Established nearly 35 years ago by Michael Saylor, MicroStrategy (NASDAQ: MSTR) spent most of its existence as a relatively obscure software company specializing in business intelligence. However, in 2023, its stock witnessed a remarkable surge of 337%, positioning it as one of the most significant gainers among U.S. companies valued at $5 billion or more. This surpassed the impressive rallies ...
Approval of spot-Bitcoin ETFs by the SEC has positively changed the cryptocurrency market, as most of the digital assets experienced gains. At the same time, some declined, which presents investors with potentially lucrative opportunities. Finbold’s cryptocurrency market analysis has identified three digital assets that stand out due to recent price fluctuations, heightened investor interest, or significant development initiatives. These choices ...
The Securities and Exchange Commission (SEC) of the United States approved 11 Bitcoin spot ETFs on January 10. The recently listed funds started trading on January 11 amid price discovery and volatility. In particular, the cryptocurrency market turned its eyes to the iShares Bitcoin Trust (NASDAQ: IBIT) by BlackRock Inc. (NYSE: BLK). This was given to the relevance of the ...
In 2016, the DAO, an Ethereum-based entity, suffered a $150 million worth code exploit later known as “the DAO hack.” The community performed a hard fork to recover the funds, causing a split into Ethereum (ETH) and Ethereum Classic (ETC). Notably, the Ethereum Classic surged from the most purist supporters, positioned against the hard fork to preserve the chain’s irreversibility. ...
After the historic approval of a spot Bitcoin exchange-traded fund (ETF) by the Securities Exchange Commission (SEC), the focus has shifted to the overall market trajectory in the upcoming days, given the bullish sentiment associated with the investment product. In this context, a cryptocurrency trading expert by the pseudonym thescalpingpro shared insights in an X (formerly Twitter) post on January ...
Recent events in the cryptocurrency market completely shifted sentiment from neutral to bullish. The SEC finally approved Bitcoin spot ETFs, igniting a bull rally for most cryptocurrencies. In this occurrence, traders closed millions of dollars worth of short positions, reducing the likelihood of short squeezes. Nevertheless, it is still possible to find small liquidity pools in the market, which can ...
XRP is back trading above the $0.60 resistance, priced as high as $0.6237 so far in the day. Following the recent Bitcoin spot ETF approval, the token continued its climb from a low of $0.50 just over a week earlier on January 3. XRP daily price chart. Source: TradingView In particular, the positive sentiment comes from a historical regulatory breakthrough ...
After years of rejections, the United States Securities Exchange Commission (SEC) finally approved a spot Bitcoin exchange-traded fund (ETF), marking the first of its kind in the country with anticipated bullish consequences for cryptocurrencies. In this context, the commission’s voting notice published on January 10 revealed insights into which commissioners supported the product. Interestingly, Chair Gary Gensler, previously accused of ...
In a Space on X titled “ARK 21Shares Bitcoin ETF (ARKB) Approved,” featuring ARK Invest CEO Cathie Wood on January 10, Elon Musk initially dismissed the idea of using Bitcoin (BTC) as a currency on Mars. He cited the considerable time it takes to settle transactions as a deterrent. He said: “It would make sense to use some cryptocurrency on ...
Amidst the strong performance of the stock and crypto market, Robert Kiyosaki, the acclaimed investor and author of the best-selling personal finance book ‘Rich Dad Poor Dad,’ has decided to share some ominous what-if scenarios for dollar and hyperinflation. More precisely, he pointed his finger at the White House, Federal Reserve, and Treasury and asked what if, instead of deflation, ...
