Despite the optimistic claims ahead of the initial public offering (IPO) and the subsequent bullish forecasts, investing in SpaceX (NASDAQ: SPCX) stock as soon as it became available would not have been a lucrative move by press time on August 28. Specifically, though SPCX enjoyed a strong recovery during the month that took the equity
Michael Saylor’s Strategy (MSTR) stock is making a strong comeback, jumping nearly 40% in one month from around $82 to $140. The rally comes as Bitcoin recovered from the $60,000 range to above $80,650, giving a major boost to one of the market’s biggest Bitcoin-linked stocks. Strategy’s large $BTC holdings have also turned earlier paper
After enjoying a 5.40% climb to its latest closing price of $61.47 over the last 30 days of trading, PayPal (NASDAQ: PYPL) stock suffered a sudden and steep reversal in the night between Thursday and Friday, August 28. Specifically, PYPL shares remained level in the latest after-hours session but collapsed 14.67% to $52.45 as the
DeFiLlama data shows that many pre-IPO tech firms have witnessed their private valuations more than double in the past year, with AI companies now occupying the top two places on DeFiLlama’s board. The ranking sends a strong message to the worldwide AI industry. The largest sources of private capital are gravitating toward frontier model developers
Stripe and Advent International have walked away from their roughly $53 billion attempt to buy PayPal. Had it gone through, the deal would have been the biggest fintech takeover on record. The announcement sent PayPal’s stock down sharply before Friday’s open. Why didn’t Stripe and Advent acquire PayPal? Stripe, the privately held payments firm, and
Bitcoin ($BTC) saw volatility after Friday’s Wall Street open as markets reacted to US Federal Reserve chair Kevin Warsh’s comments on future monetary policy. Key points: Bitcoin initially fell during Fed chair Kevin Warsh’s Jackson Hole keynote speech before circling $79,500. Warsh said he sees no trend change in inflation despite recent lower PCE and
According to some metrics, Bitcoin ($BTC) has ended its bear market as a composite $BTC price indicator flips bullish for the first time since October 2025. Key points: Bitcoin has exited its 2026 bear market, Ki Young Ju says as a profitability metric prints a positive reading of 0.042. The breakout from negative to positive
Bitcoin, the leading cryptocurrency, surged above $81,000 during the week, but then dropped to around $78,000 following Federal Reserve Chairman Kevin Warsh’s hawkish speech at Jackson Hole. However, it subsequently recovered back above $79,000. While the market wonders whether $BTC will continue its upward trend, the analysis company Alphractal has shared its updated assessment of