{ }
Symbol AMZN
Name Amazon.com, Inc.
Currency USD
Sector Consumer Discretionary
IndustryGroup Retailing
Industry Internet & Direct Marketing Retail
Market NASDAQ Global Select
Country United States
State WA
City Seattle
Zipcode 98109-5210
Website http://www.amazon.com
Ethereum is at the forefront of blockchain innovation, serving as the backbone for decentralized finance, digital collectibles, and more. With upcoming upgrades poised to enhance transaction capabilities significantly, its long-term investment potential is compelling, despite inherent risks and market volatility.Prominent institutions are increasingly adopting Ethereum, and analysts predict substantial price appreciation, with estimates suggesting values could reach $14,000 to $20,000 per token by 2025. Investors are encouraged to approach this dynamic landscape with thorough research and a diversified strategy.
BlackRock recommends a 1-2% allocation to Bitcoin for investors, equating its risk to that of major tech stocks in a balanced portfolio. The firm emphasizes Bitcoin's unique return profile, driven by adoption rather than cash flows, and suggests it may serve as a tactical hedge against risks, similar to gold. With spot BTC ETFs gaining traction, institutional inflows could significantly impact Bitcoin's market dynamics in 2025.
BlackRock has endorsed a 2% allocation of Bitcoin (BTC) in multi-asset portfolios, suggesting it offers a similar risk profile to the "Magnificent Seven" tech stocks in a traditional 60/40 portfolio. While a small BTC allocation can diversify risk, exceeding 2% may significantly increase portfolio volatility. The firm anticipates that Bitcoin's volatility could decrease with broader institutional adoption, though this may limit future price surges. Bitcoin is currently trading at $101,573, reflecting a 1.1% decline over the past day.
The Dow Jones Industrial Average and major indexes reacted to unexpected inflation data, with the Dow inching higher while the S&P 500 and Nasdaq fell. Adobe's stock plummeted 11% after a disappointing sales outlook, while Tesla and Nvidia also faced declines after recent highs. The producer price index rose 0.4% in November, exceeding expectations, and first-time jobless claims unexpectedly increased to 242,000.
Billionaire Thomas Peterffy, Chairman of Interactive Brokers, recommends a cautious approach to Bitcoin investment, suggesting a 2% to 3% allocation of net worth, while warning that exceeding 10% could be "too dangerous." He expressed concerns about the volatile nature of cryptocurrencies, emphasizing their lack of intrinsic value and the risks of excessive leverage leading to potential market crashes.Peterffy's views resonate with industry veterans like Bill Miller, who advocate for modest Bitcoin allocations. Meanwhile, businesses are increasingly incorporating Bitcoin into their treasury reserves, with firms like Rumble and various biotech companies allocating significant funds to the cryptocurrency as a hedge against inflation.
Stock futures indicate a lower open for major U.S. indexes as the market pulls back from record highs, with the S&P 500 and Nasdaq down 0.2% and 0.4%, respectively. Large-cap tech stocks mostly declined in premarket trading, while Adobe shares fell 11% due to a disappointing revenue outlook despite strong quarterly results. Investors await key economic data, including jobless claims and wholesale inflation, which could impact the Federal Reserve's interest rate decisions.
Bitcoin is on an upward trajectory, with long-term targets set at $122,000 and $133,000 by the end of 2025, according to analyst Alan Santana. Despite natural market corrections, he believes the current trend indicates a positive direction for both Bitcoin and altcoins, encouraging investors to focus on accumulation and long-term holding strategies. As of now, Bitcoin is trading at approximately $100,568.90, reflecting a 3.12% increase in the last 24 hours.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to Federal Reserve support for the economy. The Hang Seng surged 1.7%, while Tokyo's Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as expectations for interest rate cuts fueled market optimism.
Asian shares rose Thursday, buoyed by a Wall Street rally and positive inflation updates that may lead to further Federal Reserve support for the economy. The Hang Seng surged 1.7%, while the Nikkei 225 gained 1.3%, driven by technology stocks. In the U.S., the S&P 500 climbed 0.8%, marking its first two-day gain in nearly a month, as inflation ticked up slightly to 2.7% in November.
Asian shares mostly rose, following a Wall Street rally, as U.S. inflation data suggested potential Federal Reserve support for the economy. The Hang Seng surged 1.4%, while the Nikkei 225 gained 1.2%. In the U.S., the S&P 500 climbed 0.8%, driven by tech stocks, despite a slight dip in the Dow.
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