Billionaire Bitcoin Bull Novogratz Sees ‘Next Move Higher’ for Crypto Market

The bitcoin price is holding above $ 4,000, today’s fractional declines notwithstanding, and the bullish price predictions are back. Michael Novogratz of crypto merchant bank Galaxy Digital is the latest voice to come out of crypto hibernation and tell it as he sees it. Novogratz is calling the market bottom days after Fundstrat’s Thomas Lee issued his latest bullish outlook for the BTC price. Novogratz’s remarks were in response to Binance CEO Changpeng “CZ” Zhao, who posted a poll on Twitter asking followers whether we’re in a bull or bear market. Out of nearly 15,000 votes so far, the needle is

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Dow Claws Higher But US Stock Market Faces Critical Test

The Dow Jones enters the US trading session struggling for direction, weighed down by Boeing’s incessant plunge but fighting upwards anyway. Meanwhile, the US stock market faces a critical test as the S&P 500 once again creeps toward a critical resistance line that has thwarted previous recovery attempts. Dow Futures Creep North as Index Fights into the Green As of 8:47 am ET, Dow Jones Industrial Futures had managed to claw their way to a gain of 59 points or 0.23 percent, implying a rise of more than 65 points at the opening bell. S&P 500 futures rose 0.26 percent

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$46 Billion Flows into Chinese Stock Market, Should Launch Dow Higher

  Following MSCI’s decision to increase the weight of Chinese onshore shares in its widely-cited emerging market index, over $ 46 billion is set to pour into the stock market of China, a move that could kick the ongoing Dow Jones recovery into an even higher gear. The SSE Composite, which tracks all stocks traded at the Shanghai Stock Exchange, has spiked from 2,464.36 points to 2,994 points since January 3, by more than 21 percent within a 2-month span. It’s Mostly About the Trade Deal, the Same Catalyst to the Dow Jones On March 3, Chinese President Xi Jinping reportedly

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Analyst Warns S&P 500 Could Struggle to Go Higher After Recovery

Todd Gordon, a long-time stock analyst and the founder of TradingAnalysis.com, is “nervous” about the current state of the S&P 500. The index crashed just before Christmas to below 2350, but has affected a steady recovery in the meantime. By press time it had gained 2% on its numbers 3 months ago. Gordon tells CNBC in a recent interview: The 200-day moving average right here — we have tried it once, twice, three, coming back on a fourth time. This is going to be a deadly battleground. I want to short it but I want to be very diligent and

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Dow Sneaks Higher, Bitcoin Price Holds the Line as US Stock Market Clears Major Hurdle

The Dow added to Tuesday’s blockbuster rally, and the S&P 500 cleared a key technical hurdle in what is shaping up to be another strong day for the US stock market. The bitcoin price, meanwhile, entered the day with a minor decline but held firmly above its interim support level. Dow Adds to Tuesday’s 372 Point Rally As of 8:54 am ET, Dow Jones Industrial Average futures had climbed 73 points or 0.29 percent, implying an opening bell rise of 77 points. S&P 500 futures rose 0.25 percent, and Nasdaq futures climbed 0.42 percent to round out another positive pre-bell

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We’re Freeriders: Facebook Co-Founder Chris Hughes, Worth $500 Million, Wants to Pay Higher Taxes

Facebook co-founder Chris Hughes is back advocating for higher taxes for wealthy Americans. This is not the first time Hughes is calling on the government to take a step to help low-income Americans trying to make ends meet. Hughes spoke on CNBC’s “Squawk Box” saying: As a member of that 1-percent, 0.1-percent, I can tell you, I can afford a little bit higher taxes, and it would make my life better. The point is clear — my taxes should be higher. Hughes, who is the author of Fair Shot: Rethinking Inequality and How We Earn has been an advocate for

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