Massive Gamestop Short Squeeze Highlights the Fragility of Today’s Financial System

The bigwigs trading stocks on Wall Street have been upset this week as billion-dollar hedge funds have been crippled by Redditors and memes. Not too long ago, the firm Gamestop’s shares were plummeting, and Wall Street veterans lined up a mountain of short bets against the company’s stock. However, members of the Reddit forum called … Read more

Christmas Eve Dump Sends Bitcoin to $3,800

Until just hours ago, Bitcoin and altcoin markets looked as promising as they have been in quite some time. After gaining over 30% from December 25 lows of US$3,200, Bitcoin is plunging downwards once again. As usual, the rest of the market has followed suit. After a series of short squeezes saw volume heavily increasing … Read more

Short Squeeze Catapults Price of Bitcoin Past $7,600

Just hours after short positions on Bitcoin eclipsed longs, and as BTC shorts volume reached an all-time high, Bitcoin saw an explosion, appreciating over US$900 in under an hour, a growth of 13%. Since the pump, global cryptocurrency markets have risen over 10%, to just under US$300 billion. Speculators overwhelmingly agree that the cause for … Read more