Stock Market logoStock Market Station

All the stock market news, every minute updated!

24 September 2021
18:13 hour

Bitcoin Falls To End Volatile Week

INO.com

21/05/2021 - 20:54

Bitcoin and the cryptocurrency market overall are heading into the weekend down after a volatile week. Bitcoin will end the week down roughly -23% as I write this article after China released a statement stating that it is necessary to "crackdown on Bitcoin mining and trading behavior, and resolutely prevent the transmission of individual risks […] The post Bitcoin Falls To End Volatile Week appeared first on INO.com Trader's Blog.


READ THE FULL ARTICLE ON INO.COM

Related headlines:

  1. Why does Bitcoin go up almost 7% in a week but BIT Digital which is a Bitcoin Mining company goes down 9% same week? Isn't their Market Cap somewhat tied to price of bitcoin, being since they mine and Hold loads of Bitcoin? Is this because of a short (23/08/2021 - Reddit Stock Market)
      submitted by   /u/PoontoniusJigabrewha [link]   [comments]
    [visit article]
  2. : The world’s best chess players are competing for bitcoin. The prize pot is volatile. (25/05/2021 - Market Watch)
    When the world’s best chess players face off this week they won’t just be checking their opponents. They’ll also be checking the price of bitcoin.
    [visit article]
  3. Stock Market Rallies To End Volatile Week (23/04/2021 - INO.com)
    The stock market rebounded Friday after what was a volatile week for the market. Why all the volatility? It came from multiple news reports Thursday afternoon that President Joe Biden is slated to propose much higher capital gains taxes for the rich. That news sent stocks plummeting, with the DOW falling as much as 460 […] The post Stock Market Rallies To End Volatile Week appeared first on INO.com Trader's Blog.
    [visit article]
  4. Stocks Finish Volatile Week On High Note (26/03/2021 - INO.com)
    Stocks soared on Friday, finishing the volatile week on a high note, having their best day in more than two weeks. The DOW closed 453.40 points higher or +1.4%, to 33,072.88. The S&P 500 rose +1.7% to 3,974.54, hitting a record closing high, and the NASDAQ erased a -0.8% loss to end the session +1.2% […] The post Stocks Finish Volatile Week On High Note appeared first on INO.com Trader's Blog.
    [visit article]
  5. Cryptos: Bitcoin slips below $30,000 ‘key support’ as stock market rebound leaves cryptos behind (20/07/2021 - Market Watch)
    Bitcoin, the world's most popular crypto asset, falls below the $30,000 level --- seen as an important technical threshold.
    [visit article]
  6. Bitcoin tanks 14% in 24 hours, falls below $40,000 mark as sell-off continues (19/05/2021 - Financial Express)
    Bitcoin continued to plummet on Tuesday morning, falling below the $40,000 mark and extending losses to 14% in the last 24 hours.
    [visit article]
  7. Bitcoin mania: Crypto king’s price surges to two-week high; tops $54,000 following US stimulus package (09/03/2021 - Financial Express)
    Institutional investors too have been upbeat about bitcoin. Recently Norwegian conglomerate, Aker ASA engaged in offshore fishing, construction, and engineering had announced its plans to induct bitcoin into its business operations.
    [visit article]
  8. Cryptos: Should I buy bitcoin? Why the cryptocurrency is on the verge of a bear market (23/02/2021 - Market Watch)
    Bitcoin is on the brink of entering a bear market in recent trade as the volatile crypto asset is experiencing a double-digit plunge over the past 24-hour period.
    [visit article]
  9. Cryptos: Should I buy bitcoin? Why the cryptocurrency is on the verge of a bear market (23/02/2021 - Market Watch)
    Bitcoin is on the brink of entering a bear market in recent trade as the volatile crypto asset is experiencing a double-digit plunge over the past 24-hour period.
    [visit article]
  10. Grayscale Bitcoin Trust edges higher with Bitcoin, but still down on the week (22/09/2021 - Seeking Alpha)

    [visit article]
  11. Rakesh Jhunjhunwala rubbishes Bitcoin, says only sovereign has right to create currency (27/02/2021 - Financial Express)
    Bitcoin is now nearing 6x growth from over $10,000-mark in early September last year. It had peaked to $40,000 level during the second week of January this year before slipping back to the $30,000-mark towards the end of the third week of January.
    [visit article]
  12. Bitcoin falls 8.9% to $34,156 (23/05/2021 - Investing.com)

    [visit article]
  13. Bitcoin falls 5.84% to $43,418 (28/02/2021 - Investing.com)

    [visit article]
  14. Bitcoin falls 1.8% to $50,270 (24/04/2021 - Investing.com)

    [visit article]
  15. Bitcoin falls 7.7% to $55,408 (18/04/2021 - Investing.com)

    [visit article]
  16. Bitcoin falls 1.8% to $60,077.32 (14/03/2021 - Investing.com)

    [visit article]
  17. Bitcoin falls 5.71% To $35,210 (12/06/2021 - Investing.com)

    [visit article]
  18. Bitcoin Falls 10% In Selloff (17/05/2021 - Investing.com)

    [visit article]
  19. Bitcoin falls 10% to $33,747, ether down 14% (23/05/2021 - Investing.com)

    [visit article]
  20. Bitcoin Falls 10% In Rout (23/04/2021 - Investing.com)

    [visit article]
  21. Bitcoin Falls 10% In Rout (26/06/2021 - Investing.com)

    [visit article]
  22. Bitcoin Falls 10% In Rout (21/05/2021 - Investing.com)

    [visit article]
  23. Bitcoin Falls 11% In Selloff (07/09/2021 - Investing.com)

    [visit article]
  24. Bitcoin falls 5.2% to $33,849, Ether down 6.3% (29/05/2021 - Investing.com)

    [visit article]
  25. Bitcoin Nears Trigger, AAPL Set To Rally (12/04/2021 - INO.com)
    A sleepless Bitcoin moves accurately as per the plan posted last week. The majority of you agreed that the $80k target is achievable for the leading coin. Here is an updated chart below where I zoomed in to a 4-hour time frame to share more details with you. As I said before, Bitcoin's chart structure […] The post Bitcoin Nears Trigger, AAPL Set To Rally appeared first on INO.com Trader's Blog.
    [visit article]
  26. Need to Know: Forget bitcoin’s weekend slump. Watch these 2 key levels for what happens next, strategist says. (19/04/2021 - Market Watch)
    U.S. stocks may be set for a subdued start to a week of big earnings, but bitcoin and other cryptocurrencies have been far from quiet.
    [visit article]
  27. Need to Know: Forget bitcoin’s weekend slump. Watch these 2 key levels for what happens next, strategist says. (19/04/2021 - Market Watch)
    U.S. stocks may be set for a subdued start to a week of big earnings, but bitcoin and other cryptocurrencies have been far from quiet.
    [visit article]
  28. NewsWatch: Bitcoin falls as Turkey bans cryptocurrency payments (16/04/2021 - Market Watch)
    Bitcoin fell early on Friday, after Turkey’s central bank decided to ban cryptocurrency payments from the end of the month.
    [visit article]
  29. Cryptos: Bitcoin falls as Turkey bans cryptocurrency payments (16/04/2021 - Market Watch)
    Bitcoin fell early on Friday, after Turkey’s central bank decided to ban cryptocurrency payments from the end of the month.
    [visit article]
  30. NewsWatch: Forget bitcoin’s weekend slump. Watch these 2 key levels for what happens next, strategist says. (19/04/2021 - Market Watch)
    U.S. stocks may be set for a subdued start to a week of big earnings, but bitcoin and other cryptocurrencies have been far from quiet.
    [visit article]
  31. Bitcoin Falls 10% In Bearish Trade (18/04/2021 - Investing.com)

    [visit article]
  32. Bitcoin Falls 10% In Bearish Trade (23/05/2021 - Investing.com)

    [visit article]
  33. Need to Know: It could be a big week for bitcoin. Here’s what could decide it, says strategist (02/08/2021 - Market Watch)
    August is starting out promising for some investors, with global stocks on the rise. Bitcoin has also stirred to life. Here's what our call of the day sees ahead for the crypto.
    [visit article]
  34. NewsWatch: It could be a big week for bitcoin. Here’s what could decide it, says strategist (02/08/2021 - Market Watch)
    August is starting out promising for some investors, with global stocks on the rise. Bitcoin has also stirred to life. Here's what our call of the day sees ahead for the crypto.
    [visit article]
  35. Bitcoin falls hard through $50K as selloff picks up steam (22/02/2021 - Seeking Alpha)

    [visit article]
  36. Grayscale Bitcoin premium rebounds as BTC price falls below $35K — What does it mean? (29/05/2021 - Investing.com)

    [visit article]
  37. Bulls hesitate to buy the dip after Bitcoin price falls close to $35K (20/06/2021 - Investing.com)

    [visit article]
  38. Bitcoin hits 3-month trading low today and falls below $45,000 (17/05/2021 - Seeking Alpha)

    [visit article]
  39. Bitcoin falls back sharply after weekend record (15/03/2021 - Investing.com)

    [visit article]
  40. Crypto: Bitcoin could collapse and isn’t ‘a good safeguard of value,’ warn global central bankers (09/09/2021 - Market Watch)
    It's a historic week for bitcoin, but that hasn't stopped global central bankers from issuing a round of warnings about the utility and inherent volatility of crypto such as bitcoin.
    [visit article]
  41. Ethereum bolstered by network upgrade, inflows, Bitcoin falls behind (31/08/2021 - Seeking Alpha)

    [visit article]
  42. Bitcoin falls through $30K; can Elon Musk bail out the bulls tomorrow? (20/07/2021 - Seeking Alpha)

    [visit article]
  43. Bitcoin falls to $50K after Biden floats doubling capital gains tax (22/04/2021 - Seeking Alpha)

    [visit article]
  44. Dow Jones, S&P end week up; Nasdaq falls for third week despite Friday rally (07/05/2021 - Seeking Alpha)

    [visit article]
  45. Need to Know: How bitcoin is like Tesla and here to stay, but will feel volatility from this unique effect, says Deutsche Bank (18/03/2021 - Market Watch)
    The past week has been another blockbuster for bitcoin: The cryptocurrency cleared the $60,000 milestone over last weekend and has been bolstered by news from major banks.
    [visit article]
  46. The ARB share price has crashed 20% in a week. Is this a buying opportunity? (08/06/2021 - The Motley Fool UK)
    We’re only eight days into June and Argo Blockchain (LSE: ARB) shares have already fallen 20%. And since a 2021 peak of 360p, we’re looking at a 65% fall. Am I looking at rat poison here, or have I been handed an unmissable buying opportunity? After all, the ARB share price is up 2,800% over the past 12 months, so some investors have struck it rich. There’s clearly one big driver of the Argo Blockchain share price, and it’s the price of Bitcoin (and other cryptocurrencies). That’s very volatile, and has been in a bit of a slump. At the time of writing, the price of one Bitcoin has dropped to $33,000. Folks who bought some a few years ago are very much in the money. But, right now, those who bought at this year’s all-time high of over $63,000 are looking at a big loss. In turn, the big driver of Bitcoin seems to be celebrity comments. Crypto prices have famously been hanging on Elon Musk’s every tweet in recent months. And the latest big name to talk it down is Donald Trump. In the week that we heard of El Salvador’s plan to make cryptocurrency legal tender, the ex-president has called Bitcoin a scam. He told Fox Business he doesn’t like it “because it’s another currency competing against the dollar.” Understandable volatility With the value of Bitcoin so volatile and hanging on the latest headline, I’m not at all surprised that the ARB share price is also so volatile. But could Argo Blockchain actually be a good way to play the cryptocurrency market? In a way, yes, I think it could. It’s similar to the way I might buy a gold miner but I would never buy gold. Wherever Bitcoin goes, providing Argo can mine it for a lower cost, it can make a profit. And right now, it looks like Argo can mine the stuff for a lot less than the market price. Argo’s latest update told us the company mined 166 Bitcoin or Bitcoin equivalent (BTC) in May. That brings the year-to-date total to 716 BTC. Mining revenue for May came in at £5.51m. That’s down from April’s £6.7m, as prices have declined. But here’s the profitability thing — Argo achieved an average mining margin of 82%. ARB share price valuation At the end of May, Argo held 1,108 BTC. At today’s price, that’s worth approximately $36.6m, or £25.8m. And what’s the valuation of the company? Argo Blockchain’s current market capitalisation stands at £486m. So investors are paying almost 19 times the value of the underlying Bitcoin assets when they buy Argo shares at today’s share price. On a trailing basis, Argo shares command a P/E of 318. That’s huge. Admittedly, though, I do expect it to fall this year as profits are on the up. But will earnings growth push the valuation down to something I see as reasonable? I very much doubt it. So, I can see the value in the Argo business model. And, just like gold miners, it can be a profitable business. It’s just that I rate the ARB share price as way too risky, with little safety margin, even after recent falls. No, it will never be one for me. One FTSE “Snowball Stock” With Runaway Revenues Looking for new share ideas? Grab this FREE report now. Inside, you discover one FTSE company with a runaway snowball of profits. From 2015-2019… Revenues increased 38.6%. Its net income went up 19.7 times! Since 2012, revenues from regular users have almost DOUBLED The opportunity here really is astounding. In fact, one of its own board members recently snapped up 25,000 shares using their own money… So why sit on the side lines a minute longer? You could have the full details on this company right now. Grab your free report – while it’s online. More reading 3 high-profile UK shares I’m avoiding Where will the Argo Blockchain share price go in June? Should I buy Argo Blockchain as the Bitcoin price rebounds? The Argo Blockchain share price crash: should I buy the stock now? What I’d do about the Argo Blockchain share price Alan Oscroft has no position in any of the shares mentioned. The Motley Fool UK has no position in any of the shares mentioned. Views expressed on the companies mentioned in this article are those of the writer and therefore may differ from the official recommendations we make in our subscription services such as Share Advisor, Hidden Winners and Pro. Here at The Motley Fool we believe that considering a diverse range of insights makes us better investors. The post The ARB share price has crashed 20% in a week. Is this a buying opportunity? appeared first on The Motley Fool UK.
    [visit article]
  47. Bitcoin: Make It Or Break It (09/05/2021 - INO.com)
    One of our readers requested the update on cryptos, including Ethereum, this week. Here we go. The leading coin has taught us excellent lessons recently. I shared with you a bullish setup for Bitcoin a month ago. In the following update, I recommended to move the stop loss higher from $50k to $55k area to […] The post Bitcoin: Make It Or Break It appeared first on INO.com Trader's Blog.
    [visit article]
  48. Dow, S&P close week higher; Nasdaq falls for second week in a row (26/03/2021 - Seeking Alpha)

    [visit article]
  49. Bitcoin falls again as China renews calls to crack down on mining, trading (21/05/2021 - Seeking Alpha)

    [visit article]

For more information mailto [email protected]. Disclaimer.