Cryptocurrency Market Update: XRP Struggles, Bitcoin Breaks Out, and Solana Soars
The cryptocurrency landscape evolves, recent developments highlight a stark contrast among the top ten digital assets. While Bitcoin is experiencing a significant breakout, XRP is struggling to maintain its momentum. Meanwhile, Solana is making headlines with a notable price surge. Let’s delve into the details.
XRP’s Ongoing Struggles
XRP has been the weakest performer in the top ten cryptocurrencies,
Read MoreYour Questions Answered: I want to invest in mutual funds tracking Nifty 100 Index. Please elaborate on pros and cons
Q. I am a marine engineer working with a PSU in Maharashtra. My wife is a beautician running her own beauty parlour. We have been investing in ELSS mutual funds for the past 7 years. We want to diversify and invest in non-ELSS mutual funds. We would prefer investing in the large-cap sector through the index mutual funds route.
Canadian mutual fund net sales just $790 million last month while ETFs accelerate
However, mutual funds still posted net sales, marking positive figures for the whole of the third quarter and for five of the first nine months of 2024. September net sales were recorded by bonds with $2.3 billion (this asset class has been positive every month this year) and specialty with $396 million.
Mutual fund assets gained $40.5 billion or 1.9% month-over-month to almost $2.9 trillion.
Read MoreIf I Could Only Buy 3 Warren Buffett Stocks Through 2025, I'd Pick These Dividend Stocks
Warren Buffett-led Berkshire Hathaway surpassed $1 trillion in market capitalization earlier this year for the first time. For decades, investors have tracked the Oracle of Omaha’s holdings for high-conviction ideas. However, Berkshire has been trimming several top positions this year, including Apple and Bank of America.
Berkshire now has just $320 billion in public equity holdings and has amassed a staggering $276.9 billion in cash as of June 30.
Read MoreIndustries with the most at stake in presidential election
The U.S. election next month will be a clash of visions that reverberates through the global economy for years to come.
Kamala Harris and Donald Trump in some cases have skirted how they will handle pivotal issues for major industries such as technology. Crucially, that includes how each candidate would proceed on antitrust efforts targeting the tech giants in the wake of the Biden administration’s stepped-up enforcement.
» Read more about: Industries with the most at stake in presidential election »
Read MoreThe Burst
Top Metaverse Stock Invests More Than NASA
Meta Platforms hasn’t had such a great start to 2022. The release of the company’s disastrous fourth-quarter results in February caused a one-day sell-off that saw its share price decline by almost $100 a piece, with the stock now down overall by more than 40% year-to-date.
Fortunately, the firm’s latest Q1 earnings report finally delivered some positive news for investors.
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Read MoreThe Ivy
79.4% Upside on Massively Undervalued Stock
Investment Alert: Buy MED Under $$103/share
Disclaimer: Investment Alerts have a medium to long-term time horizon. These do not constitute financial advice and you should contact a financial advisor before deciding whether it is appropriate for your individual circumstances.
Key Points
- Medifast,
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