Cryptocurrency

The prospect of Trump’s return to the White House has sparked Pennsylvania lawmakers to introduce legislation that would enable the state’s treasury to hold the world’s largest digital asset on its balance sheet as part of a broader movement to recognize bitcoin as a store of value. The legislation comes as pro-crypto Republican Sen. Cynthia […]

Nearly three years have passed since NFL wide receiver Odell Beckham Jr. revealed he would receive his salary from the Los Angeles Rams in Bitcoin. His decision to veer away from getting paychecks in traditional currency raised some questions at the time. Beckham’s 2021 base salary of $1.25 million, along with another $3 million available […]

Bitcoin’s (BTC) price soared to a record of $93,445 late Wednesday but has since retreated to hover around that all-important resistance level of $90,000. This level is identified by a trendline connecting the twin peaks from 2021, making it a key point to watch. Interestingly, a similar trend has played out in the Nasdaq-to-S&P 500 (NDX/SPX) ratio, which […]

Bitcoin broke through the $90,000 level on Wednesday, to an all-time high in a rally showing no signs of easing on expectations that Donald Trump as U.S. president will be a boon for cryptocurrencies. The world’s biggest cryptocurrency has become one of the most eye-catching movers in the week since the election and on Wednesday touched a […]

Bitcoin has surged over 40% since Oct. 13, and traders remain confident in its upside potential, pointing out that profit-taking is only about half as intense as during previous all-time high cycles. “While profit-taking is substantial, it remains below historical peaks, suggesting additional room for further gains before reaching potential demand exhaustion,” crypto analysis firm […]

Metaplanet disclosed Monday a $28 million jump in its Bitcoin holdings since it began buying up the asset, surpassing the company’s market capitalization at the start of the year. Since late September, the Tokyo-based firm has more than doubled its Bitcoin acquisitions, increasing from 492.82 BTC to 1,018.17 BTC by mid-November, according to a Q3 […]

Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) trade in the red on Tuesday following strong rallies since last week, driven by crypto-friendly candidate Donald Trump’s election victory. Technical indicators now suggest a normal correction for all three coins may be ahead. Bitcoin bulls show signs of exhaustion Bitcoin price reached a new all-time of $89,980 on Tuesday after […]

Bitcoin was trading just shy of $90,000 Monday night after breaching $80,000 just a day earlier. The flagship cryptocurrency was last higher by 12% at $89,100, according to Coin Metrics. Earlier Monday, it rose as high as $89,623.00. Its price is expected by many investors to continue making fresh records on its way up to […]

The U.S. dollar traded close to a four-month peak versus major peers on Tuesday, while bitcoin extended its record rally as investors continued to pile into trades seen as benefiting from the incoming Donald Trump administration. The euro languished near an almost seven-month trough reached overnight, while the yuan wallowed close to a more than […]

The rapidly growing iShares Bitcoin Trust (IBIT) has now blown past one of the biggest funds in an old-school category of investing: gold. According to FactSet, the bitcoin exchange-traded fund had roughly $34.3 billion in AUM as of Friday. That puts it above the iShares Gold Trust (IAU), which had just under $33 billion. The […]