Markets
In the last few weeks, four firms have announced bitcoin purchases, while seven companies announced a strategy, but no acquisition. What to know: NYSE-listed Genius Group increased its bitcoin treasury to $35 million. Nasdaq-listed Ming Shing bought BTC worth $47 million.…
The combined supply of top four stablecoins has stabilized with barely any change over the 30-day period. What to know: The combined supply of top four stablecoins has stabilized with barely any change over the 30-day period. That starkly contrasts the…
The selloff in stocks and cryptocurrencies could mean Donald Trump's inauguration will less likely be a sell the news event, K33 Research said. What to know: Bitcoin added to overnight gains following soft U.S. PPI data, continuing its bounce from Monday's…
Gary Gensler has described crypto as the Wild West and one observer said markets are likely to see just that under new leadership in D.C. What to know: The spot bitcoin ETFs have exceeded all expectations in their first year of…
Fundstrat's head of research, Tom Lee, calls for a potential short-term drawdown but remains bullish regarding the end-of-year target. What to know: Fundstrat's Head of research Tom Lee, calls for end of year target for bitcoin between $200,000 to $250,000 Tom…
Banking giant Intesa Sanpaolo, which has a market cap of $73 billion, has made its first crypto purchase. What to know: Italy's largest bank by assets, Intesa Sanpaolo, has purchased 11 BTC worth $1 million. Intesa set up a proprietary trading…
Options linked to BlackRock's spot bitcoin ETF (IBIT) began trading on Nov. 19 and have since grown to half the size of Deribit's BTC options market. What to know: Notional open interest in IBIT options stood at $11 billion on Monday.…
BTC's latest price action seems to contrast sharply with the uptrend exhaustion observed at record highs above $108K in mid-December. What to know: BTC's swift recovery from $89K Monday hints at seller exhaustion. The pattern is inverse of price action in…
Capital Group is also the second-largest shareholder in MicroStrategy, trailing only Michael Saylor. What to know: Investment manager Capital Group, with $2.3 trillion in assets under management, has become a 5% shareholder in Metaplanet. The company is also the second largest…
During a presentation in Orlando on Monday, Saylor told executives to invest in bitcoin instead of bonds, which he labeled as "toxic." What to know: MicroStrategy increased its bitcoin holdings for the tenth consecutive week, buying 2,530 tokens for $243M. The…
When bitcoin typically puts in these many consecutive positive adjustments it has marked near cycle tops and bottoms. What to know: Bitcoin difficulty adjusts positively for the eighth consecutive time in a row as the hashrate rises. The last two times…
Risk assets trade weak as investment banks pare back Fed rate cuts in the wake of Friday's hotter-than-expected U.S. jobs report. What to know: Friday's nonfarm payrolls report has prompted investment banks to scale back Fed rate cut bets. BofA said…