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 […]
Cryptocurrency
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 […]
BTC price ‘issues’ include $70K dip despite Bitcoin whale accumulation
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 […]
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 […]