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, ...
On November 28, 2012, Bitcoin experienced its first halving, reducing the mining reward from 50 BTC to 25 BTC. This pivotal event, celebrated on its 12th anniversary, marked a significant milestone in Bitcoin’s history. The halving, designed by creator Satoshi Nakamoto, occurs approximately every four years and will continue until the total supply reaches 21 ...
The cryptocurrency Market is experiencing a remarkable rebound this year, rising to a new record high of $3.5 trillion. After a challenging 2022, marked by significant losses and the collapse of major platforms like FTX, cryptocurrencies like Bitcoin, Dogecoin, and Shiba Inu have shown strong gains in 2024. Bitcoin, the largest cryptocurrency, boasts a year-to-date ...
Bloomberg Television is set to deliver the latest news and analysis as we approach the Wall Street closing bell. Today's lineup features insights from industry experts including Veronica Clark from Citi, Joyce Chang from JPMorgan, and Alicia Reese from Wedbush. Joining them are Abigail Doolittle from Bloomberg News, William Gould from Charles A. Beardsley Professor, Andrew Ng from LandingAI, and Dan Ives from Wedbush. The discussion will also include Eli Yokley from Morning Consult, Poppy Macdonald from USAFacts, Mark Baldassare from the Public Policy Institute of California, Sheila Lirio Marcelo from Ohai.AI, and Mariam Naficy from Arcade. Stay tuned for their perspectives on the market as it wraps up for the day.
Leverage levels are becoming crucial in attracting investors. As firms seek to enhance returns, they are using higher leverage to boost their appeal in competitive markets. This shift signals a growing trend where investors are more drawn to opportunities with strategic leverage, highlighting its importance in today's investment landscape.
Visa Inc., the world's largest payment network, reported a strong fiscal fourth-quarter profit that surpassed Wall Street expectations. The rise in cross-border transactions drove this growth, highlighting a robust recovery in global spending.
Advanced Micro Devices Inc. saw a drop in late trading after its revenue forecast fell short of analysts' expectations. This indicates that the company's sales in artificial intelligence are expanding more slowly than anticipated.
Bitcoin surged past $71,000 for the first time since June, driven by strong inflows into dedicated exchange-traded funds. This rally coincides with growing speculation surrounding the upcoming US election and its possible impacts on the cryptocurrency market.
Hello and welcome to the Odd Lots newsletter! Each day, we bring you a mix of insights on markets, finance, and the economy. Sometimes you’ll hear from us, Joe Weisenthal and Tracy Alloway, sharing our thoughts. Other times, we feature expert contributions from our network. We guarantee that everything you read will be interesting.
Chinese stocks managed by passive funds have now surpassed those managed by active funds, marking a significant milestone in the country's investment landscape. This shift highlights China's rapid progress in aligning with the global trend toward passive investing.
