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 […]
Cryptocurrency
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 […]
Bitcoin’s Correlation to U.S. Equities and Ether Weakens: Van Straten
Bitcoin (BTC), the largest token by market capitalization, is currently around the $92,000 price mark, up over 115% year-to-date. At the same time, the total cryptocurrency market has just breached $3.025 trillion, a new all-time high according to the metric TOTAL on TradingView. The market perceives bitcoin as a risk-on asset; one of the riskiest assets in the […]
MicroStrategy’s $26 billion bitcoin cache is larger than IBM, Nike cash holdings
Michael Saylor’s unorthodox decision to hold Bitcoin (BTC-USD) instead of cash on MicroStrategy Inc.’s (MSTR) books has vaulted the once obscure software maker into the upper echelon of the wealthiest corporations when it comes to financial assets. Listen to the Here’s Why podcast on Apple, Spotify or anywhere you listen. The Tysons Corner, Virginia-based firm’s […]
Bitcoin is ‘risky,’ but not a risk-on asset: BlackRock strategist
Bitcoin (BTC-USD) and other crypto-related assets have rallied following President-elect Donald Trump’s win as the second Trump administration is expected to be crypto-friendly. BlackRock head of digital assets Robbie Mitchnick joins Julie Hyman and Josh Lipton on Market Domination Overtime to discuss his perspective on the crypto space and the “critical” distinction that bitcoin is […]
4 Altcoins Below $10 That Will Outperform Bitcoin and Turn $550 into $110000 in the Coming Weeks
For many investors, Bitcoin has become the “digital gold” of the cryptocurrency universe in recent years—a reliable store of wealth. Though Bitcoin’s position is stable, some rival cryptocurrencies—known as altcoins—offer amazing potential for quick expansion and are still priced at less than $10. Altcoins can provide special chances for investors looking to maximize gains in […]