Crypto firms offer no easy way to pass on your Bitcoin—it’s time for that to change
It should be easy to leave your bitcoin behind, without compromising security while you’re alive.
It should be easy to leave your bitcoin behind, without compromising security while you’re alive.
(Bloomberg) -- A little-known ETF firm is the latest to tap into relentless day-trader demand for leveraged stock bets, just as volatility lashes Wall Street.Most Read from BloombergCuts to Section 8 Housing Assistance Loom Amid HUD UncertaintyHow Upzoning in Cambridge Broke the YIMBY MoldRemembering the Landscape Architect Who Embraced the CityNYC Office Buildings See Resurgence as Investors Pile Into BondsHong Kong Joins Global Stadium Race With New $4 Billion Sports ParkQuantify Funds, based
Two days after the president announced plans for a “crypto strategic reserve,” some tokens have lost all their gains from the announcement.
A U.S. strategic crypto reserve addresses both geopolitical vulnerabilities and economic innovation.
Bitcoin (CRYPTO: BTC) is now down 18% from an all-time high of $109,000 in mid-January, and trades around the $89,000 level on March 3. Once you analyze Bitcoin's historical track record over more than a decade, one thing becomes immediately clear: A decline of 25% is pretty much par for the course for Bitcoin. For example, in the period from 2016 to 2018, as Bitcoin soared to a new all-time high, it had downturns of 38%, 38%, 33%, 38%, 36%, and 29% along the way.
Electric vehicle charging company EVgo (NASDAQ:EVGO) missed Wall Street’s revenue expectations in Q4 CY2024, but sales rose 35% year on year to $67.51 million. On the other hand, the company’s outlook for the full year was close to analysts’ estimates with revenue guided to $360 million at the midpoint. Its GAAP loss of $0.11 per share was 13.9% below analysts’ consensus estimates.
Your day-ahead look for March 4, 2025
Hair care company Olaplex (NASDAQ:OLPX) announced better-than-expected revenue in Q4 CY2024, but sales fell by 9.8% year on year to $100.7 million. The company’s full-year revenue guidance of $420.5 million at the midpoint came in 4.4% above analysts’ estimates. Its non-GAAP profit of $0.01 per share was in line with analysts’ consensus estimates.
Growth expectations for the U.S. economy are falling as China and Canada announce their next move in the tit-for-tat trade spat with the White House.
Wall Street's main indexes fell on Tuesday, with the tech-heavy Nasdaq leading declines, as investors feared that an escalating trade war between the U.S. and its partners could damage the economy. The Nasdaq Composite index fell 10% from its record high hit on December 16 into what is commonly known as correction territory. At 10:01 a.m. ET, the Dow Jones Industrial Average fell 610.73 points, or 1.41%, to 42,580.51, the S&P 500 lost 86.35 points, or 1.50%, to 5,762.26 and the Nasdaq Composite lost 284.14 points, or 1.55%, to 18,066.06.