Bank of America’s recommendation is huge for Bitcoin and crypto — what does the future hold? | Credit: CCN Key Takeaways Bank of America’s recommendation that clients hold up to 4% in Bitcoin and other digital assets marks a significant step. The bank is lowering barriers for high-net-worth investors to gain crypto exposure through investment … Read more
Christopher Wood, the global head of equity strategy at Jefferies, has announced his intention to sell his Bitcoin holdings once the price reaches $150,000, which represents a 53% increase from current levels. Currently, Wood has allocated 10% of his global portfolio for a US dollar-denominated pension fund to Bitcoin. As of Friday, Bitcoin (BTC) reached … Read more
Bitcoin rallied past $80,000 for the first time, boosted by President-elect Donald Trump’s embrace of digital assets and the prospect of a Congress featuring pro-crypto lawmakers. The cryptocurrency climbed as much as 4.7% to an unprecedented $80,092 on Sunday. Trump vowed on the campaign trail to put the US at the center of the digital-asset … Read more
Bitcoin hit a new all-time high on Wednesday, surpassing the $73,000 mark as investors mostly shrugged off slightly hotter-than-expected U.S. inflation, betting it won’t derail interest rate cuts expected by the middle of the year. In the last 24 hours, Bitcoin jumped to an intraday peak of $73,127. It was last 0.9% higher at $72,920 … Read more
Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, … Read more
The crypto bloodbath has transformed a famous Bitcoin ETF that launched the most successful debut ever into one of the biggest losers for an issuer in their first two months of trading. With a 30% drop, the ProShares Bitcoin Strategy exchange-traded fund, ticker BITO, is now one of the 10 worst performers when looking at … Read more
Bitcoin (BTC) on Friday rose above the $60,000 level for the first time since April as investors celebrated the anticipated US SEC approval for trading of Bitcoin futures exchange traded fund (ETF) in the coming week. BTC’s daily high of $62,600 brought it within 4 per cent of its all-time high of $64,800 with its … Read more