Month: December 2024

On Monday, Tom Lee, Chief Investment Officer at Fundstrat Capital, predicted that the S&P 500 tracked by SPDR S&P 500 (NYSE:SPY) will rally to 6,300 by year-end, citing favorable market conditions and historical patterns that point to continued strength in December. What Happened: Speaking on CNBC’s “Squawk Box,” Lee outlined four...

Leading cryptocurrencies corrected Monday after the U.S. government moved nearly $2 billion in Bitcoin to new addresses. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) -1.56% $95,870.15 Ethereum (CRYPTO: ETH)                -1.58% $3,641.51 Dogecoin (CRYPTO: DOGE)           -4.99% $0.4231 What Happened: The world’s largest cryptocurrency dipped to...

Cryptocurrency firms in South Korea would have some breathing room before they start paying capital gains tax as the government decided to delay its implementation by two years. South Korean legislators agreed not to impose the crypto taxation policy next year, moving its implementation to 2027. Delaying Cryptocurrency Tax...

Global exchange-traded fund (ETF) issuer and asset manager WisdomTree has officially submitted an S-1 application for a spot XRP ETF to the US Securities and Exchange Commission (SEC), becoming the fourth asset manager in the US to seek approval of the index fund.  Growing Interest In XRP ETF The...

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Analysts said that two of the biggest cryptocurrencies in the world are riding on the waves of positive sentiments as the exchange-traded funds of Bitcoin and Ethereum reached record highs. The pro-cryptocurrency stance of US President-elect Donald Trump continues to fuel the positive outlook, propelling BTC and ETH to...

CleanSpark Inc (NASDAQ:CLSK) reported fourth-quarter financial results after the market close on Monday. Here’s a look at the key details from the quarter. Q4 Earnings: CleanSpark reported full-year 2024 revenue of $378.97 million, missing analyst estimates of $397.32 million. The Bitcoin (CRYPTO: BTC) mining company reported a full-year adjusted...

Cryptocurrency markets are trading lower on Monday, with selected altcoins recording significant gains. Cryptocurrency Price     Gains +/- Bitcoin (CRYPTO: BTC)  $96,068.16 -0.98% Ethereum (CRYPTO: ETH)  $3,618.32 -2% Solana (CRYPTO: SOL)  $224.74 -4.5% Dogecoin (CRYPTO: DOGE)  $0.4257 -0.5% Shiba Inu (CRYPTO: SHIB)  $0.00002918   -4.3% Notable Statistics: IntoTheBlock data shows large...

Shares of crypto-linked companies Hut 8 Corp. (NASDAQ:HUT), MARA Holdings, Inc. (NASDAQ:MARA) and Riot Platforms Inc. (NASDAQ:RIOT) are trading lower Monday as Bitcoin (CRYPTO: BTC/USD) experienced a pullback after its recent rise near $100,000. Here’s what you need to know. What To Know: Bitcoin-related investments saw significant outflows last...

Historically, markets outperform after presidential elections and then stall once the President-elect takes office, data shows....