Bitcoin Financial News

Samir Arora, Founder, Helios Capital, says ‘the FOMO feeling should be there to invest for the long term. Do not hope and pray that the whole market goes up in six months before you have invested a major proportion of your future income. You actually want the market to go up steadily which it never does. It is not that I am saying that it ever does that. I am just saying just enjoy the whole ride rather than a day at a time.” Are largecap stocks getting ready to do a tango now? Yes, and that we have been saying for long simply because if you look at the performance of midcap stocks, say from 2000 to 2019, before Covid, there was not a very big difference between the midcap index and the largecap index. Then suddenly from 2020, if you start from March, the difference is something like 25% per annum over two years. We know broadly that these things in the end are somewhat similar. The midcap is about 0.5% to 1% higher in normal long duration and so this is obviously extreme.

By Rae Wee

dollar regained some ground on Tuesday and hovered near a one-week high against major peers, while bitcoin extended its momentum on optimism that U.S. regulators could soon approve exchange-traded spot bitcoin funds. The greenback rose marginally against the yen in early Asia trade to 147.23, helped by a slowdown in core consumer inflation in Tokyo that put downward pressure on the Japanese currency. The euro, meanwhile, languished near a three-week low hit on Monday and last traded $1.0840, while the dollar index stood near a more than one-week high and was last at 103.59. Analysts say the greenback's move higher was in part due to a reversal of its heavy selloff in recent weeks, which saw the dollar index falling some 3% in November, its steepest monthly decline in a year. «I think it's maybe just a little bit of a reassessment as to the U.S.

Blue-chip cryptocurrency markets are pumping on Monday led by Bitcoin (BTC), which just surpassed $42,000 for the first time since April 2022, taking its four-day run of gains to move than 10%.

Bitcoin (BTC)’s market cap could flip that of gold within two years, thus bringing its price up to $700,000 per coin.

Bitcoin's recent rally may have taken it past the $42,000 market and helped put the crypto winter of 2022 far in the distance. However, it was also a year the largest cryptocurrency by market capitalization started on shaky grounds at a mere $16,500 level.

Bitcoin's price rose above $41,000 on Monday, reaching levels not seen since before the collapse of the crypto stablecoin TerraUSD in May 2022.

MicroStrategy’s executive chairman Michael Saylor believes that Bitcoin (BTC) can still be 1000x from its current price of $41,500 – if given enough time.

Investing.com — The Dow ended lower Monday, though cut some losses into close despite weakness in tech amid rising Treasury yields ahead of the monthly jobs report later this week.  

Former Paxful CEO Ray Youssef has been appointed as CEO of Noones, a financial communication app aimed at integrating the Global South into the world’s financial systems.

Quiver Quantitative — The euphoria on Wall Street encountered a reality check this week, with stocks and bonds retreating and raising questions about the sustainability of the recent market rally. The focus now shifts to upcoming key jobs data, which is anticipated to significantly influence the Federal Reserve's policy decisions. This turn of events follows a remarkable period of gains, with the S&P 500 and Nasdaq 100 experiencing robust growth last month. However, experts like Morgan Stanley’s (MS) Michael Wilson and JPMorgan’s (JPM) Mislav Matejka suggest that this rally might be treading on thin ice, with potential volatility looming on the horizon.

Amidst the continuous transformation of the global marketplace, organizations across diverse industries proactively pursue novel approaches to improve customer contentment and optimize processes. The prevalent adoption of cryptocurrencies significantly impacts the dynamics of business transactions, including the financial sector.

Business intelligence company MicroStrategy (MSTR) is nearly $2 billion in profit on its Bitcoin (BTC) holdings since it began investing in the digital asset over three years ago.

A recent report from Bybit Research reveals insights into the sentiment and asset allocation of institutional traders in the cryptocurrency market during the first three quarters of 2023.

Shares of public crypto companies listed in the US experienced a surge on Monday as Bitcoin (BTC) surpassed $42,000, reaching a new high for the year.

Digital asset investment products recorded $176 million in inflows last week extending the positive run to 10 consecutive weeks hitting huge numbers not recorded in years.

Well-known Bitcoin (BTC) maximalist Max Keiser tweeted on X late on Sunday that Qatar could be a big bullish driver for the world’s largest cryptocurrency by market capitalization, suggesting that rumors are getting “very loud” that the country’s sovereign wealth fund could be looking to scoop up $500 billion of BTC.

“The natural trend of whichever country has the reserve currency is to inflate the money supply and increase deficit spending until it loses that advantage,” Armstrong posted, pointing out that “the U.S. is somewhere on this journey.”

Bitcoin, the trailblazer of the cryptocurrency world, has soared beyond expectations, breaking through the $41,000 threshold, a feat not seen in the last 18 months.

The Bitcoin (BTC) price, which briefly surpassed $42,000 on Monday for the first time since April 2022, has risen back above El Salvador’s average purchase price, putting the emerging Central American nation’s crypto bet back in the green.

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