Bitcoin has hit a new all-time high of $106,648, continuing its bullish momentum after a 3.32% rally last week. Meanwhile, Ethereum is flirting with the $4,000 resistance level; if it can close above this mark, it may surge further. On the other hand, Ripple is showing signs of caution as it trades around $2.40, having ...
Treasury Secretary Janet Yellen has urged the next administration to maintain key financial regulations that oversee banks’ capital, liquidity, and risk management. In a recent interview, she acknowledged the current system’s flaws but stressed that it is not fundamentally broken. Yellen cautioned against drastic changes, especially concerning bank deposit insurance, citing the potential for financial ...
Bitcoin reached a new all-time high of over $106,000 as investors anticipated a likely interest rate cut from the Federal Reserve. This rally saw Bitcoin rise by more than 4%, while Ether also gained 4%, approaching the $4,000 mark. The overall cryptocurrency Market, represented by the CoinDesk 20 index, also recorded a 4% increase. Despite ...
Michael Saylor, co-founder of MicroStrategy, has raised eyebrows with hints of a potential new Bitcoin purchase after the company joined the Nasdaq-100 Index. His recent social media posts suggest that MicroStrategy may soon add to its already impressive portfolio of over 171,000 BTC, which amounts to an investment exceeding $15 billion. This acquisition would mark ...
This year, Bitcoin has made significant strides into the mainstream, but not everyone is convinced. Renowned American investor Dennis Gartman recently stated that he won’t invest in Bitcoin, expressing his surprise at its popularity. He believes Bitcoin’s value, while recognized in recent months, might not be genuine. Gartman favors traditional investments like gold, which has ...
Coinbase, a leading cryptocurrency exchange, is facing a lawsuit for over $1 billion from BiT Global Digital Limited, a company based in Hong Kong. The lawsuit claims that Coinbase acted unfairly by delisting Wrapped Bitcoin (wBTC) from its platform to benefit its own product, cbBTC. BiT Global argues that Coinbase’s reasons for the delisting are ...
DKBitex, a leading cryptocurrency exchange in Dubai, is set to hold its first token burn for its native token, DKBC, on December 17, 2024. This move will permanently eliminate 5% of DKBC’s circulating supply, aiming to enhance its value and scarcity. CEO Daniel Carter highlighted the importance of this event, stressing it as a response ...
Microsoft shareholders recently voted against a proposal to include Bitcoin in the company’s balance sheet, following the board’s recommendation to decline. Had the proposal passed, it could have sparked a surge in corporate Bitcoin adoption, potentially elevating its Market price and creating new wealth for investors. This rejection comes as activist groups aim to persuade ...
Tom Lee, head of research at Fundstrat Global Advisors, has made a name for himself with accurate predictions about the stock Market and Bitcoin. After correctly forecasting a 24% rise in the S&P 500 last year, he now anticipates Bitcoin will reach $250,000 by 2025, indicating a potential 150% gain from its current price around ...
Tom Lee, head of research at Fundstrat Global Advisors, has made bold predictions about the stock Market and Bitcoin. He previously forecasted a 24% rise in the S&P 500, which came true, and now he predicts it will reach 6,000 in 2024. Lee also expects Bitcoin to surpass $100,000 this year and possibly hit $250,000 ...
