency brands, and new ones are continuously being created.
Investors Cheer After RBI Clarifies Crypto Trading Isn’t Banned
Crypto Trading Isn’t Banned: The Reserve Bank of India’s decision to remove a 2018 rule that forbid banks from facilitating cryptocurrency trades comes as a welcome relief for a community facing push-back from traditional lenders needed to help settle these deals.
Crypto Assets a Great Concern, Says Ireland’s Central Bank Enforcer
Crypto Assets: The rising popularity of cryptocurrencies such as bitcoin is “of great concern,” according to Derville Rowland, one of the top officials at Ireland’s central bank.
Bitcoin Whipsaws Investors With Same-Day Plunge, Rally of 30%
Bitcoin Reports: A 31% plunge in the morning. A 33% surge in the afternoon. Such was the wild ride Bitcoin took investors on Wednesday, lopping off billions in value before comments from some prominent proponents helped propel it on a torrid rebound.
Bitcoin Fell Below $50,000 Before Bouncing Back—What’s Next?
Bitcoin prices experienced some notable volatility today, dropping below $50,000 following a highly visible tweet from Elon Musk and then recovering.
This Metal Has Given More Returns Than Bitcoin This Year
There’s one metal that’s leaving all commodities — and even Bitcoin — in the dust this year. The challenge for investors is buying it.
Bitcoin Hit New Record on Sunday, Above $49,000 For the First time
Bitcoin reached a new record on Sunday, rising above $49,000 for the first time.
How is Bitcoin different from gold?
Bitcoin investors are having a wild ride. The best-known cryptocurrency reached a series of records in 2021, just three years after its price collapsed, wiping out more than two-thirds of its value.
Ether Follows Bitcoin to Record High Amid Dizzying Crypto Rally
The digital currency Ether reached a record on Monday a day after Bitcoin breached $34,000 for the first time as the surge in cryptocurrencies continues.
Crypto Technicals Flash Pain Ahead, Eye Bitcoin at $4,000
A gauge of the 10 biggest, most liquid digital coins dropped to its lowest this year on Wednesday, triggering a flurry of technical studies. While Bitcoin, the largest cryptocurrency, hasn’t hit a similar trough since June 29, it’s attracting bearish calls as it slips below its 50-day moving average.