Plus, Snap Inc. disappoints with its guidance as Apple lets users opt out of being tracked by individual apps.
Outside of the ETF launch which could generate flow into the crypto space, it is important to ask what the real theme is for Bitcoin.
Miners like Marathon Digital, Hut 8 Mining, and Cipher Mining are running hot.
Pockets of momentum are narrow Tuesday as rotation continues.
Products ancillary to ownership of the coin itself can come saddled with significant shortcomings.
Growth Stocks led the market on Monday, but breadth was negative as small-caps lagged.
Bears always sound smarter than bulls. Pessimism sounds profound and insightful, while optimism sounds shallow and naive.
Even though some stocks have quickly become extended, there is likely to be much better support on pullbacks.
Plus, an FDA advisory panel gives a unanimous boost to a Moderna booster shot and Boeing slumps on a negative news report.
Some technicians believe the market is back in a confirmed uptrend, and underinvested bulls are trying to put more cash to work
The real issue is that they don't know and are just hoping that "inflation is transitory".
Let's look at the moves in this bitcoin miner, Hut 8 Mining.
Why bitcoin is down? We should look at the economy, the Fed, China, risk management and how they are all connected.
Even bitcoin's biggest bulls realize environmental concerns could curtail adoption. But is there an answer?
Here is my trading game plan for the cryptocurrency miner.
Let's review the charts and indicators.
Should these assets stop trying to be seen as currencies, and trade more like commodities, I'll become more involved.
The main theme I see now is de-SPACs.
A look at COIN's charts as bitcoin becomes legal tender in El Salvador.
If Bitcoin and Ethereum stay hot, it should bode well for crypto miner SOS.
I believe the U.S is heading for a fall, and that will obviously impact the financial markets. Here's how I would get positioned.
As the market plays ping pong between views on reflation vs. deflation and moves with U.S. bond yields, both gold and Bitcoin are part of the larger macro trade.
The stock of the cryptocurrency exchange could be vulnerable due to an unclear outlook and possible industry regulation ahead.
Bit by bit, leading growth experts highlight a trio of companies involved in the cryptocurrency market.
The Delta virus has more power to control both fiscal and monetary policy than does the data or do any of our leaders individually.
If anything, China's delinking and recentralizing deserves far more attention.
I don't want to own the stock outright nor would I want to be long anything under $220.
Why we ever allowed Chinese businesses to raise capital, our capital, on our shores, is beyond me.
Traders and investors are trying to adjust and stay ahead of the curve.
Stock picking matters and winning stocks are right under your noses every day.