Cryptocurrency

MicroStrategy Inc., a company best-known for accumulating a roughly $13 billion hoard of Bitcoin, will be included in a key global equity index following a rally in the firm’s shares that outpaced the digital asset. The Tysons Corner, Virginia-based enterprise software maker is one of the three largest additions to the MSCI World Index based […]

Oklahoma has become the first U.S. state to pass a law protecting the right to self-custody Bitcoin. The new law says citizens cannot be prevented from holding and controlling digital assets using a hardware wallet. It also says that the state government cannot ban or restrict the use of crypto to purchase legal goods and […]

Bitcoin isn’t running alongside meme stocks as it did three years ago, although this week’s stock market action might indicate a big crypto rally is on its way. GameStop and fellow meme stock AMC Entertainment are each up more than 160% over the past two days. Meanwhile, bitcoin is little changed, down just 0.1% in the […]

The State of Wisconsin Investment Board (SWIB) reported investments in spot Bitcoin exchange-traded funds offered by Grayscale and BlackRock. In a May 14 filing with the U.S. Securities and Exchange Commission (SEC), the government entity responsible for managing Wisconsin state trust funds disclosed it held more than 2.4 million shares in the BlackRock iShares Bitcoin Trust (IBIT) […]

Bitcoin’s price will continue to range between $55,000 and $75,000 over the next month, potentially bouncing higher toward the end of Q2, according to Mike Novogratz, the founder and CEO of Galaxy Digital. Speaking on Galaxy Digital’s Q1 earnings call, during which the firm reported record quarterly revenue, Novogratz said crypto markets are currently in a “consolidation […]

A popular Bitcoin chart formation suggests that Bitcoin’s price could break out from its current range. However, this week’s macroeconomic news could also significantly impact the price. Can Bitcoin break out to the upside? Is a Bitcoin breakout imminent? On the four-hour chart, Bitcoin price printed an inverse head and shoulders pattern, a formation used by […]

The Hong Kong-listed spot bitcoin and ether exchange-traded funds (ETFs) saw heavy outflows on Monday following bitcoin’s drop below $61,000 on Friday. The spot bitcoin ETFs from issuers ChinaAMC, Harvest Global, as well as Bosera and Hashkey, saw a combined $32.7 million outflows on Monday, according to data from Farside Investors. This number is significantly higher than previous […]

Bitcoin price rose 3% on May 13 as crypto traders anticipated price volatility ahead of this week’s U.S. macroeconomic data update. Data from Cointelegraph Markets Pro and TradingView showed intraday BTC price high of $63,269 on Coinbase shortly after the Wall Street open on May 13. BTC/USD daily chart. Source: TradingView This week, market participants await the United States inflation […]

This billionaire’s Bitcoin investment plan follows a solid fundamental approach to buying volatile assets. The price of Bitcoin (BTC 0.28%) is primarily determined by the law of supply and demand. Since there’s a fixed supply of the cryptocurrency, growing demand will lead to a higher price. And demand could be increasing due to a big new buyer. Jack Dorsey, the […]

Experienced traders, enlightened amateurs, or just the curious, everyone who has bet on Bitcoin could feast in the recent years. However, the euphoria from the price surges quickly dissipates when it’s time to settle the tax bill. But rest assured, there are perfectly legal ways to postpone this dreaded moment, or even to avoid it […]