This digital asset trades meaningfully below its peak price. In typical fashion, Bitcoin (BTC -1.62%) has been on a volatile journey in 2024. After soaring about 60% through the first three months of the year, it has traded in a relatively tight range since. As of Sept. 26, the world’s top digital asset sits 11% below its all-time high […]
Cryptocurrency
How a Recent Announcement From One of Wall Street’s Biggest Names Could be a Complete Game Changer for Bitcoin
BlackRock’s recent endorsement of Bitcoin highlights the cryptocurrency’s potential to grow for years to come. Bitcoin‘s (BTC -0.35%) evolution over the past 15 years has been nothing short of extraordinary. If you had told someone when Bitcoin first launched in 2009 that the world’s largest asset manager would one day declare Bitcoin a portfolio necessity, they likely wouldn’t […]
Bitcoin poised for surge, analysts expect new all-time high
Bitcoin price has done modestly well this week as it soared to $66,000, rising to its highest level since July 31. Bitcoin moves into bull market Bitcoin btc-0.09%Bitcoin recovery coincided with the surge of the most risky assets like altcoins and equities. The Dow Jones and the S&P 500 index have jumped to a record high, while […]
Should You Buy iShares Bitcoin Trust ETF While It’s Less Than $40?
Looking for a more affordable way to invest in Bitcoin? The iShares Bitcoin Trust ETF (IBIT) offers exposure to the cryptocurrency with several key benefits, including a lower price point. The crypto market is poised for serious price gains over the next year or two. In particular, many investors look forward to a significant price […]
Bitcoin Holds Above $65,000 After China’s ‘Policy Bazooka’ Stimulus
Bitcoin (BTC) surged past $65,000, holding steady at $65,580 amid a 3% rally, as experts point to easing monetary policy, China’s stimulus, and increasing on-chain activity as key drivers for the current momentum. Analysts now suggest a fourth quarter rally is likely, with targets set for $70,000 in the near term. Ethereum (ETH) also followed […]
Bitcoin and Binance token dip slightly as CZ is released
Binance founder Changpeng Zhao was released early from custody on Sept. 27, and the price of Bitcoin and Binance’s BNB token dipped slightly since the start of the trading day. According to a previous Forbes report, Zhao holds 64% of the total BNB supply, placing the entrepreneur’s net worth around $61 billion in June 2024 and […]
Leveraged MicroStrategy ETFs Are a ‘Ghost Pepper’ Bet on Bitcoin—And They’re Booming
American investors appear to be regaining their appetite for risk, as new exchange-traded funds (ETFs) giving a leveraged position to MicroStrategy stock are booming. MSTX, which launched in August, now has $357.6 million in assets under management. The fund aims to give investors daily leveraged investment results of 1.75 times (or 175% of) the daily […]
Q4 crypto rally chances ‘exceptionally high,’ fueled by BTC $65K breakout
The chances of a bully rally in the highly anticipated fourth quarter are strong following Bitcoin’s return above the $65,000 price level, according to a crypto analyst. “The likelihood of a Q4 rally is exceptionally high, with gains likely front-loaded,” 10x Research head of research Markus Thielen stated in a Sept. 27 report viewed by […]
MENA’s Crypto Market Soars With Türkiye, UAE, Saudi Arabia, and Qatar Leading the Charge
According to a Chainalysis report, the Middle East & North Africa (MENA) region has emerged as a significant player in the global crypto market, ranking seventh globally with $338.7 billion in on-chain value received between July 2023 and June 2024. Türkiye leads the region, driven by high consumer engagement and stablecoin adoption amidst inflation, while […]
Bitcoin rallied above $65K, but will BTC price hold this level?
Bitcoin’s price dropped to $62,705 in the early hours of Sept. 26, causing bulls to temporarily lose hope after the third rejection at the $64,000 resistance level in just four days. However, the tide shifted as the United States stock market opened, propelling the S&P 500 index to a new all-time high. Bitcoin soon followed, […]