Breaking news coverage from cryptocurrency world about key figures, exchanges, startups, investment, applications, regulation and more.
Amazon (AMZN) stock looks rather attractive for investors these days. The main reason for this is the tenacity that it has shown in the fight with the coronavirus effect on the market.
Bitcoin price is down 12.5%, S&P 500, Nasdaq indexes as well as companies like Berkhire Hathway has also lost significantly since the beginning of the year. Oil war adds fire to the financial crash party.
As the search for COVID-19 vaccines intensifies, there are at least 20 coronavirus vaccines in the pipeline. However, Gilead Sciences (GILD) and Moderna (MRNA), the stocks of the leaders in the race, tumbled as the week came to the end.
JPMorgan’s chief U.S. equity strategist thinks that the S&P 500 could return to record highs by early next year if the U.S. policy of efficiently containing the coronavirus outbreak works and the government rapidly moves forward with fiscal stimulus.
United Airlines (UAL) stock is said to have good chances to rise after the COVID-19 situation is over. Today it is fully in the green.
Italian bank Banca Sella is now offering its 1.2 million customers the ability to trade Bitcoin through their accounts, using a platform called Hype platform.
While Tesla (TSLA) stock has corrected 60% in just over a month’s time, its valuations look to be attractive. With strong fundamentals in place, the stock could be a potential buy for the long term.
Michael Walkley from Canaccord Genuity lowers his Apple (AAPL) stock price target from $345 to $300. Also, he is reiterating the buy rating. Per Walkley, people dive in calculations regarding how coronavirus will impact the mobile phone market.
The crypto market played out well on March 19-20 amid the market crash, with Bitcoin (BTC) surging by almost 15% to climb back above $6,500.
The S&P 500 closed Thursday nearly 27% below its February high, meaning it took just a matter of weeks for a bear market to roll around. Microsoft fell as well. This month, MSFT is lower by 24%. But yesterday, it started gaining again.
Ethereum 2.0 is scheduled to be launched this year. Vitalik Buterin has shared his opinion on all the changes that may come in the future.
Top-five tech companies (Amazon, Apple, Alphabet, Microsoft and Facebook) have corrected anywhere between 25-30% over the last month’s global market crash. These companies have entered an official bear market after leading the 11-year bull market after the 2008 financial crisis.
A cryptocurrency wallet is almost equivalent to a bank account, and just as it is important to be familiar with a bank of choice, it is just as important to be intentional in choosing a digital Bitcoin wallet.
Amazon’s business appears to be thriving these days. At the same time, hovering around $1,800 per share, Amazon (AMZN) stock is down about 17% from its recent high.
Moderna (MRNA) stock tanked by 10.48% on Thursday. The slide followed FDA Stephen Huhn’s statement that the COVID-19 vaccine is at least a year away.