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It spent a little more than three months rising exponentially, and it has now spent a little less than three months falling exponentially. This morning it was back to where it started 2021, which was in the $29,000 range. As of right now, it's closer to $33,000. Bitcoin carried over a ton of momentum from 2020 into the first quarter of this year. At the crest of that wave was the public listing of Coinbase Global Inc. on April 14. The cryptoanarchists were at the proverbial gate, and it looked like one big buying opportunity. The same day, bitcoin hit a fresh record near $65,000.
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Stocks end higher, with Nasdaq at record after testimony by Fed's PowellStocks ended moderately higher Tuesday, with the Nasdaq Composite finishing at a record, after Federal Reserve Chairman Jerome Powell testified before a House panel, elaborating further on the central bank's outlook for growth and inflation.
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Stock Market Live Updates: Futures Wobble After Dow's 550-Point Rally, Bitcoin Extends Fall - WSJ.comU.S. stock futures are wavering between small gains and losses after stocks rallied Monday, sending the Dow Jones Industrial Average up by more than 550 points and lifting shares of everything from banks to manufacturers. Cryptocurrencies are extending recent drops.
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Raven Industries, Torchlight Energy, Bitcoin: What to Watch When the Stock Market Opens TodayFutures are rising after a tumultuous morning.
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