The high was made right at the 0.618 Fib retracement resistance of the entire downward movement.
Despite the drop, technical indicators are still bullish.
With a market capitalisation of $376 billion, traders are taking the gains in ether much more seriously and say it is catching up to bitcoin’s rise and that upgrades to the ethereum blockchain stand to make it more useful.
The Robinhood trading frenzy earlier this year likely had new investors believing that to make money in the stock market you have to jump on stocks that are hot and bail just as quickly to cement your profits before moving on to the next meme stock.
The No.
People want a secure online currency, are willing to pay for it, and the relatively scarce To find good ideas for stocks trading at attractive valuations, visit TipRanks’ Best Stocks to Buy, a newly launched tool that unites all of TipRanks’ equity insights.
A boom in technology jobs across all sectors in Singapore and a shortage of tech workers means the country will have to rely on foreigners to fill the gap, Ravi Menon, the managing director of the Monetary Authority of Singapore said on Tuesday.
“Traditional financial markets and digital assets are no longer mutually exclusive markets,” said Peter Roffman, global head of innovation and strategy at S&P Dow Jones Indices.
The Nasdaq ended sharply lower on Tuesday as investors dumped megacap growth stocks to seek shelter in more defensive parts of the market, amid concerns on rising interest rate and uncertainty over an upcoming jobs report.