NVIDIA, a company well-known on Wall Street, has recently taken the lead as the largest company in terms of market capitalization. With a stock price increase of approximately 3.5% in just 24 hours, NVIDIA has shown significant growth throughout 2024. Starting the year at $49.24, the stock has surged by 175%, closing at $135.58 in
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In the midst of significant turbulence in the cryptocurrency market, investors have started gravitating towards Bitcoin as a safe haven amidst chaos. Recently, Bitcoin’s dominance has reached a nine-week high of 57%, showcasing a clear preference for the leading digital asset. Altcoins, on the other hand, have suffered from a massive sell-off, losing significant market
The aftermath of the FTX collapse has led to a new legal battle over millions of dollars in assets seized from Sam Bankman-Fried (SBF), the former CEO sentenced to 24 years in prison. Various parties are now vying for control of the assets seized from SBF and former FTX executives. These assets range from airplanes
As the cryptocurrency market gears up for the upcoming Federal Reserve rate decision on June 12, analysts are drawing parallels to previous market cycles. The situation in June 2019 saw altcoin and Bitcoin pairs capitulating just before a rate cut by the Federal Reserve. Fast forward to the current market scenario, and the chart patterns
Recently, the Pepe (PEPE) price has experienced a significant drop of 12% from its recent peak. Many traders are now considering whether this dip presents a buying opportunity. The price surge occurred after GameStop icon Roaring Kitty made a comeback, injecting momentum into meme stocks and coins. However, the price has since retreated to slightly
Recently, crypto analyst Crypto Jebb highlighted an inverse heads and shoulders pattern on the Bitcoin chart, suggesting a potential rally for the cryptocurrency. This bullish pattern could potentially push the price of Bitcoin to $100,000, according to Jebb’s analysis. He emphasized the significance of this pattern and its potential to lead to substantial price movements
In a recent report by Farside Investors, it was highlighted that on Monday, May 13, Hong Kong’s spot Bitcoin and Ethereum ETFs experienced a significant outflow of $39.3 million. This outflow marks the highest amount since the products were first introduced on the Hong Kong Stock Exchange on May 2. The outflow was mainly from
After gaining fame for his involvement in the GameStop short squeeze of 2021, Roaring Kitty, also known as the legendary leader of the Wall Street Bets campaign for GameStop (GME), has made a comeback. His return has not only reignited the excitement in the market but also caused a surge in GME’s stock price. Market
Robinhood, the popular millennial trading platform, released its earnings report on May 8 and managed to surpass analyst estimates. The first-quarter results showcased record revenues of $618 million, marking a significant 40% increase year-over-year. Notably, revenue from cryptocurrencies saw an impressive surge of 232% to $126 million. This surge was largely driven by transaction-based revenues
Robinhood Markets Inc. is the latest crypto trading platform in the crosshairs of the Securities and Exchange Commission (SEC). The SEC has informed Robinhood that it is considering filing a lawsuit alleging violations of Sections 15(a) and 17A of the Securities Exchange Act of 1934. Section 15(a) prohibits broker-dealers from effecting securities transactions without proper