Japanese firm Metaplanet has been following the footsteps of MicroStrategy for its Bitcoin acquisition strategy. This has resulted in a massive gain in its BTC yield which has led to its valuation nearly double since the beginning of the year. After adding Bitcoin to their treasury back in September 2020, the MSTR stock price has rallied by a staggering 2200%. Thus, the Japanese company could see a similar stock rally,
Last year, underbanked households more commonly used crypto than those with no banking access whatsoever, according to an FDIC survey. Source link
2 HodlX Guest Post Submit Your Post As Bitcoin continues to break records, crypto investors and market analysts are eyeing an ambitious yet seemingly possible milestone – Bitcoin at $100,000 by month’s end. Recent trading momentum, market confidence and macroeconomic factors are aligning in favor of Bitcoin’s continued ascent, especially with the cryptocurrency reaching unprecedented highs of around $89,000 earlier this week. But what could be driving this historic run
It didn’t matter much to the success of Ford. After all, people needed cars, and weren’t discouraged by safety factors. By contrast, those of us in blockchain today desperately need to convince people to use this technology, show its relevance for previously unimagined use cases, and reassure them it’s safe to do so. In other words, welcome to crypto — your Escape Hatches are located here, here, here and here.
Former Alameda Research co-CEO Sam Trabucco has agreed to forfeit millions of dollars worth of assets for his alleged role in the collapse of crypto exchange FTX in 2022. Trabucco is giving up two San Francisco apartments, a 50-foot yacht, and rights to debtor claims filed against FTX worth $70,000,000, Bloomberg reports. Trabucco, known for sophisticated and often risky trading strategies, stopped posting on social media after the collapse of
Litecoin price rose to $82.69 on Tuesday, November 12 as the rally in the crypto industry continued. It then pulled back and was trading at $76 at press time as the recent surge took a breather. This article explains what needs to happen for the LTC price to jump to $100. Litecoin Price Needs To Flip Key Resistance To Hit $100 Litecoin, like most cryptocurrencies, has jumped in the past
The largest crypto retraced around 5% to the low-$85,000 level earlier Tuesday, shaking out some late leveraged buyers. The pullback didn’t last long, though, with prices quickly rebounding and clinching a new all-time high of $90,100 on Coinbase‘s BTC-USD pair towards the later hours of the U.S. session before giving back some of the gains. The CoinDesk Bitcoin Index (XBX), which tracks pricing data from multiple exchanges, hit $89,971 as
Macro guru Raoul Pal believes that the shares of a US-based crypto firm may have an explosive breakout in the current bull market cycle. In a video posted on Real Vision’s YouTube channel, the former Goldman Sachs executive suggests Coinbase’s stock has the potential to soar 10x. “I think this bull market, the whole space will end up being $10 to $15 trillion, somewhere between that. So how much is
Bitcoin price recently achieved a new milestone, briefly trading above $90,000 following a period of sustained growth. This rally, attributed partly to renewed optimism within the crypto community, has marked a record-breaking period for the cryptocurrency. Analysts at Copper.co suggest that this upward trajectory could continue for the next several months, pointing to historical cycles that may see Bitcoin peaking within roughly 200 days. Bitcoin Price Hits New High Above
US President Donald Trump has revealed that Tesla CEO Elon Musk and Vivek Ramaswamy will lead a newly created Department of Government Efficiency, or “DOGE.” This initiative, aimed at streamlining government operations and reducing bureaucratic waste, aligns with Trump’s “Save America” movement and promises to reshape federal spending and regulatory practices. Following the announcement, Dogecoin (DOGE) experienced a surge in trading, with analysts predicting further growth in its value, fueled
