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Howard Lutnick, CEO of financial services firm Cantor Fitzgerald, argued this week in an interview that bitcoin (BTC) should be treated as a commodity, equating it with traditional commodities such as gold and oil. “When you really understand bitcoin, it is difficult to see it any other way,” Lutnick commented.underscoring the nature of bitcoin as…
Key facts: ARK, BlackRock and Fidelity led capital inflows into bitcoin ETFs. This behavior generates upward pressure for the price of bitcoin. During the day on Thursday, September 26, bitcoin ETFs (BTC) recorded an unprecedented inflow of money in the last two months, with a net total of $365.57 million. This flow of capital towards…
Key facts: The price of an ounce of gold is at an all-time high. Bitcoin, the “digital gold”, is also showing bullish movements. Gold has not stopped recording new all-time high prices this year. This reflects a sustained growing demand for the precious metal, something that usually occurs in times of economic uncertainty. “Gold is…
Key facts: With an uncertain macroeconomic outlook, a prolonged period of high volatility is expected. With the US rate cut, the crypto market as a whole is up 10% since the announcement. Historically, Bitcoin and the broader cryptocurrency market tend to experience a dip in the month of September. This month has typically led to…
MicroStrategy has outperformed the S&P 500 index thanks to its investment in bitcoin (BTC), according to data revealed by Michael Saylor, the company’s CEO. Since adopting BTC as part of its corporate strategy in August 2020, the company has seen over 1,000% growth in its stock performance. MicroStrategy’s performance not only outperformed the S&P 500….
Bulls Vs Bears | Bulls and Bears are at loggerheads, who will win? Why are the brokerages not in agreement on shares? Source link
SEPTEMBER 19, 2024 , 7:28 AM IST Stock Market Live Updates: How was the market movement on 18 September There has been volatility in the market today before the Fed outcome. Sensex Nifty closed with a decline. Today pressure was seen in midcap and smallcap stocks. Nifty Bank closed with a gain. There was selling…
With the Federal Reserve (Fed), the US central bank, expecting to cut interest rates, the market’s eyes are on the market. But that’s not all that matters to investors. “What could affect the market will not be the rate cut itself, but the effects of a possible recession,” stands out renowned trader Daniel Muvdi. The…
Markets Know what the experts think about investing in these 4 profitable stocks. Why do investors trust these 4 stocks? Know at what level you should buy and what is the target price and know with which strategy you can earn money in this stock and if you are in loss then definitely know how…
Trouble is mounting at the U.S. Securities and Exchange Commission (SEC) as, in an unusual twist, its chairman Gary Gensler and four other commissioners are set to appear before the House Financial Services Committee on Tuesday, September 24. That fact is quite an event, if you take into account that For the first time in…
