Crypto Stock Advance Fuel Earnings And Market Rally – What’s Next For Investors?
Crypto stocks in the United States witnessed a notable uptick in pre-market trading as Bitcoin surged to its highest level since May 2022. BTC crossed the $36,000 mark for the first time in approximately 18 months on Thursday, igniting a bullish wave that extended to publicly-traded companies with significant exposure to the crypto market, including […]
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Recently, bitcoin’s price grew more than 50 percent in less than a month before taking a dip. What goes up comes down, how does the rally affect the bitcoin ecosystem? Bitcoin.com asked Spencer Bogart, Equity Research analyst at Needham & Company, his opinion on the recent bitcoin rally. Bitcoin’s Rally Likely Means More Upside. Analyst Spencer....
It can no longer be denied that the price of bitcoin is being heavily influenced by the macro environment. The stock market correlation had hit a new all-time high earlier in the year, and the crypto market is yet to decouple from it. Given this, bitcoin investors would do well to react accordingly and pay attention to the stock market for a possible forecast of where the bitcoin price may be headed, and here are some reasons why. Institutional Investors Are Here The call for institutional adoption had been loud throughout the last few years, and these big players had actually begun to....
Chris DeMuth Jr., a portfolio manager at Rangeley Capital, writing in prominent investor portal Seeking Alpha, suggests investors optimize their cash holdings and put 10% of it in bitcoin. DeMuth began his explanation with an overview of the current investing environment. He noted the stock market is very pricey. Stock Market Pricey. The stock market price is currently about 119% of the GDP. The annual average total returns from that level is less than 1% historically. The cyclically adjusted price-to-earnings ratio is around 26, which is 58% higher than average, which is 92% as high as....
Dogecoin reached another record high on Wednesday for apparently no reason but an ongoing boom across the cryptocurrency market ahead of Coinbase’s direct listing on the Nasdaq Stock Market later in the day. The Dogecoin Rally Brief The DOGE/USD exchange rate climbed to as high as $0.146 ahead of the London opening bell after breaking […]
While the American economy witnesses small business failures across the nation, historical unemployment rates, major issues with the supply chain, countless product shortages, and the cost of goods and services inflating, the stock market continues to rally. The CEO of the Forward Thinking Group UK, Neil McCoy-Ward, thinks the current stock market is “completely disconnected from the economy,” for various reasons, but McCoy-Ward believes today’s bubbling stock market mostly stems from things like excessive stimulus and share buybacks. Neil McCoy-Ward Describes an....