Is bitcoin headed to $100,000 in 2021 or is its price ‘unsustainable’?

Bitcoin seems to be headed down - but how low will it go before rebounding?

For more articles like this, please visit us at bloomberg. Crammed between the cultural extremes of the baby boomers and the millennials, members of Generation X saw their wealth jump during the Trump administration and through the coronavirus pandemic as they hit their prime earning years during a record bull market for stocks. A byproduct of population aging as the World War Two-era Silent Generation and the boomers who followed both decline as a share of households, the shift nonetheless marks a passing of the torch of sorts.

Bloomberg -- The family office of former Tiger Management trader Bill Hwang was behind the unprecedented selling of some U. The companies involved ranged from Chinese technology giants to U. S, according to an email to clients seen by Bloomberg News.

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ViacomCBS and Discovery posted their biggest declines ever Friday, after the selling and analyst downgrades. The liquidation had triggered price swings for every stock involved in the high-volume transactions, rattling traders. Hwang was an institutional stock salesman at Hyundai Securities Co. Updates with reasons behind selling in second paragraph For more articles like this, please visit us at bloomberg.

Wall Street's main indexes fell on Monday after a surge in the previous session, as global banks said they faced potential losses of billion of dollars from a hedge fund's default on margin calls. Nomura and Credit Suisse warned of significant hit after the U. After getting furloughed by American Airlines, and watching her side gig leading trips outside of the US evaporate overnight at the start of the pandemic, Brittany Floyd felt unsettled.

3 Things NOT To Do When Bitcoin is Dropping

Having lived across every aspect of the income scale—she grew up in a low-income household, where her mother worked as a custodian and her father as a construction worker—she had no intention of going back to a life of financial struggle. The pandemic had Floyd thinking about wanting to be financially independent and not having all her money tied up in one sector of the economy. Bloomberg -- A global semiconductor shortage has upended the supply of everyday devices from smartphones to gaming consoles to tech-dependent cars.

With companies warning the issue may last into the second half, the fallout threatens to weigh on share prices for months to come.

Since news broke in November that Apple Inc. Truckmaker Volvo Group and electric-vehicle company Nio Inc. The lack of chips has been caused by booming demand for tech gear, in large part because of the pandemic, and winter weather in Texas and a fire in Japan have added to the problem. It triggered a 6.

In Japan, shares of Toyota Motor Corp. Daiwa Securities cited the chip shortage in downgrading the stock and cutting estimates for this year and next. China is dealing with unrelated chip-supply issues of its own. Smartphone maker Xiaomi Corp. One positive aspect of the chip shortage: With demand for consumer electronics as strong as it is, it gives companies the power to raise prices and pass on higher costs, said Neil Campling, an analyst at Mirabaud Securities. Lenovo Group Ltd. Sony Corp.

Why Is the Price of Bitcoin Falling & When Will It Stop?

While Samsung Electronics Co. Samsung this month warned of problems, including the possible cancellation of the launch of its new Galaxy Note, one of its best-selling smartphone models. Makers of networking equipment also have been feeling the pinch. Analysts at Oddo BHF flagged a DigiTimes report that the lead times for deliveries of networking chips are extending to as long as 50 weeks, suggesting that the chip shortage has also reached the networking segment and will likely last into early next year.

ChipmakersWhile automakers have struggled, the flip side of the semiconductor shortage is that the companies supplying those chips could see a boost to their business.

Don’t sell your coins for ones that are going up.

Most semiconductor companies should report strong results for the first quarter and give good guidance for the second, said Janardan Menon, an analyst at Liberum Capital Ltd. In the U. There are also broader winners from the shortages in the semiconductor industry, with chip foundries such as leader Taiwan Semiconductor Manufacturing Co. Semiconductor-Equipment ManufacturersThe makers of equipment used to produce semiconductors are benefiting from the supply crunch as chipmakers rush to add capacity to their factories and governments concerned about national security risks are looking at measures to encourage local production.

The combination has created a spending environment that some analysts say will benefit the industry for years. Teng Yue Partners founder Tao Li also said in a brief note over the weekend that he sees a lot of buying opportunities, according to a fund investor. Banks including Goldman Sachs Group Inc. That suggests that Li trades few, if any, U.

The pessimism underscores the mounting difficulties faced by Prime Minister Boris Johnson. JPMorgan offers two theories as to why prices have climbed to records on relatively modest new interest.

Is Bitcoin the new safe haven or heading for another crash?

The institution says that the inelastic supply of bitcoin from mining and a premium being offered to existing holders to part ways with their coins is helping buoy prices. The other possibility, JPMorgan says, is that individual investors are delivering a bigger jolt to bitcoin prices than previously estimated. In any case, bitcoin prices remain elevated on the back of growing attention from traditional investors. The Dow Jones Industrial Average undefined lost points, 0.

Why Is Bitcoin At All-Time Highs? – Forbes Advisor

The Nasdaq Composite index undefined was off 35 points, 0. Shares of Boeing Co. Meanwhile, bond yields remained tame, with the year U. Treasury note undefined down about 3 basis points to 1. Karnataka govt rules out lockdown, but tightens Covid curbs amid surge. Details here 2 min read. Another lockdown in Delhi?

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Wall Street update: Banks lead stocks lower on hedge fund default concerns 2 min read. Gold prices today fall sharply to one-year lows, silver rates drop 1 min read. Subscribe to Mint Newsletters.