Meme stocks steal crypto's thunder as GameStop and AMC surge, Bitcoin trades flat

Kitco NEWS has a diverse team of journalists reporting on the economy, stock markets, commodities, cryptocurrencies, mining and metals with accuracy and objectivity. Our goal is to help people make informed market decisions through in-depth reporting, daily market roundups, interviews with prominent industry figures, comprehensive coverage of important industry events and analyses of market-affecting developments.

– Cryptocurrencies continue to see choppy post-halving price action with little change in the overall picture as the market has been in a holding pattern for the past two and a half months as macroeconomic concerns have captured the focus of investors. While cryptos traded sideways, stocks rallied into the market close after the return of meme stock frenzy enthralled traders, who watched the price of GameStop surge 60% on Tuesday following Monday’s 74% rally.

- The gold market has been holding significant gains since the start of the year, but the momentum behind the bullish drive has dried up as investors once again focus on the Federal Reserve’s monetary policy.Cryptocurrencies continue to see choppy post-halving price action with little change in the overall picture while the return of meme stock frenzy has enthralled investors, with GameStop gaining 60% on Tuesday.

- Federal Reserve Chair Jerome Powell attended a Foreign Bankers’ Association event in Amsterdam on Tuesday, which offered him the opportunity to comment on the U.S. economy in general, and inflation in particular, after PPI came in well above expectations in the morning.While Powell pointed to the progress that was made on inflation in 2023, he acknowledged that this year has not continued the positive trend.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Gamestop, AMC: Why are meme stocks rallying again?GameStop and AMC Entertainment have again captured retail investors' attention, reminiscent of 'the meme stock frenzy' that gripped Wall Street three years ago.
Source: CTVNews - 🏆 1. / 99 Read more »

GameStop and AMC surge evokes 2021 meme stocks sagaBoth GameStop and AMC were the most traded stocks by retail investors on Monday, according to data from J.P.Morgan. 'Roaring Kitty', the social media...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

GameStop and AMC continue to surge, evoking 2021 meme stocks sagaReturn of ‘Roaring Kitty’ sparks big gains
Source: globeandmail - 🏆 5. / 92 Read more »

GameStop and AMC surge evokes 2021 meme stocks sagaExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »