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Bitcoin’s price comes within a hair of $9,000 en route to its highest level in over a week. Bitcoin’s correlation to gold flips positive, according to Bloomberg. Fears of a coronavirus pandemic put a damper on stocks and other risk assets. Bitcoin launched toward $9,000 on Monday, as the spread of coronavirus forced investors to…
Jeff Bezos now holds a slim lead over Bill Gates after record holiday sales boosted Amazon. Amazon’s stock price is still below its 2018 high of $2050 though giving Bezos a chance at a more comfortable lead. The holiday sales boom came despite a shorter period for shoppers. After being the world’s second-richest person for…
The Dow recorded its fourth straight session gain. Last-minute Christmas shopping helped US retail sales set a single-day sales record. That bodes well for January’s economic data dump. The Dow Jones Industrial Average rose for a fourth consecutive day on Tuesday, as last-minute Christmas shoppers primed the US economy for a strong batch of retail…
Senegalese-American Akon offers his take on bitcoin during a radio show. | Source: REUTERS/Thomas MukoyaSinger Akon has rubbished the common perception that cryptocurrencies such as Bitcoin are too volatile. Per the U.S. musician, crypto enjoys more stability relative to fiat currencies.Speaking in a radio interview on the Breakfast Club, Akon defended the volatility that Bitcoin…
