BackyardProduction / iStock.com Cryptocurrencies have skyrocketed in popularity recently and this trend shows no signs of slowing. Given all the talk around these digital assets, you might be wondering whether now is the time to invest. But before pulling the trigger, it’s always a good idea to have an understanding of the underlying asset. Cryptocurrency is no exception and it is quite different than investing in stocks or bonds. Read: Dogecoin’s Major Price Increase: Is It a Worthwhile… Source link

The S&P 500 index is hovering right around an all-time high and the Dow Jones Industrial Average is up 12% for the year. Impressive returns, especially considering 2020’s strong performance. Unlike last year, this rally is being led by dividend and value stocks that are benefiting from high consumer demand and a recovering economy. Many of the tech companies that starred in last year’s recovery are down 20% — and some are down more than 50% from… Source link

We may receive payment from affiliate links included within this content. Our affiliate partners do not influence our editorial opinions or analysis. To learn more, see our Advertiser Disclosure. Nothing fires the imagination like an anonymous hero with a secret identity. It’s been an enduring trope since the Scarlet Pimpernel rescued his first aristocrat from Madame la Guillotine. From Batman to the street artist Banksy, each hero has his own reason for donning the mask of… Source link

Everybody’s talking about Ethereum. Here’s why. Ethereum has already surged about 330% this year. On Jan. 1, Ethereum was worth about $735, and as of this writing, it is worth roughly $3,130, according to data from CoinMarketCap. It hit a high of over $4,300 on May 12 but has fallen in recent days. Indeed, we’ve seen cryptocurrency price drops across the board this week. This was driven by Tesla CEO Elon Musk’s announcement that Tesla would stop taking Bitcoin payments because of environmental… Source link

A huge drop and snap back in cryptocurrency prices this week rippled into traditional asset classes, potentially offering a taste of what could happen in the event of a more severe shake-up. Some government bonds gained in price on Wednesday, while futures on the US benchmark S&P 500 equities index dipped and oil also pulled back after the price of bitcoin plunged 30 per cent on signs that China was preparing a crackdown on digital tokens. The Japanese yen — a currency… Source link

This week, the world of cryptocurrencies experienced a severe collapse, losing about 35% of its total capitalization in one day . Although this took investors and markets by surprise, Vitalik Buterin , the billionaire creator of Ethereum , revealed that he already expected the bubble to burst. In an interview with CNN Business , the 27-year-old mogul said that cryptocurrencies are “in a bubble,” but it is difficult to predict when it will burst. “It could be over by now … It could be over… Source link

Ethereum Ethereum slid by 12.26% on Friday. Reversing an 11.55% rally from Thursday, Ethereum ended the day at $2,434.86. A mixed start to the day saw Ethereum rise to an early morning intraday high $2,950.00 before hitting reverse. Falling short of the first major resistance level at $3,131, Ethereum slid to a late intraday low $2,105.00. Ethereum fell through the 38.2% FIB of $2,740 and the first major support level at $2,287. Steering clear of sub-$2,000, Ethereum broke back through the first… Source link

Bitcoin has seen much better days.  Getty Images Bitcoin, Dogecoin, Ethereum and every Source link

The largest digital currency fell as much as 10 percent in late Friday trading, reaching as low as $35,636, with other tokens also posting double-digit losses. Bitcoin is heading into the weekend in freefall again after a fresh warning from Chinese officials over cracking down on cryptocurrencies. The largest digital currency fell as much as 10% in late Friday trading to as low as $35,636, and peer tokens also posted double-digit losses. The coin almost hit $30,000 earlier in the week, after… Source link

Following its big collapse during the crypto meltdown, should you “buy the dip” in Litecoin (CCC:LTC-USD)? Sure, like the rest of the altcoins, it has started to recover from its May 19 losses. As of this writing, it has moved up somewhat from lows and changes hands at around $173. Yet, still up so far this year, prices could have room to decline further as more new entrants get scared off by the volatility. Source: Wit Olszewski / Shutterstock.com That being said, once things… Source link