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Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup

Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup

Plus, what big banks think will happen to the stock market in 2025

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Image for article titled Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Image: NurPhoto (Getty Images), feryjory (Getty Images), Photo: TIMOTHY A. CLARY (Getty Images), Michael Nagle/Bloomberg (Getty Images), ANGELA WEISS (Getty Images), Peter Dazeley (Getty Images), Illustration: Chesnot (Getty Images), Oscar Wong (Getty Images)
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Image for article titled Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Image: NurPhoto (Getty Images)

Crypto-friendly billionaire Elon Musk is known for his cryptic social media posts. This time, his online activity triggered a dramatic pump-and-dump of cryptocurrency.

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Image for article titled Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Photo: TIMOTHY A. CLARY (Getty Images)

The year 2024 marked a historic milestone as the Dow Jones, Nasdaq, and S&P 500 all reached new record highs, fueled by the surge in artificial intelligence and significant shifts in the economic and political landscape.

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IKeith Gill, a Reddit user credited with inspiring GameStop’s rally, during a YouTube livestream on a laptop at the New York Stock Exchange on June 7, 2024.
IKeith Gill, a Reddit user credited with inspiring GameStop’s rally, during a YouTube livestream on a laptop at the New York Stock Exchange on June 7, 2024.
Photo: Michael Nagle/Bloomberg (Getty Images)

Despite a lack of any real news, Unity Software (U) stock went on a tear Thursday morning. It appears to be a result of the latest tweet from Keith Gill, an investor who also goes by “Roaring Kitty.”

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Illustration: Chesnot (Getty Images)

Bitcoin price made history in 2024, and if a recent report is to be believed, the flagship cryptocurrency could reach $150,000 in the first half of 2025 and potentially hit $185,000 by the fourth quarter.

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Illustration: Oscar Wong (Getty Images)

As 2024 is almost ending, investors are cashing in on cryptocurrencies, locking in profits. While this end-of-year sell-off was expected, the trend could shift with the arrival of 2025. The inauguration of crypto-friendly leader Donald Trump as the new U.S. President is likely to spark fresh optimism among market participants.

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Image for article titled Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Image: feryjory (Getty Images)

Bitcoin is now 16 years old!

Satoshi Nakamoto, a name used by the creator (or creators) of Bitcoin, mined the first Bitcoin block on Jan. 3, 2009. This “genesis” block followed the release of a Bitcoin whitepaper on October 31, 2008, which laid the foundation for the now-leading cryptocurrency.

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Image for article titled Cryptic posts drive stocks, and Bitcoin turns 16: Markets roundup
Photo: ANGELA WEISS (Getty Images)

The Dow dropped over 400 points on Monday as lighter trading volumes were anticipated in the final days of 2024. The market experienced a wave of profit-taking, especially in the technology sector.

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Photo: Peter Dazeley (Getty Images)

It’s the New Year and many Americans are thinking about how to be financially prepared for 2025, with cautious optimism about the year to come.

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A WalletHub survey found that about 2 in 3 people think 2025 will be a better year for them financially than 2024, but that doesn’t mean they’re ready to go on a spending spree.

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