Stocks

What Changed in Crypto Markets While You Were Sleeping — Aug 3

Source Node: https://beincrypto.com/what-changed-in-crypto-markets-while-you-were-sleeping-aug-3/
Time Stamp: August 3, 2021 4:43 AM - Modified On: August 3, 2021 - Published By:
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BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.Sponsored Sponsored Bitcoin update On Aug 1, BTC reached a high of $41,599. This seemed to cause a breakout above the $40,550 resistance area, which had been in place since May 20.  However, the price has been decreasing since and has fallen all the way to $37,966. This rendered the previous breakout a deviation, with the $40,550 area now expected to act as resistance again.Sponsored Sponsored BTC has nearly reached

Cathie Wood’s ARK Invest Snaps Up $45M in Robinhood Stock

Source Node: https://decrypt.co/77232/cathie-woods-ark-invest-snaps-up-45m-robinhood-stock
Time Stamp: July 30, 2021 6:40 AM - Modified On: July 30, 2021 - Published By:
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Cathie Wood’s investment firm ARK Invest was quick off the mark to purchase 1,297,615 shares of Robinhood as the company went public on Thursday.With Robinhood's stock closing its inaugural trading session on the Nasdaq at $34.82, this makes the purchase worth more than $45.1 million. According to data disclosed by ARK Invest, this was also the company’s largest purchase of the day across all six actively managed exchange-traded funds (ETFs), with the shares going to the ARK Innovation ETF (ARKK). What is Robinhood? Robinhood is a popular trading app which

Market Analysis Report (26 Jul 2021)

Source Node: https://www.cryptocompare.com/email-updates/daily/2021/jul/26/
Time Stamp: July 26, 2021 4:52 AM - Modified On: July 26, 2021 - Published By:
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A poll conducted by American analytics firm Gallup has found that since 2018, Bitcoin and other cryptocurrencies have gained momentum among U.S. investors. It found that 6% of its 1,037 respondents own BTC, a 4% rise from 2018. Gallup’s Investor Optimism poll defines U.S. investors as “adults with $10,000 or more invested in stocks, bonds or mutual funds.” Of the survey’s respondents, 13% under fifty hold BTC, with the number being 3% among senior investors. In 2018, 80% of investors revealed they had an interest in buying Bitcoin, while this

NFT Digital Art Collection Sells for Almost $800,000

Source Node: https://beincrypto.com/nft-digital-art-collection-sells-for-almost-800000/
Time Stamp: December 14, 2020 5:45 AM - Modified On: May 21, 2021 - Published By:
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We’ve just witnessed the biggest purchase of a blockchain-based digital artwork collection in history, smashing the previously held record by hundreds of thousands of dollars. The artist behind this historic sale is Mike Winkelmann who works under the moniker ‘Beeple.’ The auction for the BEEPLE: EVERYDAYS 2020 collection, which Winkelmann refers to as ‘THE COMPLETE MF COLLECTION,’ is a one-of-one curation of all the digital art creations Beeple made in 2020. When all was said and done, the collection sold for a massive $777,777.77. The auction took place on the

98% of All Bitcoin Is Now Worth More Than When You Bought It

Source Node: https://cointelegraph.com/news/98-of-all-bitcoin-is-now-worth-more-than-when-you-bought-it
Time Stamp: August 19, 2020 4:55 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin (BTC) has delivered gains to its holders on almost 98% of all days since 2013, new data confirms. According to a dedicated social media-based monitoring resource which tracks profitability, buying Bitcoin has made its holder richer on 97.6% of days.BTC profitability “characteristic of bull runs”Put another way, as on-chain analytics service Glassnode noted in its The Week On-Chain weekly report on Monday, 97.6% of Bitcoin unspent transaction outputs (UTXOs) are in profit.This means that only 2.4% of UTXOs were created — as part of a transaction between wallets — when

Bitcoin Shoots Past $12,000 While US Dollar Hits 2-Year Low

Source Node: https://www.bitcoinmarketjournal.com/bitcoin-shoots-past-12000-while-us-dollar-hits-2-year-low/
Time Stamp: August 18, 2020 5:53 PM - Modified On: May 21, 2021 - Published By:
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We’ve been on dollar watch for a couple weeks now, as it loses ground against virtually every asset on the planet. In this graph, we can see that the Dollar Index chart has been declining since late-May, and has now sunk below the near-term support (yellow line) on its third attempt. The Dollar Index, however, only really shows the U.S. dollar’s place within the currency markets. In fact, the purchasing power of all fiat currencies has been falling steadily for many years, a process that has been vastly accelerated by

Analyst on Bitcoin: Wall Street Isn’t Ready For What’s Next

Source Node: https://bitcoinist.com/analyst-on-bitcoin-wall-street-isnt-ready-for-whats-next/?utm_source=rss&utm_medium=rss&utm_campaign=analyst-on-bitcoin-wall-street-isnt-ready-for-whats-next
Time Stamp: August 18, 2020 11:16 AM - Modified On: May 21, 2021 - Published By:
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Bitcoin price just set a new yearly high after pushing above $12,000 and may be gearing up for an explosive move higher. The first-ever cryptocurrency may be finally entering a new uptrend. If this is the case, and the asset continues to follow the stock-to-flow model, Wall Street may be left in shock after having to adjust their chart settings to keep up with Bitcoin’s logarithmic growth. Institutions Begin Looking Toward Bitcoin As A Hedge Against Inflation Bitcoin is unlike any other financial asset before it. And while it shares

Buffett Bought Gold, Will Buy Bitcoin: Morgan Creek Digital Co-Founder

Source Node: https://cointelegraph.com/news/buffett-bought-gold-will-buy-bitcoin-morgan-creek-digital-co-founder
Time Stamp: August 17, 2020 8:42 AM - Modified On: May 21, 2021 - Published By:
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Co-founder and partner at hedge fund Morgan Creek Digital, Jason Williams, predicted that famous investor and business tycoon Warren Buffett will buy Bitcoin (BTC).In a tweet sent on Aug. 15, Williams pointed out some of the most recent investment decisions of the American billionaire and predicted that he will end up buying Bitcoin.Buffett sold banks and bought gold. He will buy #Bitcoin soon.— Jason A. Williams🚀 (@GoingParabolic) August 15, 2020Williams was referring to the most recent changes to the portfolio of Berkshire Hathaway, where Buffett is chairman and CEO. Fortune