The recent daily death cross on the Bitcoin chart is beginning to rear its ugly head after the world's largest cryptocurrency by market cap failed to breakout above $7,000. Trade volume has dropped off significantly over the past fortnight, averaging around $30 billion per day despite regularly topping $70 billion earlier in the month. The apparent lack of interest will undoubtedly be a cause for concern for bullish Bitcoin investors, especially considering its failure to break above $7,000 after March 13's sell-off. One glimmer of hope for Bitcoin's tribal followers is the upcoming halving event, which will see block rewards for miners slashed from 12.5BTC per block to 6.25BTC per block. This has historically been a bullish event for cryptocurrencies...
The COVID-19 pandemic has been rather disruptive for many companies operating in the hospitality, travel and tourism sectors, including casino operators like Wynn Resorts (NASDAQ:WYNN). On March 18, WYNN stock hit a 52-week low of $35.84. Now the price is hovering around $57.Source: Wangkun Jia / Shutterstock.com Has Wynn stock seen the bottom in March? There are no easy answers to this question. Although it may look like the price cannot get much lower than this, our economy is going through an uncertain period right now."The harder question is will investors increase their investments in this present uncertain economic environment due primarily to the coronavirus pandemic. Investment changes are more volatile than changes in the growth of an economy (changes in GDP)," said Dr. Albert Williams, professor of finance and economics at the H. Wayne Huizenga College of Business and Entrepreneurship Nova Southeastern University.InvestorPlace - Stock Market News, Stock Advice &...
Retail giants Home Depot and Costco announced a limit in the amount of customers permitted in stores, and Macy’s will become a small cap business. Yahoo Finance’s On The Move panel breaks down the latest in retail....
