Bitcoin, Ethereum, and other major coins rose Thursday evening as fears of a bear market in equities and a weaker dollar increased the appeal of the apex coin. The global cryptocurrency market cap rose 4.8% to $1.3 trillion.
Stablecoins have dominated the headlines in the world of cryptocurrency this week with the crash of several coins. The downward moves and negative connotations building for stablecoins could spell trouble for a SPAC deal that involves a leading stablecoin company.
Palantir Technologies Inc (NYSE: PLTR) was spiking more than 6% higher on Thursday, attempting to break up from a bull flag pattern on the daily chart.
The supply chain issues plaguing the globe have been particularly harsh on auto manufacturers. And while Tesla Inc (NASDAQ: TSLA) has still been increasing sales, even this company is not immune from the effects.