Shares of aviation giant Boeing Co. surged on January 30, after the aerospace contractor reported that its earnings and profits for the fourth quarter of 2018 were significantly higher than expectations of Wall Street analysts. Amongst other things, this report provided a rather upbeat outlook for the 2019 financial year. According to the company’s reported earnings, net income grew to $ 3.42 billion, up from the $ 3.32 billion that was reported the previous year. Also, adjusted earnings per share rose from $ 5.07 to $ 5.48. The company’s revenues for the quarter stood at $ 28.34 billion as well, significantly beating the $ 1 billion
The majority of Bitcoin investors are holding out for something special, an expected climb beyond $ 20,000.00 and new heights reached in terms of Bitcoins value. Whilst nobody can ever guarantee that this will happen, many do believe that Bitcoin can and will hold its own once again at a value exceeding $ 20,000.00, marking a huge return for many investors and marking yet another exciting time in the crypto era. The big question is, how long will it take before Bitcoin see’s $ 20,000.00 again?
After the excitement of last week, which saw XRP up almost 100% at one stage, the markets are starting to settle down and normal service has resumed. What we saw last week was the result of a community based excitement, off the back of the announcement of a pending xRapid release from Ripple. With the markets now back to normal, a number of altcoins are standing out, Siacoin is one such cryptocurrency that looks to be making great progression today.
Whilst the markets continue to look bleak, we should find some solace in the fact that Bitcoin dominance is flying high and so is the Bitcoin hashrate. Okay, these aren’t signs that a bull run is about to take off, however, they are very positive signs nonetheless.
At the time of writing, Bitcoin is valued at $ 6,286.53, down 3.07%.
Bitcoin dominance currently sits at 56.4%, nearing the 59% – 65% dominance rate seen during December and January, when a Bitcoin surge up to $ 20,000.00 pulled up the value of the markets significantly.
IOTA is certainly a standout project today, after making significant gains through the weekend and the start of this week, IOTA continues to shoot up. This morning, the markets started with IOTA up another 15% from yesterday, hitting values exceeding $ 0.71. Now of course, we must point out that overall, IOTA is still way down on its progression from the last few months, however this current change of course could mark a new destination for the cryptocurrency.
Could you argue that August has been the month for Ethereum Classic? Probably so. In terms of investment value, Ethereum Classic hasn’t reached any stunning new heights, but, overall this month has outlined some very positive changes for Ethereum Classic, changes that going forward will have a very big impact on the value of the currency.
Before the coin dump of mid August that saw values crashing down, Ethereum Classic did peak over $ 20.00, proving that it does have the capacity to grow, sadly though the organic downtrend gripping the markets at the moment is stopping Ethereum Classic from progressing any further.