Cryptocurrencies

Key Takeaways: BlackRock’s iShares Bitcoin Trust (IBIT) has surpassed its iShares Gold Trust (IAU) in net assets, marking a significant milestone in the world of investment trusts. As of Thursday, IBIT’s assets reached $33.2 billion, overtaking the $32 billion held in BlackRock’s gold ETF. This achievement is notable considering the iShares Gold Trust has been […]

Bitcoin set a new all-time high last night, surpassing $76,000 for the first time. The Fed’s anticipated rate cut on Thursday could potentially push Bitcoin prices even higher. Spot bitcoin ETFs experienced significant inflows of $621.9 million on Wednesday, following the clear outcome of the 2024 U.S. presidential election. Bitcoin (BTCUSD) briefly reclaimed the $76,000

Key Takeaways Bitcoin dropped to $56,000 before regaining some ground as the crypto asset continues to move in tandem with the stock market. Bitfinex analysts see the potential for bitcoin to drop another 15%-20% if the Federal Reserve announces a rate cut later this month. A rate cut is expected to benefit risk-on assets such

Bitcoin reached a significant milestone on Tuesday, racing past the $73,000 mark and nearing its all-time high set in March. This surge in Bitcoin also had a positive impact on MicroStrategy’s stock, which hit a 52-week high. Trading activity in Bitcoin-related investments has seen a noticeable uptick in anticipation of the U.S. elections, according to

Key Takeaways Stocks with bitcoin exposure are trending higher as the price of bitcoin recovers some of its losses suffered Friday. Bitcoin is back above $56,000 after trading at about $52,600 on Friday but remains below its levels from earlier last week. Friday’s underwhelming August jobs report may have investors questioning seemingly riskier assets, like

Investors responded to the presidential debate between former President Donald Trump and Vice President Kamala Harris with a clear market shift in politically connected assets. Financial assets tied to Trump retreated early Wednesday as the debate’s outcome was digested by the markets. Solar and green energy stocks experienced an advance, reflecting investors’ expectations of Harris

Key Takeaways: Since the beginning of September, Bitcoin has gained more than 14%, while the S&P 500 has risen roughly 3%. Initially, both Bitcoin and stocks had a rocky start due to economic concerns, but Bitcoin has since gained momentum. Both U.S. presidential candidates have shown support for the crypto industry, which is weighing heavier