bitcoin

Pandemics, invasions and the return of inflation. If the last few years have shown investors anything, it’s that outrageous predictions can often be anything but.

Volatile week ends at records, Star withdraws offer, Silverlake swimming The ASX 200 (ASX: XJO) managed to deliver another positive week, despite finishing just 0.1% higher on Friday.  The benchmark added 0.6% over the week, pushed higher by a recovery in the healthcare sector, which added 4.7% behind CSL Limited (ASX: CSL) being 5.7% higher despite any real news….

Strongest day in four months, Fed backs off, lithium miners rally The ASX 200 (ASX: XJO) experienced its best session in four months, adding 1.5% on Tuesday, all but erasing Monday’s losses. Every sector but healthcare finished higher, with real estate and energy the biggest beneficiaries adding 2.2% respectively. The positive sentiment came from Fed Chair Jerome Powell’s written…

The wave of institutional adoption of cryptocurrency assets has been on the rise since the start of 2021. Leading banks and financial institutions have started to offer services in digital assets to the public. Several hedge fund billionaires including Ray Dalio and Stanley Druckenmiller have unveiled their crypto positions. Although the number of prominent names…

The Melbourne-based cryptocurrency exchange Cointree is one of Australia’s first and longest running crypto exchanges having launched in 2013. We were recently able to spend some time with the CEO of Cointree, Shane Stevenson to discuss recent events in the cryptocurrency and digital asset markets along with understanding where Cointree sees the future of the…

Shares bounce back, Victorian budget disappoints, mixed unemployment result The ASX200 (ASX: XJO) clawed back most of Wednesday’s losses, adding 1.3% on Thursday as the risk-on environment returned. The rally was powered ahead by the tech sector, 4.3% higher, along with property trusts, up 2.6%, and consumer discretionary stocks, up 1.7%. It was Qantas (ASX: QAN) that drove the…

Markets turn red, EML Payments dumped, China flags iron ore pressure The ASX200 (ASX:XJO) dropped the most in three months, finishing down 1.9% as a multitude of pressures hit the market. The materials and energy sectors both fell by around 3.0%, the former sold off after Chinese representatives flagged their intention to reduce the country’s reliance on…

ASX struggles to another record, Sims upgrades guidance, lithium giants to merge The ASX200 (ASX:XJO) struggled to another record close, finishing just three points higher as a sell off in the energy sector, down -1.4%, offset gains in the mining sector, +0.8%. The news of the day was the planned merger between Australia’s pureplay lithium miners, Orocobre (ASX:ORE) and Galaxy (ASX:GXY),…

Market volatility up as ASX finishes flat, Zip Co jumps 17%, Cleanaway’s new deal The ASX200 (ASX:XJO) finished flat for the day with gains in the IT sector, which was 2.2% higher, insufficient to offset weakness across cyclical businesses including energy, -0.7%, and utilities, -1.1%. The standout by far was Buy Now Pay Later firm Zip Co (ASX:Z1P) which…

Gold’s crown is a little tainted by its recent price retracement, which has taken the yellow metal roughly back to where it was a year ago. Instead, Bitcoin has smashed the ball out of the park. Why is there such a difference between these two? At an elementary level, both assets play to the concern…