Cryptocurrencies

Bitcoin and Ethereum touch all-time high in October

October marked a record-breaking month for cryptocurrencies with Bitcoin touching its all-time high in October. With bitcoin price soaring, the market cap for bitcoin also breached the 1 trillion threshold. The second largest cryptocurrency – Ethereum, also touched its all-time high of USD 4,402 in October, on the back of upward crypto momentum and a recent technical upgrade to the Ethereum network. Ethereum based meme cryptocurrency – Shiba Inu soared 155% in the last week of October and 1,000% over...

Major Global Investment Themes of 2020 – Tech stocks and Cryptocurrencies

Technology stocks benefit from the pandemic and significantly outperform the benchmark index The top tech companies in the world were among the big winners with the pandemic accelerating the adoption of technology. Apple, Amazon, Netflix, Google, Facebook and Microsoft stocks saw huge gains this year as demand for e-commerce, online advertising and cloud computing during the pandemic led to soaring revenues. Social distancing guidelines resulted in many employees working from home. The biggest winner due to this shift was Zoom...