As gold hits record high, Bitcoin shows even more strength in latest rally, impressing Bloomberg commodity analyst.
Much Wow: DOGE Surges on Cybertruck Payment Rumours
Dogecoin (DOGE) leads as the top gainer among the top ten cryptocurrencies, outshining Bitcoin and Ethereum with a 6% daily and 15% weekly increase. Speculation abounds in the crypto community that Dogecoin might be used for Tesla Cybertruck payments. Several reasons could be responsible for the surge, coinciding with DOGE’s tenth birthday. DOGE Biggest Gainer […]
Crypto Market Outlook : Bitcoin Hits New Heights, Start Of Bull Run Or Fake Rally?
The post Crypto Market Outlook : Bitcoin Hits New Heights, Start Of Bull Run Or Fake Rally? appeared first on Coinpedia Fintech News The recent surge in Bitcoin’s price, reaching a 19-month high above $42,000 on Monday, has caught the attention of investors and analysts alike. This remarkable rise, characterized by what experts are calling […]
Digital Asset Inflows Reach $1.76 Billion, Marking 10 Weeks of Growth: CoinShares
In the past week, investments in digital asset products surged by $176 million, marking the 10th consecutive week of continuous inflows. The total inflow over this period reached $1.76 billion, constituting 4% of the assets under management (AuM). This streak of inflows is the largest since October 2021, when the US witnessed the launch of […]
Tether’s Bitcoin Holdings Reach New Highs, Generating Over $1 Billion in Profit
The post Tether’s Bitcoin Holdings Reach New Highs, Generating Over $1 Billion in Profit appeared first on Coinpedia Fintech News Tether’s total BTC holdings are 57,576 BTC, worth $2.4 billion. The average purchase price of Tether’s BTC holdings is $22,480. Tether has acquired 4,083 BTC since May 2023, using 15% of its net profits. Tether, […]
Cardano (ADA) Price Analysis: Signs Suggest Rally To $0.50
ADA price is gaining pace above the $0.3880 zone against the US Dollar. The price is now trading above $0.3920 and the 55 simple moving average (4 hours). There is a major bullish trend line forming with support near $0.3885 on the 4-hour chart (data feed via Coinbase). The price could continue to rise if […]
MicroStrategy’s Bitcoin Invesment Leads to $2 Billion Profit
The post MicroStrategy’s Bitcoin Invesment Leads to $2 Billion Profit appeared first on Coinpedia Fintech News MicroStrategy, a major Bitcoin player, didn’t just hit the jackpot with their crypto investments – they practically struck gold. Their $593 million Bitcoin purchase last month not only boosted their stocks by 8.2% but also sent ripples through the […]
Robinhood crypto trading rises 75% in Nov, CEO tips ‘9 figures’ in revenue
Crypto-friendly trading platform Robinhood has reported a 75% month-on-month increase in digital asset trading volume in November. In an 8-K filing to the Securities and Exchange Commission on Dec. 4, Robinhood noted that “November Crypto Notional Trading Volumes were roughly 75% above October 2023 levels.” The activity however equity trading volumes and options contracts traded […]
CEO Predicts Bitcoin to Reach USD $100K Milestone Pre-Halving
Bitcoin has risen 142% over the past 12 months. Blockstream CEO Adam Back believes Bitcoin could reach USD $100K before the next halving event. Back also believes Bitcoin could eventually be worth USD $750K-1M. The vaunted USD $100K (AUD $151K) mark has been a long-standing battle cry for Bitcoin maximalists. Years ago it seemed to […]
Riot Platforms buys $291M in BTC rigs as miners rakes in from Ordinals
It adds to a prior agreement in which Riot bought 33,280 miners from MicroBT. The term sheet was also updated, allowing Riot to buy another 265,000 miners in the future.