Last year, crypto-related products saw an impressive $44.2 billion in inflows, nearly four times the record of $10.5 billion from 2021. This surge is largely due to the launch of US spot-based exchange-traded funds (ETFs), which attracted significant global investment, particularly in Bitcoin, drawing $38 billion. Major ETFs like BlackRock’s IBIT and Fidelity’s FBTC led ...
Bitcoin’s price has seen a 7% increase recently, briefly surpassing $97,750, spurred by MicroStrategy’s significant $200 million purchase. Despite a dip in daily active users on the Bitcoin network, investor interest in crypto stocks like Coinbase and MicroStrategy has surged, with both gaining about 3%. The Market had faced volatility due to the US Federal ...
In 2024, the buzz around memecoins has surged dramatically, jumping from 8.32% to 31% of investor focus. These cryptocurrencies, often inspired by internet jokes, have captivated retail investors and transformed the landscape of digital assets. Memecoins like Dogecoin and newer entries such as PNUT and Moo Deng highlight a playful yet impactful aspect of crypto, ...
Dogecoin’s price has dropped below $0.40, falling 15% in the last week, even as Bitcoin reached new all-time highs. The trading volume for Dogecoin has significantly declined, hitting a 40-day low of $5.29 billion, a drop of $14.84 billion since December 6. This decline indicates waning interest among traders, as seen in the drop in ...
Palantir Technologies, listed on NASDAQ as PLTR, received great news as it will be added to the Nasdaq-100 index, effective December 23. This index features 100 of the largest non-financial companies on the Nasdaq Stock Market. Palantir’s stock has seen a remarkable 343% increase in 2024, significantly outperforming the S&P 500. The announcement’s timing is ...
Ethereum-based ETFs have seen a significant boost, recording $1.3 billion in inflows recently, with $83.3 million reported on December 6 alone. This marks ten consecutive days of positive inflows and the longest streak since Ethereum ETFs launched in July 2024. The rise in interest comes as Ethereum’s price surpassed $4,000, reflecting a more than 10% ...
The cryptocurrency Market is experiencing a surge in excitement following recent elections, leading Bitcoin to surpass $100,000 for the first time. As of Thursday afternoon, it was hovering around $101,000, reflecting significant daily and weekly gains. Other cryptocurrencies are also thriving, with XRP and TRON each increasing by nearly 60%. The overall Market value of ...
MicroStrategy’s stock has surged in popularity, ranking high on Reddit’s trending stocks list with over 4,275 upvotes and 542 mentions within just 24 hours. The company’s shares have skyrocketed more than 70% in the past month and an impressive 240% over the last six months, largely due to its significant investment in Bitcoin. Recently, MicroStrategy ...
Cardano (ADA) and XRP are gaining traction as they outperform Bitcoin, driven by renewed regulatory optimism and significant technological advancements. Since the U.S. presidential election, ADA has surged by 275%, fueled by expectations of a supportive regulatory environment under President-elect Donald Trump. Meanwhile, XRP has reached a seven-year high, with favorable changes anticipated in its ...
WisdomTree, a global asset manager, has submitted an application to the SEC for a spot XRP ETF, making it the fourth company in the U.S. to pursue this option. The proposed WisdomTree XRP Fund aims to give investors exposure to XRP’s price changes through shares listed on the Cboe BZX Exchange. Recently, XRP has seen ...
