Key Takeaways Bitcoin price surged to $125,000, mainly driven by increased retail investor demand. The ongoing US government shutdown heightened governance risk, leading investors to seek safe-haven assets like Bitcoin. Bitcoin climbed over $125,000 driven by retail demand amid the ongoing US government shutdown, according to QCP Capital, a cryptocurrency trading and analysis firm. The
Blockchain lender Figure Technologies (FIGR) has “tremendous growth headroom” according to analysts at investment firm Bernstein, earning it an “outperform” rating and a new price target of $54 per share. The new price target hints at more than 30% upside based on Monday’s opening FIGR trading price of $41.02. Shares of FIGR were up 6.4%
Shares of Leap Therapeutics (LPTX) climbed 25% after the microcap cancer drug developer announced a $58.9 million private investment led by Winklevoss Capital to kickstart a crypto treasury strategy. The investment, structured as a private placement, includes common shares and warrants priced at $0.61439 per unit. Winklevoss Capital, founded by Cameron and Tyler Winklevoss, will
Strategy, the world’s largest corporate holder of Bitcoin, stopped accumulating the asset last week, as it made $140 million in dividend payments, according to a press release. That was the first time that the Tysons Corner, Virginia-based firm, which owns 640,000 Bitcoin, put its Bitcoin-buying activity on pause since the end of July. On Monday,
The Bitcoin BTC$124,901.48 options market has grown so large and so structurally diverse that it is now influencing the price of bitcoin itself, according to a report by trading firm FalconX. Open interest in BTC options has swelled to nearly $80 billion, up from around $8 billion at the start of the year, putting it
Strategy Inc. co-founder and executive chairman Michael Saylor said Monday that the company had a massive $3.9 billion fair value gain on its Bitcoin holdings during the third quarter of the year. On Saturday, Bitcoin (BTC) reached a new all-time high of $125,000 as exchange balances plunged to six-year lows. Saylor’s Strategy, a company known
Various optimistic forecasts about the price of Bitcoin are starting to circulate. However, it is necessary to make a couple of important clarifications to avoid excess enthusiasm that could mislead investors’ operational decisions. The situation indeed appears rosy because it probably is, but it is not certain that the current scenario is destined to last
Japanese public company Remixpoint has continued its aggressive accumulation of Bitcoin. It purchased an additional 18.54 BTC. This brings the company total holdings to 1,368.8 BTC. It is currently valued at approximately $169.7 million. Remixpoint now ranks 41st among global Bitcoin holders. Which reflects its growing significance in the crypto landscape. JUST IN: Japanese public
Advanced Micro Devices (NASDAQ: AMD) shares erupted higher in pre-market on Monday after OpenAI confirmed a multi-gigawatt GPU supply deal that could generate over $100 billion in revenue for the chipmaker in just the next four years. At its peak, the stock spiked more than 26% intraday, one of the sharpest single-day moves in AMD’s
CryptoQuant data indicates that Bitcoin whale selling pressure began to shift in October. On-chain analysis revealed the 30-day percentage change in the amount of Bitcoin held by whales, where the negative values indicate that whales have been creating selling pressure. On-chain analyst Burak Kesmeci also noted that there has been a decline in whale balances