MicroStrategy -27% as Magin Call Nears
MSTR opened at $150 per share, after closing at $202 on Friday. The reason is clear, the margin call for the company’s loans to buy Bitcoin is set to be around $21,000.
Bitcoin has had a terrible weekend plummeting by over 20% since Friday and going below $24k first time since 2020.
The market is at the crossroads of falling deeper or rebounding strongly. Companies related to cryptocurrencies are a great target for trading today. Coinbase, Riot Blockchain, and MicroStrategy are among the hottest stocks.
Trade MicroStrategy
https://app.simplefx.com/instruments/MSTR.US/chart
MSTR opened at $150 per share, after closing at $202 on Friday. The reason is clear, the margin call for the company’s loans to buy Bitcoin is set to be around $21,000.
Bitcoin has had a terrible weekend plummeting by over 20% since Friday and going below $24k first time since 2020.
The market is at the crossroads of falling deeper or rebounding strongly. Companies related to cryptocurrencies are a great target for trading today. Coinbase, Riot Blockchain, and MicroStrategy are among the hottest stocks.
Trade MicroStrategy
https://app.simplefx.com/instruments/MSTR.US/chart
BTC Looking for Support
The crypto panic selling continues as BTCUSD marks its eighth red daily candle in a row. Bitcoin hit $20,736 around 2 a.m. UTC today. This was BTC’s first trip below $21k since December 2020.
We have entered a dangerous territory for MicroStrategy, a company that heavily invested in bitcoin buying it at an average price of over $30k. If the bear market continues, the company may need additional collateral for its loans.
Ethereum hit $1064 a few hours ago but has recovered and is trading at over $1,150. Bitcoin is attacking $22k resistance, and a bullish run is not out of the question.
This is a critical time for cryptocurrencies, and we might witness unique buying-low opportunities if the market recovers. On the other hand, if it crashes further, it will be challenging to find the bottom below the current levels.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
The crypto panic selling continues as BTCUSD marks its eighth red daily candle in a row. Bitcoin hit $20,736 around 2 a.m. UTC today. This was BTC’s first trip below $21k since December 2020.
We have entered a dangerous territory for MicroStrategy, a company that heavily invested in bitcoin buying it at an average price of over $30k. If the bear market continues, the company may need additional collateral for its loans.
Ethereum hit $1064 a few hours ago but has recovered and is trading at over $1,150. Bitcoin is attacking $22k resistance, and a bullish run is not out of the question.
This is a critical time for cryptocurrencies, and we might witness unique buying-low opportunities if the market recovers. On the other hand, if it crashes further, it will be challenging to find the bottom below the current levels.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Simplefx
SimpleFX: WebTrader
Experience the cutting-edge trading platform - SimpleFX WebTrader gives access to multiple assets and features for novice and seasoned traders.
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Bitcoin Bulls Defending the $20k Support
It's happening right now! $20,050 is the new low!
It's happening right now! $20,050 is the new low!
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Ethereum Defended $1,000
The lowest point: $1,002 several minutes ago...
https://app.simplefx.com/instruments/ETHUSD/chart
The lowest point: $1,002 several minutes ago...
https://app.simplefx.com/instruments/ETHUSD/chart
US Retail Sales Fall Ahead of Today's Fed Decision
It's the 1st time in 5 months this happens. At 18:00 UTC Fed meets to decide about the rates. The consensus was they would raise the benchmark from 1% to 1.5%. Any other outcome should shake the crypto and stock market.
The latest data from the U.S. Commerce Department show that retail sales decreased for the first time in five months in May as inflation began to bite consumers' pockets, prompting them to reconsider large-ticket purchases.
According to new Census Bureau figures, total retail sales in the United States were $672.9 billion in May, down 0.3% from April and up 1.1% year over year.
Sales of automobiles appear to be the major reason for the slowdown. In May, total spending was up 0.5 percent compared with April, excluding motor vehicle and component purchases. Vehicle and part sales alone were down 3.5%.
It's the 1st time in 5 months this happens. At 18:00 UTC Fed meets to decide about the rates. The consensus was they would raise the benchmark from 1% to 1.5%. Any other outcome should shake the crypto and stock market.
The latest data from the U.S. Commerce Department show that retail sales decreased for the first time in five months in May as inflation began to bite consumers' pockets, prompting them to reconsider large-ticket purchases.
According to new Census Bureau figures, total retail sales in the United States were $672.9 billion in May, down 0.3% from April and up 1.1% year over year.
Sales of automobiles appear to be the major reason for the slowdown. In May, total spending was up 0.5 percent compared with April, excluding motor vehicle and component purchases. Vehicle and part sales alone were down 3.5%.
Coinbase +15% on Strong BTC Rebound
Coinbase stocks almost broke the $60 resistance on Tuesday as investors are buying low shares of the leading US crypto exchange. The reason?
Bitcoin has come to life again. BTCUSD hit $17,852 on Sunday but has soared 23.3% since then. Today the leading cryptocurrency is up another 4.2%, has passed the $21k resistance, and continues to rally.
Investors who believe cryptocurrencies can come back in 2022 have to hurry, because the bear market may have just ended.
Those who think the sell-off has not ended yet might consider it another opportunity to dump some of the coins they bought over the weekend.
For both of these groups, trading Coinbase stock with the maximum 1:25 leverage is a great option.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
Coinbase stocks almost broke the $60 resistance on Tuesday as investors are buying low shares of the leading US crypto exchange. The reason?
Bitcoin has come to life again. BTCUSD hit $17,852 on Sunday but has soared 23.3% since then. Today the leading cryptocurrency is up another 4.2%, has passed the $21k resistance, and continues to rally.
Investors who believe cryptocurrencies can come back in 2022 have to hurry, because the bear market may have just ended.
Those who think the sell-off has not ended yet might consider it another opportunity to dump some of the coins they bought over the weekend.
For both of these groups, trading Coinbase stock with the maximum 1:25 leverage is a great option.
Trade Coinbase
https://app.simplefx.com/instruments/COIN.US/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Bitcoin Falls Below 20k Support as Recession Looms
Citigroup economists have warned that they see the chance of the world economy going into recession nearing 50%. Central banks are to tighten the monetary policy even further to slow inflation.
Cryptocurrencies went down again. During early European hours, BTCUSD fell below $20k and is trading at $20,327 as ETHUSD is trading below $1,100.
European indices are in the red, and US futures for DJI30, SPX500, and NDX100.
We are at a crossroads; the markets may go up or down at anytime.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Citigroup economists have warned that they see the chance of the world economy going into recession nearing 50%. Central banks are to tighten the monetary policy even further to slow inflation.
Cryptocurrencies went down again. During early European hours, BTCUSD fell below $20k and is trading at $20,327 as ETHUSD is trading below $1,100.
European indices are in the red, and US futures for DJI30, SPX500, and NDX100.
We are at a crossroads; the markets may go up or down at anytime.
Trade BTCUSD
https://app.simplefx.com/instruments/BTCUSD/chart
Simplefx
SimpleFX: WebTrader
Experience the cutting-edge trading platform - SimpleFX WebTrader gives access to multiple assets and features for novice and seasoned traders.
Stock Futures Fall Before the US Opening
DJI is -1.08%, SPX500 -1.2%, and NDX100 -1.16% before the New York markets open at 13:30 UTC.
Investors expect the Fed’s tightening monetary policy to protect customers against inflation. The move would stifle the financial markets, equities, and crypto and may end with a recession.
S&P 500 has been down 21% this year and has Bitcoin lost 58% of its value in 2022. Economists from Goldman Sachs see a 30% chance of recession, while Citigroup stated that the probability is approaching 50%.
It looks like it will be a rough trading day in the US, but nothing is certain. If you expect a continuation of panic, hurry up and short the futures before the market opens. If you think the possible recession has already been discounted in the prices, it’s time to hunt for a bargain on the stock market.
It’s going to be a special day on Wall Street. Don’t miss out.
Trade SPX500
https://app.simplefx.com/instruments/SPX500/chart
DJI is -1.08%, SPX500 -1.2%, and NDX100 -1.16% before the New York markets open at 13:30 UTC.
Investors expect the Fed’s tightening monetary policy to protect customers against inflation. The move would stifle the financial markets, equities, and crypto and may end with a recession.
S&P 500 has been down 21% this year and has Bitcoin lost 58% of its value in 2022. Economists from Goldman Sachs see a 30% chance of recession, while Citigroup stated that the probability is approaching 50%.
It looks like it will be a rough trading day in the US, but nothing is certain. If you expect a continuation of panic, hurry up and short the futures before the market opens. If you think the possible recession has already been discounted in the prices, it’s time to hunt for a bargain on the stock market.
It’s going to be a special day on Wall Street. Don’t miss out.
Trade SPX500
https://app.simplefx.com/instruments/SPX500/chart
Deutsche Bank Plunges 6.9%
The price plummeted from 9.71 euros per share at the opening to 8.98 euros on Frankfurt Stock Exchange. One of the biggest multinational banks has lost 38% of its value since Russia invaded Ukraine in February.
A few days ago, Deutsche Bank analysts stated that US equities have a git bear market, and S&P500 is on the way to giving the worst half-year performance since the 1932 Great Depression.
Investors responded with a massive sell-off. SimpleFX traders who shorted Deutsche Bank yesterday checked in impressive profits. But still, it’s not too late. The Frankfurt trading continues for the next 2,5 hours. BUY or SELL Deutsche Bank AG now.
Trade DB
https://app.simplefx.com/instruments/DBK.DE/chart
The price plummeted from 9.71 euros per share at the opening to 8.98 euros on Frankfurt Stock Exchange. One of the biggest multinational banks has lost 38% of its value since Russia invaded Ukraine in February.
A few days ago, Deutsche Bank analysts stated that US equities have a git bear market, and S&P500 is on the way to giving the worst half-year performance since the 1932 Great Depression.
Investors responded with a massive sell-off. SimpleFX traders who shorted Deutsche Bank yesterday checked in impressive profits. But still, it’s not too late. The Frankfurt trading continues for the next 2,5 hours. BUY or SELL Deutsche Bank AG now.
Trade DB
https://app.simplefx.com/instruments/DBK.DE/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Aseslan up 5.84% on Growing Defense Spendings
Turkish defense corporation is having a great day, trading at 24.64 TRY per share. The company has signed new deals in Asia and competes with Russian manufacturers.
The stock went up 50% in the first two months of the Russian-Ukrainian war but dropped by 22% when the global equity markets crashed. Since then, it seems to have entered an uptrend.
Aseslan stock, like many other Turkish equities, is highly volatile, and impressive price swings make it an excellent target for margin traders.
Trade Now
https://app.simplefx.com/instruments/ASELS.TR/chart
Turkish defense corporation is having a great day, trading at 24.64 TRY per share. The company has signed new deals in Asia and competes with Russian manufacturers.
The stock went up 50% in the first two months of the Russian-Ukrainian war but dropped by 22% when the global equity markets crashed. Since then, it seems to have entered an uptrend.
Aseslan stock, like many other Turkish equities, is highly volatile, and impressive price swings make it an excellent target for margin traders.
Trade Now
https://app.simplefx.com/instruments/ASELS.TR/chart
Simplefx
SimpleFX WebTrader
Trade global assets from any device, anywhere. Apple, Tesla, Nvidia, and more stocks. Trade Forex. Buy and sell bitcoin, gold, oil, and other commodities.
Airbnb -4% Time to Buy or Short?
Growth stocks have started the week in the red as NDX100 is at -0.44% after the US equities market opening.
While Coinbase (-9.5%) is one of the biggest losers, Amazon (-2.5%), Alphabet (-1%), and Microsoft (-1.11%) are also going down.
Airbnb fundamentals remain strong with a strong recovery after the pandemic lockdowns. However, the $100 per share support/resistance level is the critical point for margin traders. Will Airbnb soar or tank?
Trade Airbnb
https://app.simplefx.com/instruments/ABNB.US/chart
Growth stocks have started the week in the red as NDX100 is at -0.44% after the US equities market opening.
While Coinbase (-9.5%) is one of the biggest losers, Amazon (-2.5%), Alphabet (-1%), and Microsoft (-1.11%) are also going down.
Airbnb fundamentals remain strong with a strong recovery after the pandemic lockdowns. However, the $100 per share support/resistance level is the critical point for margin traders. Will Airbnb soar or tank?
Trade Airbnb
https://app.simplefx.com/instruments/ABNB.US/chart
Simplefx
SimpleFX: WebTrader
Experience the cutting-edge trading platform - SimpleFX WebTrader gives access to multiple assets and features for novice and seasoned traders.