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The share price of companies focused on the cryptocurrency industry shot up Monday amid a surge in digital assets and other risk-on investments. Strategy—formerly known as MicroStrategy—closed up by more than 10%, trading at $335.72 a share, Nasdaq data shows. The software company, which trades under ‘MSTR’ ticker, is the largest corporate holder of Bitcoin. On…
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Asset management firm 21Shares has deepened its European footprint by launching three new crypto exchange-traded products (ETPs) on Nasdaq Stockholm, according to a March 24 announcement. The newly introduced products are the 21Shares Bitcoin Core ETP (CBTC), the 21Shares Solana Staking ETP (ASOL), and the 21Shares XRP ETP (AXRP). With the listings on Nasdaq Stockholm,…
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Macroeconomic uncertainty is keeping Bitcoin (BTC) in a tight price range as liquidity continues to contract due to declining speculative interest and trading volumes, according to the latest “Bitfinex Alpha” report. The firm said that large investors’ interest needs to return to push Bitcoin out of its current range. It highlighted that Bitcoin briefly gained…
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Investors and analysts will likely be pouring through GameStop Corp GME filings not to read about video games, but instead to find out if the company bought Bitcoin BTC/USD, which could be revealed when the company reports quarterly financial results Tuesday after market close. Here’s a look at the earnings estimates from analysts and key…
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Standard Chartered has proposed a revised version of the “Magnificent 7” tech index—dubbed “Mag 7B”—which replaces Tesla with bitcoin. The bank’s analysis found that this “Mag 7B” hypothetical index delivers higher returns and lower volatility than the original Mag 7 index, suggesting bitcoin could enhance traditional tech-focused investment strategies. Geoffrey Kendrick, head of digital assets…
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Standard Chartered has proposed a revised version of the “Magnificent 7” tech index—dubbed “Mag 7B”—which replaces Tesla with bitcoin. The bank’s analysis found that this “Mag 7B” hypothetical index delivers higher returns and lower volatility than the original Mag 7 index, suggesting bitcoin could enhance traditional tech-focused investment strategies. Geoffrey Kendrick, head of digital assets…
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Arthur Hayes, renowned crypto analyst and founder of the BitMEX cryptocurrency exchange, has made a bold prediction regarding Bitcoin’s price trajectory. He forecasts that the leading cryptocurrency could surge to $110K before eventually targeting an ambitious $250K range. The crypto trader and analyst also suggested that Bitcoin might retest the $76.5K price level, sparking mixed…
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Tabit Insurance has announced the capitalization of its $40 million insurance facility. The fundraise, announced Monday (March 24), was provided entirely in bitcoin, which Tabit says is an industry first. “The company’s regulators and auditors can verify the funding in real time, marking a distinctive and novel approach to transparency for the insurance industry,” Tabit…
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Bitcoin (BTC) neared $90,000 at the March 24 Wall Street open as analysis warned of “conflicting signs and signals.” BTC/USD 1-hour chart. Source: Cointelegraph/TradingView BTC price daily gains near 3% in risk-asset relief Data from Cointelegraph Markets Pro and TradingView showed BTC/USD hitting $88,772 on Bitstamp — its highest levels since March 7. Bitcoin followed…
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While bitcoin (BTC) proponents commonly view the largest cryptocurrency as a digital version of gold, a new report from global bank Standard Chartered argued investors should see it more like a tech stock with some extra benefits. Led by Geoff Kendrick, the StanChart team said bitcoin’s correlation with the Nasdaq has “almost always” been stronger…