CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 82.67% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money

BTC hits $50k, GameStop wobbles, and Cameco jumps 7.4%

By John Shepard

09:00, 17 February 2021

Cameco

Uranium stock Cameco Corp (CCO) soared 7.4 per cent on Tuesday as markets opened following a US holiday.

We wrote about Cameco and uranium stocks on Monday, which had seen interest from investor Michael Burry, who is fresh from a $270m score in GameStop (GME).

Investors are eyeing the sector after the price of uranium increased over 20 per cent in the last year. Analysts are saying there is room to run in the commodity as governments pursue a clean energy agenda and turn to nuclear power.

GameStop surrendered 5 per cent as the stock wobbled ahead of the government testimony regarding the short squeeze. The stock had been holding the $50 level last week but has slipped lower to $49.50. Traders are likely fearing regulation from the hearing but the stock could rally if this doesn’t happen.

Gold

2,686.59 Price
+0.660% 1D Chg, %
Long position overnight fee -0.0174%
Short position overnight fee 0.0092%
Overnight fee time 22:00 (UTC)
Spread 0.30

BTC/USD

99,132.35 Price
+1.060% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

XRP/USD

1.40 Price
+17.100% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.01168

ETH/USD

3,395.70 Price
+1.310% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

Bitcoin blasts through $50,000 level

Bitcoin (BTC) is trading at $50,508 after the coin surged through the key technical level. Bitcoin has benefited from the attention of big corporations, who wish to hold the coin on their balance sheet.

A study by Gartner has shown that 5 per cent of companies are interested in adding BTC to their books. “Follow the leader” is a common business strategy and Elon Musk’s Tesla has given the green light for corporations to raise the topic in boardrooms.

Markets in this article

BTC/USD
Bitcoin / USD
99132.35 USD
1035.25 +1.060%
CCOca
Cameco
85.24 USD
4.52 +5.620%
CCOca
Cameco
85.24 USD
4.52 +5.620%
GME
GameStop Corp (Extended Hours)
27.83 USD
-0.66 -2.330%
GME
GameStop Corp (Extended Hours)
27.83 USD
-0.66 -2.330%

Rate this article

Capital Com is an execution-only service provider. The material provided in this article is for information purposes only and should not be understood as investment advice. Any opinion that may be provided on this page does not constitute a recommendation by Capital Com or its agents and has not been prepared in accordance with the legal requirements designed to promote investment research independence. While the information in this communication, or on which this communication is based, has been obtained from sources that Capital.com believes to be reliable and accurate, it has not undergone independent verification. No representation or warranty, whether expressed or implied, is made as to the accuracy or completeness of any information obtained from third parties. If you rely on the information on this page, then you do so entirely at your own risk.

Still looking for a broker you can trust?

Join the 660,000+ traders worldwide that chose to trade with Capital.com

1. Create & verify your account 2. Make your first deposit 3. You’re all set. Start trading