Tesla stock bleeds, recession fears — and Bitcoin $200,000: Markets news roundup
Economists are sounding the alarm over the threat of a recession in the U.S. as uncertainty reigns over tariffs and the job market begins to feel pressure from layoffs.
1 Tech Stock With More Potential Than Any Cryptocurrency
Strategy has outperformed every other company in the S&P 500 since August 2020. As seen in the chart, even tech superstar Nvidia (NASDAQ: NVDA), up a staggering 855%, has been unable to keep up with Strategy. Strategy's impressive gains, of course, have coincided with its decision to embark on a massive Bitcoin buying binge that started in August 2020.
Polymarket traders see less than 1% chance of Bitcoin reaching $200K
Polymarket traders are betting against Bitcoin reaching $200,000 by March 31, with odds falling below 1%.
SOL, XRP Zoom 5% Higher as Bitcoin Grapples With $84K Level
XRP rose 5% following a strong week for closely-related Ripple Labs, which bagged a payments license in the UAE and, per sources, is said to be on track for a close of its long-running court case against the U.S. Securities and Exchange Commission.
Wall Street’s largest $3 trillion bank says crypto has 'increased competition'
Goldman Sachs, an American multinational bank, has acknowledged cryptocurrencies for the first time in its annual shareholder letter. While skeptical of crypto, the firm has raised its Bitcoin investment by 15%.
China to crack down on stock market fake news as AI spurs misinformation, says state media
China's securities watchdog will step up monitoring fake information in the stock market and work with the police and cyberspace regulators to crack down on those who disseminate false news, which is being made easier by AI, official media reported on Saturday. Regulators will "hit early, hit hard, and hit at the heart" of the issue, the Securities Times said. Artificial intelligence has become a new tool for creating and spreading misleading information to con investors or manipulate stocks, luring investors with the prospect of getting rich quickly, the Shanghai Securities News said in a separate article.
Plummeting stock, boycotts and flagging sales: What’s fueling turmoil for Tesla?
Flagging global sales and Elon Musk’s increasingly outspoken political activities are combining to rock the value of Tesla.
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Winklevoss twins’ Gemini sets Guinness World record with 1,000-drone Bitcoin show
In Austin, Texas, Gemini set a Guinness World Record for the largest Bitcoin symbol ever created with drones.
Is the Strategic Bitcoin Reserve Really Going to Send Bitcoin Skyrocketing in Value? (The Answer Might Surprise You)
On the surface, the newly announced Strategic Bitcoin Reserve sounds like the perfect catalyst for sending Bitcoin (CRYPTO: BTC) higher for years to come. In fact, in the days following the official announcement of the Strategic Bitcoin Reserve, the price of Bitcoin actually fell. The first thing that you need to know is that many crypto market participants found the official announcement of the Strategic Bitcoin Reserve underwhelming at best.