It’s been less than nine months since traders flipped their calendars to 2018, but crypto asset bulls have aged years (if not decades!) since the holiday season’s euphoria. After peaking at a total market cap above $800B on January 7th, the crypto market has contracted precipitously, briefly falling below $200B earlier this week. Take a look at the chart below.
AlphaBot, a company that combines portfolio construction and execution, professional networking, cloud computing and data management all in one place, today announced it has added performance data and analysis tools enabling investors for the first time to compare, portfolio build, and compile reports on more than 1,600 cryptocurrencies and tokens.
Gold bulls were offered a temporary lifeline in the form of dollar weakness on Tuesday with prices rebounding toward $1,226 per oz. as of writing. While the yellow metal has scope to venture higher in the near term if the dollar continues to soften, the medium-to-longer term outlook remains tilted to the downside.
Saudi Arabian Oil Co. and Dow Chemical Co. expect to start production this year at their $20 billion Sadara chemicals venture in the desert kingdom as other projects planned in the region face the obstacle of falling crude prices.
Wall Street’s interest in bitcoin is growing quickly, aided by a raft of new tools and instruments designed to make trading of the digital currency easier and more familiar to investment professionals.