Tag: cryptocurrency

  • How to Trade a Potential Bitcoin ETF

    How to Trade a Potential Bitcoin ETF

    If you believe the value of Bitcoin will push higher, you can invest in the Pro Shares Bitcoin Strategy ETF (BITO).  With an expense ratio of 0.95%, the ETF tracks the performance of spot Bitcoin, and is the world’s largest and most actively traded cryptocurrency ETF, according to ProShares.com. BITO mimics the price of Bitcoin…

  • Why MicroStrategy Could Test $500 this Year

    Why MicroStrategy Could Test $500 this Year

    “With Bitcoin quickly nearing $31,000, stocks like MicroStrategy (MSTR) are exploding. All in hopes a Bitcoin ETF will finally be approved,” we noted on Oct. 23. “MSTR last traded at $362.45 – up $14.41 on the day—and could push higher after breaking above its 50-day moving average. It’s also now above triple-top resistance. And if…

  • Two Top Ways to Trade the Bitcoin Recovery

    Two Top Ways to Trade the Bitcoin Recovery

    Bitcoin is on fire. All thanks to a growing appetite for risk among investors. In fact, according to Barron’s, “Crypto fundamentals are taking a backseat here and the primary driver is what the overall appetite is for risky assets,” said Edward Moya, an analyst at broker Oanda. If the bottom is finally in, investors may…

  • Top Ways to Trade a Potential Bitcoin Bounce

    Top Ways to Trade a Potential Bitcoin Bounce

    Keep an eye on Bitcoin. After a devastating pullback from about $48,000 to $26,000, it’s just starting to pivot higher.  It’s also incredibly oversold on RSI, MACD, and Williams’ %R.  Plus, most of the Terra USD (UST) crash may have been priced into the crash, too. “Bitcoin has been a casualty of the broader market selloff…

  • This is Why Coinbase is One of the Biggest Winners of the Day

    This is Why Coinbase is One of the Biggest Winners of the Day

    Coinbase (COIN) is flying. At the moment, shares are up more than $12.38 on the day. All on news it may be nearing a deal to buy Brazilian holding company called 2TM, which controls Mercado Bitcoin. According to Coin Telegraph, “A keystone of the group’s Latam expansion plans, the world’s second-largest cryptocurrency exchange has also…

  • Here’s Why Bitcoin Just Plummeted Under $60,000

    Here’s Why Bitcoin Just Plummeted Under $60,000

    Look out below. Bitcoin (BTC) just plummeted to less than $50,000 after testing $61,556. All as markets react to Joe Biden’s proposed capital gains tax hike on the wealthy.  In fact, Bloomberg reports Biden wants to nearly double the tax rate to 39.6% from 20%. “The Biden administration is looking to raise the top marginal…

  • Coinbase Just Filed to Go Public on the NASDAQ

    Coinbase Just Filed to Go Public on the NASDAQ

    With the cryptocurrency boom well underway, Coinbase is going public. It will use a direct listing to offer shares to the public instead of a traditional IPO. “The company said it plans to list its shares on the Nasdaq exchange under the ticker symbol ‘COIN.’ More than 43 million investors in more than 100 countries…

  • The Top Ways to Trade the Crypto Boom

    The Top Ways to Trade the Crypto Boom

    Cryptocurrencies are in rally mode. Bitcoin is back up to $35.186.  Ethereum is up to $1,353.  Even Dogecoin is up 113% today.  A good deal of that is thanks to retail and institutional interest.  Even Elon Musk added the hashtag #Bitcoin to his Twitter feed, noting, “In retrospect, it was inevitable.” BlackRock filed prospectuses for…