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It seems it s the latest target of a retail-trading frenzy which has set financial markets on edge. Organised in online forums and traded with fee-free brokers, the phenomenon has driven a 1,500 percent rally in the shares of the video game retailer GameStop as the crowd scoops up assets which big fund managers had bet against. There has since been thousands of online users on Reddit and YouTube suggesting a rise in the physical price of silver could once again hurt large investors who have bets on it falling. Spot silver leapt more than 11 percent in London to $30.03 an ounce. It took gains to about 19 percent since last Wednesday and the price to its highest since February 2013. ....
How risky is Dogecoin? The dangers of buying cryptocurrency on apps like Robinhood Updated: 8 Feb 2021, 18:57 DOGECOIN surged in value by more than 900% in 24 hours earlier this week, encouraging amateur investors to get in on the action. Many are looking to apps like Robinhood and UStocktrade to help them to invest in the cryptocurrency - but these come with their own risks. 2 Dogecoin was initially created as a joke, a parody of BitcoinCredit: Alamy Buying cryptocurrency is a seriously risky businesses too and you must be prepared to lose all of your cash if things go wrong. They re highly volatile meaning your cash can go down as well as up in no time at all. ....
The price of bitcoin hit record highs over the Christmas period and touched $28,500 yesterday, setting it on track for its longest monthly winning streak in more than a year. The cryptocurrency has been rising in recent months, with the run of returns over October, November and December so far being its longest stretch since the middle of 2019. The price has fallen by 4 per cent today and currently stands at $26,596 per coin, but this is still roughly $10,000 more a coin than a month ago and year lows in March which saw it dip below the $4,000 mark. Bitcoin has been rising significantly recently, reaching an all-time high of $28,365 on Sunday ....