Day: January 6, 2025

Once again, Bitcoin beat the S&P 500 in yearly growth. Is it time to trade the index for crypto?

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2024 saw Bitcoin growing by 111%. One of the safest indexes, the S&P 500, showed 24% growth in 2024. Is Bitcoin a more adventurous investment? There are different takes on this claim. A quick look at the annual performance of the S&P 500 and Bitcoin in the last decade The S&P 500 is a stock market index tracking 500 companies with the best performance on the U.S. stock market. These companies normally aggregate around ⅘ of the U.S. companies’ market capitalization.  Nvidia, Apple, Microsoft, Meta Platforms, Berkshire Hathaway and other…

Ramaswamy’s Strive targets Bitcoin-linked corporate bonds in new ETF plan

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Vivek Ramaswamy’s Strive Asset Management plans to target Bitcoin-linked corporate bonds with its new exchange-traded fund. Strive Asset Management, an asset and wealth manager founded by Vivek Ramaswamy, plans to launch a new exchange-traded fund that will invest in bonds issued by companies to fund Bitcoin (BTC) purchases, the Financial Times reports, citing a regulatory filing. The fund, called the Strive Bitcoin Bond ETF, has been registered with the U.S. Securities and Exchange Commission. Per the regulatory filing, the ETF will actively invest in bonds and use derivatives like swaps…

Bitcoin Forms First Daily Death Cross On Dominance Chart In 4 Years, What To Expect Next

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Este artículo también está disponible en español. Recent crypto market dynamics in the past four days have seen the return of bullish momentum into many cryptocurrencies, with the Bitcoin price leading the charge. Interestingly, this has led to the projection of looming gains in many altcoins, and technicals suggest an altcoin season might be rolling into place.  Crypto analyst Kevin (@Kev_Capital_TA) recently drew attention to a significant development of a daily death cross in Bitcoin’s dominance. This rare occurrence could mark a shift in cryptocurrency investments in the coming months…

Bitcoin Miner MARA Holdings Is Lending 7,377 BTC to Help Offset Costs

MARA Holdings (MARA), the largest bitcoin (BTC) miner by market capitalization, said it is lending 7,377 BTC to third parties to generate a return on its holdings and cover some operating costs. In a production report released Friday, MARA did not identify the borrowers nor reveal other details regarding the program, which ties up about 16% of its bitcoin. Robert Samuels, the company’s vice president of investor relations, said in a post on X that it is earning a yield of less than 10%. “There has been significant interest in…

MEXC Embarks on a New Chapter: Redefining “Your Easiest Way to Crypto”

PRESS RELEASE. Seychelles, January 6, 2025 – MEXC, a global leader in cryptocurrency trading platforms, has unveiled its brand upgrade, introducing its new global brand slogan “Your Easiest Way to Crypto”. This rebranding initiative reaffirms MEXC’s position as an industry pioneer and underscores its commitment to providing users with a seamless and accessible crypto trading […] Source CryptoX Portal

These Are His Next Buys

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Este artículo también está disponible en español. A crypto trader with a keen eye for artificial intelligence (AI) projects has reportedly amassed profits of more than $17 million from several AI-focused tokens, and on-chain data now points to a pivot toward fresh memecoins. According to an analysis shared by Lookonchain on X, the trader’s largest gains stem from early positions taken in GOAT, ai16z, Fartcoin, and ARC. Crypto Trader Turns AI Coins Into $17 Million Lookonchain reports via X, “What a smart AI coin trader! Profits exceeded $5.14M on GOAT.…

UAE’s Bitcoin mining firm Phoenix Group expands in US ahead of Nasdaq listing: report

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Abu Dhabi-listed Phoenix Group deepens its U.S. footprint with the opening of a 50 MW crypto mining site in North Dakota. Phoenix Group has opened a 50 MW crypto mining facility in North Dakota, as the Abu Dhabi-based firm doubles down on its plan to expand Bitcoin (BTC) mining operations in the U.S., per an Arabian Gulf Business Insight report. The facility will add over 2.7 exahashes to Phoenix Group’s mining arm once fully operational. Phoenix Mining chief executive Reza Nedjatian described the U.S. as a key market for the…

Solana Achieved Its Best Year Ever, and the Numbers Back It Up

Solana was one of the networks that experienced explosive growth in 2024, both in technical and economic aspects. In December, Solana registered $304 million in inflows from other blockchains, only bested by Base and Hyperliquid. On the technical front, Solana passed its first block increase, which, although symbolic, signaled the willingness to make the changes […] Source CryptoX Portal

Dogecoin (DOGE) Bulls Flex Strength: Momentum Builds for Next Move

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Dogecoin started a fresh increase above the $0.350 zone against the US Dollar. DOGE is now consolidating and might gain traction if it clears the $0.3880 resistance. DOGE price started a fresh increase above $0.350 and $0.3650. The price is trading above the $0.370 level and the 100-hourly simple moving average. There was a break above a connecting bearish trend line with resistance at $0.3825 on the hourly chart of the DOGE/USD pair (data source from Kraken). The price could gain momentum if it clears the $0.3880 and $0.3920 resistance…

XRP Price Sets Sights on New Gains: Bulls Poised for Action

Aayush Jindal, a luminary in the world of financial markets, whose expertise spans over 15 illustrious years in the realms of Forex and cryptocurrency trading. Renowned for his unparalleled proficiency in providing technical analysis, Aayush is a trusted advisor and senior market expert to investors worldwide, guiding them through the intricate landscapes of modern finance with his keen insights and astute chart analysis. From a young age, Aayush exhibited a natural aptitude for deciphering complex systems and unraveling patterns. Fueled by an insatiable curiosity for understanding market dynamics, he embarked…