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Stocks and altcoin prices bounced as the sell-off in BTC took a pause, but analysts continue to warn that further downside could occur shortly. Go to Source Powered by WPeMatico
The global economy looks bleak as inflation continues to rise, and a wide array of financial investments continue to shudder in value. Since May 2, 2022, the crypto economy has dropped more than 15% from $1.83 trillion to today’s $1.54 trillion. The price of gold has lost 5% in 30 days, and major stock market … Read more
Charts suggest BTC price will dip below $30,000, and derivatives data shows options traders becoming increasingly worried. Go to Source Powered by WPeMatico
Clouds on the horizon grow nearer as markets prepare for more inflation cues this week. Go to Source Powered by WPeMatico
Following the Federal Reserve’s rate hike on Wednesday, economist Peter Schiff has had a lot to say since the U.S. central bank raised the benchmark rate by half a percentage point. Schiff further believes we are in a recession and says “it will be much worse than the Great Recession that followed the 2008 Financial … Read more
The S&P 500 and Nasdaq sees substantial losses on the day as Fed-induced gains evaporate. Go to Source Powered by WPeMatico
A report published on May 2 by the rating agency Weiss Ratings warns that crypto-backed mortgages “spell risk.” Weiss editor Jon D. Markman said backing a mortgage with crypto is an “interesting strategy,” but stressed that during these market conditions “investors should be skeptical.” Weiss Ratings Editor Doesn’t Believe Crypto and Mortgages Mix According to … Read more
It could still go either way for Bitcoin price action, but one analyst believes Bitcoin is already coming out on top versus equities. Go to Source Powered by WPeMatico
Bitcoin’s correlation with stocks has risen to alarming levels, according to some market analysts. Go to Source Powered by WPeMatico
Direct BTC purchases and Bitcoin mining stock investments are two “fundamentally different” investment strategies to suit different people and interests, Ben Gagnon says. Go to Source Powered by WPeMatico