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Yet Again, All the News Outlets Got Cryptocurrency Wrong
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Author: Michael Stern

If you’ve read the news recently, then you’ve probably heard that the next crypto doomsday was meant to come. There have been countless articles and experts predicting a price correction, but it has yet to come.  Despite constant claims that the industry was meant to be in for a shock, Bitcoin, as well as almost […]

27 Mar 2021
Markets are in Chaos as Tesla Announces Bitcoin Purchasing Options
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Author: Maria Andretti

On the 24th of March, 2021, Elon Musk announced that customers could now purchase Tesla cars using Bitcoin. This marks the first notable example of a mainstream company pushing an initiative to incentivize customers to trade with cryptocurrency.  In line with the other instances of Elon Musk tweeting about Bitcoin, this announcement sent the cryptocurrency […]

25 Mar 2021
Tech Stocks Rally as Stock Futures Dip
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Author: Michael Stern

Early trading on Tuesday morning saw U.S. stock index futures slightly lower than Monday after all three major averages reported having gains during the day prior.  In particular, future contracts that are tied to the Dow Jones Industrial Average lost 107 points on Tuesday. The S&P 500and Nasdaq 100 futures also saw losses, although those […]

23 Mar 2021
Federal Reserve Expects US Economy to Grow Faster than Forecast
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Author: Maria Andretti

With the rate at which vaccinations are being administered, and with the flow of relief funds into the American economy, the Federal Reserve is expecting a faster and more significant rate of economic growth than originally forecast.  The official prediction in December of last year was 4.2%. However, the Reserve has revisited that prediction, forecasting […]

19 Mar 2021
India Sets to Ban Crypto While Developing a State Endorsed Coin
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Author: Michael Stern

Cryptocurrency has split the world’s powers straight down the middle, and rightfully so. For the first time in modern history, people have a financial alternative to government-backed banks.  Crypto takes the financial monopoly away from authorities, so when those authorities make moves to ban it, it’s going to cause an uproar.  That’s exactly what’s happening […]

17 Mar 2021
Bitcoin Hits $50,000 As Crypto Continues to Rally
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Author: Michael Stern

It’s been an interesting few weeks for Bitcoin. After Elon Musk’s series of tweets on the coin and Tesla’s investment into it, the coin shot up in value and broke $50,000, setting a new all-time high and taking many investors by surprise. Following this hike in price, many were predicting Bitcoin would recede back to […]

13 Mar 2021
Good Days Ahead for NASDAQ and Tech Stocks
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Author: Maria Andretti

This last week has proven to be quite a wild ride for tech stocks of all categories, as well as the NASDAQ.  While the latter has seen its greatest jump since November of last year, tech has rebound after losing a tremendous amount of value at the beginning of 2021.  It’s difficult to say what […]

11 Mar 2021
US Economy Sees 379,000 New Jobs in February
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Author: Michael Stern

The US economy continues its upwards momentum in February as the national unemployment rate falls from 6.3% to 6.2% in February of 2021.  The total nonfarm employment in the nation surged by 379,000 jobs, according to data released by the US Bureau of Labor Statistics.  Of the 15 major industry groups, nine of them are […]

9 Mar 2021
Heavy Resistance as Bitcoin Drops Below $47,000
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Author: Michael Stern

The crypto bears have been out in full force over these last two days. Following a period of remarkable support, those levels seem to have finally broken as Bitcoin plummets to below $47,000 in value. This is the first time this month that the currency has been below $50,000 and may be setting a precedent […]

5 Mar 2021