Bitcoin continues its recovery, trading above $98,000 after gaining 1% recently. A report from Bitfinex shows that investors are now viewing Bitcoin more as a risk-on asset instead of just a store of value, highlighting its strong correlation with the S&P 500 while losing ground against gold. With significant volatility expected due to the upcoming ...
Amid growing acceptance of cryptocurrencies in mainstream finance, their value has surged, with 401k plans now offering crypto investment options to employees. Meanwhile, GameStop’s stock rose nearly 10% after speculation about the retailer’s potential interest in bitcoin, following a social media post by CEO Ryan Cohen alongside a prominent bitcoin investor. In other news, President ...
MicroStrategy, now rebranded as Strategy, has made headlines with its new focus on cryptocurrency, emphasizing its position as the world’s largest Bitcoin Treasury Company. The company unveiled a Bitcoin-themed logo while announcing plans to raise $42 billion to support ongoing crypto investments. Despite a 2% decline in stock price following the announcement, shares have increased ...
Bitcoin has recently surpassed $100,000, raising the question of how much higher it can go. With a 30,000% increase over the past decade and a Market value of $2 trillion, some experts believe Bitcoin’s potential is far from exhausted. Larry Fink, CEO of BlackRock, suggests it could reach $700,000, driven by greater institutional adoption. Currently, ...
As the rise of artificial intelligence agents gathers momentum in 2025, several top companies are looking to capitalize on this emerging Market. Wall Street analysts are optimistic about stocks like Oracle, ServiceNow, Salesforce, Alibaba, Microsoft, and notably Nvidia, which stands out with an impressive price target suggesting a 39% upside potential. While Oracle and ServiceNow ...
Bitcoin, the leading cryptocurrency, is on track to set new record highs, potentially surpassing 70 days this year—over three times more than last year. Following a pattern similar to its performance in 2017, it recently peaked at $109,000 on January 20, coinciding with President Donald Trump’s inauguration. In 2024, Bitcoin reached new milestones 23 times, ...
Calamos Investments is launching an innovative suite of Bitcoin ETFs designed to provide downside protection and growth potential for investors. On January 22, 2025, the world’s first fully protected Bitcoin ETF, CBOJ, will debut, offering 100% downside protection. This will be followed by two new ETFs, CBXJ and CBTJ, launching on February 4, 2025, with ...
El Salvador has recently increased its Bitcoin reserves by purchasing 12 bitcoins through two transactions this week. The country bought 11 bitcoins on January 19 and an additional one on January 20, bringing its total holdings to approximately 6,044 bitcoins, valued at over $617 million. This purchase reflects El Salvador’s ongoing commitment to Bitcoin, a ...
Donald Trump has launched his own cryptocurrency, $TRUMP, causing a significant stir in the Market. The meme coin quickly gained popularity, reaching nearly $6 billion in Market capitalization within hours of its release. Announced on Trump’s Truth Social and X platforms, the coin is described as a digital token rooted in internet trends and personalities, ...
Cliff Asness, co-founder of AQR Capital Management, recently expressed his belief that bitcoin is experiencing a speculative bubble, especially after its rapid increase past $100,000 following the November elections. On CNBC’s “Money Movers,” Asness emphasized that to change his view on bitcoin, he needs to see practical use cases beyond speculation and crime. He identified ...
