Bitcoin cash skyrocketed 80 percent to break above $4,000 on Wednesday after the leading cryptocurrency exchange said it would begin trading in the bitcoin offshoot. Bitcoin cash traded at $4,329.52 on Coinbase as of 12:12 p.m. ET time. Coinbase said traders would be able to buy and sell the digital […]
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Bitcoin cash falls below $4,000 after leading exchange restarts trading
Bitcoin cash fell from its session highs on Wednesday, trading back below $4,000, after Coinbase-owned GDAX restarted trading in the bitcoin offshoot. The digital currency traded at $3,947.98 as of 2:14 p.m. ET. Coinbase had originally halted bitcoin cash trading as it waited for “sufficient liquidity” to reach the cryptocurrency. […]
Big investment bank now sees slight gains for stocks, without much help from tax plan
Citigroup strategists now see the S&P 500 ending 2018 a modest 4 percent above current levels without much more help from tax cuts. Tobias Levkovich, Citigroup’s chief U.S. equity strategist, had previously based his forecast on a corporate tax rate cut to 25 percent, but he has updated it because […]
The surprising ways Americans are raising their sons differently than their daughters
Most Americans struggle to determine if their gender differences are based on biology or societal expectations, according to a recent report by Pew Research Center. Notably, there is a discrepancy between how U.S. parents are currently raising their children and how they believe they should instead raise them. To better […]
There’s something in the chart that tells me oil is about to surge: Trader
Despite a somewhat quiet few weeks for oil, trader Todd Gordon says there’s one trend in the charts that’s signaling a bounce for the commodity. The founder of TradingAnalysis.com is looking at a triangle pattern in particular that has formed in the chart of USO, the exchange-traded fund that tracks […]
The big debate on Wall Street right now is whether to ‘sell the news’ on the tax cut rally
The tax bill is almost done, so the debate is whether to sell on the news. It may be happening already. Stocks retreated on Tuesday, and even a notable move up in 10-year Treasury yields failed to move bank stocks up. There’s reason to consider that this month’s notable rally […]
Strange ‘disconnect’ in the market is raising a red flag for one market watcher
A disconnect between equities, bonds and the currency market as tax reform legislation nears passage has one equity strategist concerned. The S&P 500 has rallied to record highs as investors price in hopes of corporate tax cuts, but the Treasury market and U.S. dollar are not behaving in a similarly […]
The late-stage equity bull market could explain a mania like bitcoin
Blame the stock market’s rally for the bitcoin craze that has swept financial markets these last few weeks. While debate rages over whether the digital currency is in a bubble, several market analysts say the cryptocurrency hype would not be possible unless financial markets overall were in the late stage […]
Infamous short-seller Andrew Left scrambling for ways to bet against bitcoin
Short-seller Andrew Left can’t find enough ways to short, or bet against, bitcoin. “If you’re a short-seller right now and you’re cautious and you want to short something that’s related to bitcoin and not bitcoin, you have limited opportunities,” the Citron Research founder said Tuesday on CNBC’s “Fast Money.” “But […]
Bitcoin plunges $1,000 in less than an hour
Bitcoin plunged more than $1,000 in less than an hour Tuesday. The digital currency fell from $17,929 to a low of $16,912 between 3:30 and 4:30 p.m. ET, according to Coinbase, the leading U.S. platform for buying and selling major cryptocurrencies. Bitcoin had traded near $19,800 on Sunday. The slump […]