The stock of NVIDIA Corp. broke through the support level of $508 on Jan. 8, 2024 and reached $823.94 on Feb. 23. The rally is explained by growth in demand on high-end GPUs from the companies in AI sector. Should we expect the rally to continue? Short term: Based on technical indicators (MACD), the stock …
Month: February 2024
How Much Assets are Backing Bitcoint ETFs?
Bitcoin spot ETF is a new instrument that recently became available for traders. It may be interesting to take a look at total assets (Bitcoin) held by major ETFs and investment trust funds tracking spot Bitcoin price. At the time of writing, the ETFs are still representing negligibly small fraction of 1T Bitcoin market. Bitcoin …