By CCN Markets: Despite the performance of Tesla’s stock this year, there’s no shortage of TSLA bulls. Even though the stock has lost around 25% of its market cap year-to-date, Alexander Haissl of Berenberg told CNBC he is looking for a price target of $ 500. The stock is currently hovering at $ 214. “We maintain our bullish view on Tesla and see no reason to walk away from our price target of $ 500. Demand worries are overblown, as the Q1 volume weakness was largely self-inflicted by logistic problems, uncertainty about store closures and changing pricing structure, and not indicative of the
Each Sunday, we breakdown the most important crypto market news from the past week for SludgeFeed Premium members, including key events and stories you might’ve missed from a variety of news outlets. Top Headlines This Week 🔥 Grayscale Gains Regulatory Approval to List Its Ethereum Trust (ETHE) Grayscale Investments, a digital asset management firm founded by […]
Bitcoin (BTC) has shown decent momentum to end the week, pushing its price back over $ 3,700 to around $ 3,750, before settling in around $ 3,725. While Bitcoin has been relatively quiet since the beginning of the year, a recent report suggests futures trading volatility has steadily been on the rise. “So, the New Year is underway and […]
By CCN.com: Horizon Investments Chief Global Strategist Greg Valliere has described congressional rookie Rep. Alexandria Ocasio-Cortez (D-NY) as a very real concern for the stock market because of her perceived willingness to put the financial industry’s nose to the grindstone as part of her political strategy. Horizon Investments: Watch Out for Ocasio-Cortez Speaking to Yahoo
The post Why Wall Street Should Fear the Rise of Alexandria Ocasio-Cortez appeared first on CCN
Tesla stock is seeing near 4% gains so far on the New York Stock Exchange (NYSE) as the US stock markets recover from two days in the red. Automotive companies are feeling the pinch of economic tightening and lowering demand for conventional, fuel-hungry, vehicles. The big car makers are ramping up their electric car developments,
The post Tesla’s Share Price Hikes as the Electric Vehicle Market and Automotive Stocks Rise appeared first on CCN
Last year the Bitcoin Cash (BCH) community welcomed a BCH-based social media network called Memo.cash. Since then Memo has gathered a lot of traction with hundreds of profiles and thousands of onchain updates and conversations posted to the BCH chain.
In the past 24 hours, the crypto market added $ 3 billion to its valuation as Bitcoin (BTC) and Ethereum (ETH) performed relatively well against the U.S. dollar. Several crypto assets in the likes of Litecoin, TRON, and Cardano recorded the largest gains on the day in the range of 6 to 12 percent. Bitcoin Has
The post Crypto Market Records Decent Gains But Bitcoin Has to Rise Above $ 4,500 appeared first on CCN
U.S. employers added more workers than expected in December according to the Nonfarm Payrolls report, capping off a strong year of job creation for the world’s largest economy. December Hiring: By the Numbers Nonfarm payrolls increased by 312,000 in December, the highest since February, the Labor Department reported Friday. The unemployment rate rose to 3.9%
The post U.S. Nonfarm Payrolls Rise 312,000 in December Vs. 184,000 Expected appeared first on CCN
The prices of gas surged Wednesday, with the RBOB gasoline rising by more than 5% to reach 1.3752 USD per gallon after opening the day’s trading around 1.2880. USD per gallon. On Thursday, however, the prices had fallen by 3.7% from yesterday’s high and is now hovering around 1.3288 USD per gallon. U.S. West Texas … Continued
The post Gasoline Prices Rise After Donald Trump’s Tweet Celebrating Low Gas Prices appeared first on CCN
In 2018 there was a rapid decline in initial coin offerings, a slowdown in blockchain business launches, and a bearish crypto market. During this period, companies with good liquidity have been scaling up and strengthening by acquiring startups.
Also Read: Global Cryptocurrency M&As Rise
M&A Deal Frenzy in 2018
In 2017 the number of cryptocurrency and blockchain companies that launched more than doubled compared to the year prior. The current bear market that has since come to characterize 2018 has proven the ideal time for institutional investors and venture capitalists to make a land grab and acquire innovative startups.
Since December 16, within one week, the Ethereum price surged from $ 83 to $ 138, by just over 66 percent. Throughout the past week, Ethereum (ETH) has seen a record-high number of shorts on major cryptocurrency trading platforms in the likes of BitMEX and Bitfinex. As the price of Ethereum surged amidst a strong corrective rally
The post What Triggered Ethereum to Rise 66% Within 1 Week? Factors and Trends appeared first on CCN
According to a study conducted by Deidre Campbell, Global Chair of Financial Services at Edelman, reported by the New York Post, crypto still remains as a preferable long-term investment amongst millennial investors. “Anyone that has crypto tells me they wish they bought it sooner,” said Campbell, whose study revealed that more than 25 percent of
The post Study: Demand For Crypto From Millennials Continuing to Rise Rapidly appeared first on CCN
Bitcoin (BTC) began a new cycle on its birthday. If you look at the BTC/USD 4H chart above, you can see for yourself how Bitcoin (BTC) completed its correction on 31st October, 2018 and began a new cycle. This is not the first time Bitcoin (BTC) has completed a correction in this manner. In 2014, Bitcoin (BTC) completed its correction cycle the same way, by first breaking above the triangle and then correction above it. We will analyze that in detail by comparing the two charts later in this analysis. Let us first understand the significance of two numbers, “10” and “2018”. Was it a coincidence that Bitcoin (BTC) just completed its correction on 31/10/2018? To answer that question, we will first have to see where the numbers “10” and “2018” actually came from.
Ethereum Classic (ETC) has recently shown signs of strength after an unprecedented shift in market sentiment and acceptance towards the coin. The cryptocurrency which was previously considered a dead coin or a scam is now being seen as a game changer. If it were not for these developments, Ethereum Classic (ETC) would most likely have broken market structure and would be lagging behind in the altcoin run this year, same as it did last year. However, the listing on Coinbase, success of ETC Summit and exciting upcoming events has convinced investors of its future potential. On the technical front, Ethereum Classic (ETC) is poised for an explosive breakout. The above chart for ETC/USD shows that the 10 Week EMA has now come very close to the 21 Week EMA. One strong move up might shift the sentiment in favor of the bulls for a very long time.
In today’s edition of The Daily, we look at how the current bear market is facilitating consolidation in the global cryptocurrency industry. We also focus on recent calls by an intergovernmental organization to tighten up rules on virtual assets throughout the world, as well as a story about a small U.S. town that has banned cryptocurrency mining for a period of one year.
The co-chief investment officer of one the cryptocurrency industry’s largest investment firms said that he expects the next bitcoin bull run to carry the cryptocurrency market cap 1,000 percent above its current valuation. Pantera Capital’s Joey Krug made this prediction during an interview with Bloomberg, forecasting that the next upswing could propel the cryptocurrency market
The post Next Bitcoin Bull Run Will See Crypto Market Rise ‘10x’: Pantera CIO appeared first on CCN
The sudden plunge in the price of Bitcoin has demonstrated that while it lacks correlation with the broader financial market, it is not inversely correlated with the global market. Bitcoin and major cryptocurrencies are considered as a robust store of value for investors to hedge against the broader financial market because of its lack of
The post Traders Expected Bitcoin to Rise as Stock Market Fell, What Went Wrong? appeared first on CCN
Bitcoin (BTC)’s breakout from this point forward is inevitable. The price has been consolidating in a bullish pennant since last month. No investor or analyst who draws bullish pennants like these on a chart presents a bearish case. In that case, they have to rely on a triangle that extends a little further. However, that triangle has an equal chance of breaking to the upside. The bullish pennants visible on the above chart only break to the upside, in normal market conditions.
It used to be that downtime was unheard of on blockchain networks. As new protocols and new trade-offs emerge, that’s no longer the case.
It does seem like investors have been losing interest in Bitcoin (BTC). The search volume for Bitcoin (BTC) and cryptocurrencies have been on a constant decline since the beginning of the correction. This has convinced many in the crypto community that investors have lost interest for now and that it will probably take a long time for money to return back to the market. All of this sounds reasonable when you consider how the average mainstream investor would react.