Bitcoin Sinks Below $30,000

Suddenly, cryptos have become unpopular. I don’t know why anyone’s waited this long, but here we are.

Bitcoin just dropped below $30,000. At one point, it was negative for the year. At its low today, Bitcoin got down to $28,993.67. That’s less than half of the all-time high of $64,863.10 reached on April 13.

Dogecoin, which I find completely baffling, dropped below 17 cents. It peaked last month at 73 cents.

Cryptos tend to move so quickly that they all may be rallying by the time you read this.

This morning’s existing-homes sales report fell 0.9% to an annualized rate of 5.8 million. That’s for April.

At the end of May, total housing inventory was 1.23 million units. That’s down 20% from a year ago.

On our Buy List, Danaher (DHR) and Moody’s (MCO) are both at new highs. Hershey (HSY) and Zoetis (ZTS) are close to new highs.

The troublesome stock lately has been Miller Industries (MLR). It just dropped below $40 per share. The stock pays a quarterly dividend of 18 cents per share. That now yields about 1.7%.

Posted by on June 22nd, 2021 at 12:52 pm


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