Bitcoin Financial News

Investing.com -- Markets are awaiting fresh U.S. inflation figures that could factor into how the Federal Reserve approaches potential interest rate cuts this year. Stock futures on Wall Street inch broadly higher ahead of the data. Oracle (NYSE:ORCL) shares surge in extended hours trading after the tech group posts an AI-driven earnings beat, while the price of Bitcoin remains just under a recent record high.

Investing.com — The Dow eked out a gain Monday, as investors looked ahead to upcoming inflation data that will likely shape the Federal Reserve's interest rate outlook. 

El Salvador’s Bitcoin (BTC) investment strategy is paying off handsomely, with the country now enjoying a remarkable 70% profit on its dollar-cost average purchase price. 

The Thailand securities regulator has greenlit asset management firms to introduce private funds tailored to invest in Spot Bitcoin ETFs. However, access to these funds will be restricted to institutional investors and individuals with ultra high net-worth.

Bitcoin reaching record levels $72, 000 on March 11, the cryptocurrency is poised to touch new peaks. According to crypto market research platform Crebaco, Bitcoin is well on track to reach USD100,000-USD150,000 by the end of 2024. As exuberance grows, Abhishek Kumar Gupta, Co-Founder of NFTFN talks about what could drive a bigger rally in Bitcoin and what it means for the broader cryptocurrency market. Edited excerpts: Economic Times (ET): Bitcoin levels are touching new peak and we now hear about Bitcoin Halving that is expected to drive up value even more. What is Bitcoin halving and why does it matter? Abhishek Kumar Gupta (AKG): Bitcoin Halving is an event that occurs approximately every four years, where the reward for mining new Bitcoin blocks is halved.

Bitcoin raced to an all-time peak above $72,000 Monday as the world's most popular cryptocurrency won further support on greater trading accessibility and dollar weakness. The virtual unit struck $72,234 as dealers also eyed an upcoming industry event that traditionally boosts bitcoin's price.

Mudrex, a Y-Combinator-backed global crypto investment platform, on Monday announced the launch of US Bitcoin Spot ETFs for Indian investors. Those interested can start investing in Bitcoin spot ETFs on Mudrex’s platform with a minimum amount of $5,000 and a maximum of $250,000. Mudrex empowers investors to choose individual spot ETFs, create a personalised basket, or opt for pre-listed options depending on market capitalisation.

Bitcoin price is anticipated to climb, now trading close to $72,000, showing a remarkable increase.

Bitcoin hit an all-time high on Monday, contributing to the rapid rebound of the cryptocurrency market. The largest crypto by market cap surged to as much as $72,710 late Monday. Meanwhile, Ether rose 4.5% to $4,038.

cryptocurrency worldwide has similarly impacted Indians as well. According to Nasscom, cryptocurrency investors have witnessed a significant 1,100% growth between 2022 and 2023. This remarkable transformation is evidence of heightened interest in the sphere by the Indian populace, but it comes with a critical question — should individuals who were not part of the recent cryptocurrency growth contemplate investing in cryptocurrencies? Potential investors must research the potential advantages and disadvantages associated with cryptocurrency investment before deciding to jump into it. Some of these assets intrigue the investors based on the developers’ mission statement, whereas alternative investors favour postulating over price action and volatility of their preferred digital assets. Investing in cryptocurrencies is often intricate, but all of these assets are highly dissimilar in nature. Beginners must always be prepared to lose their capital, which can be avoided with appropriate prior analysis and due diligence.

Bitcoin has climbed up the ranks to become the world's eighth most valuable asset by market capitalisation, surpassing silver, CoinDesk reported. The world's largest cryptocurrency reached an all-time high valuation of over $72,000 during the morning hours of US trading on March 11, leading to a market cap of $1.42 trillion. This has now placed it ahead of silver (valued at $1.387 trillion), according to CompaniesMarketCap.

all-time highs (see chart 1). America’s in particular is on an eye-popping run, with the S&P 500 index of large firms having risen in 16 of the past 19 weeks. The value of Nvidia, a maker of hardware essential for artificial intelligence (AI), has risen by more than $1trn in the space of a few months.

MicroStrategy CEO Michael Saylor – whose company now owns 205,000 Bitcoin (BTC) – says people should buy and HODL their coins 100 years.

Republican presidential frontrunner Donald Trump took to CNBC on Monday to reveal he was unsure whether he would want to get rid of Bitcoin despite criticizing it in the past, going so far as to say he has “fun” with the cryptocurrency.

With BlackRock’s IBIT amassing 197,943 BTC, valued at over $13.5 billion, the narrative around Bitcoin and its investment allure is undergoing a remarkable transformation.

Crypto friendly American asset manager Ark Invest sees Bitcoin’s price hitting $1 million before 2030, according to CEO Cathie Wood in a recent interview with the New Zealand Herald.

Launched in 2015, Ether, also known as Ethereum, is by far the second-largest digital currency in terms of total value, now estimated at over $460 billion.

Quiver Quantitative — Wall Street's main indexes faced a cautious retreat on Monday as investors braced for the upcoming inflation data, seeking insights into the Federal Reserve's monetary policy trajectory. This mood of anticipation follows a mixed jobs report last week that sparked debate over the Fed's interest rate strategy. While the S&P 500 (GS) and Nasdaq stepped back from their recent highs, partly due to declines in the technology sector, particularly chip stocks, the labor market data fueled speculation about potential interest rate cuts. The focus is now shifting to the Consumer Price Index (CPI) data, which will offer further clarity on inflation trends and potentially influence the Fed's decisions on borrowing costs.

Bitcoin (BTC) soared past yet another price milestone, crossing $72,000 this morning on the back of the price momentum from last week where it made two all-time highs. Meanwhile, ether climbed steadily past $4,000 amid optimism around lower fees after the highly-anticipated Dencun upgrade for the Etherum network—which will help improve transaction processing speeds at scale—this Wednesday.

MicroStrategy’s billionaire executive chairman, founder and former CEO Michael Saylor has just sold $800 million in convertible senior notes to add to his company’s ~ $13 billion Bitcoin war chest.

Bitcoin (BTC), the flagship crypto, has been dunking on popular fiat currencies, hitting an all-time high (ATH) against the Euro (EUR) and the British pound (GBP) earlier this week. Just a breath away from performing a similar feat against the US dollar after briefly soaring past $68,000, the coming days promise to be exciting.