Bitcoin’s price ranged between $117,365 and $118,057 in the last hour, reflecting intraday volatility amid a broader 3.8% decline over the past 24 hours. With a market capitalization of $2.33 trillion and a 24-hour trade volume of $72.33 billion, current market dynamics suggest a cautious stance as bitcoin trades within a daily range of $116,481
CNBC’s Jim Cramer thinks many mainstream asset managers are about to embark on a Bitcoin buying spree, and he believes that even includes long-time skeptics like JP Morgan’s Jamie Dimon. The former hedge fund manager said during his latest “Squawk on the Street” TV show that investors are speaking among themselves and encouraging each other
Metaplanet has announced that National Financial Services LLC (NFS), a subsidiary of Fidelity Investments, is now its largest shareholder. In a July 15 disclosure, the firm revealed that NFS holds 84.4 million shares, equivalent to 12.9% of its total equity. Based on current valuations, this stake is worth approximately ¥121 billion or around $816 million.
Marathon Digital Holdings (MARA), the largest publicly traded Bitcoin mining company in the US, is increasing its investments in institutional-grade Bitcoin yield strategies. Marathon Digital Deepens Bitcoin Yield Strategy with $20 Million Investment in Two Prime The company formalized the partnership by investing $20 million in SEC-registered investment advisor Two Prime. This investment also increases
BlackRock’s IBIT ETF (Exchange-Traded Fund) is turning heads amid a sustained growth in its net assets, with analysts saying it could reach $100 billion this month. The financial instrument recently passed as the asset manager’s most profitable ETF, driving more revenue than BlackRock’s S&P 500 fund. Can BlackRock’s IBIT Reach $100 Billion in Assets in
Bitcoin (BTC) price recently surged to a new all-time high (ATH) at $123,218 but faced a slight dip, trading at $117,500 today. The decline is likely owing to the anticipation surrounding the upcoming inflation data, as US CPI is expected to rise 2.7% Year-on-Year (YOY) in June. Nevertheless, current investor behavior reflects ongoing optimism, but
Bitcoin is experiencing its largest institutional presence since inception, and a market veteran has projected its price will go way higher. Institutions are flocking to Bitcoin, mainstream adoption is at its all-time high, and market experts believe this is still early. Speaking at an appearance on CNBC’s Fast Money, Steve Grasso, the CEO of Grasso
Recent analyses largely agree that retail investors have yet to return to the crypto market, even though Bitcoin has reached new all-time highs. However, there are new signs that Bitcoin’s price surge may soon lure back retail participants. But is it wise to start buying Bitcoin now that it has entered six-figure territory? Analysts are
Pakistan has taken a significant step into the digital asset economy by launching a national crypto regulatory authority and initiating plans for a Bitcoin reserve. This development marks a major policy shift from its previous crypto restrictions and underscores the country’s evolving stance on blockchain technology. Summary Launch of PVARA: A New Regulatory Framework Pakistan’s