Bitcoin BTC/USD experienced a sharp decline on Monday, plummetting below the psychological barrier of $60,000, its lowest point since May. What Happened: According to market data, Bitcoin’s price hit a troubling low of $59,809 per coin at 1:30 p.m. EDT on June 24, representing a substantial 6% drop against the U.S. dollar. Over the past
SkyBridge Capital CEO Anthony Scaramucci has predicted a significant surge in the value of Bitcoin BTC/USD. He anticipates Bitcoin to skyrocket nearly 300% and Ethereum ETH/USD to surge about 240% from their current values. What Happened: During an interview with Unchained last week, Scaramucci projected that Bitcoin could reach a value between $170,000 to $250,000
Standard Chartered Plc is reportedly establishing a trading desk for Bitcoin BTC/USD and Ethereum ETH/USD, according to sources familiar with the matter. What Happened: This move positions Standard Chartered as one of the first global banks to enter the spot cryptocurrency trading arena. The new crypto desk, which will operate from London as part of
Canadian musician Drake is on the brink of a significant financial loss as his bets on the NHL and NBA finals could cost him $1 million worth of Bitcoin BTC/USD. What Happened: Drake placed two separate $500,000 bets on the Edmonton Oilers and the Dallas Mavericks to win their respective Stanley Cup and NBA finals.
Crypto-linked stocks including Coinbase Global Inc COIN and MicroStrategy Inc MSTR are trading higher Wednesday amid strength in Bitcoin BTC/USD following softer-than-expected CPI data for May. What To Know: Bitcoin is up more than 4% over a 24-hour period, driving strength in the broader crypto space and crypto-related stocks. The pop in crypto prices came
Leading cryptocurrencies traded mostly flat on Monday, as efforts by bulls for an upside breakout stalled yet again. Cryptocurrency Gains +/- Price (Recorded 8:30 p.m. EDT) Bitcoin (CRYPTO: BTC) -0.02% $69,473.14 Ethereum (CRYPTO: ETH) -0.79% $3,666.35 Dogecoin (CRYPTO: DOGE) -0.75% $0.1449 What Happened: Bitcoin hit $70,000 during trading hours but faced rejection soon after, dipping
June 4, 2024 9:38 PM | 2 min read Leading cryptocurrencies edged higher as investors’ expectations of interest rate cuts spurred investments in risk-on markets. Cryptocurrency Gains +/- Price (Recorded 8:35 p.m. EDT) Bitcoin (CRYPTO: BTC) +2.66% $70,619.64 Ethereum (CRYPTO: ETH) +1.80% $3,816.76 Dogecoin (CRYPTO: DOGE) +2.49% $0.1618 What Happened: Bitcoin topped $70,000 and broadly
The cryptocurrency market recovered strongly in 2024, following a protracted bear market that halted capital investments in the sector. Spurred by soaring institutional interest in spot ETFs, bellwethers like Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have both surged more than 60% year-to-date, according to data from Benzinga Pro. Additionally, the total cryptocurrency market cap
May 17, 2024 6:20 AM | 2 min read Prominent cryptocurrency trader Michael van de Poppe stunned the market after he revealed dumping all of his Bitcoin (CRYPTO: BTC) holdings in favor of altcoins. What Happened: Known for sharing valuable inputs regarding cryptocurrency portfolios and picking the assets to invest, Van De Poppe disclosed in
May 15, 2024 1:55 AM | 1 min read Shares of video game retailer GameStop Corp. (NYSE:GME) have lifted exponentially this week, trumping the world’s largest cryptocurrency Bitcoin’s (CRYPTO: BTC) yearly gains in a single day. What Happened: GameStop shares rallied 190% since the week began, according to data from Benzinga Pro, pumped by retail