Despite Bitcoin’s price performance being compared to traditional stocks, particularly those in the tech sector, new price data over the last month shows a divergence.  According to a report by Forkast, Bitcoin’s 30-day performance has shown a divergence from mirroring traditional stocks. The report comes in response to an article by Forbes, suggesting that Bitcoin is “just another tech stock.” […]

The chief executive officer for cryptocurrency exchange Kraken says that he is “still bullish” on the price of Bitcoin and that global economic factors will begin to work in BTC’s favor.  Speaking in a recent interview with Bloomberg Technology, Kraken CEO Jesse Powell said that he still held a positive outlook for Bitcoin’s price despite the crypto asset failing to […]

Shares of Roku, Inc. (ROKU) are down more than 21% on Friday morning after the company’s fourth-quarter revenue missed analysts’ view. The company provided first-quarter revenue outlook, below consensus estimates. Roku said it expects supply chain issues to continue to impact its active account growth. “On the monetization side, delayed ad spend in verticals most impacted by supply/demand imbalances may […]

Matthew Hyland, an on-chain analyst who also does technical cryptocurrency analysis, has recently tweeted out he “might have found the first ever” Bitcoin ($BTC) bear, sharing a screenshot from the Bitcointalk forums where a user claims BTC isn’t “going ot make it beyond $3.” The screenshot shows a message dating back to October 2011, when bitcoin was trading for next […]

Tesla/SpaceX CEO Elon Musk has taken a thinly-veiled shot at Charlie Munger, Vice Chairman of investment giant Berkshire Hathaway and longtime partner of fellow crypto skeptic Warren Buffett following his controversial comments about the premier cryptocurrency. Crypto Is Like A ‘Venereal Disease’: Charlie Munger Despite Berkshire Hathaway splurging $1 billion into crypto-friendly Nubank after dumping a portion of its Visa […]

Thomas Lee, Co-Founder, Managing Partner and the Head of Research at independent research boutique Fundstrat Global Advisors, has suggested that as investors move away from bonds they may rotate to the cryptocurrency sector, which would help BTC’s price explode to $200,000. During an interview with CNBC, Lee noted that interest rates are seemingly “set to reverse almost 30 years of declines” and […]

Despite a series of dramatic sell-offs, data by on-chain data analysis firm Santiment now shows that Bitcoin’s supply on exchanges has hit a multi-year low, dropping to just 10.87% compared to 13.9% about six months ago. The last time something like this happened was in December 2018, a scenario that preceded a sustained bull run, seeing the cryptocurrency gain over […]

Shares of carbon negative materials company Origin Materials, Inc. (ORGN) are rising more than 7% Wednesday morning. The company today said it plans to develop a new facility to produce carbon-negative materials in Geismar, Louisiana. The plant will utilize sustainable wood residue to produce polyethylene terephthalate (PET), which is used in packaging, textiles, apparel, and other applications, as well as […]

Shares of automotive retailer, Sonic Automotive, Inc. (SAH) are climbing more than 5% in pre-market on Wednesday after reporting better-than-expected fourth-quarter results. Net income in the fourth quarter increased to $96.3 million, or $2.25 per share from $57.5 million, or $1.31 per share, in last year’s fourth quarter. Excluding items, earnings were $113.7 million or $2.66 per share, that beat […]