US President Joe Biden launched an infrastructure packaged dubbed the American Jobs Plan at the end of last month, which includes investments to re-energize power infrastructure and enhance renewable energy. One clean energy ETF, Invesco Solar ETF (NYSEAMERICAN:TAN), looks to leverage opportunities in the sector. Invesco Solar ETF leveraging clean energy opportunities The fund plans
Bitcoin
Bitcoin has once again bounced back after a 10% plus correction. The bounce-back does not come as a surprise as the cryptocurrency has continued to send shockwaves in the mainstream industry. Likewise, it continues to elicit interest from mainstream entities looking to profit from the massive price swings that remain in play. CME Group Bitcoin
Bitcoin growing popularity and use shows no signs of slowing down. If there was any doubt that the flagship cryptocurrency will ever find its way into the mainstream sector, then Tesla Inc. (NASDAQ:TSLA) might as well have cast them out. A confirmation that the EV giant will start accepting Bitcoin payments for its cars affirms
Bitcoin acceptance by mainstream institutions continues to gather momentum as Morgan Stanley became the first banking institution to accept digital currency as an emerging asset class. The move by the financial institution positions it in a tight spot with other banking institutions expected to follow. Morgan Stanley to launch three crypto funds In a statement,
A week ago, Bitcoin bears and bulls were in a tug of war at a price level of $50,000, but now market players are aiming to retests a historic high. Bitcoin dipped as low as $53,500, but buyers re-entered the market and pushed it to $57,000, and there is a good chance that BTC could
On Thursday, Bitcoin maintained gains above $50,000 putting the digital currency on track following steep losses witnessed last week. The largest cryptocurrency is returning to the bullish momentum it has witnessed in recent weeks as mainstream interest continues to grow. Bitcoin on the path to recovery after last week’s losses BTC rose as much as
Cryptocurrency markets dropped value significantly at the start of the week, with billions of dollars shaved off the cryptocurrency economy’s capitalization. Despite this, cryptocurrency derivatives are surging, with interest in BTC futures commandeering almost $19.1 billion on Tuesday. Bitcoin price continues to show the volatility On Sunday, BTC hit an all-time high of $58,354 per
After hitting $50,000 at the beginning of the week, Bitcoin is holding around those levels. Its market capitalization is up to $923 billion. The largest cryptocurrency is on the path to hit the trillion-dollar crypto asset class. With the US dollar ending its winning streak on Thursday as quick economic recovery hopes dampen due to
Chinese asset manager CSOP Asset Management has launched the first exchange-traded fund in Hong Kong to track China’s Star Market. The Shanghai-based science and technology board has been drawing significant interest in the mainland since its establishment 18 months ago. CSOP Asset Management launches ETF to Track China’s Star Market The launch of CSOP Asset
Interest in bitcoin refuses to fade off even with the crypto appearing overvalued at record highs above the $40,000 mark. The meteoric rise has come at the back of increased investment interest worldwide. Indian cryptocurrency exchanges are the latest to register a four-fold increase in Bitcoin interest in recent weeks. Cryptocurrency exchanges and trading platforms
Tesla Inc. (NASDAQ: TSLA) is the latest mainstream power play to affirm Bitcoin is here to stay and could be the currency of the future. The tech giant has confirmed the purchase of $1.5 billion worth of the flagship cryptocurrency. According to regulatory filings, the EV giant says it bought the coin for more flexibility
Bitcoin’s growing popularity is taking the world by storm and having a ripple effect on various sectors. Its price rallying to record highs of $42,000 in recent weeks has been the center of attention. The rate at which Bitcoin’s user base is growing is also taking the world by storm, threatening to have a ripple
Bitcoin is trying to bounce back after a 30% plus correction from all-time highs. The flagship cryptocurrency has been in consolidation mode after plunging from record highs of $42,000 to two weeks of lows of around $30,000. The bounce back is being fuelled by capital inflows from traders who missed out on the initial rally
Bitcoin implosion from record highs of $41,000 continues to gather steam amid a surge in selling pressure. The flagship cryptocurrency is down by more than 12% from its all-time high, having struggled to bounce back after a steep pullback. Bitcoin Sell-Off For the first time in over a week, the cryptocurrency slipped below the $33,000
Cryptocurrency mainstream adoption is about to receive a boost, if recent developments at Goldman Sach’s is anything to go by. Immediate reports indicate that the investment giant is looking to invest in digital assets, a development likely to bolster sentiments in the burgeoning sector. Goldman Sachs Crypto Plans According to reports, the New York-based financial
The stock and cryptocurrency markets were on edge on Monday as a sell-off wave gripped both counters. The sell-off came amid growing tensions and uncertainty in Washington as house speaker Nancy Pelosi laid down an ultimatum for Vice President to invoke the 25th amendment. Pelosi has made it clear that the House will impeach President
Bitcoin’s meteoric rise to record highs of $39,000 has propelled the overall cryptocurrency market cap to over $1 trillion. The milestone came on Bitcoin rallying by more than 8% in line with the bullish momentum in the overall cryptocurrency sector. Cryptocurrency $1 Trillion Milestone Even as Bitcoin raced to record highs, other cryptocurrencies also registered
Digital currency markets are in for one of the best starts to a new year with Bitcoin leading the fray on gains. With a number of crypto assets seeing significant price gains, Bitcoin continues to register new milestones as the upward momentum continues to gather pace. Cryptocurrency Rally Bitcoin has already powered through the $33,000
Coinbase is the latest crypto player to find itself embroiled in a tricky lawsuit over the sale of unregulated securities. The U.S-based crypto exchange is to stand trial for allegedly receiving commissions on XRP coins’ sale on its platform. Coinbase Sued According to the lawsuit lodged by Thomas Sandoval, the crypto exchange went forth and
Bitcoin price has continued to surge this year and currently hovers around $23K. However, miners don’t seem to dump to take profits and they might be HODLing waiting for a push to the $24,200 level. Mt Gox dumping 150,000 BTCs held Interestingly not even the movement of 600 BTC for Mt. Gox to another wallet
Bitcoin’s meteoric rise in 2020 continues to arouse interest from various quarters. With the crypto at record highs and showing signs of edging higher, investors are increasingly jostling for positions. Anthony Scaramucci is the latest to affirm he is bullish about the flagship cryptocurrency long term prospects. Growing Bitcoin Investments The former Trump administration, Communication
How high can Bitcoin go? That’s the million-dollar question in the burgeoning cryptocurrency sector. The flagship cryptocurrency has taken the market by storm, in recent days, edging high and registering new all-time highs. Bitcoin Rally A breach past the $20,000, while expected, came on colossal volume, conversely propelling Bitcoin through the $22k level and finally
Cryptocurrencies and Blockchain’s popularity continues to edge higher by the day. The rapid growth stems from friendly regulation as well as an acknowledgment by world powers that the emerging spectacle has the potential to transform the broader financial sector among other sectors. While the focus for the longest time has been on Bitcoin, Ether also
Bitcoin’s upward momentum has lost steam. The flagship cryptocurrency has struggled to power through its all-time highs of $20,000, with bulls caught in intense consolidation in recent days. A sell-off to the $1800 support is no longer inevitable as miners have turned bearish opting to offload holdings. Bitcoin Consolidation A break below $19,000 appears to
Bitcoin is closing on the $20,000 psychological level, having turned bullish in recent months. The bullish momentum has gathered pace amid a surge in interest, especially from institutional investors. Increased mainstream adoption, especially in financing transactions, has helped propel the flagship cryptocurrency popularity to new heights. Growing Bitcoin Search Hits Bitcoin interest has been growing
Bitcoin remains supported for further price gains above the $17,200 level. According to popular Bitcoin trader Edward Morra, the level is a major buy wall that continues to attract buyers, most of whom believe the flagship cryptocurrency is on its way to record highs of $20,000. Bitcoin Price Analysis Bitcoin whales are reportedly using large
Binance has filed defamation charges against two Forbes writers over an article published, purporting to show how the exchange evades regulations. The complaint filed in a U.S District Court alleges the article ‘Leaked Tai Chi Document,’ contains lots of false, misleading, and defamatory statements. Forbes Sued Michael Del Castillo and Jason Brett are the writers
China is increasingly cracking down on cryptocurrencies. Immediate reports indicate that local authorities have been urged to crack down on all mining activities, a development that is curtailing Bitcoin mining. Colin Wu, a self-proclaimed Chinese cryptocurrency reporter, alleges that miners based in the Communist nation are finding it difficult to pay for their electricity. China
Bitcoin has exploded in recent weeks and showing no signs of slowing down. Over the past five weeks, the flagship cryptocurrency has rallied by more than 50% powering through the crucial $16,000 level. While Bitcoin price did plunge below the $16,000 level abruptly, traders quickly stepped in to defend the $16,000 level. Bitcoin Rally In
Joe Biden might not be good for the cryptocurrency sector. Those are sentiments shared by Ripple’s CEO, Brad Garlinghouse, who fears that increased focus on climate change, among other things by the new administration, could curtail growth in the sector. Ripple’s CEO Warning Renewed focus on climate change by the Biden’s administration could take a