Tag: Bitcoin (BITSTAMPUSD)

Fear Of Russian Invasion Sinks Stocks

Posted on by The INO.com Team

Increasing tensions between Ukraine and Russia sent crude oil to new highs, with it gaining roughly +5% on the day and trading above $93 a barrel. This news led investors to dump stocks and head for safe havens like gold, which spiked over +2% today.

The DOW tumbled 504 points or -1.43% to close at 34,738.06. The S&P 500 dropped -1.90% to finish at 4,418.64, and the NASDAQ fell -2.78% to end the day at 13,791.15. And for the week, the DOW lost -1.00%, the S%p 500 lost -1.82%, and the NASDAQ led the way lower, losing -2.18%.

Key Levels To Watch Next Week:

Continue reading "Fear Of Russian Invasion Sinks Stocks" →

Behind Goldman's Huge Bitcoin Prediction

Posted on by Wayne Burritt

I don't have to tell you that financial powerhouses are quickly realizing that Bitcoin (BTC) and blockchain technology are revolutionizing the way we do just about everything, from conducting business to making financial transactions.

In fact, we took a deep dive into Bank of America's bombshell crypto report that pointed out in no uncertain terms that crypto is simply "too large to ignore." The report also made clear the transformative power of blockchain, where use cases are seemingly endless.

We also broke down the details behind Deloitte's Blockchain Survey, where blockchain made compelling business cases across the board. The report also made it apparent that if businesses don't get into the blockchain game, they did so at their own peril.

So, I wasn't exactly surprised when I found out that financial powerhouse Goldman Sachs was making some bold predictions about where Bitcoin prices are headed. But when I did a deep dive into the numbers, I found their predictions could even be on the low side. Continue reading "Behind Goldman's Huge Bitcoin Prediction" →

Stocks Post Best Week Of The Year

Posted on by The INO.com Team

The S&P 500 and NASDAQ jumped Friday to finish their best week of the year, as continued strength in earnings reports extended the tech-led rebound from the January rout.

On a weekly level, the S&P 500 finished +1.5% higher. The NASDAQ rose +2.4%, and the DOW wrapped up the week up +1.1%. This marks the second winning week of the year.

On a daily level, The S&P 500 rose +0.52% to 4,500.53, while the NASDAQ climbed +1.58% to 14,098.01. The DOW inched lower by 21.42 points or -0.06%, to end the day at 35,089.74. Continue reading "Stocks Post Best Week Of The Year" →

Bitcoin: Digital Gold, Inflation Hedge Or Stock Market Gauge?

Posted on by Aibek Burabayev

Bitcoin celebrated its 13th-anniversary last month. Which place in the financial universe does this "teenager" take over the time? Naturally, the judgment on this constantly changes with the growing acknowledgment of Bitcoin. It started as a revolutionary experiment, and nowadays, it is considered a financial asset with a growing acceptance from investors reflected in the market cap of over $700 billion.

Earlier, Bitcoin was called a "digital gold," which came to replace the ancient store of value. However, it better suits the lifestyle of the modern generation, as it is easier to handle and store compared to gold; moreover, it is digitally trendy.

After that, some analysts considered it as an inflation hedge as the emission of Bitcoin is limited with twenty-one million coins while fiat is not. The ninety percent of maximum supply has already been mined.

Recently, it's been acknowledged as the gauge of the stock market as they collapsed simultaneously.

Let's check on the daily chart below to determine which nickname suits Bitcoin best. Continue reading "Bitcoin: Digital Gold, Inflation Hedge Or Stock Market Gauge?" →

Stocks End Week On A High Note

Posted on by The INO.com Team

This week was like being on a roller coaster at Disneyworld. It had more up and downs due to volatility, the Fed, and earnings. But, there were certainly some daily moves that gave traders an adrenaline rush.

The DOW rose 564.69 points or +1.65% to close at 34,725.47, marking its best day of 2022. The S&P 500 added +2.43% to 4,431.85, and the NASDAQ rallied +3.13% to end the day at 13,770.57.

On a weekly level, the Dow finished the week +1.3% higher, and the S&P 500 added +0.8% on the week, breaking a three-week losing streak. However, on the strength of the Friday rally, the NASDAQ finished the week unchanged. Continue reading "Stocks End Week On A High Note" →