A major Pepecoin (PEPE) investor, dubbed a ‘super whale,’ sold off a significant portion of their holdings over the weekend, totaling $2.71 million. Despite the massive sell-off, the whale still retains a substantial amount of PEPE, highlighting the volatility of the meme coin market and the impact of large-scale transactions on price fluctuations.
The cryptocurrency market experienced a slight pullback on Tuesday, following a blistering rally fueled by the recent presidential election. Bitcoin briefly reached an all-time high of $90,000 before facing selling pressure, while Ethereum and Dogecoin also showed volatility. Despite the cooldown, market sentiment remains positive, with analysts predicting continued growth in the long term.
Following Kamala Harris’ defeat in the 2024 US Presidential election, several large-cap stocks experienced significant declines. Moderna, Honda, Akamai, Advanced Drainage Systems, AstraZeneca, Pinterest, MercadoLibre, First Solar, POSCO Holdings, and Floor & Decor Holdings all saw substantial losses. These declines were likely attributed to a combination of factors including disappointing earnings reports, revised guidance, and concerns over the impact of the new administration’s policies.
The cannabis industry is facing significant turmoil following the 2024 elections, with investor concerns mounting over political uncertainty and the fallout from Florida’s failed legalization vote. This has led to a dramatic selloff in top U.S. and Canadian cannabis stocks. This article examines the potential justifications for the market downturn, analyzing the impact of the failed Florida vote and recent earnings reports from major players.
Jaunty CEO Nicolas Guarino, who navigated both Venezuela’s economic upheaval and the brutal CBD market crash, shares his insights on building a successful cannabis brand. He emphasizes the importance of resilience, brand identity, and a consumer-centric approach in an industry marked by price pressure and market volatility.
Following a post-election sell-off triggered by a GOP-controlled Senate and the rejection of cannabis legalization in Florida, cannabis stocks are showing tentative signs of stabilization. Some stocks are making a modest comeback, suggesting that Wednesday’s declines may have been oversold. While the sector faces political headwinds, the fundamentals of cannabis remain strong, prompting investors to consider buying the dip.
Bitcoin and Ethereum ETFs experienced significant outflows on Nov. 4, driven by heightened investor caution ahead of the US presidential election. While BlackRock’s iShares Bitcoin Trust saw inflows, other funds witnessed substantial outflows, indicating a trend of risk aversion in the market. Experts suggest the market is bracing for potential volatility post-election, particularly if results are contested or delayed.
The US stock market experienced a mixed performance on Monday as investors navigated the uncertainty surrounding the upcoming Election Day. With a close race between Vice President Kamala Harris and former President Donald Trump, the market reflected the potential for significant policy changes. While betting markets favor a Trump win, the outcome remains highly uncertain, contributing to volatility across sectors.
The Cboe S&P 500 Dispersion Index (DSPX) offers a unique perspective on market behavior, measuring the spread of individual stock returns within the S&P 500. This article delves into the concept of dispersion, its relationship with volatility, and how the DSPX can be a valuable tool for active investors seeking to identify stock-picking opportunities and manage risk.
Upexi, Inc.’s (UPXI) shares skyrocketed over 300% on Friday following an announcement that the company is investigating potential stock manipulation related to its recent 12-for-1 reverse stock split. The investigation centers around a significant increase in shareholder activity following the split announcement, raising concerns about potential market manipulation.
