A prominent crypto analyst suggests that a key factor may drive the next big bull run for Bitcoin (BTC) and other digital assets. Jason Pizzino, a widely-followed crypto strategist, believes that shifts in the U.S. Dollar Index (DXY) could significantly influence Bitcoin upside potential and broader crypto market movements. In a recent video update to…
In recent years, Bitcoin has experienced significant fluctuations, often moving in tandem with risk-on assets like stocks and commodities. However, a new perspective is emerging, particularly from financial experts at BlackRock Inc. (NYSE:BLK), who now see Bitcoin as more of a “risk-off” asset. As global economic conditions fluctuate, Bitcoin’s ability to provide a safe haven…
As Bitcoin enters the final quarter of 2024, traders are becoming increasingly optimistic about the cryptocurrency’s future, despite a historically challenging September. Although Bitcoin has experienced a tough month—down 4.3% so far—many market watchers believe that several factors, including anticipated Federal Reserve rate cuts and the U.S. presidential election, could help Bitcoin pull out of…
The rise of cryptocurrency has produced an increasing number of millionaires, with Bitcoin (BTC) and Ethereum (ETH) leading the way. According to the Crypto Wealth Report 2024 from Henley & Partners, there are now 172,300 crypto millionaires globally—a 95% increase from the previous year. These individuals hold key cryptocurrencies, particularly Bitcoin and Ethereum, which have…
Nvidia Corp. (NASDAQ:NVDA), the leading manufacturer of artificial intelligence chips, has experienced a significant market shake-up in recent weeks. The Nvidia stock volatility has surged, wiping out more than $400 billion in market value, causing ripples across equity benchmarks and sparking investor concerns about the health of the broader U.S. economy. Once hailed as a…
MicroStrategy Inc. (NASDAQ:MSTR) is positioning itself as a unique investment vehicle for public company investors seeking exposure to Bitcoin. The company’s strategy, which combines a robust software business with significant Bitcoin holdings, has earned it an “Overweight” rating from Barclays analyst Ramsey El-Assal. According to El-Assal, the MicroStrategy Bitcoin exposure is a standout feature that…
The cryptocurrency market has been rocked by significant fluctuations, with Bitcoin ETF losses continuing to accumulate. On September 3, spot Bitcoin exchange-traded funds experienced their fifth consecutive day of outflows, totaling $287.8 million in negative flows. As the market grapples with sharp declines, Bitcoin ETFs now hold a total net asset value of $52.7 billion,…
Bitcoin ATM scams have surged dramatically in recent years, with Americans losing over $10 million per month to these fraudulent schemes in 2023 alone. According to a report from the Federal Trade Commission, fraud involving Bitcoin ATMs has increased tenfold between 2020 and 2023, costing U.S. residents $65 million in just the first half of…
Institutional giants BlackRock (NYSE:BLK) and Fidelity are doubling down on Bitcoin, sparking a heated discussion on Bitcoin investment safety. As these financial powerhouses enter the cryptocurrency space, concerns about the volatility of Bitcoin and its future role in the global financial system continue to grow. Rob Nelson, anchor of the Roundtable, recently hosted a conversation…
Wrapped Bitcoin, a popular tokenized version of Bitcoin on the Ethereum blockchain, has recently come under fire from various quarters of the crypto community. Critics have raised concerns about BitGo’s partnership with BiT Global, a Hong Kong-based crypto custodian partially owned by Tron’s Justin Sun. However, BitGo’s CEO, Mike Belshe, has pushed back against this…