U.S. Bitcoin ETFs Draw $1B in Daily Inflows as Ethereum Funds See Mixed Results According to data from sosovalue.com, Blackrock‘s IBIT fund, trading on Nasdaq, led the pack with $608.41 million in inflows, showcasing a strong level of investor enthusiasm. Meanwhile, Grayscale’s NYSE-listed GBTC fund experienced an outflow of $7.81 million, while Fidelity’s FBTC bitcoin fund on CBOE […]
Cryptocurrency
Bitcoin hovers near $100,000 as post-election highs continue. Here’s what to know.
Bitcoin topped $98,000 for the first time Thursday, extending a streak of almost daily all-time highs since the U.S. presidential election. The cryptocurrency has rocketed more than 40% in just two weeks. Now, bitcoin is at the doorstep of $100,000 and investors do not appear to be fazed by gravity or any cautionary tales of […]
MicroStrategy stock plummets 16% after new short bet with bitcoin trading at record highs
MicroStrategy (MSTR) shares plummeted more than 16% after short seller Citron Research said it had taken a new bet against the stock, which has gained over 500% this year. Even with Thursday’s decline, MicroStrategy stock has soared more than 50% since crypto-friendly President-elect Donald Trump’s victory earlier in November. Bitcoin itself is up roughly 30% […]
Bitcoin ETF options begin trading, ushering in a new way for investors to hedge their bitcoin exposure
Options on BlackRock’s popular iShares Bitcoin Trust ETF (IBIT) began trading on the Nasdaq Tuesday, ushering in a new way to trade and speculate on the price of bitcoin. IBIT traded 73,000 options contracts in the first 60 mins of trading Tuesday, Nasdaq told CNBC, placing the fund in the top 20 of the most active nonindex […]
Bitcoin surges to record high near $95,000
Bitcoin rose to a fresh record high just shy of $95,000 after a report that Donald Trump’s social media company was in talks to buy crypto trading firm Bakkt (BKKT.N), opens new tab boosted expectations of a crypto-friendly regime under his incoming administration. Bitcoin , the world’s biggest and best-known cryptocurrency, has more than doubled […]
Biotechs go big for bitcoin: Trio of companies each plan to stash $1M as reserve
With President-elect Trump’s incoming administration having suggested it could create a national bitcoin reserve, a selection of biotechs have this morning announced their own plans to each create stockpiles of up to $1 million of the decentralized digital currency. They include Acurx Pharmaceuticals, a Nasdaq-listed biotech with an antibiotic for Clostridioides difficile in phase 2 […]
Bitcoin rises to fresh record above $94,000 as investors watch Trump transition, ETF options
Bitcoin advanced past $94,000 on Wednesday for the first time as traders continued to monitor President-elect Donald Trump’s transition back to the White House and weighed early options trading on bitcoin exchange-traded funds. The price of the cryptocurrency was last higher by 1.5% at $94,375.79, according to Coin Metrics. Earlier, it traded as high as $94,989.99. […]
Here’s How Much $100 In Bitcoin Could Be Worth In 2030 If Cathie Wood’s Price Target Is Reached
Ark Invest CEO Cathie Wood has been a vocal bull for the cryptocurrency sector for years, specifically for leading cryptocurrency Bitcoin (CRYPTO: BTC), which she recently said could be helped by the incoming White House administration. Wood has shared price targets for Bitcoin over the years, including a high of $3.8 million for BTC by […]
Bitcoin has smashed records. Should you invest?
In the first quarter of this year, the price of bitcoin broke records in the wake of approval by the Securities and Exchange Commission for the first exchange-traded spot bitcoin funds. The cryptocurrency topped $70,000 in March, according to coinmarketcap.com. Then, with crypto advocates buoyed by Donald Trump’s win in the US presidential election this […]
Bitcoin rises to a new record as investors absorb growing Ukraine-Russia tensions
Bitcoin moved higher Tuesday, at one point breaching $94,000 for the first time, amid rising geopolitical tensions between Ukraine and Russia. The price of the flagship cryptocurrency was last higher by more than 1% at $92,616.00, according to Coin Metrics. Earlier, it rose as high as $94,068.75. Shares of MicroStrategy, which trade as a bitcoin […]
