On Thursday, the cryptocurrency market experienced a slight uptick over the past 24 hours, with litecoin (LTC) emerging as one of the day’s standout performers, achieving double-digit gains against the U.S. dollar. Litecoin Shines In its earlier years, spanning 2013 through 2017, litecoin (LTC) held a commanding presence in the crypto rankings, maintaining a position […]
Bitcoin’s Correlation With Nasdaq 100 Hits Two-Year High Amid Inflation Concerns
Trading patterns in equity markets reveal that investors are bracing for increased volatility as the latest U.S. inflation report is set to be released. Bitcoin Moving in Tandem With Tech Stocks The correlation between bitcoin and U.S. technology stocks has surged to a two-year high, underscoring how the equity market’s response to the upcoming U.S. […]
$99K and Counting: Bitcoin’s Meteoric Climb Mirrors Inflation Trends
On Jan. 15, bitcoin ascended to an intraday peak of $ 99,442 on Wednesday morning, following the release of the latest U.S. inflation data, which revealed a slowdown in core inflation. Easing Core Inflation, Explosive Bitcoin Rally: $ 224M Liquidated in 24 Hours At 9 a.m. Eastern Time, bitcoin was trading at $ …
‘Best-Performing Asset This Year’: Tom Lee Doubles Down on Bitcoin’s Ascent
Tom Lee, co-founder and managing partner at Fundstrat, has expressed confidence in bitcoin’s long-term prospects. Although the cryptocurrency currently sits approximately 15% below its all-time high, Lee contends that those purchasing at the $ 90,000 mark would likely not face financial losses. Tom Lee Still Targets $ 250K as Investors Hold Their Breath …
Fidelity Predicts 2025 as Bitcoin’s Breakout Year, Led by Nation-State Adoption
Fidelity predicts 2025 will ignite a seismic shift as nation-states, banks, and institutions race to embrace bitcoin, marking the dawn of a new financial era. Fidelity Sees 2025 Driving Bitcoin Adoption Among Nation-States and Banks Financial giant Fidelity Investments, through its subsidiary Fidelity Digital Assets, released a report last week titled “2025 Look Ahead: Digital […]