Category Archive: Cryptocurrency, No picture
MicroStrategy stock hits new high as Bitcoin soars to $69,000
Key Takeaways MicroStrategy’s stock aligns closely with Bitcoin’s market performance, reaching new highs. The company holds over 252,000 BTC, influencing its market strategy and valuation. Share this article MicroStrategy (MSTR) stock just recorded a 25-year high of around $255 after US markets opened on Monday, according to data from Yahoo Finance. The surge came amid […]
Bitcoin price could reach $3 million by 2050, says VanEck head of crypto research
Key Takeaways VanEck’s Matthew Sigel forecasts Bitcoin’s value at $3 million by 2050. He thinks Bitcoin could be a big part of the global economy. Share this article Matthew Sigel, head of digital assets research at VanEck, projects that Bitcoin could hit $3 million by 2050 as it becomes a widely accepted and valuable reserve […]
BlackRock’s Bitcoin holdings climb to $27.73 billion as Ethereum ETF outflows reach $7 million
Key Takeaways BlackRock’s Bitcoin holdings have reached 403,725 BTC, valued at approximately $27.73 billion. Ethereum ETFs recorded a net outflow of 2,917 ETH over the past seven days, indicating a decline in market interest. Share this article BlackRock, the world’s largest asset manager, recorded a significant increase in its Bitcoin ETF holdings, reaching 403,725 BTC, […]
Robinhood debuts presidential election betting, stock climbs 4%
Key Takeaways Robinhood’s stock increased by 4% following the announcement of its election trading feature. The political prediction market’s volume surged 565% in Q3. Share this article Robinhood Markets (HOOD) saw its stock price increase by almost 4% to $28 after the US market opened on Monday, according to Yahoo Finance data. The rise followed […]
Circle CEO stands firm on IPO plans, says no extra funding needed
Key Takeaways Circle’s IPO continues as planned without additional funding needs. Tether, Circle’s competing stablecoin issuer, faces allegations of facilitating illegal activities. Share this article Circle is financially strong and well on track to pursue a public listing without needing to raise additional funds, said Circle CEO Jeremy Allaire in a recent interview with Bloomberg. […]
Russia enacts control measure on Bitcoin mining operations
Key Takeaways The new Russian law allows the government to ban digital currency mining in specific areas. Federal agencies now have access to digital currency identifier addresses. Share this article The Russian government has enacted a new law regulating digital currency turnover, aiming to control Bitcoin and crypto mining activities, Russian news agency TASS reported […]
Bitcoin set for ‘huge move’ as Bollinger Bands hit tightest levels
Key Takeaways Bitcoin’s Bollinger Bands are at historic tight levels, indicating a likely major market move. Past tight Bollinger Band periods have preceded significant bull runs. Share this article Bitcoin is poised for a major price movement as its Bollinger Bands are showing one of the tightest formations in history. When the bands are at […]
Japan’s financial group pushes for Bitcoin and Ether for crypto ETFs
Key Takeaways Japanese financial institutions propose crypto ETFs focusing on Bitcoin and Ether. Proposals include reevaluating tax policies on crypto income. Share this article A coalition of Japanese companies has proposed that discussions regarding the establishment of crypto ETFs should focus on major tokens such as Bitcoin and Ether. This initiative comes as Japan considers whether […]
MicroStrategy stock reaches 25-year high at $245 ahead of Q3 earnings report
Key Takeaways MicroStrategy’s stock reached a 25-year high of $245 ahead of its Q3 earnings report. The MSTR/BTC Ratio hits a record high, reflecting strong performance relative to Bitcoin. Share this article MicroStrategy (MSTR) stock surged after the US markets opened Friday, rising from around $235 to $245, its highest level over the past 25 […]
Bitcoin whales scoop up BTC like never before as market eyes new highs
Key Takeaways Bitcoin whales have reached a record accumulation of 670,000 BTC. Historical trends show whale buying often precedes major market rallies. Share this article Bitcoin whales have reached a historic milestone by accumulating 670,000 BTC, the highest level of whale holdings on record, according to a post by crypto analysis firm CryptoQuant. Although Bitcoin recently […]
