Bloomberg Massive Nasdaq Rally Springs From Deepest Hole in Three Decades (Bloomberg) — A day after the Nasdaq 100 fell more than 10% from a record into a technical correction, the tech-heavy benchmark made a resounding comeback.With roughly a quarter of the index’s members surging more than 5%, the Nasdaq 100 ended Tuesday up 4% for the best rally since November. ARK Innovation ETF, star manager Cathie Wood’s flagship fund that has suffered losses of at least 10% in each of the last two… Source link

A U.S. multinational semiconductor company could be preparing the ground to release its own series of cryptocurrency mining processors. AMD is reportedly looking to introduce a GPU for mining Ethereum. AMD Navi 12 Won’t Have Video Outputs According to PC Gamer, the AMD Navi 12, a graphic processing unit (GPU) first introduced exclusively for Apple Macbook Pro devices, could be the first crypto… Source link

Ark Invest’s Cathie Wood believes that cryptocurrencies could soon become a part of recommended portfolios for everyday investors. What Happened: In her most recent interview with CNBC, Wood even went on to say that the currently volatile cryptocurrencies could soon stabilize and behave as bonds do. “We think as it becomes a better accepted new asset class … We do think it will behave, actually, I would say more like the fixed income markets, believe it or not,” Wood said on CNBC’s… Source link

Bitcoin (BTC) trading around $54,368.84 as of 21:00 UTC (4 p.m. ET). Climbing 5.02% over the previous 24 hours. Bitcoin’s 24-hour range: $51,428.66-$54,813.03 (CoinDesk 20) BTC trades above its 10-hour and 50-hour averages on the hourly chart, a bullish signal for market technicians. Bitcoin trading on BitstampSource: TradingView Bitcoin headed for its fifth straight daily gain, the longest winning streak this year, as a pullback in U.S. government-bond yields rekindled demand for risky assets… Source link

Bitcoin rallied recently after falling below $50,000 yesterday. getty Bitcoin prices have rallied over the last few days, coming close to $55,000 and then retracing slightly, managing to keep most of their latest gains. The digital currency rose to $54,813.03 this morning, according to CoinDesk data. At this point, the cryptocurrency was up 11% from the intra-day low of $49,390 it hit yesterday, additional CoinDesk figures show. After climbing to… Source link

Topline As bitcoin pushes toward new highs, billionaire philanthropist Bill Gates is sounding an alarm on the cryptocurrency’s strikingly high carbon footprint–which is only bound to worsen as mainstream adoption of the world’s largest cryptocurrency soars as expected. Bill Gates delivers a speech at the Sixth World Fund Conference in Lyon, France, on October 10, … [+] 2019. NurPhoto via Getty Images Key Facts “Bitcoin uses more electricity… Source link

Benzinga EV Updates 3/9/2021 – A Future In The Making Just over a decade ago, Nissan Motor Co (OTC: NSANY) became the first automaker to offer a mass-produced car that ran on batteries alone. Nissan LEAF was a milestone for electric mobility and it was a hit, at least by electric car standards, with more than 500,000 sold by the end of last year. But as the trail that Nissan blazed got crowded. Still, the race toward an all-electric future, long led by Tesla Inc (NASDAQ: TSLA) has… Source link

Litecoin price ended a 15-day corrective phase with a new buy signal. Volume profile shows a lack of accumulation to start the rally. The first major resistance is the .618 Fibonacci retracement level. Litecoin price suffered a notable correction in late February, taking it down almost 38% from the peak at $247 over the course of 8 trading days. Current price action indicates that the corrective process is complete and more gains can be expected. Litecoin price… Source link

The Bitcoin and Litecoin prices have rebounded today as traders focus on the US futures market. The BTC price has jumped by 25% from last week’s low of $42,925 to today’s $54,000. On the other hand, the LTC price has jumped by 30% from last week’s low of $153 to today’s $200. Explaining the current crypto rally Last week, the Litecoin and Bitcoin prices tumbled for three main reasons. First, after more than doubling this year, many investors… Source link

Many of us have followed the dramatic rises and precipitous falls of bitcoin, and cryptocurrencies in general, over the past few years. Some may have written them off entirely after 80% declines in 2018, only to see them roar back into investors’ collective consciousness in 2020. Certainly sentiment has shifted over a short two years — more institutional investors are taking a hard look at crypto, and previous naysayers have softened their views. This all leads to one question: How much… Source link