Skip to content Skip to footer
Soge coin hits an all time high after growing 400%

Dogecoin Gained 400% this Week

Friday saw yet another record high in the S&P 500, with the Dow Jones also setting new highs, however this was not today’s headline story.

Cryptocurrencies have been the theme of this week, with Bitcoin and Ethereum both recording new all-time highs, however Dogecoin was this week’s standout performer.

Dogecoin, which started off as a meme coin rose by close to 400% in trading this past week, and is now valued at $40 billion, making it the fourth most traded and valuable cryptocurrency.

The coin, which was endorsed by Elon Musk, was also a beneficiary of Coinbase recently listing on the NASDAQ.

Due to its rapid rise, many investors are labelling this market a bubble, however with such high endorsements, could we see further rallies to come?

FTSE 100 breaks 7,000 points

This week saw the UK economy once again reopen, after four months of shutdowns due to the COVID-19 pandemic.

Since reopening the UK’s main index, the FTSE 100 has gone from strength to strength, climbing to a 13-month high in the process.

The index hit an intraday high of 7,036 in today’s session, which is the highest it has been since before the pandemic began.

Britain’s economy also saw GDP data beat expectations in Q1 despite the lockdown, with the government continuing to support those impacted by the crisis.

As of writing the FTSE 100 was up 0.52%.

Chinese economy grows near 20% in Q1

Data from China today revealed that the economy grew by 18.3% in the first quarter of 2021, in comparison to a year ago.

To the amazement of many, the figures released by China’s National Bureau of Statistics showed that the YoY growth in Q1 was below expectations of a 19% increase.

The pandemic which started in China in Q1 last year, saw the economy grind to a halt, as the government tried to contain the spread of the virus.

Since then, China has been one of the best performing economies around the globe, with retail sales rising 34.2% in March.

Quote of the day – “If you can learn to create a state of mind that is not affected by the market’s behaviour, the struggle will cease to exist.”

– Mark Douglas

Tradeview Ltd. is not a portfolio manager or an investment advisor. This Market Report is for informational purposes only. Any statements made or opinions voiced in this Market Report do not constitute investment advice. The Tradeview Ltd. Market Report does not constitute a solicitation to buy or sell in the financial markets. Although the information contained in the Market Report comes from trusted sources, Tradeview Ltd. is not responsible for guaranteeing the accuracy, timeliness, completeness, or fitness of such sources. Tradeview Ltd. shall not be responsible for and disclaims all liability for any losses which may be suffered from access and use of the contents of the Tradeview Ltd. Market Report. Trading any financial instrument on margin, using leverage or otherwise involves considerable risk. Therefore, before deciding to participate in any style of trading, you should carefully consider your investment objectives, level of experience and risk appetite. Most importantly, do not invest money you cannot afford to lose. Consulting with your investment counselor, attorney, accountant or other professional upon whom you rely for guidance as to the appropriateness of an investment in any style of trading is recommended.

Tradeview Ltd.

Is licensed to carry on securities investment business and is regulated by the Cayman Islands Monetary Authority (CIMA) as a full securities broker-dealer. Tradeview conducts business pursuant to the Cayman Islands Securities Investment Business Law (SIBL) and its activities fall under the direct supervision of the Investments and Securities Division of CIMA.
Headquarters: 5th Floor Anderson Square, 64 Shedden Road, Georgetown, Grand Cayman, Cayman Islands KY1-1002, BWI.

Tradeview Asia Ltd.

Is licensed and regulated by the Labuan Financial Services Authority (FSA) as a Money Broker, registration number LL15870 licensed to facilitate transactions in foreign exchange pursuant to Labuan Financial Services and Securities Act 2010, the Labuan Companies Act 1990 and the Labuan Business Activity Tax Act 1990.
Headquarters: International Business Financial Centre at Office 5, Jamie Business Center I, Unit F10, First Floor, Paragon Labuan, Jalan Mustapha, 87000 Labuan F.T.

Tradeview Europe Ltd.

Is licensed as a Category 2 Investment Service Company and is regulated by the Malta Financial Services Authority (MFSA). The Malta Financial Services Authority (MFSA) is the single regulator for financial services in Malta. MFSA is a fully autonomous public institution and reports to Parliament on an annual basis. The MFSA is a member of the European Banking Authority (EBA), the European Securities and Markets Authority (ESMA) and the International Organization of Securities Commissions (IOSCO) and is a signatory of the Multilateral Memorandum of Understanding with other European regulatory Institutions. Tradeview is authorized to provide financial services across multiple asset classes and is passported in the EU/EEA under MiFID II (EU Markets in Financial Instruments Directive).
Headquarters: 157 Archbishops Street, Valletta VLT Malta 1440.

Tradeview Financial Markets S.A.C Global

Is authorized to conduct business pursuant to and in compliance with the General Law of Companies (LGS) promulgated by the government of Peru. Tradeview Financial Markets S.A.C is registered with the National Superintendence of Public Registries (SUNARP), company number 13089531. Tradeview Financial Markets S.A.C provides financial services in selected OTC derivative markets in compliance with all applicable government regulations.
Headquarters: Los Mirtos 239 Urb. San Eugenio, Lince, Lima, Perú.