MicroStrategy Buys More Bitcoin: What’s Going On With The Stock?
MicroStrategy Incorporated (NASDAQ:MSTR) shares are trading lower Tuesday amid a pullback in the price of Bitcoin. The company announced the completion of its previously announced offering and the purchase of additional bitcoins. What To Know: MicroStrategy announced it has completed…
Genesis agrees to $21M SEC settlement over Gemini Earn
Genesis settles $21M SEC penalty, permanent injunction for Gemini Earn violations. SEC Chair Gensler emphasizes crypto compliance with securities laws. Genesis authorized to sell $1.6B GBTC assets. Genesis Global Capital has agreed to pay a $21 million penalty and accept…
Bitcoin’s 6.1% Daily Decline May Just Be The Beginning, Warns 10x Research
Bitcoin (CRYPTO: BTC) is down 6.1% on the day, trading at $62,620, and according to a recent report by 10x Research, the crypto king’s sell-off may not be over yet. What Happened: According to 10x Research, Bitcoin’s price action this…
Bernstein Analysts See Bitcoin ‘Dip Buying Opportunity’ Ahead of the Halving
Bitcoin’s (CRYPTO: BTC) recent $10,000 retreat from all-time highs of more than $73,000 to around $63,000 represents a temporary “dip buying opportunity” ahead of the halving event in April, according to analysts at research and brokerage firm Bernstein. “We believe…
Bitcoin To $1M? ‘Insane Macro’ Will Make It Happen, Says Arthur Hayes: ‘It’s Time To Even Add More’
Arthur Hayes, co-founder of BitMEX and Chief Investment Officer at Maelstrom Fund, discussed the current macroeconomic environment and its impact on Bitcoin’s (CRYPTO: BTC) integration into the legacy financial system, forecasting its potential rise to a $1 million valuation. What…
This Bitcoin ratio is close to its 2021 ATH and why it matters?
The BTC/Gold correlation remained weak at press time. Bitcoin surpassed Gold in investors’ portfolio allocation when adjusted for volatility. Bitcoin’s [BTC] proponents have long pitched it as a global store of value, assuring investors guaranteed returns over some time, irrespective of…
Blackrock doubles down on crypto with new digital asset fund
Investment management giant BlackRock (BLK) has created a fund called the BlackRock USD Institutional Digital Liquidity Fund, according to a document filed with the U.S. Securities and Exchange Commission (SEC). The fund, incorporated in the British Virgin Islands, will be launched in…
Missing Out? Bitcoin Miner Stocks Offer Buying Opportunity Before Halving, Says JPMorgan
The crypto mining sector experienced a tumultuous first half of March despite Bitcoin itself reaching new all-time price highs, according to a JPMorgan Chase report. What Happened:The report, led by analysts Reginald L. Smith and Charles Pearce, detailed complexities of…
Bitcoin, Ethereum, Dogecoin Surge Amid Selling Pressure Over The Weekend: Analyst Says King Crypto To Reach $100K-$150K Post Halving In April
Major cryptocurrencies rose on Sunday evening with Bitcoin encountering selling pressure following its recent all-time highs. What Happened: Following a record-breaking week, Bitcoin encountered a notable increase in selling pressure, marked by a succession of declining lows and unsuccessful recovery…
‘I Am Going With Warren On This One:’ Bitcoin Is ‘Still Thin Air,’ Says Personal Finance Guru Dave Ramsey Despite Trillion-Dollar Market Cap
Dave Ramsey, the acclaimed personal finance author and radio show host, recently voiced his skepticism about Bitcoin (CRYPTO: BTC) on a broadcast of The Dave Ramsey Show. What Happened: Drawing comparisons with Warren Buffett’s stance on the cryptocurrency, Ramsey did…