XRP, the native token of the XRP Ledger network closely related to Ripple, surged to a six-year high on Wednesday as bitcoin (BTC) rallied to $100,000, with traders encouraged by this morning’s highly-anticipated U.S. CPI inflation data report. The token…
The analyst who wrote this piece owns shares of MicroStrategy (MSTR). Since MicroStrategy (MSTR) became a bitcoin treasury company in August 2020, it has used three primary instruments to acquire bitcoin (BTC): cash on hand, at-the-market (ATM) offerings and convertible…
XRP’s price is cruising around $3.26 to $3.30 over the last hour, reflecting an 18% gain over the past 24 hours. During this period, trading volume more than doubled to $25.67 billion, while market capitalization swelled to $187.28 billion. The…
Boerse Stuttgart, one of Germany’s top stock exchanges, has seen its cryptocurrency trading business explode in recent years to now account for approximately 25% of its overall revenue, a company spokesperson confirmed. While not revealing the exact cryptocurrency trading volume,…
While headline inflation came in faster than hoped in December, investors for the moment are in buy mode after an unexpected decline in the year-over-year core rate. The closely-watched Consumer Price Index (CPI) increased 0.4% in December, slightly higher than…
Bitcoin (BTC) and other digital assets have dropped as part of a wider macro-driven sell-off in the market and there is a risk that forced selling could lead to further weakness, investment bank Standard Chartered said in a report on…
Bitcoin (BTC) adoption by U.S.-listed public companies continues in full steam. The latest purchase comes from NYSE-listed Genius Group (GNS). On Jan. 10, GNS reported increasing its bitcoin holding to $35 million, which was ahead of its scheduled target of…
Bitcoin’s (BTC) rapid recovery from below $90,000 since Monday hints at bullish prospects. However, one factor casts doubt on the sustainability of these gains, indicating scope for significant downside volatility if the impending U.S. inflation data comes in hotter-than-expected on…
Crypto prices bounced from Monday’s wipeout with bitcoin (BTC) rising as high as $97,300 on Tuesday as traders eyed the latest batch of U.S. inflation data with more to come tomorrow. The largest crypto’s dip below $90,000 yesterday was quickly…
To say that the spot bitcoin exchange traded funds (ETFs) exceeded expectations in their first year on the market is an understatement at best. Instead, it might be more accurate to say that they’ve shocked the industry to its core.…