By 2024, the stock market has seen a parade of stock splits, spurred by the high-flying (and highly speculative) artificial intelligence (AI) sector and the fading threat of inflation, rendering expensive stocks more affordable to buy if they divide the stocks into more affordable pieces. The computer chip manufacturer Nvidia split its stock 10-for-1, and […]

On Friday, Bitcoin’s price fell as low as $57,030.3, representing a 1.3 per cent decline over the preceding 24 hours, and marking the fifth straight week of losses. A looming fear of a sell-off, following the distribution of tokens by the now-insolvent Mt Gox exchange and pressures on large Bitcoin miners who might need to

With the crypto market’s recent uptick, millions of dollars in bitcoin have been going into the market through the purchase of Bitcoin ETFs. On 11 July, nine Bitcoin ETFs upped their holdings by 1,661 BTC, or nearly $95.82 million. This included an inflow of 1,006 BTC into Fidelity’s assets which now stands at a total

Macro numbers have provided mixed clues about US conditions. While the Producer Price Index (PPI) ended March with a surprising uptick showing underlying inflationary pressures remained stubbornly high, inflation as indicated by the Consumer Price Index (CPI) seemed to show a slight deceleration. The revelations append to discussions about how the delayed effects on markets

Cryptocurrency scam ads featuring the image of the mining magnate Andrew Forrest in Australia reportedly cost Australians tens of millions of dollars. Forrest, who has been vocal about what he sees as an abdication of local responsibility, sued the parent company of Facebook (now Meta) in California over the use of his image in the

Bitcoin recovered some of its losses this year, which gave a boost to other popular cryptocurrencies, such as Ethereum and XRP. At the same time, analysts are worried that the crash that might hit the market would be extremely devastating. The bitcoin price dropped below $60,000 after it reached record highs above $70,000. The drop

MicroStrategy, one of the largest bitcoin holders, declared its 10-for-1 stock split (for both the class A and class B shares) for stockholders of record as per 2 August. Effective 2 August, investors will get nine additional shares for every share they own as of 2 August and the adjusted trading will start on 8

MicroStrategy Inc., the largest corporate Bitcoin buyer and one of the most dominant stocks on the public trading exchanges, said it was going to perform a 10-to-1 stock stock split, a move designed to make the stock more widely held by shareholders and employees. The company’s shares have skyrocketed about 1,000% since MicroStrategy first invested

Bitcoin’s price jumped 2.8 per cent, to $58,870.5, on Wednesday as bargain hunters snapped up the token after its recent price drops, even as the wider mood turned cautious as buyers worried about the possibility of large-scale sales by Mt Gox and the German government. Mt Gox has started moving around $9 billion of Bitcoin,

It’s not exactly a ringing endorsement of Bitcoin’s prospects, is it? Currently, technical analysis shows that Bitcoin has a bit further to fall before we can say with certainty that it has bottomed out and will soon be headed for new all-time highs. Bitcoin’s Profit and Loss Index from CryptoQuant. 365-Day Moving Average in GreenThe