Bitcoin (BTC) surged to within a few dollars of a fresh all-time high price during U.S. trading hours Tuesday, rising to as much as $73,500 before pulling back a bit. The record high of $73,798 was touched on March 14 of this year. At press time, the world's largest crypto was trading...
Reddit just turned a profit for the first time. As part of its third-quarter earnings results released on Tuesday, the company reported a profit of $29.9 million, along with $348.4 million in revenue — a 68 percent increase year over year. The company hasn’t been profitable at any point in...
Florida chief financial officer Jimmy Patronis wants the agency that manages the state’s retirement funds to consider investing in Bitcoin — joining a growing number of American states adding crypto to their portfolios. “Bitcoin is often called ‘digital gold,’ and it could help diversify the state’s portfolio and provide a...
Kalshi, a U.S.-regulated, centralized prediction market platform and late entrant to this year's election betting boom, is building further ties with the cryptocurrency industry. The company has agreed to supply price feeds to Stork Labs' network of oracle services that send data from the outside world to blockchains and decentralized exchanges. This will let developers build...
US stocks climbed on Monday to kick off a pivotal week packed with Big Tech earnings, an inflation update, and a crucial monthly jobs report. The tech-heavy Nasdaq Composite (^IXIC) jumped nearly 0.3%, while the S&P 500 (^GSPC) rose by the same amount. The Dow Jones Industrial Average (^DJI) moved...
The widely-tracked copper-to-gold ratio continues to slide in the wake of China's stimulus announcements, offering negative cues to risk assets. BTC's best years have been characterized by copper's outperformance relative to gold. From the increasing probability of pro-crypto Republican candidate Donald Trump winning the upcoming U.S. presidential election to expectations for...
Bitcoin’s BTC$69,940 price opened the week with a show of strength by attacking the $69,000 level, but should traders expect a push to new all-time highs before the end of today’s trading session? The $69,000–$70,000 zone continues to be a resistance cluster, a fact illustrated by the sell walls (red line above...
Standard Chartered’s Election Day Forecast: BTC Set to Reach $73K Standard Chartered’s Global Head of Digital Assets Research, Geoff Kendrick, published a report last week outlining projected bitcoin price movements based on potential outcomes of the upcoming U.S. presidential election. The research provides detailed scenarios for how bitcoin could respond to different...
US companies already dominate the global stock market when it comes to size. A new chart from JPMorgan Asset Management shows that's largely expected to continue. The firm attributes the boom to artificial intelligence. In JPM's 2025 Long-Term Capital Market Assumptions released on Monday, the team projected that US companies'...
Stocks are entering one of the busiest weeks of the year near record highs. A late-week rally led by a surge in Tesla (TSLA) shares helped the Nasdaq Composite close the week higher by about 0.9%, just shy of a new record high. Meanwhile the S&P 500 (GSPC) fell more...
error: Content is protected !!