Tag Archives: Coin

(Bloomberg) — Investors dumped a record amount of cash into BlackRock’s Bitcoin ETF while the cryptocurrency surged to an all-time high. Most Read from Bloomberg The iShares Bitcoin ETF (ticker IBIT) pulled $788.3 million Tuesday, its 37th consecutive inflow. The fund has now swelled to $11.5 billion in assets. Bitcoin briefly topped $69,000 on Tuesday, surpassing the all-time high it hit in late 2021. Demand from the ETFs and a optimism surrounding an upcoming reduction in the token’s… Source link

JPMorgan’s North American equity team is lowering its price target for shares of Coinbase Global from $78 to $60 for December. The publicly listed crypto exchange draws the majority of its revenue from U.S. crypto trading levels, meaning its third and fourth quarter earnings hinge on crypto trading interest. “We think pressure on Coinbase revenue from falling cryptocurrency markets will pressure the stock price,” JPMorgan analysts wrote. Shares of Coinbase Global (COIN) sold down from… Source link

Add another prominent voice in the field of economics warning about a looming recession. “I would say that it’s probably closer to a coin toss that the economy will be moving into recession by the end of the year,” said Dreyfus and Mellon Chief economist and macro strategist Vince Reinhart on Yahoo Finance Live. Reinhart’s comments come amid multiple negative forces playing out in the economy. The Consumer Price Index (CPI) rose by 7.9% in February, marking the fastest pace of annual inflation… Source link

Shiba Inu dog. AP Photo/Shizuo Kambayashi A 35-year-old former supermarket warehouse manager who made an $8,000 bet on shiba inu at the start of the year is now enjoying his retirement thanks to the meme coin’s stunning rally. Rob, who is from northern England, told Fortune he dabbled in cryptocurrencies to supplement his $68,000 yearly salary so he could create a better life for his partner and their son. Unexpectedly, he came across shiba inu, which was founded in August 2020. And upon… Source link

As investor interest in cryptocurrency spikes, bitcoin could rise to $1 million over the next five years, one expert told Yahoo Finance Live. “Bitcoin is going to $1 million a coin,” CoinDesk Learn Editor Ollie Leech said. “I actually believe that it will, at some stage, with just the scarcity aspect alone, it makes it an incredibly exciting asset to hold… Bitcoin is uncontested.” The timing of bitcoin crossing $1 million is the big question. Leech says the next bitcoin halving — a… Source link

It appears that Shark Tank investor Kevin O’Leary no longer thinks bitcoin (BTC-USD) is “garbage.” The chairman of O’Shares ETF told Yahoo Finance Live that he’s allocated 3% of his portfolio to the world’s largest cryptocurrency after his native Canada, and a handful of other countries, eased restrictions on institutional buying of the asset. O’Leary said he now views bitcoin as digital gold and a hedge against inflation that will appreciate over time, but he warns “there’s… Source link

Even for Silicon Valley, Surojit Chatterjee’s rise to extraordinary wealth was lightning fast. The chief product officer has been with Coinbase Global Inc., the biggest U.S. crypto exchange, for just 15 months. Based on the $340 a share indicated opening price for Coinbase’s direct listing on Wednesday, the former Google executive’s stake is worth about $188 million, according to data compiled by Bloomberg. He’s also set to receive share options within the next five years that are… Source link

TipRanks 3 Monster Growth Stocks to Beat the Volatility Volatility is back on the menu. Last week brought January’s trading to a close in what amounted to the stock market’s worst month since October. The GameStop saga hogged the headlines as the retail buying frenzy for names with high short interest raised the possibility the market might be exhibiting bubble behavior. Add into the mix the slow rollout of Covid-19 vaccines and the fear of a delayed return to normalcy, and once again,… Source link