In 2024, Ether struggled initially but has recently surged, crossing $4,000 in December, although it’s still short of its peak at $4,900. It rose by 53% this year, compared to Bitcoin’s 113%, but has outperformed Bitcoin since the U.S. election, showing a 39% rise fueled by optimism regarding pro-crypto policies from president-elect Donald Trump. Institutional ...
Torrent Capital Ltd. has announced the creation of a cryptocurrency investment portfolio, including the acquisition of 2,000 Solana (SOL) tokens, which are currently being staked for yield. As cryptocurrencies continue to gain traction, with Market capitalization reaching approximately $3.6 trillion in 2024, Torrent is positioning itself to invest in leading blockchain platforms. Solana stands out ...
BlackRock’s new Bitcoin exchange-traded fund (ETF), the iShares Bitcoin Trust (IBIT), has made history by surpassing $50 billion in assets, marking the strongest launch for any ETF ever. This milestone was achieved in record time, with IBIT becoming the fastest ETF to reach significant benchmarks. The launch has not only benefited BlackRock, the world’s largest ...
Bitcoin is having a fantastic year in 2024, skyrocketing by 130% and recently surpassing $100,000. This rally stands out due to the launch of spot Bitcoin ETFs, which have attracted significant investor interest and have accumulated $53 billion in assets. The recent surge in ETF inflows indicates strong demand, likely providing stability to Bitcoin’s price. ...
Cathie Wood, CEO of Ark Invest, believes Bitcoin could reach a staggering $3.8 million by 2030. If her projections hold, a $100 investment in Bitcoin today could turn into significant returns, ranging from approximately $266 in a bear case to nearly $3,914 in a bullish scenario. As Bitcoin recently crossed the $100,000 mark, Wood’s long-term ...
Bitcoin, the leading cryptocurrency, has long been a topic of debate, often criticized for its volatility and association with illegal activities. Despite this, it recently crossed the $100,000 mark, bolstered by support from advocates like Michael Saylor and even Federal Reserve Chair Jerome Powell, who likened it to digital gold. While Bitcoin faces challenges, such ...
Recently, 38 out of the top 50 cryptocurrencies have outperformed Bitcoin over the past 90 days, leading to a peak in the altcoin season index, which hasn’t been this high since January. This surge has created optimism in the Market, with many speculating that altcoin prices could rise significantly in the coming months. Analysts have ...
In a remarkable move, over 55,000 BTC, worth around $5.34 billion, were withdrawn from exchanges in just 72 hours, indicating strong demand and accumulation among investors. Currently, Bitcoin’s Fear & Greed Index shows “extreme greed,” a sign that may foreshadow Market corrections based on historical trends. With Bitcoin surpassing $99,000, exchange reserves are at their ...
Bitcoin recently faced a slight decline from its record high of $99,800, dropping to $90,700. However, the Market remains optimistic as Bitcoin shows signs of recovery. Institutional interest is strong, exemplified by MARA Holdings, a major mining company that purchased 6,474 Bitcoins for $615 million, signaling confidence in Bitcoin’s future growth. Currently priced around $95,000, ...
