Crypto stocks surge alongside Bitcoin price rally

July 15, 2024 Coin Telegraph

bitcoin etf

Crypto stocks’ strong performance was largely attributed to growing bets that Donald Trump will win the presidential election.

Crypto stocks experienced a rally on July 15, alongside Bitcoin, in a market move attributed to former President Donald Trump’s increasing odds of winning the United States presidential election in November.

The price rallies primarily affected mining stocks such as Marathon Digital (MARA), Riot Platforms (RIOT), and CleanSpark (CLSK), which gained 17%, 16%, and 16.2%, respectively.

Additionally, shares of Coinbase (COIN) rose by 11.4%, and MicroStrategy (MSTR), the company of Bitcoin (BTC) maximalist Michael Saylor, soared by 16.7% at the time of this writing.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Market Signal That Preceded a 400% Altcoin Rally in 2020 Currently Flashing Bullish, Say Glassnode Co-Founders

July 12, 2024 The Daily Hodl

Altcoins

A key indicator that predated a 400% altcoin rally is once again flashing bullish, according to the co-founders of market intelligence firm Glassnode. In a new thread, Glassnode co-founders Jan Happel and Yann Allemann – who go by the handle Negentropic – tell their 63,300 followers on the social media platform X that investors are […]

The post Market Signal That Preceded a 400% Altcoin Rally in 2020 Currently Flashing Bullish, Say Glassnode Co-Founders appeared first on The Daily Hodl.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Bitcoin price seesaws near $56K as US stocks post fresh all-time highs

July 8, 2024 Coin Telegraph

Bitcoin

BTC price volatility keeps the pressure on traders with stocks leaving Bitcoin ever further behind.

Bitcoin clung to modest gains at the July 8 Wall Street open as United States equities hit new record highs.

Data from Cointelegraph Markets Pro and TradingView showed a Bitcoin (BTC) price tug-of-war over the $56,000 mark.

Amid heightened volatility, the spot price glided through thin liquidity throughout the weekend, hitting turbulence after the July 7 weekly close before rebounding during the Asia trading session.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

‘Biggest Crash in History Coming’: Rich Dad Poor Dad Author Says Bitcoin Set To Plunge Before Rallying Massively

July 6, 2024 The Daily Hodl

Bitcoin

Best-selling finance author Robert Kiyosaki says that Bitcoin (BTC) is primed to have its biggest crash yet before enjoying a long-term bull cycle. In a lengthy thread on the social media platform X, the Rich Dad Poor Dad author says that patient investors will be rewarded with a multi-year bull cycle after the top crypto […]

The post ‘Biggest Crash in History Coming’: Rich Dad Poor Dad Author Says Bitcoin Set To Plunge Before Rallying Massively appeared first on The Daily Hodl.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

1930s-Style Debasement To Crush Savers and Pump Bitcoin and Stock Market, According to Arthur Hayes

July 3, 2024 The Daily Hodl

Arthur Hayes

BitMEX co-founder Arthur Hayes thinks upcoming fiat currency debasement will drive up the prices of Bitcoin (BTC) and stocks. In a new analysis, the crypto veteran says he’s confident the economy is in a new inflationary cycle and BTC will “regain its mojo.” Hayes cites projections from the Congressional Budget Office (CBO), which estimated that […]

The post 1930s-Style Debasement To Crush Savers and Pump Bitcoin and Stock Market, According to Arthur Hayes appeared first on The Daily Hodl.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Roaring Kitty GME class action lawsuit dropped after 3 days

July 2, 2024 Coin Telegraph

Coin Telegraph

A GameStop investor who accused Roaring Kitty of committing securities fraud has voluntarily dropped the complaint "without prejudice" meaning he can file another similar lawsuit again in the future.

A GameStop (GME) investor who sued Keith ‘Roaring Kitty’ Gill over alleged securities fraud has dropped his lawsuit just three days after filing it.

Plaintiff Martin Radev dropped the suit on June 1 after submitting a voluntary motion to dismiss in the Eastern District Court of New York.

It’s not clear why the lawsuit was dropped so quickly and the law firm representing Radev — Pomerantz Law — did not immediately respond to Cointelegraph’s request for comment.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

$130,000,000,000,000 Capital Rotation Coming to Bitcoin, Stocks and Gold, According to Macro Guru Luke Gromen

June 26, 2024 The Daily Hodl

Bitcoin

Veteran macro investor Luke Gromen believes that tens of trillions of dollars will move away from the US bond market and into Bitcoin (BTC), gold and stocks. In a new Kitco NEWS interview, Gromen says that he sees liquidity being drained from the $130 trillion bond market. According to the macro guru, central banks around […]

The post $130,000,000,000,000 Capital Rotation Coming to Bitcoin, Stocks and Gold, According to Macro Guru Luke Gromen appeared first on The Daily Hodl.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

Price analysis 6/17: SPX, DXY, BTC, ETH, BNB, SOL, XRP, TON, DOGE, ADA

June 17, 2024 Coin Telegraph

ada

Bitcoin is facing intense selling pressure, but charts suggest strong support at $64,500 and again at $60,000.

The S&P 500 Index (SPX) has been trading near its all-time high, but Bitcoin (BTC) has gradually given up ground in the past few days. This suggests that supply exceeds demand in Bitcoin. According to Farside Investors data, spot Bitcoin exchange-traded funds have seen outflows for four of the five days since June 10.

However, analysts point out that long-term investors have not panicked and continue buying. Market intelligence firm Santiment shows that the number of wallets with 10 BTC or more has hit 16.6 million, the highest level since June 2022.

Although Bitcoin looks weak in the near term, it remains stuck inside a range and is likely to witness buying at the support. The longer the time spent in a range, the greater the force needed for the price to break out from it.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

DeFi Technologies adopts Bitcoin treasury strategy

June 10, 2024 Coin Telegraph

bitcoin adoption

The publicly listed Canadian company announced the purchase of 110 BTC and repayment of $5 million in debt by its subsidiary, Valour.

DeFi Technologies, a publicly listed exchange-traded product (ETP) provider and venture capital firm, announced its decision to adopt Bitcoin (BTC) as the company’s primary treasury reserve asset.

In its monthly corporate report, the company also announced that its subsidiary, Valour, repaid $5 million in loans and currently has $607 million in assets under management as of May 31, 2024.

Following the announcement, the price of DeFi Technologies' shares rose on Canadian stock exchanges and U.S. over-the-counter (OTC) exchanges. Its shares are currently trading at around $1.57 on U.S. OTC exchanges, up from the previous session's trading range of $1.16 to $1.40.

Microstrategy to Issue Additional Shares to Fund Bitcoin Purchase

New York Stock Exchange-backed Bakkt considers sale — Report

June 7, 2024 Coin Telegraph

Coin Telegraph

Insiders, who spoke to Bloomberg, say a breakup of the company, a sale, or the decision to maintain its current structure are all on the table.

Bakkt, a crypto platform launched by the parent company of the New York Stock Exchange (NYSE), is reportedly considering the sale of the firm or breaking up the company into smaller entities, insiders told Bloomberg.

The board may also choose to maintain Bakkt's current structure and forego a sale or a breakup of the company altogether, the sources explained to the outlet.

News of the potential sale followed several high-profile acquisitions and takeover offers in the crypto space, including Robinhood's acquisition of the Bitstamp exchange and Coreweave's unsolicited offer to buy out Bitcoin miner Core Scientific.

Stocks

Share this video