Page 5 - Stack Funds News Today

RAYANA ALQUBALI RIYADH: Bitcoin fell below $42,000 on Thursday, testing multi-month lows after minutes from the Federal Reserve's last meeting showed it leaning toward more aggressive policy action, which sapped investor appetite for riskier assets. The world's largest cryptocurrency was last at $42,784, down 7.44 percent, having lost 5.2 percent on Wednesday. A break below

El Salvadors legislature has adopted a bill making Bitcoin legal tender, the first nation to recognize the cryptocurrency as an acceptable form of payment for all debts. "Although enclosed shopping

JPMorgan points to weak Bitcoin futures as signal for bear market Bitcoin futures curve was in backwardation for most of 2018, a year when BTC lost 74% of its value, JPMorgan noted. 10553 Total views News JPMorgan’s cryptocurrency market analysts have pointed to the difference between Bitcoin’s (BTC) spot prices and BTC futures prices as a potential bearish sign for the market. In a Thursday note to clients, JPMorgan analysts led by global market strategist Nikolaos Panigirtzoglou ...

AMC meme stock frenzy may spill over to crypto as Bitcoin metric nears buy zone It could soon be a sea of green for Bitcoin and altcoins, sources argue, thanks to a convergence of data and the sheer power of memes. 10415 Total views Markets News Bitcoin (BTC) is slowly but surely preparing to flash the "buy" signal, a key indicator suggests as a trading frenzy reignites memories of the GameStop debacle. In its latest report from June 3, Stack Funds highlighted the Puell multiple nearin...

Bitcoin Will Recover, But New Highs Unlikely; Retailers Eye Expansion On 6/3/21 at 4:32 PM EDT CryptoCorner Bitcoin may be poised to move higher, but it wont be a meteoric rise, and any increase will be well below the cryptocurrencys all-time high. The worlds leading crypto by market cap has rebounded and traded in a narrow range after falling as much as 50% from its record high last month. However, Bitcoin mining activity suggests a move above $40,000 is possible. "Several on-chain and network...

"Several on-chain and network indicators have reflected a bullish skew over the week [for Birtcoin], albeit most being relatively neutral for the short and medium-term," Lennard Neo, a certified financial analyst and head of research at Stack Funds in Singapore, said in a research report. By

Bitcoin Goes from Trendy to Tacky in Just Three Months, Analyst Says On 5/20/21 at 1:59 PM EDT The late moguls insight into the rag trade may also apply to Bitcoin. "It took Bitcoin a mere three months to go from trendy to tacky," said economist Dr. Marion Laboure, a researcher at Deutsche Bank. Deustche Bank "Just as a fashion faux pas can happen suddenly, we just received the proof that digital currencies can also quickly become passé," Dr. Marion Laboure, an analyst at Deutsche Bank in Lond...

Bitcoin Plummets as Elon Musk Reverses Course on Accepting the Crypto at Tesla On 5/13/21 at 3:59 PM EDT Elon Musks decision to no longer accept Bitcoin to purchase Teslas electric cars slashed billions from the cryptocurrencys valuation, but wont kill investor interest in the sector, analysts believe. Bitcoin, the worlds leading cryptocurrency, fell to $46,294.72 Thursday after Musks tweet—28.59% below its record high of $64,829.14. It has since recovered about $4,000, but still remained dow...

Crypto Investors Turn to Ethereum as Alternative to Bitcoin On 5/10/21 at 2:18 PM EDT Ethereum, the worlds second largest cryptocurrency, soared to a record high Monday as investors placed their bets on the coins future in commerce and looked for an alternative to Bitcoins lofty valuation. In mid-day trading Monday, Ethereum fetched $4,148.44, just off the record high of $4,172.10 Its up 7.06% in the last 24 hours and 449.81% this year. The market cap is $480.72 billion, CoinDesk reported. Elon...

Surging Bitcoin Boosts Profits in Jack Dorseys Square On 5/7/21 at 2:30 PM EDT Jack Dorsey, co-founder and CEO of Twitter and electronic payments firm Square, makes good Yankee dollars on Bitcoin. Surging demand for the cryptocurrency drove Squares first quarter profit to 41 cents a share, exceeding Wall Streets consensus estimate of 16 cents by about 156%. Squares Cash App allows customers to purchase the cryptocurrency. The companys Bitcoin revenue rose 1,047% and at $3.5 billion represented ...