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a day ago
- Business
- Yahoo
Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs
Bitcoin's May rally showed strong momentum but faced pressure from late-month profit-taking. On-chain data signals long-term accumulation and sustained institutional confidence despite short-term volatility. Key drivers ahead: ETF flows, macro shifts, and reactions at $105K–$108K technical levels. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. Bitcoin delivered a strong performance in May, climbing nearly 20% to a new all-time high of $111,954. However, late-month selling pressure trimmed those gains, bringing the monthly advance down to around 10%. Still, the recent rally reflected solid momentum across both technical and fundamental indicators. As June begins, investors are watching closely for signs of another potential bullish leg. On-chain data suggests that Bitcoin's May rally was driven not only by speculative demand but also by rising confidence from both institutional and retail investors. Nearly 66,975 BTC—worth around $7.2 billion—were withdrawn from exchanges to private wallets during the month. This trend signals ongoing accumulation and a strong belief in Bitcoin's long-term upside. Throughout May, this accumulation helped sustain a broadly positive outlook, with occasional price surges triggered by FOMO-driven buying. At the same time, the growing share of long-term holders contributed to reduced selling pressure—further supporting Bitcoin's steady upward trend. On the macroeconomic front, several factors continue to support Bitcoin's upward trajectory. Easing global inflation has given central banks more flexibility to shift toward looser monetary policy. Meanwhile, a weakening US Dollar and falling real interest rates have boosted investor appetite for risk assets like Bitcoin. Bitcoin's growing correlation with equity markets and steady institutional inflows suggest that it is becoming increasingly integrated into the traditional financial system. This highlights a broader shift: Bitcoin is now being influenced more by global macroeconomic trends than by crypto-specific developments. Key issues shaping Bitcoin's recent price action include the US stance on tariffs and Federal Reserve policy. The US Federal Trade Court's initial decision to block tariffs provided brief relief to markets. However, that optimism faded quickly when an appeals court halted the cancellation, reigniting uncertainty. As this chaotic environment around trade policy resurfaced, Bitcoin's recent pullback gained momentum. Today, markets await the release of the Personal Consumption Expenditures (PCE) index, the Fed's preferred gauge of inflation. A softer-than-expected reading could ease concerns about inflation and strengthen expectations of a more dovish stance from the Fed—potentially providing indirect support for Bitcoin. Meanwhile, Spot Bitcoin ETFs, which saw robust inflows throughout May, experienced net outflows toward the end of the month. This points to short-term investors locking in profits amid market uncertainty. However, the broader trend remains strong. Total inflows remain near $45 billion, underscoring continued institutional interest and a resilient medium-term outlook for Bitcoin. Bitcoin currently holds strong potential to extend its uptrend, supported by favorable macroeconomic conditions, robust demand, and sustained accumulation by long-term holders. However, in the short term, the market remains sensitive to pullbacks triggered by profit-taking. As we move into June, price action around key technical levels will be crucial to watch. ETF flows, continued accumulation trends, and macroeconomic signals remain the primary drivers influencing Bitcoin's trajectory. Although Bitcoin made another push toward the $110,000 mark earlier this week, profit-taking intensified following the sharp retreat on May 23. Midweek, the cryptocurrency lost support at $108,000, breaking below the uptrend that began in April. The lower boundary of the ascending channel also aligned with the 8-day Exponential Moving Average (EMA), which had served as dynamic support in the short term. By the end of the week, Bitcoin is testing intermediate support at the 21-day EMA, currently around $105,300. Holding this level on daily closes could help contain the current pullback. However, reclaiming the $108,000 zone is critical for resuming the uptrend. A successful breakout could restore bullish momentum and open the door to the next target range between $114,000 and $125,000. On the downside, a break below $105,000 could trigger a move toward the early-May support zone near $102,500. If bearish momentum continues, the psychologically significant $100,000 level will be the next key support to watch. Despite short-term volatility, Bitcoin's medium- and long-term outlook remains constructive. Any corrective moves may simply broaden the current uptrend channel and provide new entry points for long-term investors. ****Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services. Related articles Bitcoin: ETF Flows Slow, but Accumulation Signals Show Uptrend Has Legs Ethereum: Retail Still Absent, but Rally Is Gaining Strength Bitcoin: New All-Time Highs in Sight as ETF Inflows Show No Signs of Slowing Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
2 days ago
- Business
- Yahoo
Nvidia Rides the AI Supercycle With Another Beat - And Still Looks Underpriced
Nvidia reported strong quarterly results, with the stock gaining 5% after-hours. Data centers led revenue growth while the gaming segment was up 42% year-on-year. Export restrictions in China caused $2.5 billion write-offs; risks remain. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. NVIDIA Corporation (NASDAQ:NVDA) is usually the last of the big tech companies to report its quarterly results, and it followed that pattern again this time. The numbers released after yesterday's session were positive, as shown by the stock's 5% gain in after-hours trading. Along with the results, Nvidia's management also shared very optimistic comments, similar to last quarter. CEO Jensen Huang highlighted that their latest product, the Blackwell NVL72, puts Nvidia at the center of the global AI boom. He believes this trend will speed up even more, driving stronger demand. Despite some challenges with exports to China, this sets up a strong case for the stock to keep rising. Here are the key financial results for Nvidia's first quarter of fiscal year 2026: Nvidia has now grown both its revenue and earnings per share every quarter for over two years, consistently beating market expectations — including this quarter. Looking closer at the numbers, data centers remain the company's top revenue driver, bringing in $39.1 billion, a 10% increase from last year. The gaming segment also showed strong momentum. While it generated a much smaller $3.8 billion in revenue, that figure was up 42% year-on-year, a positive sign for future growth. On the strategic front, Nvidia announced plans to build factories in the US with its partners. These will form the core infrastructure for producing supercomputers powered by Nvidia's top products. The company also said similar investments are planned in Saudi Arabia and the United Arab Emirates. Alongside the positive news, there are also some challenges that weigh on Nvidia's overall outlook. The biggest issue is the ongoing restrictions on selling advanced technology to China, one of Nvidia's key markets. Last month, it was confirmed that selling H20 chips to China now requires special licenses. As a result, Nvidia had to write off $2.5 billion in unrealized sales. Looking ahead, losses are expected to increase. In the next quarter, the company may have to write down as much as $8 billion for similar reasons. Despite these headwinds, Nvidia has forecast revenue of around $45 billion for the upcoming quarter, with a margin of error of 2%. In after-hours trading, Nvidia's stock is hovering around $141 per share, a level where there is strong selling pressure. If the stock can break through this zone—which appears likely—it could move toward its all-time high near $152 per share. If Nvidia's steep uptrend line is broken, it may not signal a full reversal of the long-term upward trend. However, it could lead to a pullback toward the support level around $122 per share. ****Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services. Related articles Nvidia Rides the AI Supercycle With Another Beat - And Still Looks Underpriced 1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Kohl's 4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs Sign in to access your portfolio
Yahoo
2 days ago
- Business
- Yahoo
Nvidia Rides the AI Supercycle With Another Beat - And Still Looks Underpriced
Nvidia reported strong quarterly results, with the stock gaining 5% after-hours. Data centers led revenue growth while the gaming segment was up 42% year-on-year. Export restrictions in China caused $2.5 billion write-offs; risks remain. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. NVIDIA Corporation (NASDAQ:NVDA) is usually the last of the big tech companies to report its quarterly results, and it followed that pattern again this time. The numbers released after yesterday's session were positive, as shown by the stock's 5% gain in after-hours trading. Along with the results, Nvidia's management also shared very optimistic comments, similar to last quarter. CEO Jensen Huang highlighted that their latest product, the Blackwell NVL72, puts Nvidia at the center of the global AI boom. He believes this trend will speed up even more, driving stronger demand. Despite some challenges with exports to China, this sets up a strong case for the stock to keep rising. Here are the key financial results for Nvidia's first quarter of fiscal year 2026: Nvidia has now grown both its revenue and earnings per share every quarter for over two years, consistently beating market expectations — including this quarter. Looking closer at the numbers, data centers remain the company's top revenue driver, bringing in $39.1 billion, a 10% increase from last year. The gaming segment also showed strong momentum. While it generated a much smaller $3.8 billion in revenue, that figure was up 42% year-on-year, a positive sign for future growth. On the strategic front, Nvidia announced plans to build factories in the US with its partners. These will form the core infrastructure for producing supercomputers powered by Nvidia's top products. The company also said similar investments are planned in Saudi Arabia and the United Arab Emirates. Alongside the positive news, there are also some challenges that weigh on Nvidia's overall outlook. The biggest issue is the ongoing restrictions on selling advanced technology to China, one of Nvidia's key markets. Last month, it was confirmed that selling H20 chips to China now requires special licenses. As a result, Nvidia had to write off $2.5 billion in unrealized sales. Looking ahead, losses are expected to increase. In the next quarter, the company may have to write down as much as $8 billion for similar reasons. Despite these headwinds, Nvidia has forecast revenue of around $45 billion for the upcoming quarter, with a margin of error of 2%. In after-hours trading, Nvidia's stock is hovering around $141 per share, a level where there is strong selling pressure. If the stock can break through this zone—which appears likely—it could move toward its all-time high near $152 per share. If Nvidia's steep uptrend line is broken, it may not signal a full reversal of the long-term upward trend. However, it could lead to a pullback toward the support level around $122 per share. ****Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services. Related articles Nvidia Rides the AI Supercycle With Another Beat - And Still Looks Underpriced 1 Stock to Buy, 1 Stock to Sell This Week: Nvidia, Kohl's 4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs Sign in to access your portfolio
Yahoo
3 days ago
- Business
- Yahoo
Gold Eyes Breakout Above $3,380 as Long-Term Drivers Stay Firmly in Place
Tariff tensions and policy shifts continue to drive short-term moves in gold prices. Rising debt and fiscal uncertainty could support gold despite higher bond yields. Key levels: break below $3300 may extend losses, but above $3380 signals recovery. Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. In recent weeks, gold prices have mostly followed news about the ongoing tariff war, which keeps changing quickly. Lately, tensions between the US and China have eased a bit, with some tariffs being reduced. But at the same time, the situation with the European Union has become more tense. For now, the planned increase in tariffs on EU goods to 50% has been delayed until July 9, putting us in a temporary period of calm. Gold prices have bounced back slightly in the short term, but there is no strong signal that the long-term upward trend is ending. Investors might see these short-term dips as chances to buy at better prices. One major event this week that could impact the US economy—and indirectly affect the US Dollar and gold—was Moody's decision to lower the US credit rating from AAA to AA1. While this downgrade was expected in the short term, it may have longer-term effects on gold prices. The main reason for the downgrade is the government's loose fiscal policy, with no clear plan to reduce spending or increase revenue. A new tax and spending bill has recently been passed that cuts taxes but increases spending on areas like defense and illegal immigration. Conservative estimates suggest this law could add $3.8 trillion to the national debt. This growing debt and lack of fiscal discipline could influence investor confidence and, over time, support higher gold prices. On one hand, rising yields on long-term US government bonds are generally negative for gold prices. However, the growing government debt and the risk of rising inflation may still support demand for gold in the long run. In the short to medium term, interest rates set by the Federal Reserve play a key role in shaping the value of US Treasury bonds, the US dollar, and gold. Since the Fed's last meeting, expectations for the first rate cut have moved to September. Also, markets now expect only two cuts this year, down from three expected last month. This shift supports the view that gold's recent upward momentum may slow for now. Still, much of this has already been priced in by the market, and investors are now waiting for new signals to determine the next direction. For a little over a month, gold prices have been going through a broad correction within the larger upward trend. The recent low was just above $3100 per ounce. Right now, gold is in a recovery phase, with the next target around the previous highs near $3450 per ounce. In the short term, we can clearly see a recent downward move. Combined with the developing price channel, this could lead to a further drop. If the lower edge of the flag pattern is broken, gold may head toward the support zone around $3300 per ounce. If the $3300 support zone is broken, the next target for sellers could be around $3250 per ounce. On the other hand, if the price moves above $3380, it would likely cancel the chance of a deeper correction. ****Be sure to check out InvestingPro to stay in sync with the market trend and what it means for your trading. Whether you're a novice investor or a seasoned trader, leveraging InvestingPro can unlock a world of investment opportunities while minimizing risks amid the challenging market AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. Disclaimer: This article is written for informational purposes only. It is not intended to encourage the purchase of assets in any way, nor does it constitute a solicitation, offer, recommendation or suggestion to invest. I would like to remind you that all assets are evaluated from multiple perspectives and are highly risky, so any investment decision and the associated risk rests with the investor. We also do not provide any investment advisory services. Related articles Gold Eyes Breakout Above $3,380 as Long-Term Drivers Stay Firmly in Place Silver: Bulls Seek Fresh Catalyst as Strong Demand Fails to Move the Needle Ethereum: Retail Still Absent, but Rally Is Gaining Strength Error in retrieving data Sign in to access your portfolio Error in retrieving data
Yahoo
24-05-2025
- Business
- Yahoo
4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs
Bitcoin has reached a new all-time high, surpassing $111,000. Several crypto-related stocks may gain in the short term from Bitcoin's rise. But are all of these stocks still good investments? Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. After months of waiting, Bitcoin has finally hit new record highs, reaching about $111,900. BTC/USD first hit a high of $109,874 in the late afternoon, then dropped to $106,200 an hour later, before climbing again to reach today's new peak. Many analysts believe this sudden rise is due to growing concerns about the US Dollar and government debt. Last Friday, Moody's downgraded the US credit rating, which triggered a wave of doubt in the market. With President Donald Trump pushing for big spending and tax cuts, there is little hope that the situation will improve soon. This uncertainty is showing up in rising US interest rates and a falling Dollar Index—a rare combination that signals declining trust in the US economy. So, Bitcoin is rising not because investors feel hopeful, but because the current instability is making it look more like a safe-haven asset. More companies are now treating Bitcoin as a long-term store of value and adding it to their balance sheets. However, the cautious tone in the broader stock market is unlikely to stop several crypto-related stocks from reacting positively to Bitcoin's new all-time high during Thursday's session. Strategy (NASDAQ:MSTR)(ex-MicroStrategy), Coinbase (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), and Marathon Digital (NASDAQ:MARA) all posted gains in after-hours trading on Wednesday and will be worth watching closely on Thursday. That said, these stocks are not necessarily the top picks in the tech sector right now. In fact, we have grouped them into an InvestingPro watchlist, which currently shows a mixed outlook. Indeed, according to InvestingPro's Fair Value—which combines several well-known financial models—most of these stocks appear overvalued, with the exception of Riot Platforms. For instance, Coinbase is currently overvalued by nearly 25% based on its Fair Value estimate. Meanwhile, Marathon Digital, Riot Platforms, and MicroStrategy all have below-average health scores. On the brighter side, analysts' price targets suggest strong upside potential for Riot Platforms (+69.7%) and MicroStrategy (+38.3%). Overall, while these stocks offer a way to gain exposure to Bitcoin through the stock market, investors should keep in mind that ETFs now offer a more direct route—and may want to explore other opportunities in the tech sector as well. This AI's technology stock picks sparkle in May In this context, it is worth noting that InvestingPro subscribers have already seen solid gains this month from several tech stocks highlighted in the May edition of the Tech Titans strategy, managed by In fact, out of the 15 stocks tracked by this strategy since the start of the month, 13 have gained over the past three weeks, while the two that declined posted only minor losses. In addition, no fewer than 6 stocks in the portfolio have delivered double-digit gains since the beginning of the month: +10.3%, +10.5%, +15.3%, +18.9%, +20.3% and +28.9%. However, several of the stocks identified earlier this month in the Tech Titans strategy still show strong upside potential heading into the final days of the month. Then, on June 1, the strategy will reassess an updated list of stocks for the new month—some will be removed from the portfolio, while new ones will be added. It is also worth noting that May is not the first month the Tech Titans strategy has significantly outperformed the market, as its historical performance clearly shows: Also note that the Tech Titans strategy is available to InvestingPro subscribers along with more than 30 other thematic and regional strategies, all managed by AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. ****Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counseling or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk remains with the investor." Related articles 4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs 10 Value Plays Quietly Positioning for Up to 50% Upside in 2025 Dip-Buyers Win Big in 2025 - But Can the Strategy Keep Working From Here?
