Analysis: Bitcoin Surges After Trump’s Election Victory, Temporary Lull in ‘Trump Trades’ Expected Bitcoin Emerges as the Biggest Beneficiary of Trump’s Election Victory In the wake of Donald Trump’s election win, Bitcoin (BTC) has been one of the top-performing assets, according to Park Sang-hyun, a researcher at South Korea’s iM Securities. In a recent report
MicroStrategy Stock Falls 16.2% Despite Bitcoin’s Continued Rally MicroStrategy Shares Plunge Amid Bitcoin Gains MicroStrategy (NASDAQ: MSTR) experienced a sharp drop in stock price, closing 16.2% lower on November 22, 2024. At one point during the day, the stock had declined over 20%, marking a significant pullback despite Bitcoin’s continued upward momentum. While MicroStrategy’s shares
Binance Maintains 40% Market Dominance in Bitcoin Spot Trading Since 2020 Binance: The Titan of Bitcoin Spot Markets Since summer 2020, Binance has consistently held at least 40% market share in Bitcoin spot trading, establishing itself as a dominant force in the cryptocurrency industry. This statistic, highlighted by Unfolded on X (formerly Twitter), underscores Binance’s
MicroStrategy Successfully Closes $3 Billion Convertible Notes Offering MicroStrategy Secures $3 Billion Through Convertible Notes MicroStrategy (NASDAQ: MSTR) has successfully completed a $3 billion convertible notes offering, according to a post by founder Michael Saylor on X (formerly Twitter). The offering underscores strong investor confidence in the company’s strategy, particularly its focus on Bitcoin as
Bitcoin ( BTC-USD ) is within a whisker of touching the $100,000 threshold, in a development that has shocked Wall Street's old guard, but has not surprised the most dedicated HODLers. It's an investing moment to appreciate, no matter what side one takes in the crypto debate, and will surely be one of the topics discussed around tables this Thanksgiving. In overnight trading, BTC-USD advanced another 4% to reach a high of $99,512. Crypto catalysts: It's not only Bitcoin ( BTC-USD ). The crypto market as a whole has grown from about $2.5T to a $3.5T capitalization since Donald Trump's election win on Nov. 5. Trump has committed to fostering a favorable crypto environment and vowed to eliminate "tough" laws that stifle the industry, while promising to fight CBDCs and create a Bitcoin Strategic Reserve. In yet another win for crypto bulls, SEC Chairman Gary Gensler just announced his coming resignation , building on the ouster of Ohio Senator Sherrod Brown, who was no friend of the sector as Chair of the Senate Banking Committee. That's not all. Crypto backer and Cantor Fitzgerald CEO Howard Lutnick has been nominated as Commerce Secretary, while reports suggest that Trump Media ( DJT ) is in talks to buy crypto trading platform Bakkt ( BKKT ). There has also been heavy buying from major Bitcoin holder MicroStrategy ( MSTR ), as well as the debut of options on Bitcoin exchange-traded funds like the iShares Bitcoin Trust ETF ( NASDAQ: IBIT ). It has all helped more institutional and retail investors come aboard the crypto ship, pushing up prices via direct buying and a broader range of ETFs. Crypto First: How much does politics play into crypto markets? Whether and how movement is correlated is always open to debate, with many investors (and voters) touting market performance under different administrations. Some may be surprised that Bitcoin ( BTC-USD ) is up a whopping 395% from the time Biden got elected in 2020 until the vote in 2024, which would mean Bitcoin ( BTC-USD ) would need to hit $345,000 under Trump (Round 2) to match that record. It may also come as a surprise how much Bitcoin ( BTC-USD ) advanced during Trump's first term, when he called it a scam and was far from being a crypto advocate (Bitcoin would need to reach $1,400,000 to match that level). More on crypto MicroStrategy sinks after Citron Research shorts 'overheated' stock SA Sentiment: Should the U.S. create a Strategic Bitcoin Reserve? A closer look at financial conditions and Bitcoin movement Weekly ETF Flows: SPY records inflows, bitcoin funds see large influx of capital More Seeking Alpha subscribers are open to investing in crypto Galaxy CEO: There will be a correction in Bitcoin, but $100k is ‘inevitable’
A US federal court in Texas has vacated the Securities and Exchange Commission’s (SEC) controversial “dealer” rule in a massive win for the crypto industry. The ruling highlights the courts’ growing resistance to unchecked regulatory authority. This comes as Gary Gensler announced that he will be stepping down on January 20, 2025. His resignation will
The post Bitcoin Price Prediction 2024, 2025 – 2030: BTC Price To Rally To $100k This Week? appeared first on Coinpedia Fintech News Story Highlights The live price of the Bitcoin token is Bitcoin’s price may reach $100k if the bullish sentiment is sustained. BTC price is expected to make a meteoric rise toward $347,782 by 2030. The cryptocurrency market has achieved a new milestone by achieving the $3.3 Trillion mark as Donald Trump endorses Bitcoin. Successively, this …
Nasdaq-listed fitness equipment manufacturer giant Interactive Strength has confirmed its purchase of Bitcoin (BTC). Continue Reading: Giant Company Announces It Will Buy Bitcoin (BTC), Its Shares Soared!
The post Robert Kiyosaki, Author of ‘Rich Dad Poor Dad’ Predicts Bitcoin Will Hit $100k appeared first on Coinpedia Fintech News Robert Kiyosaki, the author behind Rich Dad Poor Dad, is once again backing Bitcoin, predicting it will soon soar beyond the $100,000 mark. In a recent post, Kiyosaki told his followers to “hang on tight” as Bitcoin hits new highs. Bitcoin is already close to breaking that massive barrier, recently touching an all-time high of …
The current bull market for Bitcoin (BTC) is believed to be in its early stages. Ki Young Ju, founder and CEO of the crypto analysis platform CryptoQuant, shared this perspective through his social media account. Continue Reading: CryptoQuant CEO Predicts Bitcoin’s Price Rise in Current Bull Market The post CryptoQuant CEO Predicts Bitcoin’s Price Rise in Current Bull Market appeared first on COINTURK NEWS .