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Latest Crypto NewsThu, 26 Jan 2023 09:01:17 +0000en-US
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3232Dow Futures Ink Slight Gains as Investors Digest Corporate Earnings Result
https://cryptocurrencypanther.com/2023/01/26/dow-futures-ink-slight-gains-as-investors-digest-corporate-earnings-result/
https://cryptocurrencypanther.com/2023/01/26/dow-futures-ink-slight-gains-as-investors-digest-corporate-earnings-result/#respondThu, 26 Jan 2023 09:01:17 +0000https://cryptocurrencypanther.com/2023/01/26/dow-futures-ink-slight-gains-as-investors-digest-corporate-earnings-result/
When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures.
The United States stock market is seeing a great deal of mixed activity with the futures tied to the Dow Jones Industrial Average (INDEXDJX: .DJI) soaring up by inching upward by 0.01%. Investors are somewhat showing positivity for the market after digesting some of the earnings reports that have been published thus far.
Futures tied to the S&P 500 (INDEXSP: .INX) are also up 0.1% while those tied to the tech-heavy Nasdaq Composite (INDEXNASDAQ: .IXIC) also inked forward with a 0.33% gain. The sentiments shared by these futures are miles apart from the actual of both the S&P 500 and the Nasdaq Composite, both of which closed Wednesday’s trading session at a loss. Dow Jones on the other hand ended the day with a 9.88-point surge at 0.029% gain.
Tesla Inc (NASDAQ: TSLA), an American multinational electric vehicle manufacturer, was among the companies that shared its performance report for the past quarter, beating analysts’ expectations on both the top and bottom lines. While Tesla’s reported revenue came in at $24.32 billion above analysts’ expectations of $24.16 billion, its earnings per share price of $1.19 also surpassed the $1.13 projected by analysts.
The shares of Tesla Inc are responding to the positive earnings report with a 5.48% growth in the After Hours, paring off the slight bearish close to Wednesday’s trading session. Tesla also reported that it has not sold off its remaining Bitcoin (BTC) holding, despite the recent bullish spikes that the crypto industry has experienced thus far.
In continuation of the earnings season, the financial reports from most of the big operating airlines in the United States, including American Airlines Group Inc NASDAQ: AAL), and Southwest Airlines Co (NYSE: LUV) are also set to be announced today.
Dow Futures and the Broad Growth Advantage
When most of the legacy stocks perform well, there is always a significant rub-off on the Dow Futures. IBM (NYSE: IBM) recorded an impressive performance in beating projected revenue milestones from analysts impressed at a time when most SaaS firms are seeing a cushion across the board.
“Software up 8%, consulting up 9%, infrastructure up 7%. All three beat. The software line certainly was a very important piece because of what we got from Microsoft last night. So I think they’re taking share. Red Hat is absolutely taking share,” said Stephanie Link.
Despite this good outlook for IBM, the stock dipped slightly at the close of trading on Wednesday, bearish traction that it has also picked up in the After Hours session. With her conviction, Link said this dip presents another buying opportunity for her.
“The stock is very cheap with a good dividend yield. So if it is cheap for whatever reason, I’m a buyer,” She said.
With mixed expectations concerning the future of interest rates from the Federal Reserve, investors are still choosing to be relatively cautious with the market at this time.
Benjamin Godfrey is a blockchain enthusiast and journalists who relish writing about the real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desires to educate people about cryptocurrencies inspires his contributions to renowned blockchain based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
]]>https://cryptocurrencypanther.com/2023/01/26/dow-futures-ink-slight-gains-as-investors-digest-corporate-earnings-result/feed/0Crypto tattoos to the moon! Bitcoin and Doge ink searches doubled last year
https://cryptocurrencypanther.com/2022/03/22/crypto-tattoos-to-the-moon-bitcoin-and-doge-ink-searches-doubled-last-year/
https://cryptocurrencypanther.com/2022/03/22/crypto-tattoos-to-the-moon-bitcoin-and-doge-ink-searches-doubled-last-year/#respondTue, 22 Mar 2022 16:00:58 +0000https://cryptocurrencypanther.com/2022/03/22/crypto-tattoos-to-the-moon-bitcoin-and-doge-ink-searches-doubled-last-year/
The crypto ecosystem houses some devoted followers who have had the logo of their favorite cryptocurrency etched on their skin for life.
According to the latest data from Crypto Head, more than 900 people worldwide have inked themselves with the Bitcoin (BTC) “B” while Dogecoin (DOGE) and Ethereum (ETH) tattoos are on the rise.
The research analyzed “Instagram hashtags and Google search volumes,” revealing crypto tattoo searches have increased by 222%. Despite lackluster price action, more and more crypto enthusiasts seek to get inked with a crypto logo.
— ₿ Didi Taihuttu ₿ ALLIN (@Diditaihuttu) March 21, 2022
For followers of the first and seminal cryptocurrency, Bitcoin tattoos have been around for almost a decade while influential Bitcoiners were quick to ink themselves. Didi Taihuttu, a Bitcoin showman and father of the Bitcoin Family, was an early adopter of Bitcoin ink in 2017. His tattoo represents “freedom and no longer being part of the system.”
Anita Posch, a Bitcoin author and podcaster, has a lightning bolt tattooed on her forearm. She explained in a German language Bitcoin documentary called “Human B” that the tattoo “represents energy.” A recipient of a recent Human Rights Foundation grant distributed in Satoshis, Posch is a passionate advocate for the Lightning Network.
Anita Posch’ lightning tattoo on her right forearm. Souce: “Human B,” Youtube
While Dogecoin is deep outside the top five cryptocurrencies, it remains the second most popular cryptocurrency tattoo search with 700 average monthly searches. However, the Dogecoin hype of 2021 is clearly on the wane.
A huge peak in searches for Doge tattoo in early 2021 has since dropped off (in red), despite Doge’s biggest fan, Elon Musk, continuing to popularize the currency.
Google trends for crypto tattoo searches. Source: Google
Plus, some of the Dogecoin tattoos on Instagram are a stretch from the logo of the original Shiba Inu dog.
Dogecoin tattoo. Source: Instagram
As for cryptocurrency tattoos, Ethereum’s logo of an octahedron, a diamond-shaped geometric figure is less inked, with only 6 Instagram posts. However, NFT tattoos, which were popularised on the Ethereum blockchain, have been gaining in popularity.
During the peak for NFT tattoos in late 2021 — as shown on the Google Trends graph — one Lazy Lion NFT collector said that if the floor price for the Lazy Lions reached 2 ETH, they would tattoo themselves.