Cipher Mining Shares Continue To Climb: What’s Going On With Bitcoin Mining Stocks Wednesday?
Several Bitcoin (CRYPTO: BTC) mining stocks are in the spotlight Wednesday amid positive analyst coverage and an uptick across the broader cryptocurrency market. What To Know: Cipher Mining Inc (NASDAQ:CIFR) shares are leading the way Wednesday, up approximately 12% at last check, per Benzinga Pro. The stock closed Tuesday...
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Bitcoin’s Price Rally Could Be Driven By Multiple Factors In Coming Months: Standard Chartered
Standard Chartered’s head of digital assets research sees Bitcoin’s (CRYPTO: BTC) prices possibly experiencing a significant boost in the coming months. What Happened: The recent rate cut by the U.S. Federal Reserve has led to a situation where long-term borrowing costs for U.S. Treasury notes are relatively higher than...
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Solana Could Reach $330, Capturing 50% of Ethereum’s Market Cap, Says MarketVector Report
A new report projects that Solana (CRYPTO: SOL) could see its market value surge to $330, capturing 50% of Ethereum‘s (CRYPTO: ETH) market cap. What Happened: The report by MarketVector, a thematic index provider backed by VanEck, highlights Solana’s superior performance metrics and suggests that the cryptocurrency is significantly...
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Bitcoin As ‘Global Liquidity Barometer:’ This Relationship Holds 83% Of The Time Over 12-Month Periods
Renowned macro analyst Lyn Alden released a comprehensive study exploring Bitcoin’s (CRYPTO: BTC) role as a global liquidity barometer, revealing its unique sensitivity to monetary conditions and potential as an investment tool. What Happened: The research, conducted by Sam Callahan under Alden’s guidance, finds that Bitcoin moves in the...
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Bitcoin Mining Stock’s ‘Strong Organic Growth’ Make It A ‘Must-Own,’ Says Bullish Analyst
Shares of CleanSpark Inc (NASDAQ:CLSK) climbed last week as Bitcoin (CRYPTO: BTC) prices rose, following the Federal Reserve’s first interest rate cut in four years. The company has grown faster than its peers over the past couple of years to become the second-largest public miner by deployed capacity, according...
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5 Things To Know In Investing This Week: The We Pivoted Bigly Issue
Years ago, President Trump talked about a change in tax rates that he described as “big league”. It was misinterpreted as “bigly” and a new word entered the lexicon. Last week, the Fed pivoted and cut the fed funds rate. This cut was more than two years after Fed...
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XRP Price At Risk Of Major Crash As Trendline Weakens
The XRP price is still trading around the $0.6 threshold, and investors are anticipating an eventual breakout in the coming weeks. In an interesting turn of outlook, an intriguing shift in perspective has recently emerged, sparked by a well-known cryptocurrency analyst who suggests that XRP may be closer to...
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PayPal Enables US Businesses To Buy, Hold, And Sell Crypto Directly From Accounts
On Wednesday, PayPal announced that it is enabling US merchants to buy, hold and sell cryptocurrency directly from their business accounts. This new functionality aims to increase the utility of digital currencies and make it easier for users and merchants to deal with crypto assets in their businesses. New...
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One Week Left Until ‘Uptober’: Analyst Shares How High The Bitcoin Price Can Go
The fourth quarter (Q4) of every four-year cycle has always been historically bullish for Bitcoin (BTC). With Uptober just a week away, a crypto analyst has shared predictions on how high the price of Bitcoin could soar during this typically bullish season. Here’s How Far Bitcoin Can Climb In...
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Bitcoin Analyst Warning: Selling BTC At $73,800 Will Be “Disastrous”
Bitcoin is climbing higher when writing, technically bullish but steadying below August highs. Even though there are pockets of strength and the general market sentiment is bullish, looking at the CoinMarketCap poll, buyers should do more. Selling Bitcoin At $74,000 Will Be “Disastrous” A break above the $65,000 and...
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