Tag: Bitcoin (BITSTAMPUSD)

Here's Why Cryptocurrency Is So Important!

Posted on by Wayne Burritt

You can’t escape the attention that cryptocurrency is getting. And just about everyone knows that it’s super-important today and in the future.

But they don’t exactly know why it’s so important.

In this first article of a multi-part series, we’ll tackle this important question and much more.

We’ll ask ourselves:

    • What is blockchain?
    • What is cryptocurrency?
    • What do they mean to me and my investments?

In addition, we’ll discover why blockchain and cryptocurrencies will reshape our lives and fundamentally change the way we interact with technology, money, and each other. We’ll dig deep into these exciting and fascinating new technologies and discover insights and opportunities we never dreamed imaginable.

And we’ll do it one step at a time using jargon-free, non-technical terms to make sure we understand the what as much as we do the why. I know these topics can be intimidating. But we’ll be in this together, every step of the way.

But before we get started an introduction... Continue reading "Here's Why Cryptocurrency Is So Important!" →

Bitcoin, Dollar, Gold And Silver Update

Posted on by Aibek Burabayev

As Bitcoin matures, the chart structure becomes more readable over time. We can see how such a conventional indicator as a moving average perfectly supports the price. I added a 55-day (Fibonacci number) moving average (green), which at least three times this year kept the price in the bullish mode that started last October when the price crossed this line to the upside.

Another popular indicator RSI has perfectly detected the Bearish Divergence and pushed the price down last month. After that, it moved back above the crucial 50 level, which supported the current upward move.

Daily Bitcoin Chart

I see possible AB/CD segments in the chart (blue labels). The BC consolidation was huge and complicated, but it could be over now. If the CD segment travels the same distance as the AB part, then the price of Bitcoin could hit the new all-time high of $80,000. The projection of the black trendline resistance confirms that ambitious target, and we know how powerful the trends are. Continue reading "Bitcoin, Dollar, Gold And Silver Update" →

S&P 500 Hits Record Close

Posted on by The INO.com Team

The S&P 500 crossed $4,000 for the first time in its history on Thursday, rising +1.2% to a fresh record close of 4,019.87 as Wall Street built on a solid March following the rollout of President Joe Biden's infrastructure plan. The DOW climbed 171.66 points or +0.5%, to 33,153.21, and the NASDAQ jumped +1.8% to 13,480.11.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.1% and +.24%, respectively. The NASDAQ fell +2.60% on the week. However, the market rally has slowed down in recent weeks as rising interest rates, and valuation concerns hit tech names. Continue reading "S&P 500 Hits Record Close" →

Stocks Finish Volatile Week On High Note

Posted on by The INO.com Team

Stocks soared on Friday, finishing the volatile week on a high note, having their best day in more than two weeks.

The DOW closed 453.40 points higher or +1.4%, to 33,072.88. The S&P 500 rose +1.7% to 3,974.54, hitting a record closing high, and the NASDAQ erased a -0.8% loss to end the session +1.2% higher to 13,138.72. All three indexes rallied to their session highs into the close.

On a weekly level, the DOW and the S&P 500 posted gains for the week, up +1.4% and +1.6%, respectively. The NASDAQ fell -0.6% on the week. However, the market rally has slowed down in recent weeks as rising interest rates and valuation concerns hit big tech stocks. Continue reading "Stocks Finish Volatile Week On High Note" →

Tech Selloff Continues To Pressure Market

Posted on by The INO.com Team

The DOW slid 234.33 points or -0.7%, to 32,627.97 on Friday, pressured by Visa and JPMorgan. The S&P 500 dipped -0.1% to 3,913.10, closing off its lowest level of the day when it fell 0.7%. The NASDAQ gained +0.8% to 13,215.24 as investors bought the dip in tech shares which had been putting pressure on the market after continuing to selloff earlier in the week. Facebook gained +4%, while Amazon and Netflix rose about +1.5% each.

On a weekly level, The DOW and the S&P 500 lost -0.5% and -0.8%, respectively, this week, breaking their two-week win streak. The NASDAQ also declined -0.8% for the week, posting its fourth negative week in the last five. Continue reading "Tech Selloff Continues To Pressure Market" →