Bitcoin has recently crossed the $100,000 mark, achieving an all-time high of $103,600 before experiencing its largest pullback of 13% in the past month. Following this dip, analysts suggest that Bitcoin is likely to continue its upward trend if it holds above key support levels around $96,870. Experts believe that similar to its past performance, ...
As we approach 2025, investors face a choice between gold and Bitcoin, two prominent assets in today’s Market. Gold has long been viewed as a stable, safe option, especially during economic uncertainty, thanks to its limited supply and historical reliability. In contrast, Bitcoin presents high growth potential, driven by increased adoption and decentralized finance, but ...
Looking to discover the next big cryptocurrency? Be cautious, as many scammers lurk in the space. It’s essential to do your research before investing. Start by reading a cryptocurrency’s white paper, which explains its purpose and mechanics. Look for coins that have shown strong price growth and functionality, as high-performance projects attract more interest. Keep ...
Bitcoin has recently experienced a significant increase in inflows to centralized exchanges, raising concerns about a potential selloff. Data shows that net inflows surged from a previous outflow to a striking $326 million, with over $562 million entering these platforms in total. Notably, activity among Bitcoin ‘whales,’ or large holders, has intensified, with a sharp ...
Risk-averse investing in cryptocurrency may seem unlikely, but several U.S. fund providers are introducing ETFs aimed at easing these concerns. These funds will invest in bitcoin while using derivatives to protect against losses. With bitcoin’s value rising significantly this year, many investors who hesitated can now gain exposure without the same level of risk. The ...
A new wave of cryptocurrency exchange-traded funds (ETFs) aims to make investing in Bitcoin less risky. Four asset managers have proposed ETFs that use derivatives to protect against losses. As Bitcoin’s popularity rises, these ETFs could help nervous investors gain exposure without the usual volatility concerns. Options contracts recently introduced on existing Bitcoin ETFs allow ...
On Thanksgiving four years ago, the cryptocurrency world faced a significant downturn known as the “Thanksgiving Day Massacre.” Between November 24 and 27, 2020, Bitcoin’s price dropped from around $19,500 to $16,200, a nearly 17% fall. However, if you had invested $1,000 during this dip, buying about 0.0617 BTC, your investment would be worth approximately ...
Bitcoin currently holds a significant dominance over Ethereum, with Bitcoin’s Market dominance at over 56% compared to Ethereum’s 12.8%. Both cryptocurrencies have recently hit notable price milestones, but Bitcoin, having reached an all-time high, shows a stronger promise for future growth. Although Ethereum has potential for a rally, especially with an anticipated altcoin season that ...
Mike Zaccardi is a freelance financial writer who specializes in investments, markets, and personal finance. He crafts engaging content for various platforms, including articles, blogs, and social media, aimed at financial advisors and investment firms. With a strong focus on thematic investing and Market trends, he translates complex financial concepts into relatable narratives for everyday ...
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 ...
