Tag Archives: Bitcoin

US stocks dropped on Tuesday, pulling further away from record highs as uncertainty over interest rate cuts and a shakeup in “Magnificent 7” stocks brought a note of wariness to the market. Contracts on the tech-heavy Nasdaq Composite (^IXIC) led the declines, sinking about 1.8% as a retreat in Apple (AAPL) and Tesla (TSLA) continued to drag on stocks more widely. Apple came under pressure after a report that iPhone sales fell 24% in China, adding to Monday’s loss in the wake of a $2 billion Source link

[unable to retrieve full-text content]Stock market today: Stocks slip ahead of key inflation data, bitcoin soars past $60,000  Yahoo Finance Source link

Bitcoin (BTC-USD) surged on Wednesday to break above $60,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a frenzy last seen during a 2021 boom. The digital asset climbed as high as $63,900, touching its highest intraday point since November 2021, before dropping back to the $60,000 level amid reports that some users of the cryptocurrency exchange Coinbase (COIN) began showing a $0 balance in their accounts. Coinbase… Source link

Bitcoin (BTC) surged on Wednesday to break above $59,000, putting it within striking distance of its all-time high as enthusiasm for the world’s largest cryptocurrency reached a level last seen during a 2021 boom. The price of the digital asset is now up more than 15% on the week and 40% so far this year, due largely to excitement sparked by a series of spot bitcoin exchange-traded funds that started trading in January. Bitcoin was up more than 5% at $59,396 at last check, touching its… Source link

(Reuters) — Bitcoin hit a two-year high on Tuesday, on track for its biggest two-day rally this year, on signs large players were buying the cryptocurrency, while smaller rival ether topped $3,200 for the first time since 2022. Bitcoin has rallied more than 10% in two sessions, helped by Monday’s disclosure from crypto investor and software firm MicroStrategy that it had recently purchased about 3,000 bitcoins for an outlay of $155 million. The original and largest cryptocurrency by market… Source link

On this week’s episode of Yahoo Finance Future Focus, our host Brian McGleenon spoke to Standard Chartered Head of Crypto Research Geoff Kendrick, who shared his insights into the evolving landscape where traditional finance incumbents, such BlackRock and Franklin Templeton, are involving themselves in the cryptocurrency sphere via the recently launched spot bitcoin exchange traded funds (ETFs). A spot bitcoin ETF is a financial product that investors hope will pave the way for mainstream… Source link

Coinbase Global (COIN) posted its first quarterly profit in two years as trading surged on a new wave of optimism about digital assets, marking a potential turning point for the largest US cryptocurrency exchange. Investors cheered the news, sending the stock of Coinbase up more than 12% in after-hours trading. The stock is down 5% so far in 2024 as of Thursday’s close but has soared 180% over the last year. Coinbase earned $273 million in profits during the fourth quarter, well above analyst… Source link

With Google updating its policy regarding crypto-related ads, BlackRock and VanEck have seized the opportunity to become the first asset managers to advertise Bitcoin spot ETFs.   The competition in the Bitcoin spot exchange-traded fund (ETF) market has continued to gain momentum as top asset managers roll out different initiatives to control a large percentage of the market.  BlackRock and VanEck Advertise Bitcoin ETF on Google In light of this, leading asset managers BlackRock and… Source link

The cryptocurrency market is currently worth $1.6 trillion, and Bitcoin (CRYPTO: BTC) accounts for 50% of that total. Bitcoin dominance (i.e., the market value attributable to Bitcoin) was also 50% five years ago, though it has ranged from 38% to 70% during that time period. With that in mind, Morningstar analyst Michael Miller expects the cryptocurrency market to soar 300% to $6.4 trillion by 2032. If Bitcoin dominance stays at 50%, the implied upside for Bitcoin would also be 300%…. Source link

Eleven spot bitcoin (BTC-USD) ETFs kicked off trading Thursday after securing approvals on Wednesday. Investors flocked to the new crypto offerings, driving $4.6 billion in volumes on opening day. Delta Air Lines (DAL) topped fourth-quarter earnings estimates but trimmed its 2024 profit guidance on the back of lingering cost pressures. Though Delta grew revenue 12% last quarter as travel rebounded, margins continue to suffer on high operating expenses. UnitedHealth Group (UNH) shares slipped… Source link