Search Results for: bitcoin

Bitcoin has hit a new all-time high of $104,000, surpassing the $100,000 milestone, as strong demand and market momentum push its market cap to $2 trillion.

While Bitcoin remains a key focus, altcoins are carving out their own space in the recovery, signalling a more diverse market ahead.

Bitwise’s proposed ETF aims to simplify crypto investing by allowing people to gain exposure to both Bitcoin ($BTC) and Ethereum ($ETH) without owning the assets directly. 

Analysts suggest that Bitcoin is technically overbought and the correction helps stabilise the market. 

Bitcoin’s current rally has brought it tantalisingly close to the $100,000 mark. Earlier today, the cryptocurrency reached an intraday high of $98,312, reflecting a 6.7% gain in just 24 hours. 

MicroStrategy’s bold Bitcoin strategy has had a major impact on its own success. The company has now climbed into the top 100 publicly traded companies in the US, now ranking 97th. 

Experts believe the drop in the hashrate could mean that miners expect the current rally to slow down.

Metaplanet has been actively buying Bitcoin throughout 2024. Its holdings now stand at 1,018 $BTC, worth around $93.5 million at today’s prices. 

Goldman Sachs’ growing investments in cryptocurrency are surprising given the bank’s past stance. In 2020, Goldman Sachs dismissed Bitcoin, claiming it was “not an asset class” and “not suitable for investment.”

Bitcoin’s impressive rally has been closely tied to the rising popularity of Bitcoin ETFs. These funds allow investors to gain exposure to Bitcoin without having to buy and store the cryptocurrency directly, making it easier for people to invest in Bitcoin.