HomeCryptocurrenciesBitcoin Leading the Stock Market as of Late

Bitcoin Leading the Stock Market as of Late

Although there have been plenty of signs linking the U.S. economy to a possible impending recession, it’s not all doom and gloom in the finance industry. Indeed, experts have lamented over the state of things to come, but if you take a look at the Nasdaq situation as of late, you would find that they actually went on a 5% surge over the last two days.

This is super encouraging for the stock market when you consider how cut throat the industry has been lately. But to make matters even more interesting, it looks like Bitcoin has been bouncing back as well. Not only has the stock market impressed many in recent days, but Bitcoin is kind of leading the way.

Since Wednesday morning, Bitcoin prices have soared over a whopping 12%. To sweeten the excitement, Ethereum received a bump that was over twice that amount.

When you consider the fact that Bitcoin has experienced somewhat of a dip in 2022, this is an incredibly encouraging thought for shareowners. The nature of the stock market game has always been understanding the market, but there’s definitely plenty of room for blind faith in that regard as well. And let’s just say that those who have been weathering the storm are now finding reasons to smile again.

U.S. Futures Mixed as Investors Observe Labor Data

Futures on the New York Stock Exchange were mixed on Thursday as investors analyzed labor data to gauge the potential path forward for interest...

JetBlue Stock Jumps Following Adjusted Forecast

JetBlue Airways shares jumped by 7% in premarket trading on Thursday after the U.S. airline narrowed its annual adjusted loss forecast. With a previous...

Toyota to Sell Entire Stake in Harmonic Drive Systems

Harmonic Drive Systems, a Japanese maker of speed reducers, confirmed that Toyota Motors is set to sell its entire share in the company. Following...