Cryptocurrency

Shares of Coinbase closed up 9% on Monday as cryptocurrencies like bitcoin and ether began the week rallying. Bitcoin was trading at $22,269, up around 6%, according to Coinbase data. Ethereum also jumped unevenly 10%, trading at $1,478.Tech stocks have been performing very well since Monday morning, moving up more …

Bank of America on Monday reported mixed results for the second quarter of this year, as its profits fell as expenses related to regulatory issues rose, while revenue rose better than expected. The bank reported a 32% drop in earnings to $6.25 billion, or 73 cents a share, for the …

On Monday, July 18, Goldman Sachs reported earnings and revenue that beat analyst estimates, with fixed-income traders earning nearly $700 million more than expected. Second-quarter earnings fell 48 percent to $2.79 billion, or $7.73 per share, driven by lower industry-wide banking revenue. However, the results were more than a dollar …

Bitcoin breached the important $20,000 resistance level and surged past $20,600 on Friday. However, traders are still cautious because the US Fed is expected to boost interest rates by as much as 75-100 basis points in an effort to cool down the country’s spiking inflation, which would make riskier assets, …

The markets have recently witnessed a number of turbulence that affected the risk appetite of investors, by the negative data such as the recent inflation and unemployment data, in addition to the cautious anticipation of the upcoming Federal Reserve meeting with expectations of raising interest rates by 100 points, which …

Bitcoin was trading under $20,000 again after June’s ups and downs. Bitcoin’s move below $20,000 was not as critical as it was last month but developments in the crypto space are still certainly noteworthy as it repeatedly dipped below $20,000.Major crypto assets continued falling on Tuesday amid a choppy market. …

Bitcoin retreated below $21,000 on Monday after climbing to $22,000 last Friday. The cryptocurrency dropped 2.2% to $20,489, while Ether dipped 3.1% to $1,140 as of 4:00 pm ET Monday. Major cryptoassets’ slide came after the Bloomberg MLIV Pulse survey indicated that 60% of respondents thought bitcoin would head lower …

The European Central Bank (ECB) has released a report analyzing the growth of the cryptocurrency market over the past decade and the risks it poses to the existing financial system. A section of the report dedicated to stablecoins discussed its central role in the current ecosystem. For example, stablecoins are …

The US Bureau of Labour Statistics will release the May jobs report on Friday, July 8 at 12:30 GMT. Expectations are for a rise of between 268000 and 270000 (just under 300000) in Nonfarm Payrolls following the previous reading of 390000 increase in May (just under 400000). The Unemployment Rate …

Goldman Sachs reportedly opened first BTC futures and options position. Invalidation of the bearish downtrend is a break and close above $21,868.Bitcoin price shows technical reasons to believe in one more decline. Goldman Sachs’ entrance into the crypto market is a strong indication of a big move to come.Bitcoin price …