Cryptocurrency

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, 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 […]

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 […]

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 […]

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 […]

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 […]

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 […]