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With a week to go for September, Bitcoin is up 2.49%. If prices remain ranged without a major dip, the cryptocurrency will likely end September higher and mark only the third time the flagship digital asset and by extension the market, has recorded a green candle during the month in the past 10 years. Optimism […] The post AI-centric Shiba Memu shines ahead of “Uptober”: Is it a buy? appeared first on Invezz.

• September 23, 2023 05:11 AM PDT
• Invezz

Abrdn (LON: ABDN) share price has been a major underperformer in London, where it has lagged the FTSE 100 and FTSE 250 indices. The stock plunged to a low of 154.95, the lowest level since November 2022. It has slipped by more than 32% from the highest level this year. Challenging environment Abrdn, formerly known […]

• September 23, 2023 03:27 AM PDT
• Invezz

The US published mixed inflation numbers this month. According to the Bureau of Labor Statistics (BLS), the headline consumer inflation jumped to 3.7% in August while core inflation slipped to 4.2%. Live cattle price is surging These numbers imply that the country’s inflation remains high and higher interest rates are making it worse. For one, […]

• September 23, 2023 01:46 AM PDT
• Invezz

Bitcoin (BTC) price has gone through a rough patch in the past two years. After peaking near $68,000 in 2022, Bitcoin has plunged by ~61% to the current ~$26,000. Other cryptocurrencies like Avalanche, Solana, and Algorand have performed worse. Still, a case for investing in Bitcoin in 2023 can still be made. Bitcoin has faced […] The post The case for Bitcoin (BTC) despite the ~61% crash appeared first on Invezz.

• September 23, 2023 12:43 AM PDT
• Invezz

Bitcoin (BTC) price has gone through a rough patch in the past two years. After peaking near $68,000 in 2022, Bitcoin has plunged by ~61% to the current ~$26,000. Other cryptocurrencies like Avalanche, Solana, and Algorand have performed worse. Still, a case for investing in Bitcoin in 2023 can still be made. Bitcoin has faced […] The post The case for Bitcoin (BTC) despite the ~61% price crash appeared first on Invezz.

• September 23, 2023 12:43 AM PDT
• Invezz

The Ethereum-based layer2 scaling solution by Coinbase, Base, has seen its total value locked soaring rapidly since its launch in August. After overtaking Cardano and Cronos, DeFiLlama stats show Base has surged to surpass Solana. Base’s total value locked has increased to around $370.29M, whereas Solana’s 9.64% monthly decline puts its TVL at $310.43M at […] The post Coinbase’s layer2 solution Base gains increased traction, surpasses Solana in TVL appeared first on Invezz.

• September 22, 2023 09:10 PM PDT
• Invezz

Plug Power (NASDAQ: PLUG) stock price sell-off gained steam on Friday as the company reported more bad news. The shares plunged to a low of $7.31, the lowest level since July 2020. It has dropped by more than 90% from its all-time high, bringing its total market cap to over $4.5 billion. Plug Power plant […] The post Plug Power stock just formed a rare bullish pattern but risks remain appeared first on Invezz.

• September 22, 2023 01:05 PM PDT
• Invezz

Don’t hold your breath for a swift recovery in shares of Boeing Co (NYSE: BA) that have lost more than 15% in under two months, says a CFRA Research analyst. Boeing stock received a downgrade on Friday Stewart Glickman downgraded the aerospace giant this morning to “hold” and lowered his price target to $210 that […] The post Boeing stock lacks a meaningful upside from here: CFRA Research appeared first on Invezz.

• September 22, 2023 12:14 PM PDT
• Invezz

BuzzFeed (NASDAQ: BZFD) has had a dramatic collapse from a disruptor in the media space to a company on the verge of collapse. Its stock has crashed from an all-time high of $14.78 in December 2021 to $0.30. Its valuation has plunged from over $1 billion into a penny stock valued at over $47 million.  […] The post BuzzFeed stock: The sad transition from a unicorn to a penny stock appeared first on Invezz.

• September 22, 2023 11:37 AM PDT
• Invezz

The U.S. Securities & Exchange Commission just ordered Citadel Securities and Goldman Sachs Group Inc (NYSE: GS) to pay $7.0 million and $6.0 million in fines, respectively. Here’s why the SEC fined Citadel Citadel incorrectly marked millions of long and short sale orders over a period of five years. It provided inaccurate data that is […] The post U.S. SEC just fined Citadel and Goldman Sachs: find out more appeared first on Invezz.

• September 22, 2023 11:17 AM PDT
• Invezz