SOS Stock Price: Sos Ltd edges lower as institutional Bitcoin adoption continues
Premium|Take advantage of 60% OFF on your first month.
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
You have reached your limit of 5 free articles for this month.
BLACK FRIDAY SALE! 60% OFF!
Grab this special offer, it's 7 months for FREE deal! And access ALL our articles and analysis.
CLAIM OFFER- NYSE:SOS fell by 0.44% during Wednesday’s trading session.
- The Central African Republic becomes the second country to legalize Bitcoin.
- Fidelity introduces Bitcoin investing for Americans in their 401Ks.
NYSE:SOS fell below water during the final minutes of Wednesday’s session as a last hour pullback in the broader markets pushed the stock into the red. Shares of SOS fell by 0.44% and closed the trading session at $0.39. Markets remained volatile on Wednesday although it was an improvement over Tuesday’s session. After jumping out to a positive start in the morning, all three major averages pulled back and erased most of their gains by the closing bell. The Dow Jones rebounded by adding 62 basis points, the S&P 500 rose by 0.21%, while the struggling NASDAQ dipped into the red with a 0.01% loss to close the session.
Stay up to speed with hot stocks' news!
Bitcoin–related companies received some more promising news on Wednesday, as the Central African Republic (CAR) has officially adopted the blue-chip crypto as a legal tender. CAR became the second country to do so following in the footsteps of El Salvador last year. While initial results out of El Salvador have not been as bullish as many in the crypto industry first forecasted, it seems that other governments are still considering adopting Bitcoin into their economies. CAR is one of the world’s poorest countries, but is a major producer of resources like diamonds, gold, and uranium.
SOS stock forecast
In stateside Bitcoin news, Fidelity Investments is showing that they are bullish on cryptocurrencies for the long-term. So much so that the investment firm is allowing Americans to add Bitcoin to their 401K retirement portfolios in a first for the country. Investors will be able to add up to 20% of their accounts in Bitcoin. Not surprisingly, major Bitcoin investor MicroStrategy (NASDAQ:MSTR) was the first company to sign up for the account.
- NYSE:SOS fell by 0.44% during Wednesday’s trading session.
- The Central African Republic becomes the second country to legalize Bitcoin.
- Fidelity introduces Bitcoin investing for Americans in their 401Ks.
NYSE:SOS fell below water during the final minutes of Wednesday’s session as a last hour pullback in the broader markets pushed the stock into the red. Shares of SOS fell by 0.44% and closed the trading session at $0.39. Markets remained volatile on Wednesday although it was an improvement over Tuesday’s session. After jumping out to a positive start in the morning, all three major averages pulled back and erased most of their gains by the closing bell. The Dow Jones rebounded by adding 62 basis points, the S&P 500 rose by 0.21%, while the struggling NASDAQ dipped into the red with a 0.01% loss to close the session.
Stay up to speed with hot stocks' news!
Bitcoin–related companies received some more promising news on Wednesday, as the Central African Republic (CAR) has officially adopted the blue-chip crypto as a legal tender. CAR became the second country to do so following in the footsteps of El Salvador last year. While initial results out of El Salvador have not been as bullish as many in the crypto industry first forecasted, it seems that other governments are still considering adopting Bitcoin into their economies. CAR is one of the world’s poorest countries, but is a major producer of resources like diamonds, gold, and uranium.
SOS stock forecast
In stateside Bitcoin news, Fidelity Investments is showing that they are bullish on cryptocurrencies for the long-term. So much so that the investment firm is allowing Americans to add Bitcoin to their 401K retirement portfolios in a first for the country. Investors will be able to add up to 20% of their accounts in Bitcoin. Not surprisingly, major Bitcoin investor MicroStrategy (NASDAQ:MSTR) was the first company to sign up for the account.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.