Bitcoin broke the landmark $100,000 level earlier Thursday, nearly 15 years after it first went live, in a move that some traders expect to keep continuing. BTC added 7.2% in the past 24 hours, data shows, zooming to a $2 trillion market capitalization for the first time as it set a record just over $103,670. … Read more
Publicly traded BIT Mining (BTCM) will continue its self-hosted mining operations for dogecoin (DOGE) and litecoin (LTC) after the endeavor reaped three times more profit than its bigger bitcoin (BTC) mining operations, per a release. BIT Mining said it had mined 84,485.42 LTC (worth $10 million at current prices) and 227,908,250 DOGE (worth a whopping … Read more
Bitcoin (BTC) and the broader crypto market are witnessing strong demand for bullish leveraged plays, a sign the market is overheated. While market makers’ hedging is likely to keep BTC supported at around $100,000, the heightened activity raises the risk of pullbacks for other cryptocurrencies. Bitcoin, the leading cryptocurrency by market value, tapped a record … Read more
Circle Internet Financial, issuer of the world’s second-largest stablecoin, USD Coin (USDC), has made some layoffs as part of a regular review of its operations. The job cuts amount to “less than 6% of Circle’s workforce,” according to Bloomberg, which reported the news earlier. Circle confirmed the figure in an email. Circle, which filed for … Read more
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it’s also at an all-time high when priced in gold, worth about 39 ounces, breaking … Read more
By Omkar Godbole (All times ET unless indicated otherwise) The wait is over. Bitcoin has surged past $100,000, driven by a number of factors, including President-elect Donald Trump’s appointment of supposedly crypto-friendly Paul Atkins to lead the SEC. Most analysts are bullish, anticipating further gains toward $120,000 and higher, and it’s not hard to see … Read more
The analyst who wrote this piece owns shares of MicroStrategy (MSTR) and Semler Scientific (SMLR). Crypto-related equities jumped before the U.S. market open after bitcoin (BTC) broke through the $100,000 psychological barrier, adding 4% in 24 hours. Medical device company Semler Scientific (SMLR) led gains, adding more than 7% and approaching $70 a share. The … Read more
Jonathan Levin has taken over the top job at crypto analytics company Chainalysis two months after co-founder and longtime CEO Michael Gronager went on leave. Chainalysis is a major provider of crypto compliance software to governments and corporations that want to know where their digital money is flowing. Its various tools peel back the perceived … Read more
Worksport (WKSP), a tiny Nasdaq-listed maker of covers for pickup truck beds, has added its own twist to the newly popular corporate strategy of buying bitcoin that was introduced and made famous by Michael Saylor’s MicroStrategy (MSTR). The New York-based company, which has a $20 million market capitalization, is investing up to 10% of its … Read more
CoinDesk Indices presents its daily market update, highlighting the performance of leaders and laggards in the CoinDesk 20 Index. The CoinDesk 20 is currently trading at 3974.18, up 1.8% (+70.68) since yesterday’s close. Ten of 20 assets are trading higher. Leaders: RENDER (+14.7%) and LTC (+9.7%). Laggards: ETC (-5.7%) and ICP (-3.1%). The CoinDesk 20 … Read more
