It seems like a lifetime ago that the Bitcoin price grazed the $20,000 mark in late 2017, and bulls have been pining for a new breakneck rally ever since. According to Fundstart Global Advisors co-founder Tom Lee, the catalyst for BTC’s march to a new all-time high could come from an unlikely place: the stock market. Continue reading Want Bitcoin to Moon? You’d Better Start Buying Stocks
The crypto platform Abra will give users in 155 countries the ability to purchase fractions of high-priced stocks such as Facebook, Amazon and Netflix as well as exchange-traded funds with XRP. Continue reading Abra CEO Says ‘Yes’ to XRP for US Stocks, As Ripple Partners With 11 New Universities
Nvidia lowers its revenue guidance for the fourth quarter of 2018 sending its shares tanking downwards by 14%. Other chip stocks followed suit. Analysts say Apple’s imminent earnings report means it could get much worse for chipmakers. Continue reading Major Chip Stocks Slide on Nvidia Earnings and Apple’s Not Going to Help
The movement between traditional stock markets and the cryptocurrency markets is similar in many ways. This has been observed upon analysis of the gains and losses recorded by both in 2017 through 2018. However, if they actually do share a common ground, it may be based solely on sentiment. Continue reading CORRELATION BETWEEN BITCOIN AND STOCKS TO DAMAGE CRYPTO INDUSTRY?