Cryptocurrency

Bitcoin (BTC) has surged over 40% this year, outshining major equity indices, fixed-income securities, gold and even oil, which recently rose on the back of geopolitical tensions. However, according to data tracked by Goldman Sachs, its stellar performance in absolute terms is not sufficient to compensate for its volatility. Bitcoin’s year-to-date return to volatility ratio is under […]

Institutions and politicians have frequently slammed maverick Bitcoin booster Nayib Bukele, president of El Salvador, for his handling of his country’s finances. But things may be paying off for the eccentric leader of the tiny Central American nation: the country’s bonds are booming. Bloomberg data shows that the bonds rallied after the country asked holders […]

China’s battered stock market has experienced a resurgence since late September powered by the barrage of stimulus by Beijing. But this surge could be sucking capital out of the crypto market, capping the upside in bitcoin, the leading cryptocurrency by market value, and other Asian markets, according to observers. “The current surge in Chinese stocks, […]

Bitcoin BTC$62,604.17 has been unable to sustain levels above $66,000 since July 31, despite achieving a 5.2% gain between Oct. 3 and Oct. 7. Some analysts assert that Bitcoin benefits from the ever-growing United States federal debt; however, while this correlation appears valid, it has minimal influence on short-term price trends. In reality, socio-political events seem to […]

Bitcoin BTC$63,662.38 faces potential selling pressure as the dollar value of hodlers’ BTC exposure falls by billions of dollars. New research by onchain analytics platform CryptoQuant shows speculators stepping in while seasoned hodlers go risk-off on BTC. Bitcoin hodlers “likely taking profits” Amid continued enthusiasm over a return to all-time highs for BTC/USD, Bitcoin long-term holders (LTHs) are taking no […]

There’s more to like about Bitcoin beyond its enormous upside potential. In 2024, a surprising number of billionaires have turned bullish on Bitcoin (BTC 2.61%). Some of them are billionaire hedge fund managers. Others are tech entrepreneurs or captains of industry. And there’s even a billionaire real estate mogul-turned-politician who has embraced Bitcoin as a campaign issue. This […]

A closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000. Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market. But the trader warns that […]

Uruguay has recently made significant strides in regulating the cryptocurrency sector with the enactment of Bill 20.345, focusing on Bitcoin (BTC) and other digital currencies. This legislation positions Uruguay as a pioneer not only in Latin America but also globally, where few jurisdictions have established specific legal frameworks for cryptocurrencies. As reported by Crypto News […]

Cathie Wood’s most recent price target for Bitcoin is even higher than the target issued by her own firm. Cathie Wood is the founder and chief investment officer of Ark Investment Management, which operates several exchange-traded funds focused on innovative technology stocks. Electric vehicles, e-commerce, space exploration, artificial intelligence (AI), and cryptocurrency are just some […]

An “ancient” Bitcoin whale that mined BTC in the Bitcoin network’s first two months of existence has moved more BTC to cryptocurrency exchange Kraken, a blockchain data firm says. “This Bitcoin was mined ONE MONTH after Bitcoin’s launch in Feb/March 2009,” Arkham Intelligence pointed out in an Oct. 4 X post. The mysterious Bitcoin whale transferred 10 […]