If Bitcoin can’t overtake its 50-day mean — which currently sits at about $57,000 — then it might be in for a period of volatility as the gap between the two trend lines converges.
Trading in the world’s largest digital asset has been choppy in recent days after it hit a record high in mid-April above $64,000.
Despite its recent turbulence, Bitcoin is still up 511% over the past year.
While some dispute the idea that Bitcoin can act as an inflation hedge, the argument has been a key tenet for its bullish thesis and rings true for a lot of crypto fans.
On the same day that Ford Motor Co said it would be able to produce only half as many cars as planned due to a global chip shortage, Apple Inc announced blowout quarterly earnings as smartphone and computer sales soared, with the chip shortage having only a small impact on its business.
Rapid expansion of ADMA’s collection center portfolio remains a key focus as well, with management having stated that the plasma market supply constraints are not expected to impact the company at this time.” Consensus among analysts is a Strong Buy based on 4 unanimous Buys.
President Biden is wrapping up a historic first 100 days as president of the United States.
Prices in that market soared to $9,000 a megawatt-hour for several days in February, when a deep freeze triggered widespread blackouts.The measure is part of a part of a package of legislation aimed to rein in, albeit modestly, Texas’s laissez-faire approach to electricity markets, which some have argued contributed to the catastrophe.The state’s power system operates independently from other grids so as to avoid federal oversight, and the market relies almost exclusively on price signals to secure electricity rather than holding supply in reserve for emergencies.Griddy, whose customers were infamously slammed with thousand-dollar electricity bills during the crisis, has since declared bankruptcy.
As one of Europe’s longest-serving bank CEOs, he has received plaudits for bringing Lloyds back from the brink in 2011, when in an interview this month he said it was “about to die” after having to be bailed out during the financial crisis.