Bitcoin Anticipated to Hit $70,000 Following 2024 Halving Event
New York, NY, Feb. 27, 2024 (GLOBE NEWSWIRE) — Bitcoin has surged tremendously during the first two months of 2024, especially since receiving ETF approval this January. It looks like the endorsement will only enhance Bitcoin’s recognition in the financial…
Tesla’s Bitcoin Blunder: Here’s How Much EV Giant Could Have Made If It Listened To Michael Saylor’s ‘One Rocket Scientist To Another’ Pitch
Electric vehicle giant Tesla Inc (NASDAQ:TSLA) was one of the largest companies to add Bitcoin (CRYPTO: BTC) to its balance sheet with a $1.5 billion addition disclosed in February 2021. While Tesla profited from selling portions of its Bitcoin holdings…
A Rumor Helps Bitcoin Break Out, New Data Shows Weakening Business Spending
To gain an edge, this is what you need to know today. Bitcoin Breaks OutPlease click here for an enlarged version of the chart of Bitcoin Futures. Note the following: The chart shows bitcoin (CRYPTO: BTC) broke out.RSI on the…
Cathie Wood’s Ark Invest Offloads $6.9M Worth of Coinbase, Robinhood Shares Each Amid Searing Bitcoin Rally — Nvidia Stock Also Shed
On Monday, Cathie Wood-led Ark Invest adjusted its portfolio, notably selling shares of cryptocurrency-related companies such as Robinhood Markets Inc (NASDAQ:HOOD) and Coinbase Global Inc (NASDAQ:COIN), amidst a significant rally in Bitcoin (CRYPTO: BTC) which soared past the $56,000 mark….
Possible ETF approval isn’t the only reason Ethereum outperforms Bitcoin: Bernstein | CoinDesk JAPAN
Ethereum has outperformed rival Bitcoin since the beginning of the year. Bernstein believes five ingredients are contributing to Ethereum’s recent rally. Increased activity in decentralized finance is a tailwind for the Ethereum network. Ethereum (ETH) has risen 33% since the…
Experts discuss the possibility that Bitcoin ETF assets will overtake gold ETFs
Is there a possibility that Bitcoin ETF will lose money? Bloomberg analyst Eric Balciunas said on the 26th that there is a “good chance†that the assets under management of Bitcoin (BTC) ETFs will exceed those of gold ETFs within…
Bitcoin soars to two-year high, on its way to breaking a record
The world’s largest cryptocurrency by market cap is rallying due to big investors’ growing appetite. Bitcoin’s price rose 10% in two days and was trading at more than $56,000 (€51,606), the highest since November 2021. The CoinDesk Bitcoin Price Index…
Bitcoin short loses $150 million — could be a sign of a “tremendous rally†| CoinDesk JAPAN
Bitcoin’s price rise has shaken up leveraged bearish bets. Analysts say Bitcoin is poised to enter a new bull market and rise ahead of the impending halving of mining rewards. Leveraged short bets on Bitcoin (BTC) lost more than $150…
Many People Believe That There’s Research Showing That Market Timing Doesn’t Work
Many people believe that there’s research showing that market timing doesn’t work. There isn’t. It’s a myth. There’s research showing … Read more
US barrels toward another government shutdown showdown: 4 essential reads
President Biden and Vice President Harris met on Feb. 27, 2024, with congressional leaders to avert a shutdown. AP Photo/Evan Vucci President Joe Biden summoned congressional leaders to the White House on Feb. 27, 2024, in a bid to avoid…