Rumble, a video platform aimed at conservatives, said Monday evening that it will begin allocating a portion of its excess cash reserves to bitcoin and making purchases of up to $20 million in the cryptocurrency. Shares rose more than 2% in extended trading. “We believe that the world is still in the early stages of the adoption […]
Cryptocurrency
Wall Street launches new ways to bet on bitcoin
For years, bitcoin won by being boring. Investors weren’t able to do all that much with it besides buy and hold it. But that was precisely why the world’s largest cryptocurrency was valuable. It was a commodity, like gold — or corn. It didn’t get too fancy on its offerings. In fact, bitcoin’s core team of developers […]
Crypto liquidations reach $470M as Bitcoin retraces, altcoins surge
Bitcoin retreated after failing to break the $100,000 milestone on Nov. 24, causing one of the largest weekend crypto liquidation events in over half a year. Over $470 million worth of crypto positions were liquidated over the last 24 hours. Long and short liquidations comprised $352.6 million and $119.9 million, respectively, with altcoins accounting for […]
Bitcoin price dip may spur buying spree in BNB, AVAX, NEAR and OKB
Bitcoin BTC$97,517 pulled back below $96,000 on Nov. 24, suggesting that short-term traders are booking profits near $100,000. Corrections are a part and parcel of every bull phase, where newbie traders panic, but experienced traders view the dips as a buying opportunity. The prediction markets are projecting a breakout above $100,000 in 2024. Data from betting platform […]
Bitcoin and Black Friday will rock markets this week
The market exuberance that erupted after the Nov. 5 election is still going strong, even if some of the biggest stocks seemed to lose a step or two. Nvidia (NVDA) reported great earnings on Wednesday, but the shares actually fell on the week — a whopping 0.02%. Yet, with a market capitalization of $3.476 trillion […]
Van Eck reissues $180K Bitcoin price target for current market cycle
Global investment manager Van Eck has reissued its $180,000 price target for Bitcoin at the peak of the current cycle. In its latest Bitcoin report on Nov. 21, Van Eck digital asset analysts Nathan Frankovitz and Matthe Sigel said the next phase of the crypto bull market is only “just beginning.” They predicted that an increasingly friendly […]
Is It Too late to Buy Bitcoin as It Threatens $100,000?
Bitcoin TC -0.25%) enthusiasts are rejoicing as the cryptocurrency continues to set new all-time highs. Earlier this month it surpassed its long-held high of just under $74,000 and in a few short weeks it’s up more than 25%. Priced at $100,000, a target once many investors could only dream about, is squarely within striking distance […]
Bitcoin reaches record high, vaults toward $100,000
Bitcoin vaulted to a record high on Thursday, surging more than 3% in early trading and hurtling toward investors’ long-sought milestone of $100,000. The price of bitcoin briefly exceeded $98,000 for the first time on Thursday morning, before retreating to about $97,600. The value of the world’s most popular cryptocurrency has soared 31% since the […]
If You Bought $1 Worth Of Bitcoin At Launch, Here’s How Much You’d Have Today
The price of leading cryptocurrency Bitcoin BTC/USD continues to hit new all-time highs, breaking several records since the 2024 presidential election. Investors who bought earlier this year or ahead of the election have generated strong profits, but nowhere near the gains that investors got being early believers in the cryptocurrency. What Happened: In October 2008, […]
Bitcoin Going to $140K Says Trio of AIs Managing $30M Investment Fund
There’s a $30 million fund that, for all intents and purposes, leaves all investment decisions to be made by artificial intelligence (AI). The firm’s name: Intelligent Alpha. Its staff includes founder and CEO Doug Clinton, a few programmers and contractors, and a trio of AIs — OpenAI’s ChatGPT, Google’s Gemini and Anthropic’s Claude. The AI […]