‘Magnificent seven’ stocks shed $2.6T in lead-up to busy earnings week
The world’s best-performing tech stocks have bled an average $125 billion market cap per day for the past 20 days while crypto market cap has risen 11%. Go to Source
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What crypto traders can learn from Charlie Munger — even if he hated BTC
Legendary investor Charlie Munger may have once called Bitcoin “rat poison squared” — but that doesn’t mean crypto traders should ignore his years of investing wisdom. Go to Source
‘Magnificent seven’ tech stocks tumble a whopping $280B as crypto surges
Google’s parent company Alphabet was the worst performer on the day, falling 9.5% in a massive $180 billion wipeout. Go to Source
Bitcoin underperforms stocks, gold for the first time since 2018
Bitcoin’s yearly losses are similar to high-profile stocks like Tesla and Meta, with BTC investors down 70% in 2022. Go to Source Powered by WPeMatico
Powell Says Fed’s Battle With Inflation Will Bring ‘Some Pain,’ After Insisting Last Year Elevated Inflation Is ‘Likely to Prove Temporary’
On Friday, Jerome Powell spoke at the annual Jackson Hole Economic Symposium and the Federal Reserve chair explained that the U.S. central bank is focused on fighting the country’s red-hot inflation. Powell stressed at the event that strict monetary policy is necessary, and his commentary hinted that the Fed won’t hit the brakes on monetary … Read more
Worst quarter in 11 years as Bitcoin price and activity plunges
Quarterly returns on Bitcoin haven’t been this bad since it was trading under $20 in the early days of Mt. Gox, but the stock market isn’t faring so hot either. Go to Source Powered by WPeMatico
3 reasons why Cardano can sink further despite ADA price bouncing 58%
A mix of fundamental and technical indicators suggests more pain for Cardano bulls ahead. Go to Source Powered by WPeMatico
More volatile than Bitcoin? Netflix shares plunge 25%
The streaming service’s stock price took a major hit after releasing disappointing user numbers, making some in the crypto community cry foul at the volatility. Go to Source Powered by WPeMatico
Terra price key support level breaks after 30% weekly drop — more pain for LUNA ahead?
Macro, technicals, and uncertainties concerning Terra’s LUNA-burning mechanism could push price further down in April. Go to Source Powered by WPeMatico
Ethereum eyes $3.5K as ETH price reclaims pandemic-era support with 40% rebound
Ethereum price is back above its 50-week exponential moving average, a credible support level from the 2020-2021 market boom. Go to Source Powered by WPeMatico
