Tag: S&P 500

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Solana’s weekend bounce risks turning into a bull trap — Can SOL price fall to $60 next?

More bearish cues for SOL comes from a bull flag setup that’s now breaking to the downside. A rebound move witnessed in the Solana (SOL) market this weekend exhausted midway as its price dropped below the $90 level from a high of $96 on Feb. 21. In doing so, SOL price technicals are now risking…
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What BTC price slump? Bitcoin outperforms stocks and gold for 3rd year in a row

But concerns remain that the cryptocurrency could fall harder than its traditional rivals in 2022 on the U.S. Federal Reserve’s increasingly hawkish tones. Bitcoin (BTC) may be down over 30% from its record high of $69,000, but it has emerged as one of the best-performing financial assets in 2021. BTC has bested the United States…
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MicroStrategy’s Bitcoin treasury exceeds cash held by 80% of S&P 500 non-financial companies

The Nasdaq-listed company recently announced it added another 5,050 Bitcoin to its coffers for about $242.9 million. The value of MicroStrategy’s massive Bitcoin (BTC) holdings has surpassed what most S&P 500 companies hold in their cash treasuries. The Nasdaq-listed enterprise software firm purchased an additional 5,050 Bitcoin for about $242.9 million, raising the value of its 114,042…
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