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The latest rally in meme stocks has given AMC Entertainment and GameStop the biggest and third-largest market capitalizations among companies in the Russell 2000 index of small companies. The Russell indexes' annual reconstitution is coming up next week, so investors have been wondering it the pair might graduate into the large-cap Russell 1000 .
Were traders on the WallStreetBets subreddit right about GameStop (NYSE:GME) after all?
MarketWatch FUD media wrote: Could insider sales of meme stocks signal a coming crash in their share price? The empirical research suggests the answer is yes.
Elon Musk's repeated criticisms of bitcoin (BTC-USD) appear to have come at a cost — at least when you look at how people are feeling about him on Twitter.
Opinion: In a few days, bitcoin up to $ 16,000.
Bitcoin started the week with a positive move. At the time of writing the news, cryptocurrency is trading at $ 8,248, which is equivalent to a daily growth of 3.42%. All assets from the top 10 CoinMarketCap resource capitalization ratings, with the exception of the Tether stablecoin, are growing in value.
Bitcoin started the week with a positive move. At the time of writing, BTC is trading at $ 8,248, which is equivalent to a daily growth of 3.42%. All assets from the top 10 CoinMarketCap are growing in value.
It is noteworthy that BTC has been in lateral movement for an extended period of time. The latter was preceded by a fall caused, according to a number of participants in the crypto community, unjustified expectations from the launch of the Bakkt crypto platform.
A long-term side view, from the point of view of technical analysis, can be considered as a period of accumulation of bitcoin energy to enter active movement. Against the background of the uncertainty about the direction of the further course of BTC, users continue to analyze the current position of the cryptocurrency.
Participants of the crypto community drew attention to the presence of divergence (discrepancies in the direction of the asset's course with the indicators of its indicators). A similar situation, in the case of a downward movement of the BTC price, indicates a possible exit to growth.
However, many users agreed with the forecast that BTC will be able to reach the level of $ 16 thousand in a few days. The assumption is based on a prediction of the further movement of the asset rate, published by a member of the crypto community under the nickname ezbrah. Previously, the user has repeatedly managed to correctly predict the behavior of the rate of the most capitalized cryptocurrency
In favor of the growth of bitcoin, a gradual decrease in the number of not mined BTC also speaks. Trader and analyst Alex Krueger compared the graphs of the most capitalized cryptocurrencies with gold, based on their available volume per capita.
Cryptanalyst, under the nickname CryptoWelson, drew the attention of users to a significant increase in the rate of BTC over the past decade.
“Exactly ten years ago on that day 5050 BTC were sold for $ 5.02, as part of the first market transaction with bitcoin. Today, the value of the transferred assets is estimated at $ 42,171,792.50, which is equivalent to an increase of 838.078.685%, ”the analyst wrote in his microblog.