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1 min read
The majority of cryptocurrencies are 'garbage' and only a few will emerge as winners, says Guggenheim's Scott Minerd
70% of crypto coins 'will go away,' the CIO of Guggenheim Partners said in a Bloomberg interview fr…
Carla MozĂ©e  Â
1 min read
Bitcoin will survive but could crater to $8,000 and won't end up as the dominant crypto, says Guggenheim's Minerd
"When you break below 30,000 [dollars] consistently, 8,000 [dollars] is the ultimate bottom," Miner…
Phil Rosen  Â
2 mins read
US stocks could tumble 15% in a rough fall - and the bitcoin bubble could deflate further this year, Guggenheim's Scott Minerd says
September and October are likely to be "very rough" months for stocks, the chief investment officer…
Shalini Nagarajan  Â
1 min read
Guggenheim's Minerd says bitcoin's harsh sell-off isn't over yet, but the cryptocurrency will ultimately survive along with ether
The Guggenheim global chief investment officer told CNBC bitcoin had gone "exponential" over the la…
Emily Graffeo  Â
1 min read
Bitcoin could plunge 50% from current levels after rising too much, too fast, says Guggenheim's Scott Minerd
Bitcoin's price could slide by 50% after its run-up to record highs, said Guggenheim Partners' Scot…
Carla MozĂ©e  Â
2 mins read
Bitcoin should be worth $400,000, based on its scarcity and value versus gold, according to Guggenheim's Scott Minerd
Bitcoin's scarcity, together with the Federal Reserve's "rampant money printing," suggest its price…
Shalini Nagarajan  Â
2 mins read
Guggenheim's Scott Minerd backtracks on cryptocurrencies by comparing them to Tulipmania - but says the crash doesn't signal the death of crypto
Minerd's remark seems a tad surprising as he had reiterated a bitcoin price target of as much as $6…
Shalini Nagarajan  Â
2 mins read
Bitcoin will grind lower to around $15,000 before bottoming, so investors shouldn't rush in now, Guggenheim's Scott Minerd says
"I don't think people need to be anxious to be putting money in bitcoin right now," Scott Minerd sa…
Matthew Fox  Â
1 min read
Bitcoin's record-shattering surge is unsustainable now that the $35,000 level has been breached, says Guggenheim's Scott Minerd
"The target technical upside of $35,000 has been exceeded. Time to take some money off the table," …
Emily Graffeo  Â
2 mins read
Bitcoin soars above $23,000 as mammoth 2020 rally drives record highs
The climb brings bitcoin's year-to-date gains above 200% and comes just one day after the token tra…
Ben Winck  Â
2 mins read
Bitcoin's rise despite the UK crackdown on Binance is a bullish signal that prices may have bottomed, Fundstrat says
Bitcoin "rising in the face of bad news may be a sign of the seller exhaustion we need to go higher…
Harry Robertson  Â
2 mins read
Cryptocurrencies and SPACs show signs of 'irrational exuberance,' but the stock market is not in a bubble, says UBS
UBS's Mark Haefele has conflicting views on whether some of the market's most popular areas are ove…
Emily Graffeo  Â
1 min read
US stocks trade mixed after weekly jobless claims come in higher than expected
Stocks gave up early morning gains after weekly jobless claims surprised to the upside amid the spr…
Matthew Fox  Â
2 mins read
Tech stocks drive the market higher with mega-cap giants Apple and Amazon leading the way
Microsoft closed at a record high on Thursday, helping drive the S&P 500 to within 1% of a new all-…
Matthew Fox  Â
1 min read
10 things you need to know before the opening bell
This is what traders are talking about.
Shalini Nagarajan  Â
1 min read
Bitcoin slides below $50,000 with $260 billion wiped off the crypto market as Biden's tax proposals crush risk appetite
The crypto market has come under fresh pressure after reports that President Joe Biden is looking t…
Shalini Nagarajan  Â
2 mins read
10 things before the opening bell
Coinbase partners with the NBA, ProShare's bitcoin futures ETF changes supply and demand, and a lis…
Phil Rosen  Â
2 mins read
Mike Novogratz compared this bitcoin crash to late 2017, when the market plunged into a 'winter' lasting years
Crypto billionaire Mike Novogratz said a boom in alternative coins was overwhelming bitcoin and the…
Harry Robertson  Â
1 min read
10 things you need to know before the opening bell
This is what traders are talking about.
Harry Robertson  Â
2 mins read
S&P 500 closes at record high in best week since February as investors brush off inflation concerns
The benchmark index had its best week since February, an investors digested economic data and remai…