The recent price volatilities in cryptocurrency trading have seen in Bitcoin breaking below the key level of $60,000. According to ZERO Market’s MT4 platform, Bitcoin is currently trading near $54,200 on Thursday afternoon. Michael Purves from Capital Adviser is weighing in on crypto for virtually the first time based on the bearish signs from the technical analysis. Bitcoin’s...
Category: Daily Blog
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Bitcoin Pared 15% Losses, Tumbling the Most since February
The catalyst of Coinbase Global Inc. listing lase week drove crypto assets to records before turned on itself over the weekend. Crypto volatility was immense, spreads were widened during the weekend. Sunday to the dismal of cryptocurrency traders, Bitcoin had a sharp and rapid decline of 15% from $64,870 to near $57000 as Monday morning, triggering margin...
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Coinbase Debut Tumbles as Jitters Overshadow Investor Optimism
Coinbase had a volatile trading session on Thursday as investors struggle to place a value on the biggest US cryptocurrency exchange. Coinbase was the most actively traded company among companies with a market value above $25 billion. Thursday saw $40 million shares traded, with the share price initially spiked as much as 6.4% but closed...
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Factors Driving the Future Trend of Metals Trading Industry
The price volatility in metal prices has noticeably increased over the past two decades. According to the World Bank’s Metals and Minerals Price Index, as of Nov 2020, the index had increased by 17 percent year-to-date to near 90.28. This increase has been to a large extent supported by the strong industrial demand from China. ...
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Nomura Shares Plunged 13% After $2 Billion Archegos Debacle
Nomura Holdings Inc. has warned of a “significant” loss from an unnamed US client just days ahead of Kentaro Okuda’s one-year anniversary as Japan’s largest brokerage. The loss is tied to the huge disposal of leveraged secretive bets by Bill Hwang’s Archegos Capital Management, according to people familiar with the matter. The warning has resulted...
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Bill Hwang’s Billion Dollar Fortunes Are Wiped Out in Days
Hwang and his private investment firm, Archegos Capital Management, were revealed to be behind the large block trades last Friday. His secretive bets that were heavily leveraged have triggered margin calls and led to the liquidation of positions worth $40 billion. Part of Hwang’s portfolio was traded in blocks last Friday by Morgan Stanley, Wells Fargo...
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What is Discord? Why is Discord the New Spotlight?
The social media platform Discord is grabbing the spotlight in 2021 as the company is in talks with Microsoft for a sale value of $10 billion. Discord claims to have more than 140 million users on a monthly basis, which generated 100 million in revenue last year. According to Wall Street Journal, the valuation of...
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Where to Invest $10,000 Dollar Now?
According to Russ Koesterich (Portfolio Manager, BlackRock Global Allocation Fund) – Invest in New Leaders In Russ’ view, the road to economic recovery will inevitably see market gains, creating new opportunities for new leaders to emerge in a post-COVID world. He suggests looking for market segments that were lagging behind last year but will benefit from growth in...
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The End of Stimulus Saw Chinese Stocks Plunge 15%
The Chinese economy has been the earliest to recover since the pandemic. However, it has also brought the central bank and government to tighten its policy the soonest. The CSI 300 Index, which comprised of the top 300 listed stocks in the Shanghai Stock Exchange and Shenzhen Stock Exchange, has lost 15% since reaching a 13-year high...
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Morgan Stanley to Be the First Bank to Offer Bitcoin Funds to Wealth Clients
Despite the massive surge in cryptocurrencies, Wall Street Banks have stayed on the sideline. Until recently, Morgan Stanley is planning to offer wealthy clients who have at least $2 million under a New York-based firm access to three funds that provide bitcoin ownership. NYDIG and FS Investment run one of the funds, and the other...