News

Markets Surge on Trade and Bitcoin Boost

As I write Wednesday mid-afternoon, all three major stocks indexes are up nicely after a flurry of good news this morning. Let’s begin with Trump: The President said that he has “no intention” of firing Federal Reserve Chairman Jerome Powell He appears willing to take a less aggressive approach toward trade with China, saying that his administration’s tariff rate on China is “very high, and it won’t be that high. … No, it won’t be anywhere near that high. It’ll come down substantially. But it wo

XRP Is Rising Today -- Is the Cryptocurrency a Buy?

XRP (CRYPTO: XRP) is moving higher thanks to some positive-looking developments on the macroeconomic front and a potential coin-specific catalyst trading. The cryptocurrency's token price was up 2.4% over the previous 24 hours of trading as of 5:45 p.m. ET. After comments from President Donald Trump yesterday indicating that tariffs on Chinese products would come down substantially, Reuters reported today that the administration was open to lowering import taxes on the country's goods from 145% to between 50% and 65%.

Bitcoin, Ethereum, and Dogecoin Soar as "Risk On" Trade Continues

Investors continued to buy risk assets on Wednesday, including growth stocks, tech stocks, and cryptocurrencies, following a sharp move higher on Tuesday. Bitcoin (CRYPTO: BTC) is up 2.9% since the stock market closed yesterday, Ethereum (CRYPTO: ETH) is up 5.1%, and Dogecoin (CRYPTO: DOGE) is up 6.2%. It's the trade war that has caused concern that the U.S. will go into a recession, and that has caused a decline in Bitcoin and the market overall.