Bakkt Skyrockets 160% on DJT Offer! Bitcoin Embrace More Rally?
Bitcoin rebounded to $91,000 on Tuesday, driving a recovery in cryptocurrency-related stocks. Yesterday was a significant day for crypto stocks, with notable developments.After two consecutive days of net outflows, the BTC spot ETF recorded net inflows yesterday. $MicroStrategy(MSTR)$ recently purchased a record-breaking $4.6 billion worth of Bitcoin. According to filings submitted to SEC on Monday, the company acquired approximately 51,780 Bitcoins between November 11 and November 17. This follows earlier purchases of over 27,000 Bitcoins from October 31 to November 10 and two significant acquisitions in September. The company now holds Bitcoin valued at approximately $30 billion.MicroStrategy is also raising additional funds to buy more Bitcoin.
The non-farm payroll report released yesterday showed that the number of new jobs was revised down by 818,000. Normally, such data would have triggered a sharp market decline, but due to expectations of a rate cut, the market did not react. The market is waiting Powell’s speech on Friday.Market tend to rise after Jackson Hole meeting?According to DataTrek Research, there is some good news at the moment: historically, U.S. stocks tend to “rise more and fall less” around the time of the Federal Reserve's annual economic policy symposium. The S&P 500 index tends to rise in the two weeks before and after the Jackson Hole Symposium, especially following the speech by the Federal Reserve Chair. Data from DataTrek shows that since 2010, the average return of
🎁Rocket Means Future or Meme? Which Stock Will You Pick?
The space sector saw wild swings on Tuesday. $Intuitive Machines(LUNR)$ soared 35.6%, while $Rocket Lab USA, Inc.(RKLB)$ and $AST SpaceMobile, Inc.(ASTS)$ dipped 6.2% and 12.3% respectively. So, which meme stock should you pick?1. Intuitive Machines 🌕: Lunar mission and potential big NASA contractIntuitive Machines stands out as the big winner of the day. Its spike is tied to the company’s upcoming lunar mission, which is poised to send its IM-2 mission to the moon by late 2024 or early 2025. Additionally, there’s speculation that Intuitive Machines might bid on a NASA contract which could bring a significant revenue boost, given that $84 million remains under VI
$AST SpaceMobile, Inc.(ASTS)$ surged 50% yesterday, bringing its year-to-date gain to 420%.Is ASTS the new meme stock? Why did it rise so much?ASTS announced that its first five commercial satellites are scheduled to launch in early September as planned, with approval from the Federal Communications Commission (FCC).AST SpaceMobile has proven that the technology to directly send 5G signals from satellites to phones is feasible—a major technological breakthrough that few believed possible just a few years ago.The next company to the moon is?Anothe hot pick on WSB is $Rocket Lab USA, Inc.(RKLB)$. WSB users said it is poised to be the next major player in space exploration, following in the footsteps of Spac
🎁What you could do if your stock investments fail?
Monday's crash might have caused many investors to be forcibly liquidated, especially those with leveraged accounts. Have you ever thought about what you could do if your stock investments fail?In China, during bear markets, people often joke that if they lose all their money, they can become delivery drivers for $MEITUAN-W(03690)$ or Ele.me of $Alibaba(BABA)$ , delivering food while paying off their debts.Users on WallStreetBets joke about getting a part-time job at $McDonald's(MCD)$ if they lose money.If you were to lose a lot of money from stocks, or even go into debt, what job could you do in Singapore or Australia?It's said that working as a plumber or in ot
70% Crypto Investors Believe They Will Become Billionaires?
Spot ether ETFs likely to begin trading July 23, industry sources say. Bitcoin Conference will hold during July 25-27, 2024, in Nashville.With these news, Bitcoin and related stocks jump recently.A former poll shows thatMore than 70% of Americans who invest in cryptocurrency said they believe they have the tools to become billionaires. The poll surveyed 1,989 American adults online in July.How do you view this?Join our discussion to win tiger coins~