Higher Stocks, Elon Musk, Twitter, Bitcoin, GE – 5 Things to Know

Here are five things you should know for Friday, May 13: 1. — Stock futures rose as Powell rate calms rate betting bulls U.S. stocks rose on Friday, potentially breaking a six-day streak of losses for the Dow as investors sought an ease on market volatility amid stabilizing cryptocurrency prices and detailed commentary on rate … Read more

Why Bitcoin Price Doesn’t Matter

“Bear markets are the best time to be alive and in the industry. It’s depressing for someone who doesn’t know what they’re doing, it’s amazing for someone with a long-term view.” – Simon Dixon The difference between Bitcoin and everything else is that the price of bitcoin doesn’t matter. In the long run, the price … Read more

China watches as war in Ukraine makes US, EU and Japan show unity

Chinese President Xi Jinping and Russian President Vladimir Putin attend a meeting during the BRICS (Brazil, Russia, India, China and South Africa) summit in Brasilia on Nov 14, 2019. Pavel Golovkin | afp | Getty Images BEIJING — Since taking office last year, President Joe Biden has pursued a strategy of restoring relationships with allies … Read more

Russia is now the most sanctioned nation in the world

(Bloomberg) — Russia has overtaken Iran and North Korea to become the world’s most sanctioned nation in just 10 days after President Vladimir Putin’s invasion of Ukraine. In a wave of action led by the US and European allies beginning February 22, Russia became the target of 2,778 new sanctions designations, bringing them to more … Read more

Crypto, Bitcoin Land Unexpected Support in Washington

Cryptocurrency doesn’t have many friends in President Joe Biden’s administration. Bitcoin, the world’s most traded cryptocurrency, has been classified as a volatile asset class across the liberal left. Bitcoin and other cryptocurrencies, which are also being seen as the future of money by some, including digital payments giant Block (SQ) – Get Class A report … Read more

How Bitcoin price is affected by the news

The price of any asset is always impacted by a combination of factors. Unlike traditional financial assets, bitcoin has historically had its own set of factors that affect its price. Do things look different now? Let’s find out. Basic factors: supply and demand The price of Bitcoin heavily depends on fluctuations in supply and demand, … Read more

Why Bitcoin is the only true stablecoin

Those familiar with the broader cryptocurrency market are aware of centrally managed stablecoins – cryptocurrencies pegged to a benchmark asset such as the US dollar. Examples of these are Tether (USDT) and USD currency (USDC) and there are others like Paxos and DAI, but the first two seem to be the most used. Speculators often … Read more