Litecoin (LTC) might be 60% below its December 2017 all-time high at $420, but that hasn’t stopped its futures contracts open interest from reaching a record $584 million. This makes LTC the seventh-largest cryptocurrency by market capitalization and it ranks third in derivatives, behind Bitcoin (BTC) and Ether (ETH). Litecoin futures aggregate open interest. Source: Bybt.com As shown above, LTC futures aggregate open interest increased by 285% over the past three months. One should keep in… Source link

CNBC host Jim Cramer. Heidi Gutman/CNBC/NBCU Photo Bank/NBCUniversal via Getty Images Jim Cramer told CNBC on Tuesday that he believes it’s “almost irresponsible” for companies not to consider owning bitcoin. The “Mad Money” host said he personally owns bitcoin and advised investors to “own some cash, own some gold, own some bitcoin.” The bullish comments comes as bitcoin tested all-time highs of over $48,000 per coin Tuesday morning. Visit the Business section of Insider for… Source link

Illustrative image of a commemorative bitcoin in front of the Tesla car logo. Tesla, led by Elon … [+] Musk, confirmed that it purchased about $ 1.5 billion in bitcoin in January and expects to start accepting it as a payment in the future. On Monday, February 8, 2021, in Dublin, Ireland. (Photo by Artur Widak/NurPhoto via Getty Images) NurPhoto via Getty Images At the height of the 2017 crypto bull market, they say Katy Perry was painting her nails with… Source link

TipRanks 3 Monster Growth Stocks That Are Still Undervalued Let’s talk about growth. With corona receding, politics growing less exciting, and a new year ahead, investors are getting optimistic – and that means there’s a hunt for stocks that will bring in strong returns. In other words, growth stocks. In a recent interview, Jan Hatzius, chief economist at investment giant Goldman Sachs, said that he sees GDP growth in 2Q21 hitting as high as 10%. In an environment like that, most stocks… Source link

Bitcoin and cryptocurrency bulls cheered Tesla’s shock announcement yesterday that it has bought $1.5 billion worth of bitcoin. The revelation pushed the bitcoin price to over $48,000 per bitcoin, an all-time high, and chased away bitcoin bears who feared the price could be about to crash. Meanwhile, other cryptocurrencies also soared, with the wider crypto market topping $1.4 trillion—more than twice where it started the year. Now, with Tesla TSLA putting bitcoin on the map for… Source link

Cryptocurrencies play almost no role in the staid world of corporate treasury, where protecting a company’s financial liquidity and cash reserves are key. Their massive volatility has ruled them out. That did not stop Elon Musk, chief executive of Tesla, from putting $1.5bn of his company’s spare cash into bitcoin last month. The company’s shares edged up more than 1 per cent on news of the bet on Monday, while the price of bitcoin staged a strong rally. But to experts… Source link

Ethereum Ethereum rallied by 8.51% on Monday. Reversing a 3.84% slide Sunday, Ethereum ended the day at $1,752.98. It was a mixed start to the day. Ethereum fell to an early morning intraday low $1,565.98 before making a move. Steering clear of the first major support level at $1,507, Ethereum rallied to a late afternoon intraday high and a new swing hi $1,780.00. Ethereum broke through the first major resistance level at $1,709 to come within range of $1,800 before easing back. The pullback saw… Source link

Tesla bought Bitcoin. Will Apple be next? | Fortune … Source link

Dogecoin has been extremely volatile in the past week due to endorsements from Elon Musk and a massive pump orchestrated by the subreddit WallStreetBets which managed to successfully push the price of Gamestop stock, triggering a massive short squeeze. Litecoin Price Prediction: LTC faces one significant resistance before ultimate push to $200 Litecoin price had a significant 7% surge in the past several hours thanks to Bitcoin’s new all-time high at $45,000… Source link

Bloomberg EV Company With Almost No Revenue Posts 3,000% Gain in 8 Months (Bloomberg) — There is nothing about the finances of Blink Charging Co. that would suggest it’s one of the hottest stocks in America.It’s never posted an annual profit in its 11-year history; it warned last year it could go bankrupt; it’s losing market share, pulls in anemic revenue and has churned through management in recent years.And yet a hot stock it is. Investors have bid Blink’s share price up 3,000% over… Source link