Tag: Investment
RNDR Leads CoinDesk 20 Performance Update with 12% Gain
RNDR, a cryptocurrency, has taken the lead in the CoinDesk 20 Performance Update with an impressive gain of 12%. This news comes as a positive development for investors and enthusiasts in the cryptocurrency industry.CoinDesk,...
Institutional Adoption of Bitcoin and Crypto Stocks: A Ripe Opportunity
Bitcoin and other cryptocurrencies are becoming more appealing to institutional investors, according to a recent report by brokerage firm Bernstein. The report suggests that there is still significant potential for institutional adoption of Bitcoin...
Bitcoin Price Analysis: First Mover Americas Sees BTC Drop Below $65K
Bitcoin's price struggled to maintain its position above $65,000, dropping below $64,000 during trading hours in America. It briefly climbed back to $65,000 but then slipped towards the $64,500 mark, marking a 1% decrease...
Metaplanet Purchases 42,466 BTC: A Game-Changing Move – CoinJournal
Metaplanet, a Japanese firm, has made a significant move in the cryptocurrency space by purchasing 42,466 BTC, equivalent to $2.5 million. This purchase has increased Metaplanet's total Bitcoin holdings to an impressive 203,734 BTC,...
Unpacking the $7 Billion Drop in Bitcoin’s Open Interest
Bitcoin's open interest has recently taken a hit, dropping by $7 billion in just one month. This decline in notional open interest has coincided with a 14% decrease in the price of Bitcoin in...
Bitcoin’s Potential as Global Reserve Currency Amid Inflationary Pressure
US billionaire Mark Cuban believes that Bitcoin has the potential to become a global reserve currency amidst inflationary pressure and geopolitical uncertainty. Cuban, who supports Joe Biden for re-election, stated that factors such as...
Bitcoin’s Profitability: 97.9% Success Rate on 4,954 Days
Bitcoin has been proving its profitability over and over again since its inception, with a success rate of 97.9% on 4,954 trading days. This statistic, based on Glassnode data, showcases the consistent upward trend...
German Government Sells Majority of Bitcoin Holdings, Retains $890M
In recent weeks, the German government has been actively selling off a significant amount of Bitcoin (BTC), leading to increased selling pressure on the cryptocurrency market. This move has caused Bitcoin to drop by...
Core Scientific’s Stock Jumps 18% with $2 Billion CoreWeave Deal
Core Scientific, a Bitcoin mining company, recently announced a significant deal with CoreWeave that will see an expansion of its high-performance computing (HPC) infrastructure. This agreement will allow CoreWeave to finance modifications to Core...
Bitcoin Critic Debunks ‘Institutional Demand’ Myth Amid Price Slump
Bitcoin Critic Questions Institutional Demand Amid Price DeclineRenowned Bitcoin critic Peter Schiff has raised doubts about the purported increase in institutional interest in Bitcoin, the leading cryptocurrency. Schiff's skepticism comes in the wake of...
