The creator of the FTSE100 launches indices for crypto
FTSE Russell, creator of the FTSE100 stock index, has released a series of indices whose constituents are digital assets, according to a press release released via its website on Nov. 29. The series has been produced in cooperation with Digital Asset Research. FTSE Russell is a subsidiary of the London Stock Exchange. The 2022 performance of the […]
Next few weeks are ‘critical’ for stock market and Bitcoin, analyst says
The stock market’s movements in the next few weeks will be critical for determining whether we are heading towards a short-term recession or a long term-one, according to forex trader and crypto analyst Alessio Rastani. During the October-December 2022 period, the analyst expects to see the S&P rallying. “If that bounces or rally fails and […]
20% drop in the S&P 500 puts stocks in a bear market, Bitcoin and altcoins follow
Whoever coined the phrase “sell in May and go away” had brilliant insight and the performance of crypto and stock markets over the past three weeks has shown that the expression still rings true. May 20 has seen a pan selloff across all asset classes, leaving traders with few options to escape the carnage as […]
Crypto-related stocks jump in positive reaction to executive order
The stock prices of crypto-related companies have jumped as the broader market reacted positively to President Joe Biden’s long-awaited executive order requiring US federal agencies to create a regulatory framework for digital assets, as well as exploring a future digital dollar. Coinbase (COIN) surged, up 10.5% at market close, while shares in Bitcoin-evangelist Michael Saylor’s […]
Elon Musk's Tesla is already $1 billion in profit from holding Bitcoin
Tesla’s (TSLA) bold foray into the Bitcoin (BTC) market has been paying off in 2021 as BTC price rallies in October to hit over $58,000 on Oct.14. Tesla currently holds roughly 43,200 BTC, worth roughly $2.5 billion at today’s prices, according to online monitoring resource Bitcointreasuries.net. This is approximately 65% or $1 billion more than what the […]
Bitcoin slides with S&P 500 as Fed signals tapering $120B monthly bond purchases
Bitcoin (BTC) prices briefly fell below $44,000 on Thursday as the United States Dollar strengthened after the U.S. Federal Reserve policy minutes revealed its intentions to limit its bond-purchasing program this year. Bitcoin risks $45,000 becoming new resistance The spot BTC/USD rate dropped 1.71% to a new week-to-date low of $43,955. The pair’s plunge appeared […]