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Market Analysis

Read more about the article Dogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence

Dogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

Meme coins and tokens like Dogecoin and Shiba Inu ruled much of the conversation around the early-year crypto market boom—but when the market spiraled in May, their respective prices fell…

Continue ReadingDogecoin, Shiba Inu Post Big Weekly Gains in Meme Coin Resurgence
Read more about the article Shark Tank’s ‘Mr. Wonderful’ Shills Ethereum as ‘Ultra-Sound Money’ After EIP-1559

Shark Tank’s ‘Mr. Wonderful’ Shills Ethereum as ‘Ultra-Sound Money’ After EIP-1559

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

Kevin O'Leary, the Canadian investor best known for his role as "Mr. Wonderful" on the reality competition show "Shark Tank," has made a U-turn on cryptocurrencies this year. He's now…

Continue ReadingShark Tank’s ‘Mr. Wonderful’ Shills Ethereum as ‘Ultra-Sound Money’ After EIP-1559
Read more about the article Bitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill

Bitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

The Senate rejected an amendment championed by the cryptocurrency industry that exempts non-custodial crypto actors from a crypto tax reporting requirement built into the $1 trillion infrastructure bill. The amendment…

Continue ReadingBitcoin Lobby Loses: Senate Rejects Revised Crypto Tax Provisions in Infrastructure Bill
Read more about the article Ethereum Pet Rock NFTs Are Selling for More Than $100,000

Ethereum Pet Rock NFTs Are Selling for More Than $100,000

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

Critics of NFTs call this year’s market boom a fad, or a short-lived bubble waiting to pop. Well, here’s a mash-up of a perceived fad with one of the best historical…

Continue ReadingEthereum Pet Rock NFTs Are Selling for More Than $100,000
Read more about the article US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey

US Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

The Federal Reserve Bank of New York published the Survey of Consumer Expectations report on Monday, which shows U.S. consumers are expecting short-term inflation levels to be higher than usual.…

Continue ReadingUS Consumers Expect Inflation to Continue Rising Sharply According to the Fed’s Latest Survey
Read more about the article Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

Gold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

The price of an ounce of gold dropped dramatically this week, slipping under the $1,700 handle to $1,688 per ounce on August 8. On Monday, gold regained some of the…

Continue ReadingGold Rebounds After Sunday’s Flash Crash — Price Slide Blamed on Thin Trading Conditions, Leverage, Covid
Read more about the article US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill

US Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill

  • Post author:Auto News Feed
  • Post published:August 10, 2021
  • Post category:Market News

Five U.S. senators have been working with the Treasury Department and have come up with a compromise crypto amendment to the $1.2 trillion infrastructure bill. “We’ve worked with the Treasury…

Continue ReadingUS Senators and Treasury Reach Agreement on Crypto Requirements in Infrastructure Bill
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