Cryptocurrency market analyst Michael Nadeau stated that Bitcoin is once again approaching a critical technical level, and that the price is preparing to move towards the 200-day moving average at $84,000. According to Nadeau, such movements have been frequently seen in past bear markets, and all previous examples have resulted in lower levels. However, the
Shares of Nvidia jumped around 5.39% to close at $207.09, bringing the chip company’s total worth back near the $5 trillion mark for the first time since geopolitical tensions sent markets tumbling earlier this year. The graphics processor manufacturer last touched this valuation level before stock prices fell during market turbulence tied to the Iran
On last night’s earnings call for Strategy (formerly MicroStrategy), Michael Saylor and CEO Phong Le finally admitted that they’re considering selling the company’s bitcoin ($BTC). This sudden change undoes years of guidance and explicit assurances that Strategy would never sell. Specifically, Saylor and Le told analysts on the company’s first-quarter earnings webinar that Strategy will
Crypto asset manager 21Shares has listed preferred shares (ticker: STRC) of Strategy (formerly MicroStrategy, MSTR) on the London Stock Exchange, marking a significant expansion of digital asset-linked securities in traditional European markets. The listing, first reported by Decrypt, provides institutional and retail investors in the UK with direct access to a regulated product tied to
In brief 21shares launched the Strategy Yield ETN (STRC) on the London Stock Exchange, providing U.K. investors access to Strategy’s preferred shares. The ETN offers an 11.50% yield paid monthly in cash with tax deferral benefits. Strategy holds about $67 billion worth of Bitcoin and has seen surging demand for its STRC shares this year.
A new analysis by Project Eleven warns that “Q-Day,” the hypothetical point when quantum computers can break widely used public-key cryptography, could arrive as early as 2030, potentially putting millions of bitcoins at risk. The estimate builds on recent demonstrations and academic work showing rapid progress in quantum attacks against elliptic curve cryptography, the mathematical
The cryptocurrency market is experiencing turbulent days as Bitcoin surpassed the $80,000 mark, but the analysis firm The DeFi Report has published a new report urging investors to exercise caution. Analysts emphasize that Bitcoin’s current surge bears a striking resemblance to the market structure of 2022. According to The DeFi Report, leveraged trading data and
Famed startup accelerator Y Combinator is set to host interviews in New York City for the first time, focusing specifically on fintech and crypto startups, as it looks to back more firms in the space. “This is the first time YC has taken its interview process for a specific sector on the road in this
Cryptocurrency analytics company Glassnode assessed the current market outlook after Bitcoin broke through critical cost zones. According to the company’s report, Bitcoin has risen above both the $78,200 level, defined as the “true market average,” and the $79,100 level, which is the average cost level for short-term investors. Analysts stated that if BTC manages to