In a volatile May when S&P BSE Sensex has slipped 566 points or 0.75%, silver has outsmarted not just the headline index but also its shinier peer gold, and Bitcoin. The white metal has jumped by nearly 11.29% or over Rs 9,580 per kg in this month so far as its industrial appeal returns along … Read more
At a conference in Manhattan last week, a few hundred people gathered to hear luminaries of the cryptocurrency industry and executives from the likes of BlackRock and Fidelity discuss Bitcoin’s march into the investing mainstream this year. However, it was another token that kept coming up in the conversations: a newer cryptocurrency best known for … Read more
Amid reports that people in Argentina are buying Bitcoin to protect themselves from inflation, billionaire banker Uday Kotak today wondered whether the cryptocurrency is better than the Argentinian peso with 276% inflation. “When countries manage macro badly, savers move to protect the value of their savings. Traditionally it was gold. Now bitcoin too! While I … Read more
Bitcoin hitting all time highs and boasting a staggering 12-month return of 200% has made headlines all around the world. Has any other asset outperformed Bitcoin during the same time? Ladies and Gentlemen, let me present to you MicroStrategy (MSTR); its price has skyrocketed with a remarkable 12-month return of 600%. The financial world stands … Read more
SINGAPORE – Bitcoin headed for its biggest monthly gain in more than three years on Thursday and is within range of a record high as cash rushing to listed bitcoin funds propels a strong rally. The largest cryptocurrency by market capitalisation was firm in Asia morning trade at $62,000, having changed hands at as high … Read more
Bitcoin is on course to advance for a fifth straight month in what would be the token’s longest such winning streak since a pandemic-era rally oiled by easy money. The largest digital asset has risen about 2% in January, a month of pronounced swings sparked by the rollout of the first US spot Bitcoin exchanged-traded … 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 Securities and Exchange Commission (SEC) has approved the first batch of exchange-traded funds (ETFs) based on Bitcoin to be listed in the US. This move not only gives US investors easier access but also stronger and regulated crypto market. But what does this mean for Indian investors? Is it possible to invest in a … Read more
Smaller, lesser-known digital currencies are outperforming Bitcoin after the breathtaking surge by the market bellwether in recent weeks. Cardano surged as much as 30% on Friday, while Solana gained about 8% and Avalanche increased 12%. Meanwhile, Bitcoin was up about 2% and Ether was down around 1%. Combined, the two largest tokens account for about … Read more
The crypto market is witnessing its best performance since May 2022, with Bitcoin and Ethereum breaching the $41,000 and $2,200 marks, respectively. The latest rally has taken the total crypto market cap to the $1.54 trillion, a 2023 high. Experts say the growing confidence in the crypto market has been fuelled by expectations of the US … Read more