Articles for tag: Adam Back, Bitcoin, BlackRock, Blockchain, Cryptocurrency, Financial news, Supply Cap

December 20, 2024

Is Bitcoin’s 21 Million Cap Safe? Insights from Adam Back on the Future of Bitcoin and Its Scarcity.

Blockstream CEO Adam Back has addressed recent concerns about Bitcoin’s supply limit amid discussions involving financial giant BlackRock. Back, recognized for his role in Bitcoin’s early development, reassured the community that the cryptocurrency’s scarcity, capped at 21 million coins, remains intact. This reassurance comes after MicroStrategy’s Michael Saylor shared a video from BlackRock that included ...

December 19, 2024

Market News

Crypto

Bitcoin Recovers After Fed Selloff: $100,000 Price Target Reemerges in Market Analysis

Bitcoin has bounced back above $100,000 after dipping below that mark, driven by traders looking for bargains. The cryptocurrency climbed to a high of $101,700 after hitting a low of $98,500 the previous day. This recovery comes despite mixed signals from the Federal Reserve, which has announced plans to cut interest rates, but only twice ...

December 14, 2024

Market News

Crypto

Annual Changes to the Nasdaq-100 Index®: Key Insights and Impacts for Investors in 2023

On December 13, 2024, Nasdaq announced the annual updates to the Nasdaq-100 Index, set to take effect before trading starts on December 23, 2024. This reconstitution will see Palantir Technologies, MicroStrategy, and Axon Enterprise added to the index, which includes the largest non-financial firms listed on the Nasdaq Stock Market. Meanwhile, Illumina, Super Micro Computer, ...

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 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 ...

November 29, 2024

Market News

Crypto

Wall Street Patterns: Why History’s Rhymes Spell Trouble for MicroStrategy’s Future Investments

This year has been remarkable for the stock Market, with major indexes like the Dow, S&P 500, and Nasdaq reaching multiple record highs, mainly driven by excitement around artificial intelligence and stock-split enthusiasm. However, cryptocurrencies, particularly Bitcoin, have significantly outperformed these indexes, boasting a staggering 118% increase in 2024. MicroStrategy, a firm that champions Bitcoin ...

November 2, 2024

Market News

Business

U.S. Market Close Highlights with Bloomberg’s Expert Analysis Today

Good evening. The U.S. markets closed mixed today, with the Dow slipping slightly while the S&P 500 and Nasdaq posted gains. Investors remained cautious amid ongoing inflation concerns and the Federal Reserve's interest rate decisions. Tech stocks saw a boost, driven by positive earnings reports, while energy shares struggled with fluctuating oil prices. As we head into the end of the week, all eyes will be on upcoming economic data that could shape market sentiment. That’s your market wrap.

October 26, 2024

Market News

Business

Wall Street Closing Bell: Expert Insights and Market Analysis

Bloomberg Television features expert insights and analysis just before and after the closing bell on Wall Street. Today's lineup includes Chuck Lieberman from Advisors Capital Management, Amanda Lewis from Cuneo Gilbert & LaDuca LLP, Jay McCanless of Wedbush Securities, Michael Zezas from Morgan Stanley, Ellen Hazen of F.L. Putnam, Chris Cain from Bloomberg Intelligence, Eric Van Nostrand of the Treasury Department, Sean Dobson of Amherst, Patrick Murphy from Togal.AI, Aisha Bowe, founder and CEO of Lingo, and former MLB player Johnny Damon.