Many Bitcoin enthusiasts, like the President of El Salvador Nayib Bukele, are very positive about BTC price this year.
Zynga (ZNGA) stock rallies a solid 40% after an eye-popping deal of its acquisition from Take-Two. Analysts have already started giving 50% higher price targets from the current levels.
AP plans to make “Pulitzer Drops” scarce to preserve its status by creating a virtual buyer queue and will drop every two weeks.
As the Fed interest rates start to surge, banking stocks have already started the party on Wall Street. However, despite strong growth projections, Dimon expects some volatility ahead this year on Wall Street.
According to Bancel, Moderna is working “with public health leaders around the world” to produce a booster to tackle the Omicron variant.
The broad equity market has a negative reaction to the possibility of an increase in interest rates. US stock futures are reducing across major indexes.
When 2022 began, stocks had a rough start with increased bond yields. Bond yields rose on high expectations for Fed interest rate hikes coupled with the alarming spread of the Omicron variant.
Although Bitcoin has bounced back on Sunday, everything is not very bullish yet. The CPI data coming ahead on Wednesday will ve a key factor in determining the next Bitcoin move.
As Bitcoin continues with its dovish performance, it could be bottoming out around $40K levels. Despite this laggard performance, some market analysts remain hopeful that Bitcoin could reach $100K levels soon.
Some market commentators think the US Fed is to be blamed for the worst tech stock kick-off since the 2008 financial crisis.
The analysts highlighted that $45K is a critical support level that needs to be obeyed for the upside target to fruition.
Ray Dalio’s comments for Bitcoin came citing the recent inflationary environment wherein the billionaire believes that holding onto cash won’t be the right thing to do.
According to the bank, the public holds approximately $2.6 trillion of gold that is very likely to be consumed by Bitcoin in the next few years.
There are other industries billed to benefit from macroeconomic events slated to be introduced this year beyond just the banking stocks as highlighted.
According to the company, the raised funds will be used for hiring, product development, startup development as well as improving customer support and safety.