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

GameStop slumps after hearing, BlackRock ‘dabble’ in BTC

By John Shepard

10:00, 19 February 2021

GameStop

GameStop sheds 11 per cent after Keith Gill sued

Retail stock GameStop (GME) has shed 11 per cent after the Congressional hearing into a recent short squeeze. One of the proponents of the stock’s gains is also being sued for $5m over the alleged manipulation.

The lawsuit stated: "To orchestrate the manipulation of GameStop stock, Gill created a far-reaching and wildly successful social media campaign in the year leading up to the surge in GameStop shares."

GME stock closed at $40.69, which is the lowest price since 20 January 2020. AMC Entertainment (AMC), which was also involved in the Reddit trading frenzy, held up at only -0.72 per cent. This is a sign that the stock has finally disconnected from moves in GME. AMC closed at $5.51 and this level has propped the stock up for seven trading sessions now.

What is your sentiment on BTC/USD?

98616.30
Bullish
or
Bearish
Vote to see Traders sentiment!

Bitcoin supported above $51,000

Bitcoin (BTC) has pulled back from the recent highs above $52,000, but the coin is well supported above the $51,000 level. No major selling is appearing in Bitcoin and this gives hope for another push higher.

XRP/USD

1.23 Price
+11.480% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 0.01168

US100

20,732.30 Price
+0.570% 1D Chg, %
Long position overnight fee -0.0241%
Short position overnight fee 0.0019%
Overnight fee time 22:00 (UTC)
Spread 1.8

BTC/USD

98,616.30 Price
+4.230% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 106.00

ETH/USD

3,374.50 Price
+9.510% 1D Chg, %
Long position overnight fee -0.0616%
Short position overnight fee 0.0137%
Overnight fee time 22:00 (UTC)
Spread 6.00

Bullish crypto traders were boosted by news that BlackRock, the world’s largest asset manager, had “dabbled” in BTC. A company executive told CNBC it was investing despite the volatility, saying: "People are looking for places that could appreciate under the assumption that inflation moves higher and that debts are building, so we've started to dabble a bit into it".

BTC is up more than 70 per cent in 2021, building on a rally that began in mid-2020. 

Trade Bitcoin to US Dollar - BTC/USD CFD

1m
5m
15m
30m
1H
4H
1D
1W

Markets in this article

BTC/USD
Bitcoin / USD
98616.30 USD
3999.75 +4.230%
GME
GameStop Corp (Extended Hours)
27.96 USD
-0.44 -1.550%
GME
GameStop Corp (Extended Hours)
27.96 USD
-0.44 -1.550%

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