How a single tweet blew 1.3 billion from Snap's market capitalization

How influential are some stars? The answer is: a lot ... And the social media should be very careful not to annoy them. Because otherwise their market capitalization could be reduced by 1 billion dollars!
A testimony to this was Kylie Jenner's tweet, which costs $1.3 billion of Snap's market capitalization.
Shares of Snapchat's parent company lost 7.2% of its value last Thursday after Kylie Jenner said she no longer opens the app.
Whether this is because of Jenner's recent motherhood or because of the new redesign of the application, is not very clear. It is a fact, however, that this statement, which has seriously reflected by nearly 24.5 million followers of the star, initiated massive sales of the company's shares.
Unfortunately, investors in the company and other Wall Street analysts are beginning to see a decline in social networking users' commitment after the recent redesign.
Citigroup's analyst Mark May downgraded the company's market rating to "sell," from a "neutral" last week as a result of the sharp rise in negative consumer reviews over redesign.
However, this does not prevent CEO Evan Spiegel from becoming one of the top executives of US companies. Spiegel received $636.6 million bonus in shares, payable in 2020.

Gold broke off its big weekly downturn

Gold rose on Monday due to the weakness of the dollar. The spot price of the precious metal added 0.4% to its value to a level of 1,333.74 dollars at which levels are traded earlier today.
Last week, gold fell 1.4%, which was the biggest price depreciation for two and a half months.
The dollar index fell 0.1% on the first day of the week, which helped raise the price of metals and, in particular, gold.
Gold futures with delivery in April rose by $4.9 to $1,335.20 per ounce.
Gold is very sensitive to rising interest rates in the United States. Investors' expectations are that the central banks of the UK and Europe will also resort to interest rates.
The price of gold was also supported by the lunar new year in China.

The bitcoin grew by nearly 1,000 dollars yesterday

The bitcoin grew seriously yesterday, adding nearly $1,000 to its value, or around 10%. Early this morning the cryptocurrency was traded at levels of about $10,250.
The greater interest of Japanese investors has to a large extent predetermined the appreciation of the cryptocurrency, according to market observers.
Technical analysts, however, say that the bitcoin should keep its price over $10,200 in order to talk about the potential for its further appreciation.
The other major cryptocurrency - ethereum, were traded at 873 dollars and the ripple - at nearly 93 US cents.
Near the moment of the rallying of the bitcoin, the Circle crypto exchange announced that it had lost another Poloniex stock exchange. The transaction price was not named.
Otherwise, Poloniex is the seventh largest by volume in US dollars cryptocurrency exchange, according to CryptoCompare.
Trading of bitcoin in yen was more active, accounting for about 51% of the total volume, according to CryptoCompare. Trading in dollars was 22% of the total volume.

Fed with more confidence in inflation

The stenogram of the previous Fed meeting indicates that the monetary policy committee is even more confident about rising inflation.
This more aggressive tone of the part of the Fed, led market participants to expect the reserve to be far more aggressive in terms of interest rates this year. Or, expectations for three interest rises rose.
This result, however, did not initiate a significant rise in the dollar initially, relative to other major currencies.
Inflation is likely to continue rising steadily this year.
The Fed's January meeting was the last, under the leadership of President Janet Yellen.
The issue of US inflation and its increase has gradually begun to dominate investor moods in the first month of Jerome Powell's reserve management.
This coincided with a record low unemployment rate and an acceleration in the growth of hourly pay, the latest sign of inflation in the world's largest economy.
The US economy is also expected to feel the positive effect of the Trump administration's tax reform, which is expected to be $1.5 trillion relief for companies and Americans.
But this may cause the Fed to be far more aggressive in its normalization efforts, commented market observers.

The bitcoin is yesterday's news?

The cryptocurrencies absolutely stole the show in the past year. From the beginning of last year to the end, market capitalization of digital currencies increased by more than 3,300% or nearly $600 billion. This may turn into the largest increase in the capitalization of an asset, within 12 months.
And while there were many factors that predetermined this increase in capitalization, the root of the rise of cryptocurrencies was largely the bitcoin.
The largest cryptocurrency then played a major role in the digital money world. Even today, the bitcoin has the largest market capitalization, but its dominance has fallen seriously.
Although the bitcoin is estimated at $190 billion, it occupies about 40% of the total market capitalization of virtual currencies.
For comparison a year ago, its dominance was serious with over 80% of the total market capitalization. How fast, though, things change!
For the period between 2013 and March 2017, the market share of the bitcoin from the total capitalization ranged between 74 and 96%. Over the last three months, however, BTC's market cap is less than 40% of the total.
Meanwhile, other cryptocurrencies, such as ethereum and ripple, have seriously increased their share of total market capitalization.
The problem is that new and better cryptocurrencies are created to perform the basic function that the bitcoin was conceived - faster and cheaper financial transactions without the need for third-party mediation.

Gold with a third consecutive drop

Gold prices dropped for a third consecutive trading session yesterday after the dollar pushed from its three-year minimum in the past week. Investors await the protocols of the Fed meeting later this week for more clarity about the future policy of the reserve.
The spot price of gold fell 0.6%, or its biggest daily decline in two weeks. The noble metal traded at levels of $1 339 per ounce.
Gold futures fell 1.2% to $ 1,340.40 an ounce, marking its biggest daily decline since November 2017.
The dollar index, following the US dollar's performance against a basket of six major currencies, rose 0.5 percent to 89.544 points. It dropped to 88,253 points last week, which was its lowest value since December 2014.
The US currency has shown signs of deprivation after some investors bought the dollar after its record sales last week.
Last week was the best gold for more than five months when the metal added 2.4% to its value as a result of rising US inflation and declining tensions.
The spot price of gold is expected to find strong support at a level of $1,326 per ounce.

US lawmakers think about regulating the market of cryptocurrencies (2)

American legislators are concerned about speculative trading and investments in cryptocurrencies. Some of them call for the regulation of digital assets as securities, as a result of which investors in cryptocurrencies will also be protected by the SEC.
Virtual currencies have existed for a long time, but recently the scale of speculation with cryptocurrencies sharply increased, as well as the number of fraudulent schemes that promise investors an income of more than 1,000 percent in a few weeks.
In the period of volatility in financial markets, hackers also intensified in this sphere. In January, they stole a digital currency worth $530 million from the Japanese crypto-exchange Coincheck.
Bitcoin, the most famous virtual currency, in early 2018 has fallen in price more than twice after takeoff by more than 1.300 percent.
Regulators around the world began to sound the alarm, saying that the cryptocurrencies simplify money laundering and the financing of terrorist organizations, harm consumers and undermine confidence in the global financial system.

Oil began the week with growth

Oil prices rose on Monday morning when recovering on Asian stock markets, as well as amid tensions in the Middle East.
Futures for the North Sea blend Brent climbed 0.79 percent to $65.35 a barrel.
Futures contracts for US light oil WTI by this time traded at $62.37 per barrel, which is 1.12 percent higher than the previous close.
Israeli Prime Minister Benjamin Netanyahu said on Sunday that Israel is ready to act not only against Iran's Middle Eastern allies, but also against Tehran, if it continues to actively intervene in the conflict in Syria.
Among the factors holding back the further rise of the market, analysts call the rapid growth of oil production in the US.
According to the calculations of the Energy Information Administration (EIA), weekly production of raw material in the US rose to a historic high of 10.27 million barrels per day for the week by February 9.
In addition, the number of installations for drilling oil wells in the US last week increased by 7 pieces to 798 - the highest value since April 2015, the data of the oil service company Baker Hughes showed on Friday.

US lawmakers think about regulating the market of cryptocurrencies (1)

The US authorities, alarmed by the global riot around bitcoin and other cryptocurrencies, are preparing to consider new rules, the introduction of which will lead to tightening of federal control over this emerging class of assets, several lawmakers told Reuters.
Among members of both leading US parties in the Senate and the House of Representatives, there is an increasing desire to start fighting against the risks that cryptocurrencies represent for investors and the financial system, lawmakers said.
Even conservative Republicans advocating for a free market said that the need for regulation may arise if the cryptocurrencies begin to threaten the US economy.
There is no doubt that there is a need for a regulatory framework, according to Republican Senator Mike Rounds, a member of the Senate Banking Committee.
At the moment, digital assets are located in the so-called gray zone of the legal field, in various situations falling under the regulation of the Securities and Exchange Commission (SEC), the Commodity Futures Trading Commission (CFTC), the US Treasury, the Federal Reserve or the state authorities.

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