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4 mentions found


☆ Meme stocks are back in fashion. Here's how to find one.
  + stars: | 2024-04-01 | by ( Dan Defrancesco | ) www.businessinsider.com   time to read: +7 min
In today's big story, we're breaking down how to identify a meme stock . Three years after GameStop upended things, meme stocks are back in fashion. But how does one find a meme stock? (Trump Media doesn't technically qualify as a meme stock under Sosnick's criteria due to the amount of low short interest. Maintaining long-term support for a meme stock remains a tough nut to crack.
Persons: —, Mark Zuckerberg, Satya Nadella, Jenny Chang, Rodriguez, There's, Steve Sosnick, Business Insider's Matthew Fox, David Becker, Chelsea Jia Feng, Donald Trump's, Trump, Bill Gross, BI's Peter Kafka, there's, it's, Pedro Ribeiro Simões, …, Matt Chase, they're, OpenAI's Sam Altman, Sora, Meta, Tyler Le, Jack Canfield's, Jay Marine, Amazon's, Jeff Bezos, Antony Blinken, Emmanuel Macron, Dan DeFrancesco, Hallam Bullock, Grace Lett, Lisa Ryan Organizations: Business, Service, Getty, GameStop, Interactive, Business Insider's, Trump Media, Technology Group, AMC Entertainment, Big Tech, Hollywood, Facebook, NBA, FOX Locations: YOLO, hodlers, Silicon, Paris, Ukraine, Gaza, New York, London, Chicago
☆ Cryptoverse: Big investors edge back to bitcoin
  + stars: | 2023-01-31 | by ( Medha Singh Lisa Pauline Mattackal | Medha Singh | Lisa Pauline Mattackal | ) www.reuters.com   time to read: +4 min
Jan 31 (Reuters) - Big investors are dipping their toes into crypto waters again after a bumper month for bitcoin. Bitcoin was far and away the biggest draw, with funds tracking it responsible for $116 million of that. They said shorter-term investors were selling their bitcoin at a profit, while longer-term "HODlers" were still sticking with their coin and not contributing to selling pressure. Additionally, bitcoin's "dominance" or share of the total crypto market has hovered around 41% this month, levels not seen since last July. Analysts at Citi said this mimicked a similar jump in bitcoin dominance in April 2019, when a bitcoin rally marked a crypto market bottom.
☆ Cryptoverse: Bitcoin wants to break its bond with stocks
  + stars: | 2022-11-01 | by ( Lisa Pauline Mattackal Medha Singh | Lisa Pauline Mattackal | Medha Singh | ) www.reuters.com   time to read: +4 min
Nov 1 (Reuters) - After months of tears and tantrums, bitcoin wants to split up with stock markets. The cryptocurrency, which has been closely correlated with tech stocks for much of its torrid 2022, is staging one of its strongest efforts yet to break away. For some crypto backers, any bitcoin break-up from Big Tech is a sign of strength. Bitcoin and crypto is one of those 'next' growth industries," said Santiago Portela, CEO of FITCHIN, a Web3 gaming ecosystem. Yet it's anyone's guess whether fickle bitcoin will begin to rally, or slide anew, or if it will swiftly rebound to the embrace of technology stocks.
☆ Crypto’s bear market is unlike others before it. This time the Fed's steering the ship
  + stars: | 2022-09-20 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +17 min
In any other year, the bitcoin price would have skyrocketed after the BlackRock announcement, but it didn't. Bitcoin hit its all-time high on Nov. 8, less than a week after the Fed first introduced the tapering . "Bitcoin OGs want to believe that it's a risk-off asset – that's a long-term trajectory," said Burak Tamac, senior researcher at CryptoQuant. It's bitcoin that's received so much hostility about being environmentally unfriendly, but myths about the cryptocurrency's environmental impact are slowly being debunked . Beyond bitcoin, crypto remains just a little too out of reach for many.
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