Day: November 5, 2020

Bitcoin price hits $15K as daily gains top 9% and Trump Vs. Biden goes on

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Bitcoin (BTC) hit $15,000 on Nov. 5 as excitement over the U.S. election spilled over from macro markets.  Data from Cointelegraph Markets and TradingView showed BTC/USD tackle the $15,000 barrier repeatedly throughout the day, finally breaking it to post press-time highs of $15,200. BTC price climbs $1,000 in a day The move seals a hectic day for Bitcoin, which just 24 hours ago traded below $14,000. The last time that BTC/USD saw $15,000 was in early January 2018. BTC/USD weekly chart. Source: Tradingview Reacting, many well-known Bitcoin figures noted that…

Bitcoin hits all-time high against Russian ruble

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Amid the ongoing rally in cryptocurrency markets, Bitcoin (BTC) has secured another milestone by hitting a new all-time high against Russia’s national currency, the ruble. According to data from major crypto tracking website CoinGecko, Bitcoin has broken another historic high against the ruble, crossing its previous ATH of around 1,157,000 rubles. According to the CoinGecko, Bitcoin was worth over 1,160,000 as of 16:00 UTC . BTC/RUB price chart. Source: CoinGecko Bitcoin’s new ATH comes amid a major rally in the crypto market, with Bitcoin crossing $14,700 for the first time…

Bitcoin Quickly Approaches $15,000 As Election Outcome Lingers

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The stress related to the United States Presidential election has triggered a wave of FOMO buying in Bitcoin, picking up in steam even more the longer the outcome of the election lingers on. With more than 48 hours already passed since polls began to close, how long could this go on for, and how will the cryptocurrency continue to react in the face of all the risk, chaos, and uncertainty across the globe? Bitcoin Falls Short of $15,000 By $50, But Could Break By Election Decision Bitcoin price continues to…

Dow Spikes as Investors Wait for Outcome of U.S. Election Drama

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The Dow Jones Industrial Average rose by as much as 423 points on Thursday. Investors wait for more results from the U.S. election. A divided Congress is very likely at this point. The Dow and broader U.S. stock market traded higher on Thursday, extending the post-election rally, as investors hope we will soon know the winner of the U.S. presidential race. Dow, S&P 500, Nasdaq Rise All of Wall Street’s major indexes traded higher Thursday. The Dow Jones Industrial Average rose by as much as 423 points. The Dow Jones…

Airbnb to Make Official IPO Filing Next Week amid COVID-19 Surge

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Airbnb is going to raising about $3 billion via the IPO and looks to increase its valuation to about $30 billion. American vacation rental online marketplace company Airbnb Inc is set to make an official filing for its proposed Initial Public Offering (IPO) in the United States. According to a Reuters report, the revelation was made by two sources familiar with the matter and will usher in a public listing entry for Airbnb amidst the uncertainties that surrounds the presidential elections as well as the continuing rise of the COVID-19…

NIO Stock Soared 8% after Citi Analysts Raised Its Price Target

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At present, NIO stock is one of the highest Wall Street targets with the average Buy rating. Year-to-date, NIO shares are 838.06% up. NIO market cap is $48.36 billion. Chinese electric vehicle producer Nio Inc (NYSE: NIO) became one of the biggest calls on Wall Street on Wednesday. NIO stock rose by over 8% during the trading session as Citigroup analysts upgraded their price target for NIO from $33.20 to $46.40. NIO stock closed 6.23% up, at $37.71. In the pre-market today, it is further 4.46% up, $39.39 at the…

Lightning Operators Are Bracing for a Bitcoin Bull Run

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With the price of  bitcoin jumping to fresh 2020 highs last month, those running the digital currency’s underlying infrastructure are pondering the consequences. Namely, the routing node operators at the heart of Bitcoin’s Lightning Network are busily bracing for the curious new users that usually come with a bull run.  Bitcoin’s Lightning Network promises faster and cheaper payments, without the occasionally crazy fees associated with the underlying Bitcoin network.  Read more: What Is Bitcoin’s Lightning Network? The platform is still new, in Bitcoin time, having launched for real payments in…

AstraZeneca to Release Trial Data for Covid-19 Vaccine by Year End

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Currently, AstraZeneca vaccine trials are in the late-stages, involving about 23,000 participants. The participants span across the UK, U.S., South Africa, and Brazil. British-Swedish pharmaceutical company AstraZeneca Plc (LON: AZN) hopes to release its vaccine data by the end of the year. The drugmaker announced the development as it reports a strong increase in its third-quarter sales.  Apart from AstraZeneca, there are other pharmaceutical companies in the race to develop a COVID-19 vaccine. Some of the other drugmakers include Johnson & Johnson (NYSE: JNJ), Moderna Inc (NASDAQ: MRNA), and Pfizer…