Bitcoin’s (BTC) minor pullback from two-week highs could end up fueling a breakout above the key hurdle of $4,140. The world’s largest cryptocurrency by market value jumped to $4,090 at 17:15 UTC on Sunday – the highest level since Dec. 24 – validating the short-term bullish reversal confirmed on Dec. 20. Even so, the positive momentum
Month: January 2019
Patient investors might want to consider buying shares of Micron Technology as things slowly turn positive for the chipmaker, CNBC’s Jim Cramer said Monday as Micron’s stock pulled the semicondcutor cohort higher. Shares of Micron mounted a long-awaited recovery in Monday’s turbulent trading session after BMO Capital Markets analysts upgraded the stock to “buy” from
December’sstronger-than-expected jobs report shows the labor market remains solid, but does not alleviate fears that the economy is slowing down as the new year begins. The economy added 312,000 jobs in December, far more than the 177,000 that were expected and the largest increase in payrolls since February, 2018. The unemployment rate rose to 3.9
Today, we’re taking a closer look at EOS and Ethereum (ETH). The cryptocurrency market has corrected again after having strong gains the first few days of the new year. The total cryptocurrency market cap is sitting just below $130 billion. One year ago, the market cap was just over $750 billion. The market took a
Angus Champion de Crespigny is an advisor to blockchain projects and a former EY blockchain lead. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Amongst many others, the bitcoin community for the past few years has been working with two particularly important ideas related to the asset’s future. One is the narrative
At the Bauhaus, the art and architecture school founded by Walter Gropius, the simplified, low-slung forms of modernism took root. In Dessau, Germany, the site will be 100 years old in 2019.Getty It depends on whom you ask. Millennials or Generation Z members emphatically state their preferences for Atomic Ranches, kidney-shaped swimming pools, interiors a
Asking prices for homes are finally coming down as sellers face the new reality: interest rates are higher than they were a year ago, and potential buyers are now worried about the economy. It’s beginning to look more like a buyer’s market, according to a new report. Home prices, while still higher than a year
Bitcoin’s (BTC) bears would be put on the back foot if prices climb past key resistance lined up at $4,140. The leading cryptocurrency jumped to a two-week high of $4,090 earlier today, as expected, ending a weeklong period of low volume consolidation near $3,800. Notably, the break above $4,000 has added further credence to the
Blackstone is telling investors not to give up on 2019, and perhaps they’re starting to listen. Its investment strategist, Joseph Zidle, is optimistic stocks will rebound this year, blaming the market’s wild swings on misguided, negative sentiment. “This is a buying opportunity. We see the market, the S&P 500, up 15 percent in 2019,” he
Fed Chairman Jerome Powell changed his tone on Fed policy, walking back a comment he made in December that rattled markets and made him sound rigid about the Fed’s balance sheet. Following the Fed’s December meeting, Powell had said that the Fed’s balance sheet wind-down was on “autopilot.” That unnerved some investors who had been
Bitcoin price is currently down 2% on the day and selling for $3,792. Today’s action is reminiscent of previous days in the week where the coin has dropped a few percents but then gained a few more and vice versa. Bitcoin Price Disappointingly, the coin has failed to break back above the $4,000 mark that it
Two people use the cash point outside a Santander bank in Cardiff. Santander U.K. plc, a British bank, is a wholly owned by the Spanish Santander Group. (Photo credit: Getty).Getty In the wake of Santander being fined £32.8 million (c.$41.35 million) this December by Britain’s Financial Conduct Authority (FCA), over mishandling thousands of dead customers’
The warehouse sector is booming as online shopping, particularly during the holiday season, boosts the amount of items returned to retailers every year. Warehouses have experienced surging demand since 2012 as e-commerce continues to grow. Construction in the sector is thriving. Now, “reverse logistics,” a fancy term for dealing with e-commerce returns, is the No.
Tony Robbins, renown life and business strategist who has coached more than 50 million people, has dedicated himself to spreading personal finance literacy across America. And his mantra is timely: Don’t sit on the sidelines in fear or make rash decisions because of stock market volatility. As he points out: “The single biggest threat to
Trade talks between the U.S.and China will dominate the market’s focus in the week ahead, while investors are also watching to see whether other companies join the ranks of Apple and warn about an earnings miss. Fed Chairman Jerome Powell, who sent stocks sharply higher Friday, speaks again Thursday at an Economics Club of Washington
On Thursday, January 3rd, BitTorrent, Inc. said that it plans to launch a crypto token, called the BitTorrent token (BTT). While many have done something similar, CEO Justin Sun described the BTT token as having a competitive edge. BTT Token Coming Soon According to Sun, the BTT token is “the first in a series of
Regardless of bitcoin’s price volatility, 2018 saw an explosion of activity among African users. Revealed exclusively to CoinDesk, the peer-to-peer bitcoin exchange Paxful increased its transaction volume by 130 percent since January 2018 with an average of $21 million a week, compared to $8.5 million in 2017. The growth was driven in part by Paxful’s
Brooklyn price records before Matt Damon came to town include two townhouses that each sold for $15.5 million. (Photo by Evan Agostini/Invision/AP) photocredit: Evan Agostini/Invision/AP Eighteen months after going under contract for the penthouse in the Standish building, Matt Damon has closed the deal and become the newest title holder of most expensive sale in Brooklyn,
On Christmas Eve, Cory Binsfield, a landlord in Duluth, Minnesota, received bad news from a couple of his tenants: their rent will be late. Normally, Binsfield dings tenants who are more than five days behind with an 8 percent late fee and if he doesn’t see their payment for two weeks, the lawyers get called.
Bitcoin’s (BTC) recent pullback from highs above $4,200 could trap the bears on the wrong side of the market, the price-volume analysis indicates. The leading cryptocurrency by market value is currently trading near $3,848, having clocked a low of $3,642 on Dec. 28. At that level, BTC was down 14.7 percent from the Dec. 24
Federal Reserve Chair Jerome Powell just gave the stock market and the U.S. economy exactly what they needed to continue the steady growth they’ve seen in the last several years, CNBC’s Jim Cramer said Friday. In a group interview with former Fed leaders Ben Bernanke and Janet Yellen, Powell said Friday that he would be
Investors are hoping a strong December jobs report and dovish words from the Federal Reserve chairman will ease rising concerns about an economic slowdown. The December employment report, released at 8:30 a.m. ET Friday, is expected to show 177,000 non-farm payrolls were added, after 155,000 in November, and an unchanged unemployment rate of 3.7 percent,
A digital exchange opening next week allows investors to trade in major public companies using digital currency on Ethereum. DX.Exchange is a first of its kind in the cryptocurrency space. The exchange allows trades to occur even when the markets are closed. Stocks Held on the Ethereum Blockchain DX.Exchange will at first offer digital tokens
Sid Kalla, CFA and Bradley Miles are co-founders of Roll, an open standard for social money on the ethereum blockchain. The following is an exclusive contribution to CoinDesk’s 2018 Year in Review. Over long time periods, bitcoin’s returns have been uncorrelated to the stock, bond or commodity markets. Even though bitcoin has been highly volatile, adding
Home sales have stalled in Manhattan, with prices dipping to six figures. GETTY IMAGESGetty For the first time in three years, you technically don’t need a million bucks to afford an apartment in Manhattan. The Manhattan real estate market continued its decline at the end of 2018, with the median sale price falling below $1 million,
Mortgage interest rates fell to the lowest level in four months, but that did nothing to spark activity in the mortgage market. Total mortgage application volume dropped 9.8 percent at the end of last week from two weeks earlier, according to the Mortgage Bankers Association’s seasonally adjusted index. The results included an adjustment for the
Bitcoin (BTC) could test a key resistance line for the first time in nearly two months. The widely followed 50-day simple moving average (SMA) line is currently located at $3,940 – $100 above bitcoin’s current price of $3,840 – according to Bitstamp data. The crucial SMA line was last put to test on Nov. 8.
If not for the plunge in Apple’s stock on Thursday, Wall Street would’ve been laser-focused on the monumental tie-up between biotechnology giants Bristol-Myers Squibb and Celgene, CNBC’s Jim Cramer said. “If not for the Apple shortfall today — worst in 6 years, by the way — this Bristol-Myers-Celgene deal would’ve been all we talked about,”
Check out the companies making headlines after the bell: Apple shares fell 7 percent as the company lowered its first-quarter-revenue forecast on Wednesday. The company said it now expects $84 billion in revenue this quarter, down from its previous outlook for revenue between $89 billion and $93 billion. Analysts expected $91.5 billion in revenue, according
In the past few years, the public perception of blockchain has shifted from being an esoteric, little-understood technology to nothing short of a revolution that may define the future of the internet. We have been seeing massive venture capital being pumped into blockchain startups for a while now and blockchain based startups are now finding