Gold has outperformed after the Federal Reserve expressed a cautious stance on the pace of future interest-rate cuts, the report said. Original
Bitcoin’s Acceptance as 'Digital Gold' May Spur Demand From New Investors: Coinbase
Tag: Bitcoins
Bitcoin’s decline drives investors toward Fezoo presale
Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. The recent dip in Bitcoin’s price to $65k has shifted investor focus towards platforms like Fezoo, which promises decentralization and direct control over assets, challenging traditional centralized exchanges. The cryptocurrency market has had its ups and downs, but the recent decline in Bitcoin’s value has seen investors and traders clamor for more freedom in handling their assets. Decentralization is taking the stage and dominating discussions in crypto spaces and…
Bitcoin’s peak could be a harbinger of a stock market top next, Stifel says
A bitcoin top could signal trouble for stocks – and a shift in market leadership, according to Stifel. According to Barry Bannister, Stifel’s chief equity strategist, there’s evidence the cryptocurrency may be peaking, which could lead to a pullback in investor sentiment, weaker Big Tech stocks, and a rotation into value, he said in a note Wednesday. “Bitcoin & Nasdaq 100 reflect the speculative fever fostered by cheap money after dovish Fed pivots, such as occurred 4Q 2023,” Bannister said. “We show that if Bitcoin reflects euphoria after a dovish…
Beyond Bitcoin’s Surge, the Untapped Potential and Use Cases of Digital Assets
Instead of asking themselves, “Did I miss my chance?” potential digital asset investors should ask, “Do I believe in the transformative nature of blockchain technology?” Investing in digital assets should represent a belief in the far-reaching value proposition of blockchain technology, ranging from the variety of industries that comprise the macroeconomy to the transactions that encompass everyday markets and human experience. A thoughtful multi-asset approach to portfolio construction and ongoing management is crucial to ensuring crypto investors capture the full value proposition of blockchain innovation. Source
Bitcoin’s (BTC) Rise Thanks to Currency Devaluations: Cathie Wood
“There is something else going on around the world.” Wood said. “There are currency devaluations taking place that people are not talking about. The Nigerian naira is down 50, 60% in the last nine months. Egypt just devalued by 40%. Argentina, continuing to devalue. I think is a flight to safety taking place, a hedge against devaluation a hedge against a loss of purchasing power and wealth.” Original
Bitcoin’s Future as Currency
Bitcoin has flourished as digital gold. But, in the long-term, its biggest impact will be in denominating business and trade, says Zac Townsend, CEO of Meanwhile. Source
Tether adds 8,888 Bitcoins to its reserves, holding more than 75K Bitcoin
Stablecoin issuer Tether made headlines on March 31, as it acquitted 8,888 Bitcoin, valued at $618 million. The recent acquisition significantly boosts Tether’s reserves prior to the upcoming Bitcoin halving event. With this, the total number of Bitcoins in the stablecoin issuer’s treasury has surpassed 75,000. The Bitcoins were purchased at an average price of $30,305. Tether’s Bitcoin reserves are now valued at $5.3 billion. Its Bitcoin wallet is also up 128%, with unrealized profits amounting to over $2,94 billion. Tether has been actively strengthening its Bitcoin reserves since the…
Bitcoin’s (BTC) Volatility Overtakes Ether’s (ETH) as Halving Nears
The consensus is that halving is bullish as it halves the pace of supply expansion, creating a demand-supply imbalance in favor of a price rise, assuming the demand side remains unchanged or strengthens. Bitcoin chalked out stellar rallies, setting new record highs over 12-18 months following the previous halvings, which occurred in November 2012, July 2016, and May 2020. Source
Is This the End of Bitcoin’s 4-Year Bull/Bear Market Cycle?
As investors and enthusiasts prepare for heightened volatility, it’s evident that the market is on the brink of unprecedented growth and, potentially, a fundamental paradigm shift. While it is bittersweet, this upcoming period could be viewed as the end of cryptocurrency’s infancy, marking a significant evolution in its history. Before saying goodbye, we should all be ready to celebrate its Last Dance. Original
MicroStrategy’s capitalization reaches record highs amid Bitcoin’s $70k recovery
MicroStrategy’s market capitalization reached a new all-time high, crossing the $31.8 billion mark. According to Companies Market Cap, MicroStrategy ranks 606 among the largest companies in the world by market capitalization. Since the beginning of the year, its capitalization has almost tripled by 135.7% over the last month. Source: Companies Market Cap MicroStrategy’s (MSTR) share price has increased by approximately 200% since 2024 began, and at the time of writing, MSTR is trading near $1,880. The cost of its shares has increased from $141 to $670.71 since the start of…