The first week of the new year saw a vicious pullback across all cryptocurrencies in the market. Ether (ETH) price dropped from its November peak at $4,800 peak to under $3,000 on Jan. 8 and Terra’s LUNA governance token also dropped from $85 on Dec. 31 to $67 on Jan. […]
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Meme stocks are fading as retail traders rotate into cryptocurrencies and the metaverse, fintech CEO says
SOPA Images/Getty Images SOPA Images/Getty Images One year since GameStop started it all, the meme stock craze is fading. Last January, millions of retail traders banded together to drive eye-popping rallies in highly shorted, nostalgic companies, like GameStop, AMC Theaters, and BlackBerry. Day traders minted a new asset class dubbed […]
Crypto regulation is coming, but Bitcoin traders are still buying the dip
Looking at the Bitcoin (BTC) chart from a weekly or daily perspective presents a bearish outlook, and it’s clear that BTC’s price has been consistently making lower lows since hitting an all-time high at $69,000. BTC/USD on FTX. Source: TradingView Curiously, the Nov. 10 price peak happened right as the United States […]
5 times quickfire crypto traders bought the news for double (or triple) digit profits
Why do crypto traders “buy the rumor, sell the news”? Simple. Because whispers of exchange listings or big-name partnerships reach very few people… while an article in Cointelegraph can reach hundreds of thousands of crypto enthusiasts in seconds. While insiders are quietly amassing tokens on rumors, the rest of us […]
Stocks rise as traders digest mixed November jobs report
Stocks sank on Friday to end the week lower, as investors digested updates on the Omicron variant alongside the Labor Department’s November jobs report, which came in mixed compared to Wall Street’s elevated expectations. The S&P 500 posted a weekly loss of 1.2% since last Friday, sliding in volatile trading […]
Tesla Chief Executive Officer Elon Musk Shows How Crypto Trading May Ruin Stock Traders’ Weekends
Musk’s Twitter followers recommended he sell 10 per cent of his stake in the carmaker, The crypto-revolution has done a lot of things: Turned images of dogs into digital gold, lured talent and real dollars from Wall Street, and introduced a bewildering array of jargon to mainstream finance. And now […]
Options Traders Blast DoorDash Stock on Acquisition Buzz
Options volume is running at 14 times the intraday average The shares of DoorDash Inc (NYSE:DASH) are up 13.3% to trade at $217.49 at last check, after the company said it bought international food delivery name Wolt for $8.1 billion. The news comes on the heels of its third-quarter revenue beat, which is helping the […]
How cautiously bullish Bitcoin traders use options to maintain BTC exposure
Bitcoin (BTC) traders appear undecided on the next step, and this is reflected in the price oscillating between $58,400 and $63,400 over the last 14 days. There are some bearish signals coming from the United States regulatory front, but at the same time, the Bitcoin exchange-traded funds (ETF) surpassing $1.2 […]
Stocks hover near records as traders look to extend gains into November
Stocks touched records on Monday, with equities looking to build on gains after the S&P 500’s best month since November 2020. The S&P 500, Dow and Nasdaq each set record intraday and closing levels. Investors headed into November trading with momentum from a record-setting October, when the S&P 500 logged […]
Retail traders follow Nancy Pelosi’s stock moves to find winners
When in doubt, pick the same stocks that lawmakers’ spouses are buying? That’s what retail investors are doing when it comes to trades made by House Speaker Nancy Pelosi’s husband, Paul Pelosi, a businessman who owns a real estate and venture capital firm. Though Nancy Pelosi herself doesn’t trade stocks, […]