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Dec 03 2024CRYPTO

Bitcoin's Big Moment: $100K in Sight as ETFs Boom

Bitcoin is getting closer to hitting $100, 000, with its price reaching $99, 645 on November 22. However, it hasn't been able to push past this milestone yet. Recently, Bitcoin had a brief dip to around $92, 500 but has since bounced back to around $96, 000. This recent rise is thanks to increased i

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Nov 29 2024CRYPTO

Bitcoin’s Future: A $250 Trillion Market Cap?

Bitcoin, the most prominent cryptocurrency, is on a roller-coaster ride. Standard Chartered predicts it could hit $125, 000 by the end of the year and then $200, 000 in 2025. However, some think even bigger. Michael Saylor from MicroStrategy believes Bitcoin could reach a market cap of $250 trillion

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Nov 26 2024CRYPTO

Bitcoin’s Trump Bump Turns Sour

Bitcoin, the top cryptocurrency, has dropped back below $93, 000. This downturn comes after a brief rally following Donald Trump's re-election. The price peaked at $98, 000 last week but suffered a setback, declining by over 6% in the last 24 hours. This reversal has put a temporary halt on hopes of

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Nov 26 2024BUSINESS

Bitcoin's Race to $100, 000: What's Holding It Back?

Bitcoin, the largest cryptocurrency, has been struggling to break the $100, 000 mark after a rapid post-election rise. The cryptocurrency surged over 40% since the U. S. election, driven partly by pro-crypto comments from President Donald Trump. Bitcoin hit a new high of over $99, 000 last week but

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Nov 25 2024FINANCE

Bitcoin and the Hidden Exchange Rate Puzzle

Bitcoin, the popular cryptocurrency, has been studied for its price differences across markets. This research delves deeper by looking at trade data from LocalBitcoins. com, a peer-to-peer exchange platform. It explores how economic and regulatory factors shape Bitcoin markets and how cryptocurrenci

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Nov 21 2024CRYPTO

Bitcoin's Big Climb: A Bump Ahead?

Bitcoin is zooming towards $100, 000, but don't expect it to fly there forever without a hiccup, warns Michael Novogratz, CEO of Galaxy Digital. The crypto king was trading near $97, 000 on Thursday, after hitting an all-time high of almost $98, 400. Novogratz thinks this milestone was bound to happ

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Nov 20 2024CRYPTO

Bitcoin Hits New Highs, ETF Options See Big Demand

Bitcoin surged to a new peak of almost $95, 000 recently, driven by positive U. S. election outcomes. Meanwhile, major firms like BlackRock and Grayscale introduced options for their spot bitcoin ETFs, attracting massive volumes. BlackRock's iShares Bitcoin Trust saw over $1. 9 billion in trades, si

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Nov 14 2024FINANCE

Bitcoin Boom: How to Stay Tax-Smart Before 2025

Bitcoin is hitting new highs, but crypto investors should keep an eye on something else: taxes. Starting in 2026, brokers will report crypto sales on Form 1099-DA, listing gross proceeds from 2025. By 2027, they'll include your original purchase price, known as the "basis. " This price is crucial be

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Nov 13 2024FINANCE

Why Bitcoin Prices Are Soaring After Trump's Win

Bitcoin, the world's largest cryptocurrency, hit a new record high of $87, 000 on Monday. This surge follows Donald Trump's presidential election victory. Analysts believe the incoming administration could be more friendly towards cryptocurrencies, leading to potential regulatory clarity and flexibi

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Nov 12 2024FINANCE

Ethereum ETFs Score Big, Bitcoin ETFs Boom: What's Driving the Surge?

In a surprising twist, Ethereum (ETH) exchange-traded funds (ETFs) saw a record increase in inflows, marking a significant milestone. Meanwhile, Bitcoin (BTC) ETFs witnessed a massive surge, hinting at a possible price jump to $90, 000. But what's behind this sudden growth? Let's break it down. Fir

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