Oct 01, · Cryptocurrency financial services company Diginex Limited will be listed for trading on Nasdaq starting today. The statement outlined that the listing became possible after Diginex completed a “business combination transaction” with a special-purpose acquisition company (SPAC) dubbed 8i Enterprises Acquisition Corp. ; Diginex stock went live on Nasdaq Thursday morning under the ticker. Nov 21, · Data source: Yahoo! Finance. Bitcoin approaches new highs. Even as the stock market fell, bitcoin continued its amazing ascent. The price of Author: Dan Caplinger. Oct 02, · Cryptocurrency Exchange Operator Diginex Begins Trading on Nasdaq Cryptocurrency exchange operator Diginex has announced the start of its listing and trading on Nasdaq.
Nasdaq trading bitcoinStock Market Today: Nasdaq, Bitcoin Keep Rewriting the Record Books
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Follow DanCaplinger. Image source: Getty Images. Even as the stock market fell, bitcoin continued its amazing ascent. Already, bitcoin has eclipsed some of its old records. Because of the amount of cryptocurrency mined in the past three years, the total market capitalization of available bitcoin has never been higher. Some of those gains have come as institutions have poured into the market. Institutional investors are putting plenty of money into cryptocurrencies.
With all the uncertainty surrounding the election, the economy, and the pandemic, bitcoin's move to challenge its old record highs was as easy as it would ever be. In fact, if bitcoin hadn't made this move, it essentially would have shown investors that the cryptocurrency wasn't suitable for the purposes for which most investors held it.
Now, though, the big question is what happens next. Just like the stock market is volatile, bitcoin investors should expect big ups and downs in the future. Yet investors looking for an alternative to the stock market might not get everything they need from investing in bitcoin. Although some new bitcoin lending services offer interest on bitcoin holdings, cryptocurrencies held in traditional wallets don't generate income. Those looking for growth must rely on price appreciation.
And while the long-term trend has been up, there have been long periods when selling bitcoin for cash would've been a painful move. Investing in stocks is still a great way to generate wealth over the long run, even when there's a lot of uncertainty.
After more than a decade of naysayers predicting bitcoin wouldn't amount to anything, cryptocurrency bulls have had the last laugh. It's definitely not something you should bet your entire life savings on, but bitcoin and other cryptocurrencies are likely here to stay -- no matter what happens to their prices in the coming weeks and months. Investing