Cryptocurrency is Not a Fad

#cryptocurrencies #dogecoin #ElonMusk

$DIA $QQQ $SPY $RUTX $VXX $BTCUSD #ETHUSD

The cryptocurrency industry builds on it yearly successes and continues to strengthen its position as a Key alternative to traditional fiat (paper) currencies and financial institutions“– Paul Ebeling

Elon Musk’s preferred cryptocurrency, dogecoin, is recognizable from its trademark picture of a dog and that may be a fitting mascot for a new class of traders looking to be this generation’s more domesticated Wolves of Wall Street.

The Big Q: Is cryptocurrency the future or a passing fad?

The Big A: As any cryptocurrency holder knows, blockchain technology has a wealth of applications to apply to enhance operations within any global industry. 

See the LTN crypto archive, click here.

Tuesday, the Benchmark US stock market indexes finished at: DJIA -473.66 at 34269.16, NAS Comp -12.43 at 13389.46, S&P 500 -36.33 at 4152.10. The Russell 2000 decreased 0.3%.

Volume: Trade on the NYSE came in at 995-M/shares exchanged

HeffX-LTN’s overall technical outlook on the major US stock market indexes is Bullish to Very Bullish in here

  • DJIA +12.0% YTD
  • Russell 2000 +11.8% YTD
  • S&P 500 +10.5% YTD
  • NAS Comp +3.9% YTD

Looking Ahead: Investors will receive the Consumer Price Index for April, the Treasury Budget for April, and the weekly MBA Mortgage Applications Index Wednesday. 

Have a healthy day, Keep the Faith!

#Bitcoin#CPI#Cry#crypto#cryptocurrencies#currencies#DIA#DJIA#Dogecoin#ElonMusk#ether#ETHUSD#inflation#QQQ#RUT#SPX#SPY#stocks#VIX#VXX