United States Senator Cynthia Lummis’ plan to set up a strategic Bitcoin reserve won’t be enough to solve the country’s debt crisis, which has now swelled to $35 trillion, the president of the nonprofit think tank says.
“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity s...
“When Senator Cynthia Lummis of Wyoming talks about how a Bitcoin reserve could help us eliminate the federal debt, that’s an overselling of what Bitcoin could do,” Avik Roy, president of the Foundation for Research on Equal Opportunity s...
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What ETFs track the S & P 500 index?
When considering index investment strategies, especially for large-cap stocks in the U.S. stock market, Exchange-Traded Funds (ETFs) that track the Standard & Poor's 500 Index (S&P 500 Index) are a popular choice among many investors.
The $S&P 500 Index (.SPX.US)$was created by Standard & Poor's in 1957. It is a market-capitalization-weighted index that incl...
When considering index investment strategies, especially for large-cap stocks in the U.S. stock market, Exchange-Traded Funds (ETFs) that track the Standard & Poor's 500 Index (S&P 500 Index) are a popular choice among many investors.
The $S&P 500 Index (.SPX.US)$was created by Standard & Poor's in 1957. It is a market-capitalization-weighted index that incl...
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Recap: S&P 500 Recent Performance: November 1–17, 2024
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts. November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated...
The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ has demonstrated strong gains this year, but November has seen mixed momentum: November 1–8: The index surpass past 6,000 (ATH: 6017🥳🥳🥳), supported by solid earnings reports, improved consumer sentiment, and optimism about future Federal reserve rate cuts. November 11–17: The $S&P 500 Index (.SPX.US)$ $SPDR S&P 500 ETF (SPY.US)$ retreated...
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Bitcoin $Bitcoin (BTC.CC)$ launches into a new week inches from fresh all-time highs after sealing its best-ever weekly close.
– Bitcoin traders see price discovery returning in the coming week while eyeing levels toward $80,000 as a “buy the dip” opportunity.
– The weekly close set another record, but November 2024 remains nothing out of the ordinary for BTC price action.
– Markets are diverging over how the Federal Reserve will handle a brewing “stagflation” sag...
– Bitcoin traders see price discovery returning in the coming week while eyeing levels toward $80,000 as a “buy the dip” opportunity.
– The weekly close set another record, but November 2024 remains nothing out of the ordinary for BTC price action.
– Markets are diverging over how the Federal Reserve will handle a brewing “stagflation” sag...
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Bitcoin was fighting for the top of its range on Nov. 13 after a brief spike above $90,000 marked a new all-time high.
Bitcoin price needs to “slow down the pace”
Data from Cointelegraph Markets Pro and TradingView confirmed a new record Bitcoin $Bitcoin (BTC.CC)$ price of $90,240 on Bitstamp into the latest daily close. After multiple attempts to crack the $90,000 level, bulls ultimately succeeded— but only briefly.
Volatility ...
Bitcoin price needs to “slow down the pace”
Data from Cointelegraph Markets Pro and TradingView confirmed a new record Bitcoin $Bitcoin (BTC.CC)$ price of $90,240 on Bitstamp into the latest daily close. After multiple attempts to crack the $90,000 level, bulls ultimately succeeded— but only briefly.
Volatility ...
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Donald Trump’s election victory in the United States is unlikely “the main story” behind Bitcoin’s recent pump — with an analyst pointing instead to a post-halving supply shock.
“If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a post on X on Nov. 11.
“The main story he...
“If you’re wondering what’s happening with #Bitcoin… Yes, the incoming Bitcoin-friendly administration has provided a recent catalyst… But, that’s not the main story here,” said Onramp Bitcoin co-founder Jesse Myers in a post on X on Nov. 11.
“The main story he...
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Bitcoin traders who bet on an election-induced price decline have been liquidated to the tune of $180 million as the cryptocurrency shattered its previous all-time high and briefly hit $75,000.
“The spot market is flying, and shorts are getting rekt,” Pav Hundal, lead analyst at crypto exchange Swftyx told Cointelegraph. “Traders are betting that the crypto summer is back, and it’s almost all buy action on our order books right now.”
Bitcoin...
“The spot market is flying, and shorts are getting rekt,” Pav Hundal, lead analyst at crypto exchange Swftyx told Cointelegraph. “Traders are betting that the crypto summer is back, and it’s almost all buy action on our order books right now.”
Bitcoin...
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Crypto market liquidations almost hit $350 million as Bitcoin briefly dipped below $69,000, with traders seeming jittery in the lead-up to the United States presidential election on Nov. 5.
In all, $349.8 million was liquidated across $259.7 million long bets and $90.1 million short bets on Nov. 3, according to CoinGlass. It was the biggest day of liquidations since Oct. 25, when Bitcoin $Bitcoin (BTC.CC)$ ailed to sustain a rally past $70,...
In all, $349.8 million was liquidated across $259.7 million long bets and $90.1 million short bets on Nov. 3, according to CoinGlass. It was the biggest day of liquidations since Oct. 25, when Bitcoin $Bitcoin (BTC.CC)$ ailed to sustain a rally past $70,...
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Five months ago, I published "Taking a Clear Stand to be Bullish on Alibaba". At that time, I thought it was Alibaba's Normandy moment. Some of the predictions inside have now come true. If you had bought Alibaba at that time, there could be a nearly 50% increase by now at the highest. As of now, I still stick to my judgment at that time. If there is a major bull market in Hong Kong stocks later, and if it is really as major investment banks and the media say...
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BlackRock’s spot Bitcoin exchange-traded fund (ETF) recorded its biggest day of inflows since its launch in January as crypto markets surged.
On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data. This marked the highest inflow day for IBIT since its launch on Jan. 11.
13 days of consecutive inflows for IBIT
The figure has surpassed IBIT’s previous high of $849 million set on...
On Oct. 30, BlackRock’s spot Bitcoin ETF (IBIT) recorded inflows of $875 million, according to CoinGlass data. This marked the highest inflow day for IBIT since its launch on Jan. 11.
13 days of consecutive inflows for IBIT
The figure has surpassed IBIT’s previous high of $849 million set on...
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