Bitcoin (BTC) price action may be “unsustainably high,” as one metric hits its highest levels in seven months. Data from on-chain analytics firm Glassnode confirms that on Dec. 21, Bitcoin’s network value to transaction (NVT) signal reached levels not seen since April. Bitcoin activity may not support $17,000 BTC price Created by statistician Willy Woo,
The UK economy contracted by more than previously estimated in the third quarter and lagged further behind other advanced economies, as households struggled with high inflation. Data published by the Office for National Statistics on Thursday also suggested that consumers are not dipping into their savings as much as forecast, suggesting the UK’s recession could
Support and Resistance are the building blocks needed in order to read chart patterns properly and to trade effectively. Support: -A psychological level where people believe the demand is strong enough to hold the stock price up -This is similar to a price floor, but it isn’t government-controlled -A healthy support line hits multiple points
The California Department of Financial Protection and Innovation (DFPI) has ordered crypto lending platform MyConstant to cease offering a number of its crypto-related products over alleged state securities law violations. The DFPI stated in a press release on Dec. 21 that it has ordered MyConstant to “desist and refrain” from offering its peer-to-peer loan brokering service
Despite concerns over a bubble and regulation, biotech investing remains very hot for investors. It doesn’t hurt that even with the recent sell-off the space is easily outperforming broad indexes so far in 2015. But with added risks, it might be time for investors to consider an ETF approach to the space so that one
Successful trading is partially about managing yourself — ensuring that you keep your emotions in check and maintain the discipline to cut losing trades at the right time are commonly cited as key aspects of trading psychology. This video discusses a few simple ideas in this area that may help you to tighten up your
Mortgage interest rates dropped again last week, and while that did little to bolster demand from homebuyers, it did send homeowners looking for savings on their monthly payments. Applications to refinance a home loan jumped 6% last week from the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. Volume, however, was still
Sen. Pat Toomey, R-Pa., introduced legislation Wednesday that would eliminate more than half of the regional Federal Reserve banks and subject the remaining banks to additional federal rules and restrictions. The bill, titled the Federal Reserve Accountability Act, would reduce the number of regional Federal Reserve banks from 12 to five; require bank presidents to
Municipals were weaker in spots Wednesday as outflows from mutual funds intensified. U.S. Treasury yields fell, and equities ended higher. The three-year muni-UST ratio was at 62%, the five-year at 66%, the 10-year at 69% and the 30-year at 93%, according to Refinitiv MMD’s 3 p.m. read. ICE Data Services had the three at 63%,
Days after former President Donald Trumps NFT collection dominated the cryptosphere and captured the attention of social media, the enthusiasm around the project has waned, with its prices and trade volume having decreasedafter the weekend. According to data from CryptoSlam, trading volume for Trump's digital trading cards, created on the Ethereum ETH/USD scaling network Polygon
Americas LGBTQ community can breathe a small sigh of relief. President Joe Biden on Tuesday signed into law the Respect for Marriage Act, formally repealing prior federal legislation that sought to exclude the LGBTQ community and providing a fail-safe measure should the Supreme Courts right-wing majority do to marriage equality and interracial marriages what it
At least bandwidth won’t be an issue — With Apple bowing out, YouTube is close to scoring NFL Sunday Ticket Don’t expect a revolution in pricing for the $300-a-year sports package, though. Ron Amadeo – Dec 21, 2022 5:38 pm UTC Enlarge / SANTA CLARA, CALIFORNIA – DECEMBER 11: The San Francisco 49ers new star
Its been a bad month for many in the crypto world, including Gemini Exchange and its owners and founders, billionaire twin brothers Tyler Winklevoss and Cameron Winklevoss. On November 16, 2022, Gemini announced on its blog: Genesis Global Capital, LLC (Genesis) the lending partner of the (Gemini) Earn program has paused withdrawals and will not
Nelson Chu, founder and CEO of Percent, shared some insights about his company at Benzingas Fintech Deal Day. Percent has created a sound infrastructure software approach to alternative and private investing. For the past four years, they have primarily been concerned with underwriting as they geared up for a three-sided market option. Chu reports that
Ever hear of due diligence? — Elon Musk blames Twitter cost cuts on $3 billion negative cash flow Musk says he’ll resign once he finds someone “foolish enough to take the job.” Hannah Murphy, Financial Times – Dec 21, 2022 2:59 pm UTC EnlargeJonathan Newton/The Washington Post via Getty Images reader comments 183 with 0
Bob Pisani’s book “Shut Up & Keep Talking” CNBC (Below is an excerpt from Bob Pisani’s new book “Shut Up and Keep Talking: Lessons on Life and Investing from the Floor of the New York Stock Exchange.”) Most people like to think that they’re rational. But — at least when it comes to investing —
Sales of existing homes fell 7.7% in November compared with October, according to the National Association of Realtors. The seasonally adjusted annualized pace was 4.09 million units. That is weaker than the 4.17 million units housing analysts had predicted, and it was a much deeper fall than usual monthly declines. Sales were down 35.4% year
The Ministry of Culture and Sports of Spain has decided to direct 8 million euros ($8.5 million) toward the development of video games and narrative metaverse experiences. The program, part of the Spanish “Recovery, Transformation, and Resilience Plan” will give grants directed to incubate projects in these areas in 2023. Spain Directs 8 Million Euros
UK health secretary Steve Barclay on Wednesday doubled down on the government’s decision not to negotiate on pay with striking NHS staff, as he accused ambulance unions of jeopardising patient safety. The government is braced for severe disruption within the NHS across England and Wales, following the decision by about 10,000 ambulance workers represented by
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