Bitcoin prices fluctuated considerably last week, dropping from nearly $ 53,000 on Monday, September 6th to less than $ 45,000 now, down almost 15%. In fact, within an hour of trading last Tuesday, cryptocurrencies have fallen by almost 10%. Other cryptocurrencies such as Ethereum and Dogecoin also saw a significant decline. The sold-out was astonishing, just as El Salvador adopted Bitcoin as its fiat currency. However, one possible explanation for the decline could be a broader sale across risky asset classes last week, with the S & P 500 down almost 2%.
Investors who want to make long-term profits from the adoption of cryptocurrencies without being exposed to this kind of volatility in cryptocurrency pricing should take a look at our indicator themes. Cryptocurrency stock This includes semiconductors, payments, and brokerage firms that are exposed to the cryptocurrency value chain. Themes have increased by about 25% year-to-date, compared to the S & P 500, which increased by about 19% over the same period. Among our themes, the leading graphics processor Nvidia is doing its best, with its inventory up 72% year-to-date. Meanwhile, Exchange Major’s CME Group has shown the worst performance on our theme, up about 4% over the same period.
[8/23/2021] Bitcoin has returned to $ 50,000, so consider these crypto stocks
Bitcoin prices are skyrocketing this year. From early January to mid-April 2021, the price of cryptocurrencies more than doubled to about $ 65,000, but due to the crackdown on Bitcoin in China, the price returned to just under $ 30,000 as of mid-July. I did. An increasingly hawkish stance on trading and the US Federal Reserve. However, the currency has recovered rapidly from its recent lows, rising about 65% from July 20th and is currently trading at around $ 50,000. The recent recovery is clearly driven by factors, including short cover, as well as signs that the US Securities and Exchange Commission is becoming more and more open to allowing Bitcoin exchange-traded funds.
Investors who want to enjoy the long-term benefits of cryptocurrencies without being exposed to the volatility and boom and bust cycle of cryptocurrency pricing Cryptocurrency stock This includes semiconductors, payments, and brokerage firms that are exposed to the cryptocurrency value chain. Themes have increased by about 24% year-to-date, compared to the S & P 500, which increased by about 19% over the same period. Within our theme, graphics processor giant Nvidia achieved its best performance, up 59% year-to-date, driven by strong demand for chips and recent stock splits. Meanwhile, Exchange Major’s CME Group has shown the worst performance on our theme, up about 9% over the same period.
[7/1/2021] Bitcoin price plunge
Bitcoin prices plummeted from about $ 62,000 in mid-April to about $ 34,000 as of Wednesday. The crypto bear market appears to be driven by a number of factors, including China’s crackdown on Bitcoin trading and mining and the unexpected reversal of Tesla’s decision to accept digital currencies as car payments. In addition, the Federal Reserve Board has become more and more hawkish after its mid-June meeting, showing that it can begin raising interest rates in 2023 instead of 2024. This may also put pressure on unproductive assets such as cryptocurrencies.
Currently, market sentiment towards crypto is clearly bearish in general, but cryptocurrencies could be one of the most destructive technologies of our time. Moreover, as institutional investors become more interested, they appear to be here to stay in the asset class. Investors who want to enjoy the long-term benefits of cryptocurrencies without being exposed to the volatility and boom and bust cycle of cryptocurrency pricing Cryptocurrency stock This includes semiconductors, payments, and brokerage firms that are exposed to the cryptocurrency value chain. The theme has increased by about 22% year-to-date compared to the Nasdaq-100, which returned about 15% over the same period. Within our theme, graphics processor giant Nvidia achieved its best performance, up 53% year-to-date, driven by strong demand for chips and planned stock splits. Meanwhile, processor giant Advanced Micro Devices is showing the worst performance, with inventories up about 2% this year.
[4/5/2021] Cryptographic stocks to see
Cryptocurrency prices have skyrocketed this year. As more institutional investors warm up to the currency, Bitcoin has almost doubled to a level of about $ 60,000 since the beginning of the year, indicating that companies such as Tesla will also accept Bitcoin payments from customers. I am. However, investing in Bitcoin and other cryptos is risky at the current level. The economic outlook is improving with a decline in Covid-19 and rising vaccination rates in the United States. Bond yields are also on the rise, with 10-year government bond yields rising from about 1% earlier this year to nearly 1.70% today. With this in mind, investors can return their money to the real economy sector, ultimately affecting unproductive assets such as Bitcoin.Themes that serve as our indicators Cryptocurrency stock It could be a safer way to play a long-term advantage from cryptocurrencies without taking a position in individual currencies. Themes that include semiconductors, payments, and brokerage firms exposed to the cryptocurrency value chain have risen about 122% since December 31, 2019, compared to about 24% for the S & P 500. Here are some recent trends in some stocks on our theme.
PayPal, a large online payment processor, allows customers to buy, hold and sell cryptocurrencies. The company took this one step further and launched the “Checkout with Crypto” service last week, allowing US customers to use their crypto holdings to pay millions of online merchants around the world.
Nvidia announced a few weeks ago that it would launch a GPU dedicated to cryptocurrency mining. Nvidia has experienced a shortage of game GPUs in the past because its game processor was used for cryptocurrency mining. The move could allow the company to better target cryptocurrency mining spaces while at the same time mitigating GPU shortages for gaming.
Derivatives exchange CME Group plans to launch new Microbitcoin futures in early May, subject to regulatory approval. Small-sized futures contracts are one-tenth the size of 1 Bitcoin and are aimed at institutional investors and sophisticated traders.
[3/16/2021] Cryptocurrency watching Bitcoin approach $ 55,000
Cryptocurrency prices have skyrocketed this year, with Bitcoin rising about 90% since early January and currently trading at a level of around $ 55,000. However, Bitcoin looks quite dangerous at the current level due to several factors. As the number of Covid-19 cases declines, the economic outlook is improving and bond yields are rising. With this in mind, investors are likely to begin returning money to the real economy sector, which could affect unproductive assets such as Bitcoin, which has rebounded significantly throughout the pandemic.Themes that serve as our indicators Cryptocurrency stock It could be a safer way to play a long-term advantage from cryptocurrencies without taking a position in individual currencies. Themes including semiconductors, …