In early September, analysts from the financial powerhouse Goldman Sachs projected that the price of gold would hit $2,700 per ounce by next year. Fast forward to a month later, and Goldman’s market strategists are now setting their sights even higher, forecasting gold to climb to $2,900 per ounce in 2025. Gold Set for Gains:…
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Bitcoin emerged as an investors’ favorite this past week, recording a price rise of 4.07% according to data from CoinMarketCap. During this price surge, the premier cryptocurrency traded as high as $66,000, a level last reached in late July. However, despite this price gain which extends Bitcoin’s “unusual” positive performance in September, certain market conditions…
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As bitcoin prices slipped under $60,000 in early September, the once-electric excitement around bitcoin seems to have dimmed, as reflected in Google Trends data. Back on Jan. 1, 2024, the search term “bitcoin” was coasting along with a score of 57 out of 100, but fast forward to now, and it’s plunged to 32. When…
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The U.S. Securities and Exchange Commission’s former head of internet enforcement, John Reed Stark, has raised concerns about Morgan Stanley’s 15,000 financial advisors promoting cryptocurrency investments, citing risks to retail investors and potential career consequences for advisors. He warned that the advisors could risk their Certified Financial Planner credentials if they fail to adhere to…
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The frenzy surrounding GME and AMC remains ongoing, with both stocks experiencing increases of 200% and 150%, respectively, over the past five days. In the midst of this excitement, CNBC’s Mad Money host Jim Cramer suggested that the companies would be foolish not to seize the opportunity to raise capital by issuing shares. Socialite Andrew…
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On Tuesday, shares of Gamestock and AMC Entertainment Holdings continued to soar, fueled by retail investors following the reappearance of Keith Gill’s online persona, ‘Roaring Kitty.’ This upward momentum also spilled over into the cryptocurrency market, with meme coins like roaring kitty (ROAR) jumping 175% and the wall street bets token rising 1,121% against the…
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A Deutsche Bank survey has revealed that over one-third of 2,000 respondents anticipate bitcoin’s price to drop below $20,000. Moreover, around 15% of those surveyed predict the cryptocurrency’s price to range between $40,000 and $75,000 by the end of the year. Respondents Expect Bitcoin to Fall Below $20K According to a Deutsche Bank research report…
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Majority state-owned lender Sberbank is preparing to allow Russian citizens to buy and sell digital assets. Private individuals will be provided access to its proprietary blockchain platform as early as this month, a top executive of the bank announced. Sberbank to Open Digital Assets Platform to Private Individuals Retail investors will be able to transact…
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After Coinbase was sued by the U.S. Securities and Exchange Commission (SEC), the Alabama Securities Commission (ASC) filed a show cause order against Coinbase and directed the company to show cause on why the firm should not cease and desist from selling unregistered securities in the state. Furthermore, the ASC order discloses that the enforcement…
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The price of silver fell 2.85% against the U.S. dollar last week. However, taking a broader perspective, the precious metal has made significant gains this year. Over the past six months, silver has risen more than 29% against the greenback, and as of April 22, 2023, it was hovering around $25.08 per ounce. Citi analysts…
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