Bitcoin Rally Ignites Lackluster Performance Of Crypto Stocks
Bitcoin had an impressive performance in July, along with major digital tokens that have hit their targets in the last four weeks. Bitcoin (BTC) increased by over a quarter, reaching $24,000, while Ethereum increased by approximately 55 percent, trading around $1,700. In the first week of July, the price of BTC led a strong increase […]
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The crypto market faces a stormy horizon as a prominent analyst and a report send warning signals about the future of both digital assets and big tech stocks. In a recent strategy session, Nicholas Merten, the popular host of DataDash, cautioned that cryptocurrencies and FAANG stocks (Facebook, Amazon, Apple, Netflix and Google) could experience lackluster gains […]
Kraken, the US-based exchange, is weighing in on whether to use an IPO or a direct listing to go public. Kraken’s CEO Jesse Powell stated that after Coinbase’s performance, they were considering other options for going public next year. The company will be the second crypto exchange to go public in the US if things happen as projected. Kraken Considers IPO vs Direct Listing for Going Public Kraken, one of the leading US-based crypto exchanges, is having doubts about how to go public. Its CEO, Jesse Powell, had indicated earlier this year they would use the direct listing....
If “crypto,” then a straight buy-up of BTC and ETH fared better than big name stocks this year. Bitcoin (BTC) may have fluctuated in price this year, but BTC remains a better play than the biggest crypto stocks.New data currently circulating shows that for all the growth in the industry surrounding Bitcoin, it still pays simply to buy and hold.Stocks fail to compete with BTC, ETHLooking at the stock performance of firms with the largest BTC allocations on their balance sheets, it becomes immediately apparent that it was more profitable to hold BTC than those equities — at least this....
Ethereum has continued seeing lackluster price action while Bitcoin rallies past its critical short-term resistance The crypto is on the cusp of flipping its $390 resistance, however, which could give it freedom to rally significantly higher in the short-term One trader is now noting that a surge up towards $432 could be in the cards if ETH can break above its short-term resistance level This would be a significant rally that potentially puts a firm […]
Data shows Dogecoin has now become the 8th largest crypto by market cap, after displacing Cardano from the spot. Dogecoin Market Cap Hits More Than $15 Million After The Price Surge The past week has been incredible for DOGE after what had been many months of lackluster sideways performance. At the time of writing, the […]