Financial commentator and Bitcoin critic Peter Schiff recently provided insight into the world’s leading digital asset, Bitcoin. According to Schiff, the current plunge in Bitcoin price is not expected to crash below the current level, as Bitcoin ETF buyers are yet to show signs of panic. He assessed the trading activity of Bitcoin ETF whales
Bank of America has identified Nvidia as one of the companies poised for upside growth as the summer progresses. With solid fundamentals and a compelling valuation, Nvidia is well-positioned heading into the second half of the year. The firm’s research indicates that Nvidia’s GenAI hardware deployments are still in the early stages of a potential
As BTIG introduces its top stock picks for the second half of 2024, there is a sense of caution in the air. While the S & P 500 has seen a solid increase of 16.7% this year, the Russell 2000 small-cap index has remained relatively stagnant. BTIG’s chief market technician, Jonathan Krinsky, has raised concerns
In a surprising turn of events, several dormant Bitcoin wallets have recently been reactivated by their anonymous owners. Among them, a whale who had not used his cryptocurrency wallet for over a decade suddenly saw a massive increase in the value of Bitcoin held within it. This awakening has sparked curiosity and excitement within the
In a recent tweet, Michael Saylor, the co-founder of MicroStrategy, a business intelligence giant known for accumulating Bitcoin, expressed optimism regarding the stability of the leading cryptocurrency. With Bitcoin experiencing a 4.89% recovery over the last 24 hours, Saylor’s tweet highlighted a key message: “1 BTC = 1 BTC.” This statement comes in the wake
In recent years, we have seen the rise of meme coins in the cryptocurrency market. One of the most notable examples is Dogecoin, originally created as a joke but later gaining significant popularity and value. The success of Dogecoin has paved the way for other meme coins to emerge, each with its own unique twist.
As investors look ahead to the week’s key inflation readings, the possibility of a September interest rate cut is a topic of much discussion. The Federal Reserve’s indication of a potential quarter-point cut in 2024 conflicts with the market’s anticipation of two cuts, with the first one expected in September. The recent improvement in the
The semiconductor industry is currently facing a tight labor market, with intense competition for talent as funding from the CHIPS and Science Act continues to be distributed. This industry, which is deemed critical for the economy, is projected to face a shortage of around 67,000 technicians, computer scientists, and engineers by 2030. With the broader
The recent report from the Illinois state comptroller showcases a significant improvement in the end-of-year general revenue fund cash balance. This increase of 55% year-over-year indicates a positive shift in the state’s financial management. In the past, Illinois struggled with unpaid bill backlogs that reached over $10 billion, presenting a severe challenge for the state’s
The Washington Metropolitan Area Transit Authority (WMATA) is preparing to issue $625.4 million of second lien dedicated revenue bonds in a negotiated sale on July 8th. Analysts are expecting a favorable response from the market, particularly from local buyers in D.C., Maryland, and Virginia. The bonds have been rated as AA by both S&P Global