Bloomberg Intelligence strategist Mike McGlone updated his Bitcoin outlook, warning that the cryptocurrency risks a significant price correction down to around $10,000. Despite stock markets hitting record highs, Bitcoin has struggled to maintain gains above $69,000, signaling a deflating speculative bubble. McGlone attributes past rallies to temporary artificial stimuli like cheap liquidity and regulatory optimism, both of which have now faded. With ETF inflows drying up and macroeconomic forces turning, Bitcoin's price may revert to its historical average from 2019-2020, pressured further by an oversupply of alternative tokens in the market.
SK Hynix has approved a $38 billion investment to build new memory fabrication plants. However, these new fabs are not expected to produce any chips before December 2028, indicating a long-term expansion plan. This move highlights SK Hynix's commitme...
A $500 monthly investment split across three ETFs—Vanguard S&P 500 ETF (VOO), Schwab U.S. Dividend Equity ETF (SCHD), and Invesco NASDAQ 100 ETF (QQQM)—leverages diversification, dividend reinvestment, and growth to build wealth over decades. VOO off...
Walmart reports earnings Thursday amid concerns that U.S. comparable sales may miss expectations, with Oppenheimer downgrading the stock due to slower growth in General Merchandise and Health & Wellness. Target and Home Depot earnings earlier in the ...
Ethereum is integrating Bitcoin-inspired UTXO structures with its existing account model to tackle blockchain scaling challenges. This hybrid approach could reduce Ethereum's permanent payment-state storage by 99.8%, shrinking it from over 100 GB to ...
Over the past decade, an investment of $10,000 in AMD grew to more than $700,000, significantly outperforming the S&P 500, which turned the same amount into about $42,000. This highlights AMD's exceptional growth and strong market performance compare...
