Risk appetite remained robust in the final trading session of the week, with all major U.S. indices poised to close the week in positive territory. Small-cap stocks outperformed their large-cap counterparts, continuing their recent streak of dominance. Fresh business surveys highlighted a notable health in the U.S. economy, with...
CNBC’s Jim Cramer, host of Mad Money and frequent source of contrarian market indicators, recently voiced his support for Bitcoin (CRYPTO: BTC) during his “Lightning Round,” causing a stir among crypto enthusiasts. What Happened: During the segment, Cramer recommended a trader invest in Bitcoin rather than MicroStrategy (NASDAQ:MSTR), the...
In recent months, the Securities and Exchange Commission (SEC) under Gary Gensler has been under fire over its “regulation-by-enforcement” policy, and many are looking for clarity in crypto rules. Today, the crypto industry moved a few steps into clarity when a Texan federal judge tossed the agency’s broker-dealer rule....
Jack Mallers, CEO of payment platform Strike, has made a powerful case for the United States to embrace Bitcoin (CRYPTO: BTC) as a strategic reserve asset. What Happened: In an interview with CNBC on Thursday, Mallers compared the potential adoption of Bitcoin by the U.S. government to pivotal moments...
Institutional investment in the cryptocurrency space is poised for a massive influx, with hundreds of billions of dollars expected to enter the market in the coming years, according to Devin Ryan, managing director at JMP Securities. What Happened: In an interview with CNBC, Ryan emphasized that the evolving regulatory...
Trump Media & Technology Group Corp (NASDAQ:DJT) boasts an 82.88% gain over the past year. Yet recent months have tested the resolve of its bulls, with a 30.17% dip over six months and a 9.45% slide in the last month. The Truth Social parent company is now exploring a...
Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin (CRYPTO: BTC). What Happened: In an appearance on Squawk Box, Hones announced a loan that blends a 63-unit multi-family property in Philadelphia...
President-elect Donald Trump’s transition team is reportedly set to implement the establishment of a national Strategic Bitcoin Reserve (SBR). At the center of this development is the formation of a crypto advisory council to revise US policy on digital assets, as Reuters reports. Major crypto companies are vying for...
U.S. stocks traded higher this morning, with the Dow Jones index gaining by more than 300 points on Friday. Following the market opening Friday, the Dow traded up 0.72% to 44,184.62 while the NASDAQ rose 0.07% to 18,985.33. The S&P 500 also rose, gaining, 0.35% to 5,969.29. Check This...