“Buy the rumor, sell the news” is a mantra every crypto enthusiast lives by, and with Bitcoin’s next bull run looming, the rumor mill is buzzing. Bitcoin is a trendsetter, and its market sentiments directly affect the altcoins and their price implications. With Bitcoin projected to rise to unprecedented heights, it is a chance for…
Apparently, concerned about the valuation differential in two parts of the market, foreign institutional investors (FIIs) have so far sold stocks worth Rs 28,671 crore through the exchanges but have been net buyers for Rs 12,367 crore through the primary market so far in August. As a result, the total net sell-off by FIIs in…
Indian Railway Finance Corporation Share Price 183.41 03:59 PM | 23 Aug 2024 1.97(1.09%) One97 Communications Share Price 554.85 03:59 PM | 23 Aug 2024 1.15(0.21%) YES Bank Share Price 24.39 04:03 PM | 23 Aug 2024 -0.19(-0.78%) ITC Share Price 505.8 03:59 PM | 23 Aug 2024 1.25(0.25%) HDFC Bank Share Price 1625.05 03:59…
The Federal Court of Australia has ruled that Bit Trade Pty Ltd., operating crypto exchange Kraken in Australia, failed to meet regulatory obligations for its margin trading product. The product was offered without a required market determination, breaching the Corporations Act. ASIC emphasized the need for compliance in the crypto industry, aiming to ensure consumer…
The economy has given investors plenty of reasons to stay away from consumer discretionary stocks lately, from inflation-choked consumers driving credit card delinquency rates higher to the postponement of interest rate cuts coming from the Federal Reserve (the Fed). However, a few worthy mentions in the space demonstrate strength through any cycle. By popularity and…
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When stocks accumulate a significant short interest, it typically creates the risk of a short squeeze. When investors sell a stock short, they have to borrow and sell it to profit from their bearish views. However, closing the position involves buying back the stock. Knowing this, investors can probably guess what happens when short sellers…
Stocks are closing higher to close the week. Federal Reserve chair Jerome Powell all but ensured that the Fed will cut interest rates in September. At the same time, the CBOE Volatility Index (i.e. the VIX) is up more than 6% this week, which suggests that investors are still concerned about the market’s direction. Those…
Enjoy this post? Share the love. The tech sector has recently experienced a significant downturn, with the NASDAQ index plummeting, but for astute traders, such market fluctuations can unveil hidden opportunities. This blog aims to provide a human touch to the analysis of the NASDAQ’s recent challenges and how traders can effectively navigate this landscape….
Chinese authorities revealed they extradited the suspect of a “mega economic crime” with the help of Thai law enforcement. The man is alleged to be the mastermind behind a $14 billion pyramid scheme involving cryptocurrencies, which makes his extradition the first related to economic crimes between the two countries. Crypto Scammer Extradited From Thailand On…