Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.
TAL Education Group (NYSE:TAL) shares closed higher by 9.00% to $4.36 Monday afternoon. Shares of several Chinese stocks are trading higher amid positive macroeconomic news in China related to the real estate sector.
What Happened?
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China’s banking and insurance regulator urged lenders to provide credit to eligible developers to help them expedite the delivery of homes delayed by a funding crunch, an unnamed official from CBIRC said, according to Reuters.
Meanwhile, Macau’s government extended the suspension of operations for all industries, commercial companies, and venues in the special administrative region until Friday amid a steep rise in COVID cases... Read More
Why it Matters
Shares of several Chinese companies have seen weakness and were trading lower in recent sessions amid a resurgence in COVID cases which has caused the closure of Macau casinos. Additional regulatory pressures and investigations by the People's Republic of China into Alibaba may further cloud investor outlook in the name.
According to data from Benzinga Pro, TAL Education Group has a 52-week high of $22.80 and a 52-week low of $1.60.
See Also: Why Bitcoin-, Ethereum- And Litecoin-Related Stocks Are Rising Today
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.