Category: Bitcoin

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Bitcoin Cryptocurrency Investment Cryptocurrency news

Is it profitable to invest in US stocks?

Investing in U.S. stocks can be profitable, but like all investments, it comes with risks and depends on various factors. Here are some points to consider:

Potential Benefits:

  1. Historical Performance: U.S. stock markets, particularly indices like the S&P 500, have historically delivered strong returns over the long term.
  2. Diversification: Investing in U.S. stocks can diversify a portfolio geographically, reducing risk.
  3. Market Size and Liquidity: The U.S. has one of the largest and most liquid stock markets in the world, making it easier to buy and sell shares.
  4. Economic Stability: The U.S. economy is large and diverse, providing a stable environment for investments.
  5. Innovation and Growth: Many of the world’s leading companies, especially in technology and healthcare, are based in the U.S.

Potential Risks:

  1. Market Volatility: Stock markets can be volatile, with prices fluctuating significantly in the short term.
  2. Currency Risk: For non-U.S. investors, currency exchange rates can impact returns. If the U.S. dollar weakens against the investor’s home currency, it can reduce returns.
  3. Economic and Political Risks: Economic downturns, changes in government policies, and geopolitical tensions can affect the U.S. market.
  4. Valuation Risks: Some U.S. stocks, especially in high-growth sectors, can be overvalued, leading to potential corrections.

Key Considerations:

  • Research and Due Diligence: Investigate individual companies and sectors to understand their performance and potential risks.
  • Long-term Perspective: Investing with a long-term horizon can help ride out short-term volatility.
  • Diversification: Avoid putting all your funds into a single stock or sector to mitigate risk.
  • Professional Advice: Consider consulting a financial advisor to tailor investment strategies to your specific goals and risk tolerance.

While U.S. stocks have the potential to be profitable, it’s crucial to balance the potential for high returns with the risks involved.

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Bitcoin Cryptocurrency news

How can I start trading in Nasdaq?

Starting to trade on the Nasdaq involves several steps, from understanding the basics of stock trading to choosing the right brokerage account and executing trades. Here’s a step-by-step guide to help you get started:

1. Learn the Basics of Stock Trading

  • Understand Stock Markets: Learn about how stock markets work, including what Nasdaq is and how it operates.
  • Stock Market Terminology: Familiarize yourself with common terms like stocks, ETFs, dividends, market orders, limit orders, etc.
  • Types of Stocks: Understand the difference between common stocks, preferred stocks, and other investment instruments.

2. Set Your Financial Goals

  • Determine your investment goals, risk tolerance, and time horizon.
  • Decide how much money you can afford to invest.

3. Choose a Brokerage Account

  • Research Brokerages: Look for brokers that offer access to the Nasdaq and compare their fees, features, and user reviews. Some popular brokerages include:
    • TD Ameritrade
    • Charles Schwab
    • E*TRADE
    • Robinhood
    • Fidelity
  • Open an Account: Complete the application process, which typically involves providing personal information and verifying your identity.

4. Fund Your Account

  • Deposit Money: Transfer funds from your bank account to your brokerage account. Most brokers offer multiple funding options, including bank transfers, wire transfers, and checks.

5. Develop a Trading Strategy

  • Research and Analysis: Use fundamental analysis (evaluating a company’s financial health, performance, and market conditions) and technical analysis (using charts and indicators to predict stock movements) to make informed decisions.
  • Plan Your Trades: Determine entry and exit points, set stop-loss orders to limit potential losses, and decide on the size of your trades.

6. Start Trading

  • Place Your Orders: Use your brokerage platform to place buy or sell orders. Choose between different order types:
    • Market Order: Executes immediately at the current market price.
    • Limit Order: Executes only at a specified price or better.
    • Stop Order: Executes once the stock reaches a certain price.
  • Monitor Your Investments: Keep an eye on your portfolio and make adjustments as needed based on market conditions and your investment goals.

7. Stay Informed

  • Market News: Follow financial news and trends to stay updated on factors that may impact your investments.
  • Educational Resources: Utilize educational resources provided by your brokerage, such as webinars, articles, and tutorials.

8. Review and Adjust Your Portfolio

  • Regularly review your investment performance and adjust your strategy as needed to align with your goals and market conditions.

Additional Tips:

  • Start Small: If you’re new to trading, consider starting with a small amount of money to get comfortable with the process.
  • Diversify: Don’t put all your money into one stock. Diversifying your investments can help spread risk.
  • Stay Disciplined: Stick to your trading plan and avoid making impulsive decisions based on short-term market fluctuations.

By following these steps, you can begin trading on the Nasdaq and work towards achieving your investment goals.

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Bitcoin Bitcoin ETF

Bitcoin price reaches US$69000; Will it soon surpass $76,000?

Bitcoin price added another 10% upward move to the rally this week, jumping from $65,860 to $71,979, but has consolidated in the $68,500 to $70,000 range since hitting the local high. The cryptocurrency market, especially altcoins, witnessed huge volatility as investors awaited the US SEC’s decision on the Ethereum spot ETF.

The week ended strong for Bitcoin and altcoins when the SEC approved the Ether spot ETF, but will this trigger a BTC price rally to a new all-time high?

BTC Price Action Sparks New ATH Speculation
Important week for cryptocurrencies

Bitcoin’s price action this week has sparked fresh speculation about all-time highs among investors. This week was marked by several critical moments: the House approved FIT21 for cryptocurrency regulation and the anti-CBDC bill that prohibits the Federal Reserve from issuing CBDC, approving Ether spot ETFs, and purchasing Bitcoin ETFs counted after outflows from capital in previous weeks.

Headwinds for Bitcoin’s new all-time high

Cryptocurrency market sentiment increased from 70 (greed) to 76 (extreme greed). However, headwinds still remain for the Bitcoin price to reach a new all-time high. In the short term, macroeconomic events such as US PCE inflation data and the May 31 cryptocurrency market expiration are the main obstacles to the current recovery in Bitcoin prices.

Bitcoin is holding firm above the key $66,000 support level after cooling US CPI inflation caused a breakout in the BTC price in mid-May. BTC also experienced a breakout of the 2-month trendline this week, prompting long trades.

Meanwhile, more than 65,687 BTC options with a face value of $4.54 billion are about to expire, with a put/call ratio of 0.57. The maximum critical point is $65,000, indicating high probabilities of Bitcoin liquidation after days of low trading volumes. Implied volatility (IV) shows significant dips in all key terms, meaning volatile price movements could likely cause a pullback in the price of BTC.

Analyst BTC Predictions

Crypto analysts are optimistic about the price of BTC reaching at least $100K this year, with rate cuts from the US Federal Reserve and other central banks being the main reasons behind this. Federal Reserve Chairman Jerome Powell has reaffirmed confidence in three rate cuts and dismissed concerns about stagflation in recent speeches.

Analyst Caleb Franzen said: “Bitcoin has certainly formed a new base.” After recording lower lows for weeks, it reached higher lows for 3 weeks. He also added that this bullish structure coincides with the 30-day Williams %R signal as overbought signals are bullish.

Whales are buying the dip as a new buying trend appears for BTC price. On-chain data from IntoTheBlock indicates that whale addresses have been the top accumulators, generating $1.4 billion worth of BTC in their balances. As prices fell below $67,000, whales accumulated more BTC.

Will BTC Price Reach $76,000 Soon?

BTC price is up 1% in the last 24 hours and the price is currently trading near $69,000. The 24-hour low and high are $68,343 and $69,579, respectively. Furthermore, trading volume has decreased by 50% in the last 24 hours, indicating a drop in interest among traders. Therefore, buying pressure is low amid a long holiday as the US market is closed on Monday for Memorial Day.

Bitcoin futures and options data indicates that buying and selling are almost balanced over the past 24 hours, as total BTC futures and options open interest has fallen over the past few hours. Traders expect low trading volumes in the coming days due to holidays and other factors.

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Bitcoin Bitcoin Investment Cryptocurrency news

Grayscale Increases Institutional Crypto Investment Options with NEAR and STX Trusts

Crypto asset manager and spot Bitcoin exchange-traded fund (ETF) issuer Grayscale has expanded its offering with the launch of two new investment funds.

These funds, called Grayscale Near (NEAR) Trust and Grayscale Stacks (STX) Trust, aim to provide institutional investors with diversified exposure to cryptocurrencies as the company continues to meet growing demand for crypto asset investment products.

Shades of gray point to blockchain scalability

Rayhaneh Sharif-Askary, Director of Product and Research at Grayscale, highlighted the company’s commitment to launching new products that allow investors to access “emerging segments” of the crypto ecosystem.

According to Thursday’s announcement, by addressing blockchain scalability challenges, Near Trust and Stacks Trust are expected to drive greater adoption of cryptocurrencies and contribute to the advancement of the entire crypto ecosystem.

Both trusts are now available for daily subscription to qualified individual and accredited institutional investors. Like existing Grayscale single-asset investment funds such as Grayscale Bitcoin Trust (GBTC), Near Trust and Stacks Trust are among the first investment products to focus exclusively on the underlying Near Protocol and Stacks Bitcoin Layer 2 tokens ( L2). .

Grayscale seeks to list shares of these new products on a secondary market, but the manager emphasizes that success is not guaranteed due to several factors, including regulatory considerations from organizations such as the United States Securities and Exchange Commission (SEC) and the Financial Authority Industry Regulator (FINRA).

Capital Outflows Amid Growing Demand for Bitcoin ETFs

In addition to launching the new investment funds, Grayscale recently announced the appointment of Peter Mintzberg as its new CEO, effective August 15, 2024, replacing Michael Sonnenshein.

Grayscale has played an important role in the US spot ETF landscape, witnessing continued capital outflows since trading began in January. However, US Bitcoin spot ETFs recorded a net inflow of $153.9 million on May 22, marking an eight-day growth streak.

In contrast, GBTC experienced capital outflows for the first time in over a week, losing $16.09 million and restarting its outflow streak.

As the asset manager introduces Near Trust and Stacks Trust, institutional investors now have additional options for diversified crypto exposure. However, investors should be aware of the risks associated with investing in such products, including regulatory uncertainties and possible deviations in share values.

At the time of writing, STX is trading at $1.99, indicating a drop in value of over 4% in the last 24 hours.

This price drop is in line with a broader correction seen in Bitcoin and other major cryptocurrencies following a significant increase in the first trading days of the week. Likewise, NEAR is currently trading at $7.56, reflecting a 3.4% drop compared to yesterday’s price.

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Bitcoin cryptocurrency exchange Retirement

What is the best retirement plan in the United States?

The “best” retirement plan in the United States can vary depending on individual circumstances, financial goals, and employment situation. Here are some of the most popular retirement plans, each with its own advantages:

1. 401(k) Plans

  • Employer-Sponsored: Offered by many employers, allowing employees to save and invest a portion of their paycheck before taxes are taken out.
  • Tax Benefits: Contributions are made pre-tax, reducing taxable income. Earnings grow tax-deferred until withdrawal.
  • Employer Match: Many employers match contributions up to a certain percentage, which is essentially free money.
  • Contribution Limits: For 2024, the limit is $22,500, with an additional catch-up contribution of $7,500 for those aged 50 and over.

2. Roth 401(k)

  • After-Tax Contributions: Contributions are made with after-tax dollars, so withdrawals are tax-free in retirement.
  • Employer Match: Similar to traditional 401(k) plans, many employers offer matching contributions.
  • Tax-Free Growth: Since contributions are made after tax, both the contributions and the earnings can be withdrawn tax-free in retirement.

3. Individual Retirement Accounts (IRAs)

  • Traditional IRA: Contributions may be tax-deductible, and earnings grow tax-deferred until withdrawal. The contribution limit for 2024 is $6,500, with an additional $1,000 catch-up for those 50 and older.
  • Roth IRA: Contributions are made with after-tax dollars, but withdrawals are tax-free. The contribution limit is the same as for Traditional IRAs, but eligibility is subject to income limits.
  • Flexibility: IRAs offer a wider range of investment options compared to employer-sponsored plans.

4. SEP IRA (Simplified Employee Pension)

  • For Small Business Owners and Self-Employed: Allows for contributions to be made to an IRA set up for each employee.
  • High Contribution Limits: For 2024, the contribution limit is the lesser of 25% of the employee’s compensation or $66,000.
  • Tax Benefits: Contributions are tax-deductible, and earnings grow tax-deferred.

5. SIMPLE IRA (Savings Incentive Match Plan for Employees)

  • For Small Businesses: Easier and less costly to administer than a 401(k).
  • Employer Contributions: Employers are required to either match employee contributions up to 3% of compensation or make a 2% non-elective contribution for each eligible employee.
  • Contribution Limits: For 2024, employees can contribute up to $15,500, with an additional $3,500 catch-up contribution for those aged 50 and over.

6. 403(b) Plans

  • For Non-Profit Employees: Similar to 401(k) plans but designed for employees of public schools and certain tax-exempt organizations.
  • Tax Benefits: Contributions are pre-tax, reducing taxable income, and earnings grow tax-deferred.
  • Contribution Limits: Similar to 401(k) plans, with the same contribution limits.

Choosing the Best Plan

  • Employer Match: If your employer offers a matching contribution, contributing enough to get the full match is often a priority as it’s essentially free money.
  • Tax Considerations: Consider whether you prefer tax-deferred growth now (traditional plans) or tax-free withdrawals in retirement (Roth plans).
  • Investment Options: Some plans offer more diverse investment options than others.
  • Contribution Limits: Higher limits allow for more significant retirement savings.
  • Flexibility: IRAs provide more investment flexibility compared to employer-sponsored plans.

Ultimately, the best retirement plan is one that aligns with your financial goals, offers the most benefits for your situation, and provides a structure that you can consistently contribute to. Consulting with a financial advisor can also help tailor a retirement strategy to your specific needs.