Crypto Posts Drive Stocks, Bitcoin Turns 16: Markets Report
Crypto-friendly billionaire Elon Musk is known for his mysterious social media posts. This time, his online activity led to a massive pump-and-dump of cryptocurrencies.
The year 2024 marked a historic milestone as the Dow Jones, Nasdaq and S&P 500 indices reached new highs, fueled by the boom in artificial intelligence and major shifts in the economic and political landscape.
Although there isn’t any real news, Unity Software (Sh) The stock went on a tear Thursday morning. This appears to be a result of the latest tweet from Keith Gill, an investor also known as “Roaring Kitty.”
The price of Bitcoin made history in 2024, and if a recent report is to be believed, the flagship cryptocurrency could reach $150,000 in the first half of 2025 and potentially reach $185,000 by the fourth quarter.
As the year 2024 is coming to an end, investors are taking advantage of cryptocurrencies, and making profits. While such a sell-off was expected at the end of the year, the trend may change with the arrival of 2025. The inauguration of crypto-friendly leader Donald Trump as the new US president is likely to spark new optimism among market participants.
Bitcoin is now 16 years old!
Satoshi Nakamoto, the name used by the creator(s) of Bitcoin, mined the first Bitcoin block on January 3, 2009.Genesis“The block was followed by the release of A Bitcoin worksheet on October 31, 2008, which laid the foundation for the now leading cryptocurrency.
The Dow Jones fell more than 400 points on Monday with lighter trading volumes expected in the final days of 2024. The market saw a wave of profit-taking, especially in the technology sector.
It’s the New Year and many Americans are thinking about how to prepare financially for 2025, with cautious optimism about the year ahead.
A WalletHub Survey It found that about 2 in 3 people think 2025 will be a better year for them financially than 2024, but that doesn’t mean they’re ready to spend right away.
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