ETORO
Bitcoin hits 2-month low on election uncertainty, Mt Gox flows
The world's biggest cryptocurrency has been under pressure in recent months, its slide accelerating this week after the first debate between U.S. presidential candidates Joe Biden and Donald Trump raised the spectre of Biden being replaced as a candidate.
Bitcoin hits two-month low on election uncertainty, Mt Gox flows
The world's biggest cryptocurrency Bitcoin's decline gained momentum this week following the initial debate between US presidential candidates Joe Biden and Donald Trump, which sparked concerns about potential changes in Biden's candidacy. Bitcoin fell more than 2% to $57,843, its lowest since May 2.
Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers
Data showed US retail sales rose 0.1% in May, against 0.3% increase expected by economists polled by Reuters. Markets marginally hiked bets on two interest rate cuts from the Fed this year following the data, according to LSEG's FedWatch, clashing with the most recent projections from policymakers showing they broadly expect just one interest rate cut this year.
GameStop gains as Roaring Kitty reveals bet in Reddit post
GameStop surged 21% after 'Roaring Kitty' disclosed a $116 million bet on Reddit. Keith Gill's 5 million share holding now worth $260 million, impacting short sellers.
Dow slips nearly 1% as markets juggle data, technical glitches
Shares of megacaps including Apple and Meta gained between 0.8% and 2.1%, as yields on the benchmark U.S. 10-year and five-year notes fell around 10 basis points each. GameStop soared 24.1% after a weekend Reddit post from stocks influencer Keith Gill, also known as "Roaring Kitty", showed a $116 million bet on the gaming retailer.
GameStop soars over 70% as 'Roaring Kitty' reveals $116 million bet in Reddit post
GameStop shares surged more than 70% premarket on Monday after "Roaring Kitty" Keith Gill, the stocks influencer behind the 2021 retail trading frenzy, returned to Reddit with a post showing a $116 million bet on the embattled videogame retailer.
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GameStop soars as 'Roaring Kitty' reveals $116 million bet in Reddit post
It was Gill's first post in three years from his Reddit account, where screenshots of his bullish GameStop trades triggered a rush of demand in 2021 for "meme stocks" - often companies with weak fundamentals that gained a cult-like following through social media hype among retail traders.
Nvidia adds over $200 billion in market value in post-earnings rally
Nvidia's shares surged over 9% on Thursday, adding $218 billion in market value, the second-largest single-day gain in history on Wall Street, fueled by a bumper revenue forecast reinforcing investor confidence in the AI-driven chip demand boom.
Nvidia's split of soaring stock could boost retail investor appeal, Dow chances
Nvidia's stock split announcement, aiming to attract more retail investors and potentially join the Dow Jones Industrial Average, follows a surge in share price. The split could make stock ownership more accessible and boost interest among individual investors.
Nvidia's blowout forecast adds fresh fuel to AI rally; stock jumps 9%
Nvidia rallied 9% on Thursday as its bumper revenue forecast reinforced investor confidence in the AI-driven boom in chip demand, lifting shares across the semiconductor sector.
Cryptocurrencies gain as investors turn optimistic on ether ETFs
Ether, which underpins the ethereum blockchain network, was 8% higher on the day at $3,775, its highest in two months, after jumping 13.8% on Monday.
GameStop and AMC tumble as meme stocks rally deflates
Unlike 2021, when Reddit users banded together to target highly shorted stocks that burned the bearish bets of hedge funds, institutional investors too were part of the meme-stock mania, Vanda Research, which tracks retail investor flows, said.
GameStop, AMC slide further as meme stocks rally tapers off
Retail darlings GameStop and AMC continued their slide for a second straight session on Thursday, as the euphoria over the return of "Roaring Kitty", who was the central figure in 2021 meme stock rally, fizzles out.
Australian shares log best day in five months on US rate cut optimism
The much anticipated U.S. consumer price index (CPI) data for April fueled optimism that inflation was easing, prompting traders to raise bets that the Federal Reserve will cut interest rates in September and December.
GameStop hits 2021 high as return of 'Roaring Kitty' rekindles meme stock mania
Trading in GameStop was halted multiple times within minutes of market open due to volatility as the stock hit its highest level since June 2021. The stocks were set to extend gains from the previous session after Gill shared a meme and more than 10 clips from movies, including "X-Men Origins: Wolverine", "The Avengers" and 1993 Western "Tombstone"
Apple shares jump 7% as record buyback, sales growth forecast lure investors
Apple shares jumped nearly 7% on Friday as the iPhone maker's record stock buyback plan and promise of sales growth brought back investors who have shunned the stock on concerns over weak demand and increased competition in China.
Unauthorised forex dealers duping customers: Names of 75 forex dealers on RBI’s alert list
RBI has noted that these organisations are giving locals the ability to transfer or deposit money in Rupees in order to conduct illicit foreign exchange transactions using domestic payment methods including internet transfers, payment gateways, etc.
Bitcoin traders shrug off 'halving' to focus on broader market risks
Bitcoin's so-called halving event has had little impact on its price so far, with industry insiders on Monday saying the cryptocurrency's fortunes were more closely tied to broader financial market sentiment and geopolitics.
Bitcoin miners face survival test in 'halving'
Miners of bitcoin will soon face a halving of the reward for operating the most popular cryptocurrency, in a pivotal event that is a test of survival, industry commentators say. "The block reward halving tends to 'shake-out' the weaker mining operations," Simon Peters, analyst for trading company eToro, told AFP.
Israel's digital brokerage eToro considers New York IPO, seeks $3.5 billion valuation: report
The retail trading platform is weighing an initial public offering (IPO) in New York or London, CEO Yoni Assia told the newspaper, adding that a US listing would give the company access to a broader range of investors than a presence on the British market.
In bitcoin's shadow, another cryptocurrency, Ether, stages its own rally
Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.
Bitcoin hits $50k level for first time in more than two years
The cryptocurrency has risen some 15.7% so far this year, on Monday touching its highest since Dec. 27, 2021. At 1721 GMT, bitcoin was up 4.8% on the day at $49,826, having oscillated around the $50,000 mark.
Meme-stock crowd plows into cross-asset rally lifting risky bets
The S&P 500 Index notched one of its biggest November gains on record, jumping 8.9% for its second-best performance for the month since 1980 as speculative corners including Bitcoin and meme stocks like GameStop posted gains. The world’s largest cryptocurrency by market value soared to its highest level in 18 months.
The crypto market still bears the scars of FTX's collapse
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange's abrupt collapse in November 2022. He has pleaded not guilty.
Bitcoin hits two-month high above $30,000 in volatile week
Bitcoin markets have been especially skittish this week, as investors await news of the fate of applications with the US Securities and Exchange Commission (SEC) for a spot bitcoin exchange-traded fund (ETF) by major financial firms including BlackRock.
The crypto market still bears the scars of FTX's collapse
Sam Bankman-Fried, the former CEO of FTX, stands trial in New York on Tuesday, charged with seven counts of fraud and conspiracy stemming from the exchange's abrupt collapse in November 2022. He has pleaded not guilty.
Bitcoin drops to new two-month low as world markets sell off
On Thursday, bitcoin fell 7.2% in its biggest one-day drop since November 2022 when top exchange FTX collapsed.
Twitter joins eToro to let users see real-time stock information
The trading data will be available through Twitter's Cashtags feature, which was launched in 2012 and allows users to interact with content around an asset by inserting a dollar sign in front of the ticker.
Bitcoin digs in for a bumpy new year
Bitcoin has gained 4.3% since the start of 2023, though stuck in a narrow range between $16,500 and $17,300.
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