Bitcoin recently reached a record price of $103,332, driven by factors like ETF approvals, its halving event, interest rate cuts, and supportive government policies. Although its price has since dipped, Bitcoin is still up over 120% in the last year and holds a Market cap of $1.93 trillion, making it the leading cryptocurrency. Meanwhile, Solana, ...
As 2024 comes to a close, PYMNTS’ “What’s Next in Payments” series has captured key insights from industry leaders about the evolving landscape of banking, payments, and the connected economy. Highlights include discussions on the future of generative AI in finance, the transformation of banking as institutions adapt to consumer demands, and advancements in payment ...
As 2024 wraps up, investors celebrate significant gains in major stock indexes due to the rise of artificial intelligence and stock-split excitement. However, the cryptocurrency Market outperformed traditional stocks, with the total value climbing from $1.71 trillion to $3.32 trillion—an impressive 94% increase. Bitcoin surged by 125%, greatly boosted by the introduction of spot exchange-traded ...
HIVE Digital Technologies Ltd. is relocating its headquarters from Vancouver, Canada, to San Antonio, Texas, to enhance growth and align with the U.S. blockchain Market. This move will allow the company to better access the thriving cryptocurrency ecosystem and benefit from Texas’ business-friendly environment. HIVE is also transitioning to U.S. Generally Accepted Accounting Principles (GAAP) ...
Ethereum (ETH) is stabilizing around $3,400, aiming to finish the year with about a 50% gain. Despite this, its performance has lagged behind Bitcoin and other top altcoins. Looking ahead to 2025, the Pectra upgrade promises significant improvements in scalability and security, potentially boosting Ethereum’s performance and user experience. Meanwhile, institutional investors are steadily accumulating ...
Ethereum is currently facing Market volatility but is still projected to reach a price target of $8,000. Analyst Trader Tardigrade believes that Ethereum’s long-term outlook remains strong despite short-term fluctuations. He points to a bullish Cup and Handle pattern, suggesting that once Ethereum breaks out of this formation, it could lead to significant upward movement. ...
In 2024, Bitcoin emerged as the top-performing asset class, driven by the introduction of new exchange-traded funds (ETFs) and increasing Market confidence following the U.S. presidential election. Bitcoin’s price more than doubled to around $95,500, while Ether gained nearly 50%, trading at approximately $3,400. The optimism is partly due to expectations of clearer cryptocurrency regulations ...
In 2024, Bitcoin emerged as the top-performing asset class, driven by the launch of new ETFs and optimism surrounding potential deregulation following a U.S. presidential election. Its price skyrocketed from around $40,000 to nearly $95,500, while Ether also saw impressive gains. Despite these highs, the Market remained volatile, and profit-taking trends were evident as the ...
MicroStrategy, a company focused on business intelligence and cloud services, recently announced a significant move in its investment strategy. For 2024, they reported a remarkable 74.1% yield from Bitcoin (BTC) investments. In December 2024, the company sold $209 million worth of shares to acquire 2,138 bitcoins, bringing their total holdings to 446,400 bitcoins. This underscores ...
MicroStrategy recently announced a significant update regarding its business strategy. The company reported an impressive Bitcoin yield of 74.1% for 2024, reflecting its commitment to using equity capital for Bitcoin acquisition. In December 2024, MicroStrategy sold shares worth $209 million and purchased 2,138 more bitcoins, bringing its total holdings to 446,400 bitcoins. This move underscores ...
