Tag: Crypto

New Investors Buying Bitcoin Again: Key Data Supports Bullish Outlook

Bitcoin is at a critical turning point after the Federal Reserve’s interest rate cut over three weeks ago.  The price is above the $65,000 mark, setting the stage for a potential push to new highs. Market sentiment is increasingly optimistic, with many expecting a significant Bitcoin rally in the...
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Cathie Wood’s Ark Invest Says Ethereum Is A Big Idea That Will Transform The Financial Services Industry — ETH Is Beginning To ‘Develop Attributes’ Similar To US Treasury Bills

Asset management firm Ark Invest expressed belief in the transformative potential of the Ethereum (CRYPTO: ETH) network for the financial services industry. What Happened: On Tuesday, Cathie Wood, the influential founder of the company, shared on X a research paper that explained why Ark Invest believes Ethereum and its...
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Bitcoin Marches Ahead, Ethereum, Dogecoin Flat Amid Stocks’ Reversal: Analyst Highlights Factors Supporting King Crypto’s Rise To $71K

Market bellwether Bitcoin maintained its upsurge Tuesday, defying the sharp decline in stock prices. Cryptocurrency Gains +/- Price (Recorded at 9:30 p.m. EDT) Bitcoin (CRYPTO: BTC) +2.22% $67,341.02 Ethereum (CRYPTO: ETH)                -0.30% $2,617.63 Dogecoin (CRYPTO: DOGE)           -1.31% $0.1166 What Happened: The world’s largest cryptocurrency bounced above $67,000 in early...
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Elon Musk’s Tesla Waving Goodbye To Bitcoin? $760M Sent To Unknown Wallets

In a major development, EV juggernaut Tesla Inc. (NASDAQ:TSLA) has reportedly transferred nearly all of its Bitcoin (CRYPTO: BTC) stash to unknown wallets, sparking speculation about whether CEO Elon Musk planned to offload the company’s cryptocurrency holdings. What Happened: A wallet labeled as Tesla moved 11,500 BTCs, worth $760...
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