Understanding the Petrodollar and Its Huge Implications for the U.S. Economy
The term “petrodollar” refers to the practice of pricing and trading oil in U.S. dollars. This system began in the early 1970s when the U.S. made an agreement with Saudi…
‘Extreme Fear’ Grips Crypto Market as Bitcoin Fails to Recover $60,000 Level
Sentiment in the cryptocurrency space has plunged to its lowest level in more than a year after the price of the flagship cryptocurrency Bitcoin (BTC) failed more than once to…
Scott Wren on Finding Value in Industrials, Materials, Energy, and Healthcare
On July 11, Scott Wren joined CNBC’s “Closing Bell Overtime” to discuss the day’s U.S. stock market action. Scott Wren is a senior global market strategist at Wells Fargo Investment…
VanEck CEO Explains Why He Is So Bullish on Bitcoin and Gold
On July 11, Jan van Eck, CEO of VanEck Associates, appeared on CNBC’s “Closing Bell Overtime” to discuss the performance of small-cap stocks, recent movements in the crypto market, and…
Panic Mode? Analyst Points to ‘Imminent’ Stock Market Meltdown Over Recent BTC Market Signal
Bitcoin recent price slide could mean that the stock market’s benchmark index, the S&P 500, may be about to drop significantly as well, as the two assets often move in…
Germany’s Bitcoin Fire Sale Nears End After offloading Over $2 Billion in BTC
The German government’s Bitcoin sell-off may be about to end and its impact on the flagship cryptocurrency is close to being negligent, with its wallets recently sending an additional 3,250…
Ethereum ICO Project Golem Starts Staking Over $120 Million in ETH After Massive Sale
An Ethereum-based project that financed itself through an initial coin offering (ICO), Golem (GLM), has recently moved 40,000 ETH worth around $124 million to start staking the funds, effectively becoming…
Shiba Inu ($SHIB) Price Rally Signal? Whales are Accumulating as Exchange Holdings Decline
The meme-inspired cryptocurrency Shiba Inu ($SHIB) has showed early signs of a potential price upswing after decoupling from other altcoins, at a time in which large SHIB holders, colloquially known…
Prominent Analyst Explains Why He Has Updated His S&P 500 Target to 3750
According to a recent note from Peter Berezin, the U.S. stock market is expected to experience a significant downturn. Berezin is a financial analyst and strategist, serving as the Chief…
MicroStrategy Announces 10-for-1 Stock Split After Its Shares Double in Price in the Year-To-Date Period
MicroStrategy Incorporated, a software firm listed on Nasdaq and recognized as the largest corporate holder of Bitcoin, announced a significant 10-for-1 stock split on July 11. This strategic move is…