Being the crypto market leader, bitcoin broke out of its multi-week consolidation below $60,000 in the days leading up to the highly anticipated listing widely touted as a watershed moment for the cryptocurrency industry and clocked a record high of $64,801.79 on Wednesday.
“In hindsight, bitcoin printing a new all-time high on the day shares the opened for trading was a bit of an obvious one.
XRP picked up a bid near $0.6 on April 5 and clocked a three-year high of $1.9 on Wednesday – a 220% gain in nine days.
As per Novogratz, that shows Coinbase’s listing on Nasdaq created a lot of euphoria – a point of maximum financial risk where investors, primarily retailers, think good times will continue unchecked.
According to Joel Kruger, currency strategist at LMAX Digital, the market is now seeing a classic sell-the-fact reaction to the news.
Coinbase’s shares witnessed a two-way business or indecisive price action on the first day of trading, as noted earlier.
Dips, however, are likely to be shallow.
headline inflation rose to a 12-month pace of 2.6% in March, strengthening the case for continued investments in store of value assets such as bitcoin and gold.
Taiwan’s tech-focused exports have soared during theCOVID-19 pandemic because of global demand for laptops, tablets and other equipment to support the work-from-home boom, driving its trade surplus with the United States and jacking up the value of the Taiwan dollar.
that have yet to prove their viability as revenue-generating, profitable entities have lost their shine over the past few months amid concern about valuations and as established carmakers like VW move faster into EV fray.Read more: The End of Tesla’s Dominance May Be Closer Than It AppearsThe industry’s multi-billion dollar surge also hasn’t escaped Beijing’s attention.
The Biomark Chart: After reaching an all-time high of 42 cents on March 17, Biomark’s stock settled into two bullish patters — a daily bull flag and a daily symmetrical triangle — before breaking bullish on Friday and making a new all-time high on large bull volume.
With this in mind, we used TipRanks’ database to identify two stocks that boast a Strong Buy analyst consensus rating and considerable upside potential – on top of impressive recent gains.