This category covers crypto market news today, including crypto index trends, major exchange data, capital flows, sentiment shifts, regulation impact and crypto’s interaction with traditional finance. Designed to help you understand the forces driving valuation across tokens, sectors and regions.
Tesla’s Bitcoin purchase has provided Bitcoin the much-needed catalyst to break past all resistance and hit a new all-time high at $47,500. With over a 22% rally in the last 24-hours, BTC overtakes Tesla’s valuations.
Wall Street’s rally has resulted mostly from investors’ bet on a new fiscal relief package and a global vaccine roll-out that could lead to a faster economic recovery.
Once Tesla accepts Bitcoin as a form of payment, it is expected to increase the demand for BTC to new heights that affects the market price directly.
Reddit’s huge bet might have been viewed as too risky but the company’s popular logo that was visible at the bottom of the ad made all the difference.
Tencent has, however, vehemently denied the claims by ByteDance and said they are only meant to cause defamation.
Using the services of Bitcoin storage, in a few years, you can expect a significant increase in your investment.
Thanks to the deal with Renesas Electronics, Dialog Semiconductor will leverage the high cash liquidity to boost its diversification strategy.
It now remains unclear what company Apple will seek as its next partner on the Apple Car.
At press time, AstraZeneca stock is at $50 in the pre-market trading, which shows a 0.54% increase over its previous close of $49.73.
It is yet unclear which industries Elliott Management may be looking to pitch tents with but the hedge fund’s SPAC is bound to be one of the biggest.
The pandemic and global restrictions have taken a heavy toll on shares of Booking Holdings. In January alone, BKNG shares tanked by 12.7%. One-month change makes up negative 8.11%. Year-to-date, BKNG stock is 5.87% down.
SoftBank’s blank-check firm SPAC has been attracting some market players and investors by helping companies to go public. The SPACs are backed by SoftBank Investment Advisers that oversees the company’s Vision Fund.
Oscar Health prior to this IPO was valued at about $3.2 billion in a 2018 funding round.
Robinhood had earlier put buy limitations on approximately 13 equities including GameStop, Koss, Express, Nokia, Blackberry and others.
According to a recent poll carried out by IBD/TIPP, more Americans are now willing to get vaccinated immediately when it becomes available to them.