Bitcoin price has had one of its largest corrections since the bull market began, and has since struggled to reclaim $50,000. But the scenario is nowhere near as bad for the cryptocurrency as it is for one of its biggest supporters. Although the company’s share price had benefitted initially from buying BTC, it wasn’t enough to fend off profit-taking and […]
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Goldman Sachs analyst Gary Black says Tesla should dump its bitcoin in favor of buying back shares following the price pullback for TSLA. In a tweet the former equities chief information officer (CIO) with Goldman Sachs, suggested Tesla could spark a wave of momentum by announcing the sale of its bitcoin in favor of a stock buyback. Black’s tweet followed […]
Read moreShares of experience management company Medallia, Inc. (MDLA) are down more than 25% Friday morning at $28.02. Thursday after the bell, the company had reported wider net loss for the fourth quarter. Net loss for the quarter was $48.8 million, or $0.32 per share, compared with net loss of $31.9 million, or $0.25 per share, in the same period last […]
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Bitcoin price has been an uptrend for a full year now, taking the price of the cryptocurrency from under $4,000 to well over $50,000 at the current peak. With analysts calling for a top closer to $100,000 or much higher, it is hard to be bearish on the top crypto asset currently. However, an iconic trader with extensive experience in […]
Read moreShares of comfort technology company Purple Innovation, Inc. (PRPL) are falling more than 24% Thursday morning after the company reported its fourth-quarter results. Excluding items, adjusted earnings for the quarter were $0.07 per share. On average, 10 analysts surveyed by Thomson Reuters expected earnings of $0.11 per share. Looking forward to the first quarter, the company expects revenue to be […]
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Huobi Asset Management is set to launch a bitcoin (BTC) tracker fund, an Ether (ETH) tracker fund, and a multi-strategy digital asset fund, after successfully gaining the approval of the Hong Kong Securities and Futures Commission (SFC), according to reports on March 4, 2021. Huobi Rolling Out Fresh Crypto Funds With the global cryptocurrency markets now at a massive $1.45 […]
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Bitcoin traders should get used to facing more shocks from Treasury markets even as the cryptocurrency goes through a strong rebound phase. With coronavirus cases falling, another round of government stimulus looking likely, and millions of Americans receiving vaccines each week, expectations have surged higher about how quickly the US economy could expand this year. A Reuters poll showed that […]
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Shark Tank star and investor Kevin O’Leary has changed his stance on bitcoin, saying the cryptoasset could reach a market capitalization of $20 trillion. O’Leary, who has earned the nickname ‘Mr. Wonderful,’ revealed in an interview with Stansberry Research that he has invested 3% of his net worth in cryptoassets. O’Leary claimed a $100,000 price for bitcoin no longer seemed […]
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Bitcoin price is still more than 10% away from the highs set last month, and bulls have been struggling to regain the powerful momentum they had on the way up. However, while price action is feigning signs of being exhausted, blockchain data shows that growth in actual Bitcoin adoption is still on a steady, parabolic incline and is nowhere close […]
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