Metaplanet Inc., an investment firm based in Tokyo, recently announced that it has purchased an additional 619.7 Bitcoin for around $58.9 million. This acquisition boosts their total Bitcoin holdings to 1,761.98 BTC, valued at approximately $167.1 million. The investment follows a successful bond issuance that raised about $60.6 million, which Metaplanet plans to use for ...
Shiba Inu, a cryptocurrency that gained massive popularity by skyrocketing over 45 million percent in 2021, is back on the rise after losing most of its value by mid-2022. Initially created as an alternative to Dogecoin, Shiba Inu has drawn attention for its meme-coin status, which reflects a lack of serious utility. While it has ...
Digital asset investment products experienced a significant week with total inflows of $308 million, despite substantial outflows on December 19, exceeding $1 billion over just two days. A notable factor in these movements was a $17.7 billion drop in total assets under management, largely influenced by the Federal Open Market Committee’s hawkish stance. Although Bitcoin ...
U.S. stock index futures showed little movement on Monday following the last-minute approval of a government funding bill that prevented a shutdown. Investors are closely analyzing the Federal Reserve’s new outlook on interest rate cuts for 2025, which suggests only two reductions instead of the previously expected four. This shift reflects a stronger economic outlook, ...
Shiba Inu, a cryptocurrency that gained massive popularity in 2021 with a staggering 45 billion percent increase, has been a topic of heated debate. Initially driven by hype, it lost most of its value by mid-2022. However, the token is experiencing a resurgence. Shiba Inu was created as a playful alternative to Dogecoin, but like ...
Shiba Inu (SHIB) has sparked interest as a potentially lucrative cryptocurrency, with a staggering rise of 45,278,000% in 2021, though it later lost much of its value. Now, it’s making a comeback, raising the question of its viability as a long-term investment. As a meme coin created as an alternative to Dogecoin, Shiba Inu lacks ...
Bitcoin experienced a significant 15% drop in the third week of December, its largest since August. This decline is largely linked to unfavorable global economic trends, raising concerns about further price decreases. The global money supply has diminished by $4.1 trillion over the past two months, potentially signaling more downward pressure on Bitcoin. Historically, Bitcoin’s ...
A popular analyst, known as TechDev, believes Bitcoin is about to enter a significant growth phase, or parabolic stage, in its Market cycle. TechDev, who has a substantial following on social media, shares that Bitcoin’s current technical indicators resemble those that preceded major price surges in previous cycles. He points out that Bitcoin has recently ...
Bitcoin has seen remarkable growth this year, rising 146% and reaching an all-time high of over $108,000 following the November election. However, another cryptocurrency, Sui, also stands out, climbing more than 430% year-to-date and surpassing its previous high. Launched in May 2023, Sui has recently gained attention for its speed and potential, making it a ...
Bitcoin has had an incredible year, rising 146% year-to-date and recently reaching an all-time high just over $108,000. However, a lesser-known cryptocurrency, Sui, has also made waves, climbing 430% this year and setting its own all-time high. Launched in May 2023, Sui gained attention due to a favorable research report highlighting its rapid growth and ...
