Bitcoin Billionaires Are Racing to Ride a 3,000% Crypto Boom
Some of the most prominent early investors in Bitcoin are squaring off again. This time they are seeking to capitalize on a massive rally in the yearโs standout major cryptocurrency.
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Some of the most prominent early investors in Bitcoin are squaring off again. This time they are seeking to capitalize on a massive rally in the yearโs standout major cryptocurrency.
JPMorgan Asset Management has included Bitcoin in its long-term capital market assumptions for the first time, forecasting returns that could beat stocks, bonds and gold in a milestone for its Wall Street acceptance.
Bitcoin closed at US$82,046 on Friday 16 October, down 0.61% on the week, while Coinbase fell 5.79% and Strategy 9.56% in a tech selloff. The post Bitcoin Slips 0.6% on the Week to US$82,046 | Crypto, Oct 16 appeared first on The Rio Times.
Bitcoin fell as much as 2.3% toward the lower end of its recent trading range, caught in a broader retreat from risk assets even as crypto analysts have turned sharply more bullish on the token.
Strategy Inc.โs Michael Saylor is declaring an end to the past yearโs crypto market rout and predicting that Bitcoin is set to break $100,000 again.
State bitcoin holdings reached 7,801 coins on 11 October, about US$647 million, as a rights group asks who donated them under the IMF deal. The post El Salvador Adds 38 Bitcoin as Donor Questions Grow appeared first on The Rio Times.
Bitcoin closed Friday at US$82,123, down 2.8% on the week, while ether lost 6.8% to US$2,488 as oil, rate fears and Iran tensions weighed. The post Bitcoin Ends Week 2.8% Lower at US$82,123; Ether Falls 6.8% | Crypto, Oct 9 appeared first on The Rio Times.
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Strategy Inc. returned to profitability for the first time in four quarters after registering an unrealized gain from an increase in the value of its Bitcoin holdings during the late summerโs rally in the cryptocurrency.
Bitcoin settled at US$85,206, up 0.42%, as US payrolls rose only 29,000. For Brazil, Argentina and El Salvador, stablecoins still dominate. The post Bitcoin Gains 0.4% to US$85,206 as US Jobs Miss | Crypto Report, Oct 2 appeared first on The Rio Times.