Author: Anthony M. Orbison

contributor Posted: December 21, 2024 Stacks tested the $1.75 support amid a 26% weekly drop Ascending channel pointed to bullish potential, with the resistance at $2.40 and target at $10 Stacks (STX) was trading at $1.71, at the time of writing, following a 11.73% decline over the last 24 hours and a 26.06% drop in just 7 days. With a circulating supply of 1.5 billion STX, the cryptocurrency had a market capitalization of $2.57 billion.  Trading volume in the last 24 hours stood at $439 million, indicating substantial activity during this price drop. The recent downturn in STX‘s price seemed…

https://www.tipranks.com/news/the-fly/citi-stays-buy-on-micron-despite-worse-than-expected-guidance Citi says Micron (MU) reported strong results but guided below the firm’s recently-lowered estimates as the weakness in NAND and excess DRAM inventory in the PC and handset end markets is worse than previewed. However, Citi continues to believe the DRAM inventory correction should finish by the Spring as it has been occurring for several months and DRAM companies are lowering capex and production. It lowered estimates but reiterates a Buy rating and $150 price target on Micron. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders’ Hot Stocks on…

Investing.com — In a recent note, Bank of America outlined 14 key lessons from 2024 that investors should keep in mind as they head into 2025, warning that market momentum and stretched valuations could face headwinds in the year ahead. While this year resembled the steady gains of 1996-97, rather than the bubble peaks of 1998-99, risks are mounting—from geopolitical tensions and rising debt to market fragility highlighted by the VIX. BofA points to opportunities in Europe, China, and Japan but cautions that volatility, trade disputes, and macroeconomic uncertainty will shape the next leg of the market cycle. Below are…

The entire cryptocurrency market was painted red over the past 24 hours. The meme coin market, in particular, took a massive hit. Assets like Dogecoin (DOGE), Shiba Inu (SHIB), and Pepe Coin (PEPE) took a backseat. PEPE recorded a new all-time high of $0.00002825 just eleven days ago. But now, the meme coin is trading 45% below its peak. Will the asset recover during the weekend and bring in gains for PEPE investors?Also Read: From $90 to $3.25M in Just 2 Days: Crypto Trader Racks Up 3.5M% Gain!PEPE Records Double-Digit DropSource: CoinGapeOver the past 24 hours, the meme coin recorded…

Stay informed with free updatesSimply sign up to the Life & Arts myFT Digest — delivered directly to your inbox.As I pack my bags after nine years in Berlin, I’m leaving a city that seems to be trapped in a narrative of its own decline.Veterans say it has jumped the shark. Flats are impossible to find. Spots in day care are like hen’s teeth. The bureaucracy is mind-numbingly analogue. Gentrification has flattened its anarchic soul. The edginess has gone.Some of this may be true. But it doesn’t reflect my experience. To me, Berlin is at the top of its game,…

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Although you may not see snow outside just yet, many parts of the country have experienced a recent drop in temperature. With winter only at its beginning, you can be sure that there are some chillier days ahead. That said, heating bills can easily get expensive, especially if you are paying to heat a whole house. The good news is that a space heater can give you that warm and toasty feel without racking up your electric…

A momentum indicator recently flipped bullish for XRP, Solana (SOL) and two other altcoins, according to a popular crypto analyst. Ali Martinez tells his 101,300 followers on the social media platform X that the Tom DeMark (TD) Sequential Indicator presented buy signals on the four-hour charts for XRP, SOL, Maker (MKR) and World Network (WLD). Traders use the TD Sequential Indicator to predict potential trend reversals for tokens based on the closing prices of their 13 previous bars or candles. XRP is trading at $2.28 at time of writing. The 4th-ranked crypto asset by market cap is down nearly 4%…

The latest reading of the Federal Reserve’s preferred inflation gauge showed price increases fell month over month in November but still remained sticky as the central bank fights to bring inflation back down to its 2% target. The data, released early Friday by Bureau of Economic Analysis (BEA), comes after the central bank slashed interest rates by 25 basis points at its last policy meeting of the year on Wednesday. Officials also signaled less easing to come in 2025, with inflation expected to remain elevated over the long term. In November, the core Personal Consumption Expenditures (PCE) index, which strips…

TOKYO (Reuters) – Honda (NYSE:) and Nissan (OTC:) are considering producing vehicles in one another’s factories as part of their talks to deepen ties, news agency Kyodo reported on Saturday without citing sources. The report added that Honda will also consider supplying hybrid vehicles to Nissan as part of the potential merger, without mentioning the source of the information. Honda, Japan’s second-largest car company, and Nissan, its third-largest, are in talks to deepen ties with an eye on potentially setting up a holding company, according to two people familiar with the matter. One of the people said the automakers are…

Solana and Ethereum have competed for dominance throughout Q4 2024. Ethereum secured over $850 million in institutional capital inflow to ETFs, while Solana attracted over $300 million in cross-chain inflows within the past week.  Market experts and reports suggest Solana is poised to beat Ethereum and replace ETH as the largest altcoin in crypto. 2025 is therefore a pivotal year for Ether and Solana, the latter’s competitive edge lies in DEX metrics and its growth potential alongside rising capital inflows.  Solana’s win could bring changes to portfolios and Ethereum beta plays could suffer a correction in the event SOL dethrones…