Bitcoin faces a tough battle for support after a macro scare stopped the bull market in its tracks. Bitcoin BTC$95,871 price losses have passed $12,000 in two days, but crypto traders and analysts are now lining up even lower targets. BTC price analysis warns $90,000 “not the dip” Bitcoin panicked both retail and institutional investors with its drop […]
Cryptocurrency
Trump is looking to create a bitcoin strategic reserve. How would that work?
Bitcoin prices have been climbing this year thanks in part to President-elect Donald Trump’s messaging on creating a crypto-friendly administration ‒ including plans to stockpile the volatile digital currency. At a July conference, Trump said hanging onto the country’s bitcoin holdings would create “a permanent national asset to benefit all Americans” and help make the […]
Powell says Fed cannot hold bitcoin, not seeking to change that
Federal Reserve Chair Jerome Powell said on Wednesday the U.S. central bank has no desire to be involved in any government effort to stockpile large amounts of bitcoin. “We’re not allowed to own bitcoin,” Powell said at a press conference following the Fed’s latest two-day policy meeting, in which policymakers cut rates as expected while […]
Here’s what to know before ‘taking some risk off the table’ with bitcoin profits, advisor says
Many investors are likely still deciding whether to stay in bitcoin or reduce their profits from the last bull run to new all-time highs. So, after a strong year for bitcoin, it could be time for investors to weigh rebalancing their portfolio by shifting assets to align with other financial goals, according to financial experts. […]
Here’s How Much $100 of Bitcoin Would Be Worth If It Reaches This Billionaire’s 2045 Price Target
The billionaire Michael Saylor, the executive chairman of enterprise software provider MicroStrategy (MSTR -9.52%), is a prominent Bitcoin (BTC -3.59%) bull. This view has worked out nicely for him after the world’s most valuable cryptocurrency has seen its price surge 151% in 2024 (as of the afternoon of Dec. 17). Saylor has positioned MicroStrategy to raise equity and debt capital in order […]
As bitcoin soars, luxury brands consider accepting crypto payments
Bitcoin’s soaring value has caught the attention of high-end fashion brands and retailers, prompting further interest in offering cryptocurrencies as a means of payment to tap in to fresh pockets of wealth and build loyalty with crypto investors. Until recently, only a handful of luxury brands including LVMH (LVMH.PA), opens new tab watch labels Hublot […]
Will Bitcoin Stay Above $100,000 in 2025?
To the delight of many investors, Bitcoin (BTC -3.05%) finally breached the $100,000 mark in 2024. But as the year draws to a close, Bitcoin owners are left wondering what comes next. Could Bitcoin soar to even greater heights in 2025, or is this surge above $100,000 a short-lived phenomenon, setting the stage for a […]
Bitcoin Sets Another All-Time High in Climb Toward $110,000
Bitcoin reached an all-time high for a second consecutive day, with traders eyeing the $110,000 price level. The original cryptocurrency rose as much as 2.1% to $108,315 on Tuesday, before retreating back to its price at the start of the day around $106,000. It has surged more than 150% this year, and traders are increasing […]
Microstrategy Buys More Bitcoin: Another $1.5 Billion Added To Holdings
Michael Saylor’s Microstrategy has just announced a new Bitcoin purchase that has taken the firm’s total holdings to 439,000 BTC. Microstrategy Has Bought Another 15,350 BTC A large buyer that has had a constant presence during this latest Bitcoin bull run has been Microstrategy. The cryptocurrency’s price has been racing up while the company has been […]
MicroStrategy gives back earlier gains following bitcoin proxy’s inclusion in Nasdaq-100 index and ‘QQQ’ ETF
Shares of MicroStrategy were higher Monday after Nasdaq announced the bitcoin proxy will join the tech-heavy Nasdaq-100 index. The stock was last lower by less than 1%, after jumping as much as 7% earlier. Nasdaq rebalances its Nasdaq-100 index every year. The companies flagged for inclusion are mostly based on the market cap rankings as of the final trading day […]