Cryptocurrencies linked to the legendary trader "Roaring Kitty" and GameStop stock (GME) experienced significant surges recently, fueled by heightened short interest in the meme stock and the online resurgence of Keith Gill, the man behind the "Roaring Kitty" persona.
Read MoreA proposed class-action lawsuit against Keith Gill, also known as "Roaring Kitty," was abruptly withdrawn shortly after being filed.
Read MoreGameStop Corp. (GME), the video game retailer turned meme stock phenomenon, experienced a remarkable 24% surge in its share price today, surpassing popular memecoins Dogecoin (DOGE) and Shiba Inu (SHIB) in market capitalization. The unexpected rally has sparked speculation about the possible influence of "Roaring Kitty," the Reddit investor who played a pivotal role in GME's meteoric rise in early 2021.
Read MoreThe "meme stock" sector is experiencing a brutal sell-off, with GameStop (GME) at the epicenter of the carnage. GME's share price has plunged a staggering 60% in just two days, wiping out a significant portion of the gains seen during a recent rally.
Read MoreKeith Gill, also known as "Roaring Kitty," has re-emerged in the spotlight, and experts speculate that his impact could stretch beyond the realm of meme stocks to the Exchange-Traded Fund (ETF) market.
Read MoreThe cryptocurrency market experienced a wave of volatility this week, with prices for leading digital assets like Bitcoin and Ethereum taking a tumble. This turbulence coincides with two seemingly unrelated events: the wild swings in GameStop's stock price and the release of a robust US jobs report. Analysts suggest a potential connection between these events.
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