Best Buy has been a big name in U.S. electronics for decades. While changing shopping habits and more competition have hurt its stock in recent years, the company still brings in strong sales with stores, online shopping, and services like Geek Squad.
Best Buy remains a major player in U.S. electronics, generating $41B in sales last year despite shifting consumer habits and increased competition.
Strategic pivot to e-commerce — Launching a new online marketplace via Mirakl, aiming to expand beyond in-store sales and capture marketplace revenue.
Shareholder returns — Continues paying quarterly dividends ($0.95 per share) while navigating a challenging retail environment.
Did You Know?
70% of Americans live within 15 minutes of a Best Buy, turning its stores into powerful same-day delivery hubs.
Geek Squad’s nationwide reach gives it an edge over online-only rivals — most U.S. customers are just a short drive from help.
Best Buy has sold over 1 billion tech products in the last decade — and it’s now leveraging that massive customer base to push into services, smart home installs, and subscription tech support.
As indicated in the previous Bitcoin analysis dated July 29, 2025, the potential for a decline in the Bitcoin chart was present, which ultimately led to the designated support levels of $116,000 and $114,600 being reached.
In long-term intervals, such as the monthly and weekly timeframes, the trend is still interpreted as bullish, given the price's position within an ascending channel and the absence of negative fundamental factors. Should the bullish formation be maintained, long-term price targets for buyers include the resistance levels of $125,000 and, in a more aggressive scenario, up to $129,000.
The value and liquidity in the cryptocurrency markets have experienced significant growth. In contrast to Bitcoin, altcoins such as Ethereum, Cardano, Solana, and Chainlink have demonstrated substantial upward movements.
Under the current conditions, due to the boom in altcoins led by Ethereum, the focus of traders has shifted away from Bitcoin as the cryptocurrency leader. Consequently, Bitcoin has thus far been unable to surpass the maximum price recorded in July.
In a bearish scenario, although the price is in an overbought state in long-term intervals, the necessary factors for a trend reversal have not yet materialized on the chart. In this context, if the price fails to overcome the $122,300 resistance level, the probability of a price ceiling forming on the daily timeframe, followed by a correction in the chart, increases. (Currently, the price is contending with the key level of $120,000; a price consolidation below or above this level can be considered a contributing factor in tracking the price action.)
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Most of us use digital money every day-think about when you tap your card or make an online purchase. But what if cash could exist purely in digital form, without banks or governments controlling it? That’s where cryptocurrency comes in.
Let’s dive into the world of crypto and see how you can start trading it like a pro.
What is cryptocurrency?
Cryptocurrency is a type of digital currency that exists only online. Unlike traditional money, it’s not issued by any government or bank. Instead, it operates on blockchain technology-a secure and transparent digital ledger that records transactions across a decentralised network.
Why is it called "crypto"?
The "crypto" in cryptocurrency comes from cryptography, a method of securing data. Every transaction is encrypted, making it nearly impossible to hack or alter. This level of security is one of the biggest reasons crypto has gained so much trust and popularity.
Is cryptocurrency safe?
Yes! Blockchain technology makes crypto transactions incredibly secure. Unlike banks, which store your financial data in one place, cryptocurrency transactions are spread across thousands of computers. This decentralization makes hacking much more difficult. Plus, each transaction is cryptographically secured, meaning only authorized parties can access the data.
Why trade cryptocurrency?
Crypto trading is reshaping how we think about markets. Here’s why traders love it:
No middlemen. Trade directly, without banks or brokers taking a cut.
Big profit potential. Crypto’s volatility creates opportunities for high returns (but also high risks!).
Global accessibility. No need to deal with currency conversions. Crypto is borderless.
How does cryptocurrency trading work?
You’ve got two main ways to trade crypto:
Buy and hold. Purchase cryptocurrency and store it in a digital wallet.
Trading without owning. Using contracts for difference (CFDs) or multipliers, you can speculate on crypto price movements without actually owning the asset. This allows you to profit from both rising and falling prices.
Which cryptocurrencies are best for trading?
There are thousands of cryptocurrencies, but these are some of the most prominent players:
Bitcoin (BTC)
The original and most valuable crypto is often called “digital gold.”
Ethereum (ETH)
More than just a currency—Ethereum powers smart contracts and decentralized apps.
Tether (USDT)
A stablecoin tied to the US dollar, offering less volatility.
If you’re starting, Bitcoin is a great first choice due to its popularity and stability. As you gain confidence, you can explore other cryptocurrencies to diversify your trading portfolio.
Where can you trade crypto?
At Deriv, you can trade cryptocurrency CFDs on Deriv MT5, Deriv X, and Deriv cTrader, or try out crypto multipliers on Deriv Trader. Not sure where to start? Open a free demo account and practise risk-free before diving into live trading.
Would you be ready to trade?
Now that you’ve got the basics down, why not take the next step? Open your Deriv crypto trading account today and start exploring the exciting world of cryptocurrency trading.
First, choose a trading method: buying and holding or trading via CFDs. Then, sign up for a trading platform like Deriv, deposit funds, and start trading!
Can I trade cryptocurrency with a small budget?
Absolutely! You don’t need to buy an entire Bitcoin-you can trade fractions of a coin. Deriv also offers leverage, letting you deal with a small deposit while controlling a larger position.
What’s the most significant risk in crypto trading?
Volatility! Crypto prices can change rapidly, leading to both significant gains and significant losses. Always trade responsibly and use risk management tools like stop-loss orders.
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Can We Make Money By Trading Binary Options? How to Get the Most Gain, and What to Consider?
Alongside Forex and Stocks trading, Binary Options Trading is one of the most popular markets worldwide. When it comes to binary options trading, many people may ask if it is profitable and how they can maximize their profits in this market. If you have planned to invest in the binary options market, this article will outline what you need to consider and the valuable tips and tricks to help you through your journey.
What is Binary Options Trading? A binary option is a financial contract where one of the two outcomes has been given to the party concerned based on whether or not the option expires in cash. Binary options are based on the outcome of a “yes” or “no” question, which is why they’re called binary. Traders receive a payout if the order expires in the money and incur a loss if it expires out of the money.
Binary options trading includes an expiry period. The underlying asset’s price should be in the correct direction you predicted according to the strike price to make a profit at the time of expiry. A binary option will be automatically triggered when it expires, which means that the profit or loss on the trade is credited to the trader’s account at the time of expiry. That means the binary options trader will either receive a payout or lose their total investment in the trade—there is nothing in between.
Is Binary Options Trading Profitable? It is possible to profit from binary options trading. Still, traders should be aware that putting vast amounts of money into trades can be risky, and they should only start trading once they understand the risks and have gained some particular skills. If you make a good plan and learn to evaluate and detect the market status and performance, you will be well on your way. Maintaining your self-control is the key to becoming a great trader.
Someone who makes thoughtless decisions and consistently manipulates the boundaries of their strategy will not be successful in this market. It would be great to set financial limits. For example, define how much you can afford to lose, how much you’re willing to be involved in a single transaction, and how much risk you will take in your strategy.
You also need to determine your goals and expectations from the market. This helps you to have a road map and not go off-road. When you write them down and follow your lead, you will not be lost in the maze of binary options. Remember that Trading without a written plan is your most dangerous enemy in any financial market.
How Can I Become a Millionaire by Trading Binary Options? Whether traders could become millionaires by trading binary options is one of the most questioned topics on the market. The answer to this question is yes, since many successful people like George Soros or Warren Buffett have made their wealth through financial trading products, but there are many restrictions, too.
Remember, it is theoretically possible to become a millionaire by trading Binary options, but most traders can’t do that in practice. Building up wealth by trading Binary Options is going to take time. It would be better to have persistence, time, and a solid plan of action over several years.
What to Expect? Many people succeed and make huge profits in the options trading business by using a powerful and effective risk management strategy. But it should be avoided by people looking to make quick profits. It would be best to have a good trading plan and an understanding of how the market works to be a successful binary options trader.
Very few people, since binary options involve a high level of risk, trade them as their full-time job. But you can also consider it your part-time job to make money besides your salary. If you become an expert in this market, you can even make more money than your salary by spending less time. To begin with, make sure that you pay as little as 5 % of your income.
Valuable Tips and Tricks of Binary Options Trading Before entering the binary options business, you must consider some tips and tricks. In the following, we will list the most important and handy tips you need to know to get the most out of Binary options trading:
Study the Basics You need to know the basics, such as trading strategies, risk management, etc. You can learn the basics through many online resources available worldwide. CloseOption’s official blog is one of the most reliable resources that provides precious data on trading in financial markets.
Test Your Selected Strategy A demo account is available on several binary trading sites and platforms. You’re getting Virtual Money to trade on the market. This platform imitates the ups and downs of a genuine binary options market to allow you to practice Trading without risking money.
A demo account is a great way to experiment with new trading methods and learn what it is all about. CloseOption also provides you with a free demo account after you sign up, and you can test your strategies and gain experience in a real-time simulated environment for free.
Risk Management is the Key A considerable amount of risk is involved in binary options trading. So then, you should follow the risk and funding management guidelines. It would be best to never trade with a fund you cannot afford to lose. Get started slowly and work your way up to trading with more money. By studying the stock market, news, and your binary options trading strategy, you can get a good guess of how much an asset is worth when it expires.
In conclusion, Binary options trading can be profitable if you spend some time learning it first. Then, please clear your expectations and spend some time on demo trading before transferring to the real account. Your risk management strategy can help you the most in this market, preventing you from losing significant money.
What is Binary Options Trading? Everything You Need to Know
If you’ve ever wondered what binary options are and how this high-risk yet straightforward trading method works, this guide covers everything you need to know. From basic definitions to examples, advantages, and risks, you’ll find a complete overview here.
What Are Binary Options and How Do They Work? Binary options are a special kind of financial instrument that lets you forecast if the value of an asset is expected to rise or fall over a set period, typically within a short timeframe. They are straightforward but risky because, unlike traditional investments, they have a set payout. The definition of binary options and their distinctions from other trading platforms are covered in detail in this section.
A Basic Definition A simple kind of financial contract, binary options allow you to forecast whether an asset’s price, such as that of a stock, crypto, or forex pair, will rise or fall over a predetermined period. You get paid a set amount if your prediction comes true. You forfeit your investment if you don’t. Because there are only two possible outcomes, win or lose, they are referred to as binary.
The Operation of Binary Options You are merely predicting the short-term price direction of an asset rather than purchasing it.
You enter a call option when you anticipate the price will increase.
You place a put option if you think it will fall.
Your prediction is assessed when the allotted time has passed (the expiry time):
You receive a predetermined payout (typically 70–90% of your stake) if you are right.
You forfeit your wager if you are incorrect.
Many traders find it appealing because it’s a straightforward yes-or-no wager.
Asset-or-Nothing and Cash-or-Nothing Binary options come in a variety of forms, but the two most popular ones are:
Cash-or-Nothing: if your prediction comes true, you get a set cash payout.
Asset-or-Nothing: you get the underlying asset’s value, or nothing at all.
Most online platforms today use the cash-or-nothing model, which is why payouts are known in advance. Vanilla vs. Digital Options It’s also essential to understand the difference between binary (digital) options and vanilla options (standard options):
In vanilla options, your payoff depends on how much the price moves.
Regardless of the size of the move, your payoff in binary options is fixed.
Why Do Individuals Trade Binary Options? Possible Advantages
Simplicity: no intricate computations, just a simple up/down prediction.
You always know how much you could win or lose because the risk and reward are fixed.
Quick trades: a few options have a minute expiration date.
Major Risks
It’s all-or-nothing: if you make a mistaken prediction, you lose your entire trade amount.
Rapid losses can result from the same speed that makes wins possible.
Market volatility: Impulsive actions have the potential to ruin carefully thought-out trades.
Those who have money they can afford to lose and are fully aware of these risks are the best candidates for binary options.
How to Begin Trading Binary Options
Create a Trading Account You must register for an account with a regulated broker to begin trading binary options. Select a broker who provides:
Clear payouts
User-friendly platforms
Robust security and customer support
Learn about the Platform and Fund Your Account After registering, use your chosen payment method to make a deposit. Before risking real money, you can practice trading with virtual money using the free demo accounts that the majority of brokers offer.
For instance: The Operation of a Binary Option Trade Assume that within the next five minutes, the EUR/USD exchange rate, which is currently at 1.1000, will increase.
You place a $100 Call option with an 80% payout.
You will receive $180 in total ($100 return + $80 profit) if the EUR/USD exchange rate is above 1.1000 after five minutes.
You forfeit your $100 if it falls below 1.1000.
It’s that easy, which is why discipline and careful study are so important.
Despite the simplicity of binary options, many traders employ strategies to increase their odds. These often combine:
Chart indicators: including RSI, Bollinger Bands, and various moving averages
Market news: for trading around economic events
Money management: such as limiting each trade to 2-5% of your capital
Commonly Asked Questions (FAQ)
Binary trading: what is it? It is a method of making predictions about whether the value of an asset is expected to go up or down during a given period. You receive a set payout if you’re correct.
What distinguishes regular options from binary options? The amount that regular (vanilla) options pay out depends on how much the price moves. Regardless of the size of the move, binary options pay a set amount.
Is it legal to trade binary options? It depends on your country. Although binary trading is legal in many places, some have outlawed it because of the high risks and potential for fraud.
What is a binary options trader? Someone who focuses on these straightforward “up or down” wagers on asset values.
A binary options account: what is it? It’s the account you open with a broker to manage your transactions, make trades, and deposit money.
What is a platform for binary options? It’s the program or website that you use to make binary trades.
Binary investment: what is it? Although it’s sometimes referred to as “binary investment,” it’s more short-term speculation than conventional investing.
Scam Alerts and Regulatory Status
Why Some Countries Prohibit Binary Options
To protect retail investors, binary options have been outlawed in countries like the EU and Australia due to their all-or-nothing nature. Ways to Prevent Scams
Use licensed brokers at all times.
Anyone offering “guaranteed profits” should be avoided.
Never transfer funds to unreliable third parties.
In conclusion, is it wise to trade binary options?
Trading on short-term market movements is made clear and risk-free with binary options. They are simple to understand, but that simplicity can conceal serious dangers. Start small, trade only with funds you can afford to lose, and think about getting some practice on a demo account first.
Over the past four months, Ethereum has demonstrated a strong and promising uptrend, with buyers pushing the price up to a recent high of $3,939. The broader trend remains bullish on higher timeframes, such as the monthly chart. If the critical $3,900 resistance level is broken, Ethereum has the potential to climb further — initially towards $4,090, and in a more decisive move, possibly reaching $4,300.
While altcoins like Ethereum are heavily influenced by the market leader, Bitcoin, trading ETH — the second-largest cryptocurrency — remains a challenging endeavor. Despite strong rallies in recent months, many investors who entered near the end of 2021 are still either in loss or, at best, just breaking even. The failure to surpass previous all-time highs continues to weigh on sentiment, highlighting the need for greater caution and strategic planning when investing in crypto, especially altcoins.
Analyzing the price movement between the $1,389 low and the $4,090 high, a harmonic Bat pattern has formed, effectively signaling a potential price correction. The D point of this pattern has aligned with a descending trendline, adding strength and credibility to the signal. As a result, we’ve already seen a drop from $3,900 to around $3,400.
Given the current lack of strong momentum in Bitcoin and the technical indicators ahead for Ethereum, any further bullish continuation depends entirely on Ethereum establishing firm support above the $3,900 resistance zone.