Articles for tag: Bitcoin, Cryptocurrency, ETFs, finance news, Investment, MicroStrategy, Stock Market

December 5, 2024

MicroStrategy’s Bitcoin Investment Turns Negative Despite Major $100,000 Milestone Achievement

Cryptocurrency stocks saw significant losses on Thursday despite Bitcoin’s price soaring above $100,000 for the first time. MicroStrategy, known for its Bitcoin investments, fell about 1% after earlier gains. Riot Platforms also dipped 1%, while Mara Holdings barely changed. Robinhood’s stock declined, and Coinbase barely increased. Year-to-date, MicroStrategy has risen an impressive 597%, with Robinhood ...

December 5, 2024

Market News

Crypto

Bitcoin’s 2024 Surge: Uncovering the Factors Driving Its Journey to $100,000

Bitcoin has finally surpassed the significant $100,000 mark, achieving an impressive 140% increase in value during 2024. This surge comes after widespread adoption by major Wall Street institutions and growing discussions around cryptocurrency in the U.S. presidential election. The launch of Bitcoin ETFs at the beginning of the year attracted billions in investments, signaling a ...

December 5, 2024

Market News

Crypto

Bitcoin Surpasses $2 Trillion Market Cap, Outshining Tesla, Facebook, and Saudi Aramco in Financial Dominance

Bitcoin has hit a significant milestone, reaching $100,000 and its Market cap exceeding $2 trillion. This surge is largely driven by growing investor optimism, boosted by President-elect Donald Trump’s supportive attitude toward cryptocurrencies and the appointment of Paul Atkins as the new SEC chairman. With Bitcoin now outperforming major companies and the economies of countries ...

December 5, 2024

Market News

Crypto

Worksport (WKSP) Embraces Cryptocurrency: Bitcoin and XRP Adoption to Revolutionize Payment Solutions and Enhance Customer Experience

Worksport Ltd., a New York-based manufacturer focused on hybrid and clean energy solutions, is making a notable shift in its financial strategy by investing in cryptocurrencies like Bitcoin and XRP. The company plans to allocate up to $5 million, or 10% of its excess operational cash, towards these digital assets. This move aims to enhance ...

December 5, 2024

Market News

Crypto

MicroStrategy Boosts Crypto Stocks as Bitcoin Surges Past $100,000 for the First Time

Cryptocurrency stocks saw a significant rise in premarket trading as Bitcoin’s price jumped over $100,000 for the first time. Companies like MicroStrategy, Robinhood, and Coinbase experienced substantial gains, with MicroStrategy’s stock up 6.1% due to its heavy investment in Bitcoin. Since 2020, MicroStrategy’s value has soared more than 2,700%. This year alone, it’s up nearly ...

December 5, 2024

Market News

Crypto

Bitcoin Reaches $100,000 as Trump Appoints Cryptocurrency Advocate to Lead Financial Watchdog Agency

Bitcoin has hit a record high of over $100,000, fueled by Donald Trump’s recent presidential team nomination. As of early today, the cryptocurrency reached a value of $103,280, marking a significant 7.9% increase in just 24 hours. This surge began on November 5, coinciding with the U.S. election, leading to a total rise of around ...

December 5, 2024

Market News

Crypto

Bitcoin Hits $100,000: What Does This Milestone Mean for Investors and the Future of Cryptocurrency?

Discover the latest insights in crypto with Roula Khalaf’s newsletter, where she curates essential stories, including Bitcoin’s recent surge to $100,000. While traditional valuation methods for Bitcoin leave many puzzled, a quirky approach using tarot cards offers a fun twist. The tarot readings shed light on Bitcoin’s past, present, and future, reflecting themes of expansion, ...

December 5, 2024

Market News

Crypto

Bitcoin Hits $100,000 Milestone: All-Time High Achieved During Trump’s Advocacy for Cryptocurrency

On December 5, 2024, Bitcoin, the leading cryptocurrency, has made history by surpassing the $100,000 mark for the first time. This significant achievement is driven by a surge of investor confidence, largely due to incoming President Donald Trump’s support for the cryptocurrency Market. His recent nomination of crypto advocate Paul Atkins as the new head ...

December 5, 2024

Market News

Crypto

Bitcoin Exceeds $100,000 Amid Trump-Inspired Rally: What Investors Need to Know

Bitcoin reached $100,000 for the first time on December 5, a significant milestone attributed to the recent election of President Donald Trump and his nomination of Paul Atkins, a crypto-friendly figure, as head of the Securities and Exchange Commission. Over the past month, Bitcoin’s price has surged more than 40%. Trump’s administration is expected to ...

December 5, 2024

Market News

Crypto

Bitcoin Surges Past $100,000 While Australian Dollar Struggles and ASX Gains Momentum in Financial Markets

In today’s Market update, the ASX 200 is up by 0.3%, reaching 8,491 points, while the Australian dollar has slightly increased to 64.33 US cents. Notable movements include Bitcoin surging 3.2% to hit $101,000, significantly influenced by Donald Trump’s new SEC pick, Paul Atkins, seen as friendly to cryptocurrency. Meanwhile, BHP’s president is advocating for ...