Bitcoin BTC$90,525 risks “short-term issues” on its route to six figures — including a correction to nearly $70,000. In one of its Quicktake market updates on Nov. 16, onchain analytics platform CryptoQuant said BTC price action may see some “healthy cooling.” BTC price analysis considers “healthy cooling” Bitcoin continues to circle $90,000 as week-to-date gains approach 13% into the […]
Cryptocurrency
Is iShares Bitcoin Trust ETF a Millionaire Maker?
Bitcoin has soared an eye-popping 22,000% over the past decade, so it’s clear that many early adopters probably have become millionaires — the world’s biggest crypto launched back in 2009. And this top cryptocurrency continues to head higher these days, with a 100% increase so far this year, suggesting there may be a lot more to […]
‘There is a global race underway for Bitcoin’ — Anthony Pompliano
Asset manager and investor Anthony Pompliano recently stated that the global Bitcoin BTC$89,909 arms race between sovereign nations and governments has already started. In an appearance on Yahoo Finance, Pompliano argued that market participants believe President-elect Trump will keep his campaign promises and establish a Bitcoin strategic reserve, and that doing so would be in the best interest of […]
Michael Van De Poppe Says Bitcoin, Ethereum And Altcoins Close To The Point Where Investors Can ‘Buy The Dip’
Cryptocurrency enthusiasts are closely watching as both Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) near critical buying levels, according to renowned analyst Michael van de Poppe. What Happened: Van de Poppe has identified that Bitcoin and Ethereum are approaching levels where purchasing on dips could prove beneficial. Van de Poppe stressed the significance of “dip […]
How high will Bitcoin go? Here’s what prediction markets say
Prediction markets had a breakout moment during the presidential election, when they proved to be more accurate than most opinion polls. So with various cryptocurrencies soaring since Donald Trump won the election, maybe prediction markets can accurately answer the question, “How high will Bitcoin go?” On the crypto-based Polymarket, where the so-called French whale netted a massive post-election […]
Goldman Sachs holds $710M in Bitcoin ETFs — SEC filing
Goldman Sachs, a major global investment bank once critical of Bitcoin, has disclosed significant holdings in Bitcoin exchange-traded funds (ETFs). In a Nov. 14 filing with the United States Securities and Exchange Commission, Goldman Sachs reported about $718 million in holdings in eight Bitcoin BTC$91,361 ETFs. The report disclosed a $461-million investment in BlackRock’s spot Bitcoin ETF, the iShares […]
Millennium, Capula, Tudor pile bitcoin ETFs into portfolios
Hedge funds including Millennium Management, Capula Management and Tudor Investment increased their exposure to U.S. spot bitcoin exchange-traded funds in the third quarter, securities filings showed, as a popular election-driven arbitrage trade ramped up. President-elect Donald Trump embraced digital assets during his campaign, promising friendly regulation and to accumulate a national stockpile of bitcoin. The cryptocurrency surpassed […]
This OG Bitcoin Investor Just Turned $120 Into $178M
A bitcoin (BTC) whale moved 2,000 BTC, worth $178 million, to Coinbase after holding their stash since 2010, Mempool data shows. The user first received BTC in 2010, when the asset was worth just $0.06 per coin and had a market cap of around $250,000. Trading volume at the time rarely topped $60,000 per day. Inflows to an exchange […]
Bitcoin Price And The Trump Effect: Here’s What Happened The Last Time Donald Trump Was President
The Bitcoin price has soared to a new all-time high, driven by the bullish sentiment generated by the Donald Trump effect following the just-concluded US Presidential elections. The last time Trump won the US election in 2016, Bitcoin experienced a similar bullish reaction, surging to new ATHs around that time. The Trump Effect On The Bitcoin Price Crypto analyst […]
Vaneck’s Matthew Sigel Sets Bitcoin Target at $180,000
Bitcoin Could Reach $180,000 by Next Year, Says Vaneck’s Sigel Sigel’s outlook on bitcoin (BTC) remains bullish, fueled by what he identifies as indicators of a continued rally. Following recent price surges, he noted that BTC has seen similar patterns during past cycles, notably around elections, with rising demand and steady price recovery. According to the Vaneck executive, BTC’s price growth is […]