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 ...
Bitcoin has fallen to its lowest point since November, trading at $92,500 after reaching record highs following Donald Trump’s election win. The cryptocurrency had briefly surpassed $100,000 and peaked at over $108,000, leading to a boost in related stocks. With Trump set to take office, he’s expected to nominate Paul Atkins, known for his pro-crypto ...
MicroStrategy is making headlines for its unique approach of investing heavily in bitcoin, amassing over 2% of the total supply. Despite bitcoin’s high price, MicroStrategy’s stock has surprisingly declined over the past few months. Recently, the company accelerated its aggressive stock offerings and plans to raise $2 billion to purchase more bitcoin, raising questions about ...
CleanSpark Inc., a leading Bitcoin miner in the U.S., achieved remarkable growth in December 2024, mining 668 bitcoins and totaling 7,024 bitcoins for the year. The company reported a 287.9% increase in hashrate and a 33.3% boost in efficiency. CEO Zach Bradford highlighted their progress, reaching a hashrate of 39.1 EH/s and enhancing operational efficiency. ...
As the new year begins, Bitcoin remains stable at around $93,000, reflecting a 13% drop from its record high. The cryptocurrency had a remarkable 2024, gaining 111% and reaching a peak of $108,000, boosting its Market value to over $2.1 trillion. The crypto Market is optimistic for 2025, especially with pro-crypto figures within Donald Trump’s ...
MicroStrategy has faced a challenging month, with its stock dropping nearly 50% since it peaked after joining the Nasdaq 100 in November. Despite this decline, the Virginia-based company’s stock still showcases an impressive 342% gain for 2024, outperforming several major tech stocks. The volatile landscape, influenced by global conflicts, economic shifts, and advancements in AI, ...
In 2024, cryptocurrency investors are experiencing significant growth, with the total Market value skyrocketing to $3.5 trillion. Leading cryptocurrencies like Bitcoin and XRP are driving this surge, with XRP notably rising 250% this year following a resolution of its regulatory issues. As falling interest rates boost demand for growth assets, many hope the new Trump ...
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 ...
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 ...
