Russian Market

2022-04-26 15:25:27 Will buyers buy the dip?

A total of 178 companies are reporting this week, with Microsoft, Alphabet, Intel, and Visa reporting tonight. Earnings reports from yesterday and this morning are net positive with some of the industrial/cyclical companies posting great results. Firms are enjoying solid underlying demand and they’re having a ton of success pushing through price hikes while managing ongoing supply chain challenges. The question is whether the 4,200 level will provide firm support for the S&P500.

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2022-04-26 14:29:58 US authorities accuse two foreigners of conspiring to help North Korea evade sanctions

Spanish citizen Alejandro Cao de Benos and British citizen Christopher Emms were accused of recruiting former Ethereum researcher Virgil Griffith to illegally provide cryptocurrency and blockchain technology services to North Korea.

Prosecutors said Cao de Benos and Emms arranged for Griffith to travel to North Korea via China in April 2019 to attend their Pyongyang Blockchain and Cryptocurrency Conference.

At the conference, Emms and Griffith allegedly taught members of the North Korean government and other attendees how to use cutting-edge blockchain and cryptocurrencies to bypass sanctions and launder money.

Cao de Benos, 47, and Emms, 30, face up to 20 years in prison if proven guilty.

In April 2022, Griffith was sentenced to 63 months in prison and fined $100,000 after pleading guilty to a conspiracy charge.

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2022-04-26 11:26:53 Market Overview

BTC price trades above $40K

The Top-10 are traded in green zone:
DOGE +25%
LUNA +7.4%
ETH +5.1%

Market cap: $1.97T (+4.4%)
BTC dominance: 39.09% (-0.35%)
Fear & Greed Index: 27 (Fear) Open / Comment

2022-04-25 22:17:09 DOGE skyrockets Open / Comment

2022-04-25 22:12:00 Elon Musk buys Twitter

Twitter agreed to be taken over at $54.20 a share, a 38 percent premium over the stock price. Aaccording to data compiled by Dealogic, it would be the largest deal to take a company private.

"Free speech is the bedrock of a functioning democracy, and Twitter is the digital town square where matters vital to the future of humanity are debated," Musk said in a statement announcing the deal. He said he wanted “to make Twitter better than ever."

In a statement, Bret Taylor, Twitter’s chairman, said the board had "conducted a thoughtful and comprehensive process to assess Elon’s proposal with a deliberate focus on value, certainty, and financing. The proposed transaction will deliver a substantial cash premium, and we believe it is the best path forward for Twitter’s stockholders."

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2022-04-25 16:04:06 Dogecoin up 12% on reports Twitter will reconsider Elon Musk offer

Dogecoin jumped more than 12% to hit $0.14 in the past hour following reports that Twitter is expected to make a deal with Elon Musk on Monday.

The billionaire plans to acquire the social network for $43 billion. According to sources, an agreement on the sale of Twitter to Elon Musk could be reached today, and the announcement could happen after the meeting of the board of directors.

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2022-04-25 16:00:30 Most anticipated earnings this week

It’s a big week for tech earnings and big tech profits will be pivotal for growth stocks. Of the 19% of the S&P500 that has reported so far, 77% are beating estimates.

The U.S. consumer is holding up by some measures despite sticky inflation, but spending is shifting from goods to services as society re-opens.

Overall demand is strong, though supply chain issues and cost pressures are hurting margins, a reason why many companies, so far, have decided to not raise their full-year outlook.

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2022-04-25 15:50:24 Top 10 coins mentioned on Twitter last week

BTC — 3,349,114
ETH — 2,831,129
DOGE — 528,497
CAKE — 436,385
XTZ — 397,816
SHIB — 376,261
BABYDOGE — 370,463
RARI — 236,582
ADA — 235,345
XRP — 224,450

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2022-04-25 12:27:25 Volatility spikes amid rising uncertainty

Volatility from extreme expectations of rate hikes continues. Markets are also facing the prospects of more headwinds to global growth amid new Covid outbreaks in China.

On Monday, markets are sent tumbling with the panic selling the greatest in China, with Shanghai stocks falling 5% and the Shenzen Composite Index dropping 6%.

The CBOE Volatility Index, also referred to as the "fear index" surged to more than 29, a level last seen close to the March lows for major stock indices.

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2022-04-25 12:23:25 Will Bitcoin hold above $38K?

Extreme fear is pushing traders to sell all risk assets together: stocks, commodities, and crypto. The Crypto Fear & Greed Index is heading back into the "extreme fear" zone, and funding rates data from Coinglass confirmed the majority of market participants expect shorting to be a profitable next trade.

If prior March lows and already very negative sentiment are any indication, the level of $38,000 could likely hold. If it doesn't the next major support level is around $36,000. If the market turns, major resistance stands at $40,000.

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t.me/therussianmarket Open / Comment