Microstrategy may have scooped up 2,138 BTC recently, but its stock price has been anything but steady. The company’s shares are now trading more than 36% below their record high. Microstrategy Doubles Down on Bitcoin, but Can It Weather a 36% Stock Drop? Since adopting its bitcoin (BTC) strategy in 2020, Microstrategy, led by founder […]
A Coinbase report reveals that cryptocurrency and blockchain initiatives among Fortune 100 companies rose by 39% year-over-year, reaching a record high in Q1 2024. In addition, 56% of Fortune 500 companies are working on onchain projects. The report emphasizes the need for clear crypto regulations to retain talent and enhance U.S. leadership in crypto technology. […]
Bitcoin’s valuation surged past the $ 1 trillion mark, significantly increasing the net worth of its elusive creator, Satoshi Nakamoto, by nearly $ 9 billion in two months. JPMorgan Chase analysts have identified the Bitcoin halving event and an upcoming major Ethereum network upgrade as key drivers of cryptocurrency prices. Veteran trader Peter …
2024 has unfolded as a flourishing year for bitcoin’s valuation, as its market capitalization breezed past the $ 1 trillion milestone, positioning the cryptocurrency as the world’s tenth-largest asset by overall market valuation. This uptick in price has significantly boosted the net worth of Bitcoin’s mysterious creator, Satoshi Nakamoto, elevating the value of the …
Over a span of six days in the U.S. market, nine newly launched spot bitcoin exchange-traded funds (ETFs), along with the recently revamped GBTC, collectively saw a trading volume of $ 16.53 billion. GBTC, commanding the majority of this trade volume, experienced a substantial reduction in its bitcoin holdings. In just the past 24 …