Walmart is now selling bitcoin for $1. But in a new spin on the volatile and ever-changing world of cryptocurrency, this digital currency is made of chocolate. Frankford bitcoins, are 1.42 ounces of milk chocolate wrapped in gold-colored foil made by Frankford Candy. They’re reminiscent of the regular old foil-wrapped milk chocolate coins of yesteryear. … Read more
Markets moved higher on Tuesday, leading CNBC’s Jim Cramer to question how worried investors really are about the U.S.-China trade war. “Have investors stopped fearing retaliation?” the “Mad Money” host wondered. “Do they think our governments will just make a deal so these tariffs never go into effect? What’s the logic here?” The market’s unexpected … Read more
The Great Crypto Crash of 2018 looks more and more like one for the record books. As virtual currencies plumbed new depths on Wednesday, the MVIS CryptoCompare Digital Assets 10 Index extended its collapse from a January high to 80 percent. The tumble has now surpassed the Nasdaq Composite Index’s 78 percent peak-to-trough decline after … Read more
Stocks started the day with losses after reports that China asked the World Trade Organization to impose sanctions on the U.S. But after the rough start, stocks bounced back. The major indices rallied late morning, then traded sideways into the close. Today’s rally was largely due to Apple and energy stocks. — TRENDING NOW— FREE … Read more
Check out the companies making headlines before the bell: Sonos — The wireless speaker maker’s stock dropped more than 12 percent after releasing its first quarterly earnings report as a public company. Sonos posted a loss of 45 cents a share on revenue of $208.4 million. In a statement, the company said its revenue fell … Read more
Relative Analysis and Trades can Offer Unique Signals and Sometimes Unique Trades When we make a call on a single asset, there are many different assumptions that go into establishing our measure of conviction. Some elements are critical factors in establishing our view and/or milestone for executing a trade. Others are ancillary factors either over-ridden … Read more
Bitcoin (BTC) had an historic day recently… though not in the way you might think. The volume of short selling increased by 50 percent within a four-hour period. This was a big deal for the bitcoin market. Short selling – or “shorting” – is when an investor borrows an asset in order to sell it. … Read more
Subsequent to recording the steepest daily drop in valuation in recent years, the crypto market has struggled to rebound in a convincing manner, pushing the dominance index of Bitcoin further up. Throughout the past 24 hours, the dominance index of Bitcoin achieved 55 percent, its highest point since December of last year. As tokens lost … Read more
Stocks finished mixed again. Thursday’s session began on a flat note. But technology shares soon began selling off, pulling the S&P 500 into negative territory. Tech giants like Facebook (FB), Apple (AAPL), and Alphabet (GOOG) lost between 1.3% and 2.8% and dragged the Nasdaq down. — TRENDING NOW— FREE STOCK TRADING WEBINAR Experienced Biotech stock investor, Kyle Dennis, … Read more
Markets Insider Bitcoin and other cryptocurrencies continue to lose value on Thursday. Bitcoin has dropped almost $1,000 in value over the last 24 hours. Ethereum has slumped 20% to its lowest level in over a year. The move downwards started on Wednesday, and was exacerbated by a Business Insider report that Goldman Sachs has shelved … Read more