How long can crypto markets cling to the Merge narrative?

Bitcoin price seems to be taking continuous jabs at the $24,989 resistance level but to no avail. Ethereum price dips seem to be supporting buyers as the Merge continues to creep forward. Ripple price is still stuck, trying to flip the $0.381 hurdle so it can revisit the $0.439 resistance barrier. Bitcoin price reveals a … Read more

Skybridge’s Scaramucci on two things that will prop up bitcoin demand

Bitcoin fundamentals are “quite good” in the long term due to factors which will “create a demand shock” for the cryptocurrency, Skybridge Capital’s Anthony Scaramucci said Monday. “Everybody is a long-term investor until they have short term losses,” Scaramucci told CNBC on “Capital Connection.” Investors may be seeing some losses on bitcoin “but I think … Read more

Coinbase Stock Is Looking Like a Meme Stock. Watch Out, Shorts.

Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have added meme-stock volatility to the mix, taking cues from the likes of GameStop spirit AMC Entertainment . Consider the frenetic trading surrounding … Read more

Intel and 8 Other Chip Stocks That Look Like Bargains Now

Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling times for the chip industry. Demand for consumer-focused tech products is sagging, with sales weakening for PCs and peripherals, Android smartphones, and videogames. … Read more

Public Pension Systems Join Those Stung by Crypto Crash

Among the investors who bet on cryptocurrency over the past year are pension funds that manage public workers’ retirement savings. Now those funds are navigating the crash. A Quebec pension fund made a $150 million equity investment in Celsius Network LLC last fall. In July, the cryptocurrency lender filed for bankruptcy protection. A $5 billion … Read more

Crypto Evangelist Mark Cuban Is in Trouble

Mark Cuban should have expected it. Since crypto lender Voyager Digital filed for Chapter 11 bankruptcy, criticism of the billionaire and owner of the NBA Dallas Mavericks team has been raining down on social media. These critics accuse him of promoting the platform and therefore hold him responsible for the losses they say they suffered … Read more

Abrdn boss Stephen Bird plots digital assets push: ‘Expect to hear more from me on this’

Abrdn is on the cusp of making its first foray into digital assets — a segment of the non-traditional finance market that is fast becoming an attractive target for the global fund management sector. “You can expect more from me very shortly on this,” Abrdn CEO Stephen Bird told Financial News when asked about plans … Read more

Coinbase Is Looking Like a Meme Stock. Watch Out, Shorts.

Text size Coinbase is in a tug of war between crypto bulls and bears. Samyukta Lakshmi/Bloomberg Coinbase Global trades like a side bet on Bitcoin. Lately, though, shares of the crypto brokerage have added meme-stock volatility to the mix, taking cues from the likes of GameStop spirit AMC Entertainment . Consider the frenetic trading surrounding … Read more

9 Chip Stocks That Look Like Buys

Text size Nvidia now expects July quarter revenue to be $6.7 billion, up only 3% from the year-ago period. The company had previously forecast $8.1 billion in revenue. Dreamstime These are troubling times for the chip industry. Demand for consumer-focused tech products is sagging, with sales weakening for PCs and peripherals, Android smartphones, and videogames. … Read more

Opinion: Five reasons high-flyers in the stock market will crash down to earth

It’s never boring these days. Recall that there are times when the S&P 500 goes 100 days or more without making a 1% intraday move. But big moves are the norm nowadays — and they aren’t bullish. Neither is the fact that many of the worst of the low-quality stocks that are still down 80%-90% … Read more