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Mojojo
2021-05-12
Should I just uninstall the app until June before I faint further checking my p&l?
U.S. consumer prices rose 4.2% in April from a year ago, faster than expected
Mojojo
2021-04-19
Buy the dippppp
Coinbase hangover? Here's why bitcoin may be suffering its steepest slide since February
Go to Tiger App to see more news
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I just uninstall the app until June before I faint further checking my p&l?","listText":"Should I just uninstall the app until June before I faint further checking my p&l?","text":"Should I just uninstall the app until June before I faint further checking my p&l?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/191087980","repostId":"1147827592","repostType":4,"repost":{"id":"1147827592","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620822694,"share":"https://ttm.financial/m/news/1147827592?lang=&edition=fundamental","pubTime":"2021-05-12 20:31","market":"us","language":"en","title":"U.S. consumer prices rose 4.2% in April from a year ago, faster than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1147827592","media":"Tiger Newspress","summary":"(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. econo","content":"<p>(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.</p><p>The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.</p><p>Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.</p><p>The increase in the headline CPI rate was the fastest since September 2008.</p><p>In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.</p><p>For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.</p><p>Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.</p><p>Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.</p><p>Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. consumer prices rose 4.2% in April from a year ago, faster than expected</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. consumer prices rose 4.2% in April from a year ago, faster than expected\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-12 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.</p><p>The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.</p><p>Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.</p><p>The increase in the headline CPI rate was the fastest since September 2008.</p><p>In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.</p><p>For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.</p><p>Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.</p><p>Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.</p><p>Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147827592","content_text":"(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.The increase in the headline CPI rate was the fastest since September 2008.In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":685,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576456086582950","authorId":"3576456086582950","authorIdStr":"3576456086582950","name":"tungngie","avatar":"https://static.tigerbbs.com/988bf89c2727c98e8bd27200a813c1b2","crmLevel":4,"crmLevelSwitch":1,"idStr":"3576456086582950"},"content":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]","text":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]","html":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373054684,"gmtCreate":1618805816348,"gmtModify":1704715122852,"author":{"id":"3578880295381582","authorId":"3578880295381582","authorIdStr":"3578880295381582","name":"Mojojo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578880295381582"},"themes":[],"htmlText":"Buy the dippppp","listText":"Buy the dippppp","text":"Buy the dippppp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373054684","repostId":"2128868471","repostType":4,"repost":{"id":"2128868471","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1618759080,"share":"https://ttm.financial/m/news/2128868471?lang=&edition=fundamental","pubTime":"2021-04-18 23:18","market":"hk","language":"en","title":"Coinbase hangover? Here's why bitcoin may be suffering its steepest slide since February","url":"https://stock-news.laohu8.com/highlight/detail?id=2128868471","media":"Dow Jones","summary":"Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.Bitcoin prices we","content":"<blockquote>Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.</blockquote><p>Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.</p><p>Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.</p><p><img src=\"https://static.tigerbbs.com/1fb4b00395feffcf6e0b195304220d57\" tg-width=\"663\" tg-height=\"419\"></p><p>However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.</p><p>This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.</p><p><b>Crypto euphoria</b></p><p>Some industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.</p><p>Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.</p><p>Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .</p><p><b>Crackdown? Or 'FUD'</b></p><p>Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.</p><p>Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.</p><p><b>Coinbase hangover?</b></p><p>Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.<a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.</p><p>In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.</p><p>Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase hangover? Here's why bitcoin may be suffering its steepest slide since February</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase hangover? Here's why bitcoin may be suffering its steepest slide since February\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-18 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.</blockquote><p>Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.</p><p>Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.</p><p><img src=\"https://static.tigerbbs.com/1fb4b00395feffcf6e0b195304220d57\" tg-width=\"663\" tg-height=\"419\"></p><p>However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.</p><p>This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.</p><p><b>Crypto euphoria</b></p><p>Some industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.</p><p>Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.</p><p>Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .</p><p><b>Crackdown? Or 'FUD'</b></p><p>Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.</p><p>Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.</p><p><b>Coinbase hangover?</b></p><p>Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.<a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.</p><p>In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.</p><p>Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128868471","content_text":"Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.Crypto euphoriaSome industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .Crackdown? Or 'FUD'Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.Coinbase hangover?Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.$(NDAQ)$ would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"hots":[{"id":191087980,"gmtCreate":1620828143140,"gmtModify":1704349014707,"author":{"id":"3578880295381582","authorId":"3578880295381582","authorIdStr":"3578880295381582","name":"Mojojo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578880295381582"},"themes":[],"htmlText":"Should I just uninstall the app until June before I faint further checking my p&l?","listText":"Should I just uninstall the app until June before I faint further checking my p&l?","text":"Should I just uninstall the app until June before I faint further checking my p&l?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":3,"repostSize":0,"link":"https://ttm.financial/post/191087980","repostId":"1147827592","repostType":4,"repost":{"id":"1147827592","weMediaInfo":{"introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"media_name":"Tiger Newspress","id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"pubTimestamp":1620822694,"share":"https://ttm.financial/m/news/1147827592?lang=&edition=fundamental","pubTime":"2021-05-12 20:31","market":"us","language":"en","title":"U.S. consumer prices rose 4.2% in April from a year ago, faster than expected","url":"https://stock-news.laohu8.com/highlight/detail?id=1147827592","media":"Tiger Newspress","summary":"(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. econo","content":"<p>(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.</p><p>The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.</p><p>Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.</p><p>The increase in the headline CPI rate was the fastest since September 2008.</p><p>In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.</p><p>For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.</p><p>Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.</p><p>Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.</p><p>Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>U.S. consumer prices rose 4.2% in April from a year ago, faster than expected</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nU.S. consumer prices rose 4.2% in April from a year ago, faster than expected\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1079075236\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Tiger Newspress </p>\n<p class=\"h-time\">2021-05-12 20:31</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<p>(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.</p><p>The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.</p><p>Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.</p><p>The increase in the headline CPI rate was the fastest since September 2008.</p><p>In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.</p><p>For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.</p><p>Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.</p><p>Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.</p><p>Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","SPY":"标普500ETF",".IXIC":"NASDAQ Composite",".DJI":"道琼斯"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"1147827592","content_text":"(May 12) Inflation accelerated at its fastest pace in more than 12 years for April as the U.S. economic recovery kicked into gear and energy prices jumped higher, the Labor Department reported Wednesday.The Consumer Price Index, which measures a basket of goods as well as energy and housing costs, rose 4.2% from a year ago, compared to the Dow Jones estimate for a 3.6% increase. The monthly gain was 0.8%, against the expected 0.2%.Excluding volatile food and energy prices, the core CPI increased 3% from the same period in 2020 and 0.9% on a monthly basis. The respective estimates were 2.3% and 0.3%.The increase in the headline CPI rate was the fastest since September 2008.In addition to rising prices, one of the main reasons for the big annual gain was because of base effects, meaning inflation was very low at this time in 2020 as the Covid-19 pandemic caused a widespread shutdown of the U.S. economy. Year-over-year comparisons are going to be distorted for a few months because of the pandemic’s impact.For that reason, Federal Reserve policymakers and many economists are dismissing the current round of numbers as transitory, with the expectation that inflation settles down later this year around the 2% range targeted by the central bank.Price surges also have come amid supply bottlenecks caused by a number of factors, from production issues with the ubiquitous semiconductors found in electronics products to the Suez Canal blockage in March to soaring demand for a variety of commodities.Lumber prices alone have risen 124% in 2021 amid persistent demand for building materials. Gasoline prices are up more than 27% nationwide, while copper, often seen as a proxy for economic activity, has jumped nearly 36%.Still, Fed officials repeatedly have said they will not raise interest rates or pull back on monthly bond purchases until inflation averages around 2% over an extended period.","news_type":1},"isVote":1,"tweetType":1,"viewCount":685,"authorTweetTopStatus":1,"verified":2,"comments":[{"author":{"id":"3576456086582950","authorId":"3576456086582950","authorIdStr":"3576456086582950","name":"tungngie","avatar":"https://static.tigerbbs.com/988bf89c2727c98e8bd27200a813c1b2","crmLevel":4,"crmLevelSwitch":1,"idStr":"3576456086582950"},"content":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]","text":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]","html":"Tell yourself the drop is temporary, biz fundamental no change. go go. [Victory]"}],"imageCount":0,"langContent":"EN","totalScore":0},{"id":373054684,"gmtCreate":1618805816348,"gmtModify":1704715122852,"author":{"id":"3578880295381582","authorId":"3578880295381582","authorIdStr":"3578880295381582","name":"Mojojo","avatar":"https://static.laohu8.com/default-avatar.jpg","crmLevel":2,"crmLevelSwitch":0,"followedFlag":false,"idStr":"3578880295381582"},"themes":[],"htmlText":"Buy the dippppp","listText":"Buy the dippppp","text":"Buy the dippppp","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/373054684","repostId":"2128868471","repostType":4,"repost":{"id":"2128868471","weMediaInfo":{"introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"media_name":"Dow Jones","id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"pubTimestamp":1618759080,"share":"https://ttm.financial/m/news/2128868471?lang=&edition=fundamental","pubTime":"2021-04-18 23:18","market":"hk","language":"en","title":"Coinbase hangover? Here's why bitcoin may be suffering its steepest slide since February","url":"https://stock-news.laohu8.com/highlight/detail?id=2128868471","media":"Dow Jones","summary":"Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.Bitcoin prices we","content":"<blockquote>Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.</blockquote><p>Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.</p><p>Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.</p><p><img src=\"https://static.tigerbbs.com/1fb4b00395feffcf6e0b195304220d57\" tg-width=\"663\" tg-height=\"419\"></p><p>However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.</p><p>This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.</p><p><b>Crypto euphoria</b></p><p>Some industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.</p><p>Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.</p><p>Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .</p><p><b>Crackdown? Or 'FUD'</b></p><p>Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.</p><p>Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.</p><p><b>Coinbase hangover?</b></p><p>Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.<a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.</p><p>In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.</p><p>Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.</p>","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase hangover? Here's why bitcoin may be suffering its steepest slide since February</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase hangover? Here's why bitcoin may be suffering its steepest slide since February\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2021-04-18 23:18</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<blockquote>Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.</blockquote><p>Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.</p><p>Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.</p><p><img src=\"https://static.tigerbbs.com/1fb4b00395feffcf6e0b195304220d57\" tg-width=\"663\" tg-height=\"419\"></p><p>However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.</p><p>This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.</p><p><b>Crypto euphoria</b></p><p>Some industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.</p><p>Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.</p><p>Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .</p><p><b>Crackdown? Or 'FUD'</b></p><p>Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.</p><p>Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.</p><p><b>Coinbase hangover?</b></p><p>Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.<a href=\"https://laohu8.com/S/NDAQ\">$(NDAQ)$</a> would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.</p><p>Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.</p><p>In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.</p><p>Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.</p>\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"GBTC":"Grayscale Bitcoin Trust"},"is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2128868471","content_text":"Bitcoin prices are in correction, down nearly 14% from its recent peak on CoinDesk.Bitcoin prices were sinking into correction territory Sunday, marking the sharpest slide for the digital asset since February, coming on the heels of what has been a remarkable stretch for the crypto industry.Bitcoin pricesBTCUSD,1.43%fell at one point Sunday afternoon to $51,907, down around 20% from a recent peak of $64,829.14, according to Coindesk. The decline from the crypto’s apex meets the widely accepted definition of a correction in an asset. By Sunday evening, a single bitcoin was going for $56,620.However, slides of 10% or better bitcoin are fairly common because the nascent asset is viewed as inherently volatile. The last time crypto skid decisively lower comments from Treasury Secretary Janet Yellen at a New York Times DealBook conference were blamed for the slump.This time around, market participants continue to be haunted by the specter of a crack down by the Treasury but are also listing a few other possible causes for bitcoin's correction.Crypto euphoriaSome industry participants point to a rise in speculative assets like dogecoin as indications that the digital asset market is getting hyped and vulnerable to a retreat. Dogecoin prices had rocketed more than 7,252% year-to-date at their recent peak.Galaxy Digital CEO Michael Novogratz says that although he sees bitcoin reaching $100,000 by the end of 2021 and $500,000 by 2024, he believes that the market will be marked by turbulence that he feels is highlighted by frenzied appetite for assets like dogecoin , which was originally created as a parody to bitcoin and is viewed by some as possessing limited utility.Novogratz said that the list of crypto platform Coinbase Global listing has fueled \"a lot of frenzy\" .Crackdown? Or 'FUD'Others pointed to the dissemination of fear, uncertainty and doubt, or FUD, as the crypto community describes it.Bloomberg News reported that further speculation about a crypto crackdown by the U.S. Treasury Department tied to the use of digital assets for money laundering, without specific details, also was weighing on prices.Coinbase hangover?Some market participants have suggested that the highly anticipated Coinbase listing on Nasdaq Inc.$(NDAQ)$ would prove a new top for the crypto market and put prices under pressure after a precipitous rally in recent days and a fresh record for bitcoin early last week.Yves Lamoureux, the president of Montreal-based macroeconomic research firm Lamoureux & Co., told MarketWatch that he was fearful that euphoria surrounding bitcoin and crypto and saw them due for a retrenchment as a result. \"Can you find out there anyone with a bearish viewpoint?\" he asked. \"A resounding no,\" he responded.In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. Several high-profile Wall Street players, including Stanley Druckenmiller and Paul Tudor Jones, have embraced bitcoin. Famed investor Bill Miller, founder of Miller Value Partners, in a letter to clients on the firm's website, that reaffirmed his bullish outlook on bitcoin.Bitcoin prices are up around 90% so far this year. By comparison, gold prices, considered a rival to bitcoin, were off over 6% so far in 2021, and more traditional securities were seeing comparatively more pedestrian returns. The Dow Jones Industrial Average and the S&P 500 are up more than 11% in the year to date, while the Nasdaq Composite Index is up 9%.","news_type":1},"isVote":1,"tweetType":1,"viewCount":249,"authorTweetTopStatus":1,"verified":2,"comments":[],"imageCount":0,"langContent":"EN","totalScore":0}],"lives":[]}
