MicroStrategy's Michael Saylor Made $1.2 Billion In 3 Days Following Bitcoin Boom – Yahoo Finance
MicroStrategy is a software and AI company that wants to rebrand itself as .The world’s first Bitcoin development company“Led by Chairman Michael Saylor, they are literally putting their money on the line. Saylor and MicroStrategy have acquired 193,000 Bitcoin since 2020, making them the world’s largest holder of BTC. With significant gains, MicroStrategy has become […]
Is Bitcoin due for a major correction? JPMorgan predicts drop to $42,000 after April halving – Fortune
A new report from JPMorgan warns of an impending price correction for the world’s top cryptocurrency. CFOTO/Future Publishing/Getty Images Bitcoin price—On Thursday, it topped $63,000.Although it has reached heights not seen in two years, the upcoming coin halving event could push the price down to $42,000, according to analysts at JPMorgan. “Bitcoin production costs have […]
Bitcoin sees 3% correction as GBTC investors dump nearly $600M – Cointelegraph
Bitcoin (BTC) has fallen more than 3% from its 24-hour high as investors in the Grayscale Spot Bitcoin Exchange Traded Fund (ETF) released $598.9 million from the fund on February 29th. This is the second largest net outflow on record. According to Cointelegraph Markets Pro, Bitcoin hit a 24-hour high of $63,585 in the early […]
Bitcoin will be ‘larger than gold’ thanks to baby boomers’ trillions, Galaxy CEO Mike Novogratz says – Fortune
Galaxy CEO Mike Novogratz said trillions of dollars of baby boomer wealth will eventually be transferred to Bitcoin. Marco Bello—Getty Images Galaxy Digital CEO Mike Novogratz told Bloomberg TV in an interview Thursday afternoon that investors will soon prefer trading digital gold over real trading. Although Bitcoin’s current market capitalization is less than one-tenth that […]
Spot Bitcoin ETFs record new ATH of $680M as BTC bull run gathers pace – Cointelegraph
The U.S. Spot Bitcoin (BTC) exchange-traded fund (ETF) recorded cumulative daily inflows of $676.8 million, setting a new all-time high (ATH) for the ecosystem. As of February 28, the Spot Bitcoin ETF had attracted approximately $680 million worth of investments. Of the 10 players approved by the Securities and Exchange Commission (SEC), the daily inflows […]
Bitcoin Logs Biggest Single-Day Gain Since October, Market-Neutral Bets Yield 3x U.S. Treasury Notes – CoinDesk
Bitcoin (Bitcoin) It soared 9.5% on Wednesday, marking its biggest single-day gain since Oct. 23, according to charting platform Tradingview. The price rose to $64,000 on several exchanges, the highest since November 2021. The parabolic move from Monday’s lows near $51,500 is widely attributed to Wall Street’s acceptance of spot-based Bitcoin ETFs. The broader market […]
Bitcoin Scales $60,000 as ETF Demand Puts Record High in Sight – Yahoo Finance
(Bloomberg) — At the heart of the bull market that is pushing Bitcoin toward all-time highs is a simple economic principle: supply and demand. Most Read Articles on Bloomberg Demand for the token from U.S. exchange-traded funds (ETFs) is outpacing the amount of Bitcoin that long-term holders are willing to sell. This has ignited the […]
Crypto exchange Coinbase suffers outages amid bitcoin rally
Cryptocurrency exchange Coinbase encountered a technical problem on Wednesday as the world’s largest cryptocurrency soared to its highest value in more than two years. Coinbase support assured all users that funds on the cryptocurrency exchange are safe and that its team is investigating the incident. Post to Xthe platform formerly known as Twitter. “We are […]
Bitcoin soars above $60K as spot ETFs drive trending frenzy, lead to Coinbase crash
Bitcoin soared above $60,000 on Wednesday for the first time in more than two years, as the popularity of spot ETFs reignited trading enthusiasm for the volatile cryptocurrency and sent popular crypto exchange Coinbase crashing. Bitcoin’s price soared to nearly $64,000 in the early afternoon, close to its November 2021 all-time high of $68,789, but […]
Coinbase users’ wallets wiped to $0 after crash as Bitcoin soared
Coinbase users panicked Wednesday after discovering their digital wallets were suddenly erased. I then learned that my funds were safe and the crypto exchange platform had crashed. Coinbase CEO Brian Armstrong says users are flocking to social media due to a “huge spike in traffic” as Bitcoin soars above $60,000 for the first time in […]