Great trading yesterday in Day 1 in the $5K Challenge. Kyle’s account is up 10% and he will be looking to continue that trend today. Remember, the big holiday 70% off sale ends this Thursday at midnight. So now is the time to act! Biotechs pulled back yesterday, so Kyle will be watching for the next consolidation period to start … Read more
When Bitcoin plunged close to 40% back in the middle of December, Ripple took off, quadrupling in value in a matter of days to take second position among cryptocurrencies in terms of market capitalization. Meanwhile, other cryptocurrencies rallied in sympathy. Like Ethereum, Litecoin, NEM, Siacoin, and Bytecoin—to mention but a few. Then, as Ripple and … Read more
Most traditional investors have stayed away from Bitcoin citing its volatility. Yet, this has not stopped Direxion Asset Management LLC from planning to list “leveraged” and “inverse” funds that will rise or fall twice as fast as the Bitcoin price. Nevertheless, the big question is whether the US securities regulators will give the nod to … Read more
Investment guru James Altucher, heralded by some members of the mainstream press as the “face of the bitcoin bubble” for his outsize presence in internet ads, is raising money for a new cryptocurrency venture. As detailed in an SEC filing dated Thursday, Altucher is now co-founder of a Delaware company called Bitzumi, Inc., which intends … Read more
Ripple has achieved a historic milestone on January 3, becoming the first cryptocurrency after bitcoin to be valued at $100 billion. At press time, the total valuation of Ripple is $121 billion. Up by $19 Billion in 24 Hours Over the past 24 hours, the price of XRP, Ripple’s native token, has increased by more … Read more
Marijuana stocks skyrocketed on the first trading day after California legalized retail sales, unleashing the largest legal market in the country. Thanks to the new California marijuana laws allowing recreational use for people ages 21 and up as of Jan. 1, imbibers are bombarding dispensaries. Lines snake around the block as if Apple just released … Read more
First came ethereum, which threatened to unseat bitcoin as the dominant cryptocurrency in an event dubbed The Flippening. Then came bitcoin cash, which lay a glove on bitcoin core in The Cashening. Now, a revitalized ripple (XRP) is eyeing bitcoin’s top spot. Could the centralized cryptocurrency usurp bitcoin’s market cap, heralding The Rippening? Big Ripple … Read more
Stocks rose on Tuesday, Jan. 2, the first trading day of 2018, as stocks in the consumer discretionary and energy sectors posted solid gains. U.S. equities have risen for three of the past four trading sessions as companies count the benefits of U.S. tax cuts and take advantage of the dollar’s worst run slump 2003. The Dow Jones Industrial … Read more
President Ronald Reagan’s Former Director of the Office of Management David Stockman has told CNBC’s Futures Now in an interview that investors in the cryptocurrency market are “stupid speculators” and will suffer a “spectacular crash.” Stockman stated: “It’s basically a class of really stupid speculators who have convinced themselves that trees grow to the sky. … Read more
It used to be that if you wanted to attract interest in anexchange-traded fund, all you had to do was launch one. After all, as the ETF market exploded over the past decade, investor demand seemed to outpace supply. That’s no longer the case, which could mean a serious slowdown as the ETF landscape matures, … Read more