Markets and Prices

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Bitcoin ETFs Break Trading Volume Record — Blackrock’s IBIT Now Holds Over 170K BTC

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Ten spot bitcoin exchange-traded funds (ETFs) shattered their trading volume record on Tuesday, reaching a staggering $10 billion. Blackrock’s Ishares Bitcoin Trust (IBIT) continues to dominate, surpassing $11 billion in assets under management (AUM) and accumulating over 170,000 bitcoins. Record Volume Day for Spot Bitcoin ETFs Ten spot bitcoin exchange-traded funds (ETFs) extended their record-breaking … Read more

Precious Metal Peaks — Gold Surpasses $2,140, Marking Historic Price High

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As bitcoin climbed beyond its previous 2021 peak, the value of an ounce of pure gold similarly hit a lifetime high on March 5. The globally acknowledged safe haven asset soared to $2,140 per ounce on Tuesday, marking a 4.97% increase against the U.S. dollar over the preceding week. Price of Gold Climbs to Unprecedented … Read more

Bitcoin Shatters Lifetime Price High Breaking the $69K Barrier

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On March 5, 2024, at 10:03 a.m. (ET), bitcoin’s value eclipsed its previous lifetime peak against the U.S. dollar, ascending beyond the $69,000 threshold on Tuesday. This breakthrough in valuation marks a new all-time high (ATH), occurring 846 days since bitcoin last reached the $69,000 mark on Nov. 10, 2021. From Uncertainty to Uncharted Heights: … Read more

Skybridge Founder Insists It’s ‘Still Very Early’ to Buy BTC — Sees Bitcoin as the New Berkshire Hathaway

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Skybridge Capital founder Anthony Scaramucci has insisted that it is “still very very early” to buy bitcoin. He likened the cryptocurrency to Warren Buffett’s company, calling it the “Berkshire Hathaway of the 21st century.” He opined: “It was never ‘too late’ to buy Berkshire stock. It is still very very early for bitcoin.” ‘Bitcoin Is … Read more

Bitwise CIO Says Bitcoin Could Top $200K This Year Citing ‘Too Much Demand, Not Enough Supply’

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Bitwise’s chief investment officer says bitcoin price could surge above $200K this year due to a “massive supply-demand dynamic,” emphasizing that “there’s too much demand and not enough supply” for the cryptocurrency. Predicting “an even bigger wave” of demand for bitcoin due to spot bitcoin exchange-traded funds (ETFs), he described: “It’s in a new era … Read more

Microstrategy to Buy More Bitcoin With Proceeds From $600M Convertible Note Sale

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Nasdaq-listed company Microstrategy is planning to sell $600 million in convertible senior notes and use some of the proceeds to buy additional bitcoin. Microstrategy now holds 193K bitcoin. The company’s executive chairman, the pro-bitcoin Michael Saylor, says bitcoin has become the world’s “most popular investment asset.” Microstrategy to Buy More Bitcoin Microstrategy Inc. (Nasdaq: MSTR) … Read more

Headband-Wearing ‘Alien Punk’ NFT Sells for $16 Million, Marking Second Highest Cryptopunk Sale

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As the value of cryptocurrencies continues to climb, the second-highest sale of a Cryptopunk non-fungible token (NFT) has been recorded at $16 million, as per onchain records. This sale significantly exceeds its previous purchase price of $7.67 million, which was just three years prior. Ethereum Sees Spike in NFT Transactions as ‘Alien Punk’ Cryptopunk #3,100 … Read more

Ethereum Technical Analysis: Bullish Market Sentiment Keeps ETH Above $3,500

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Ethereum’s price experienced a turbulent trading session on March 4, 2024, with significant intraday fluctuations marking the landscape. Despite the short-term volatility, underlying indicators and moving averages suggest a strong bullish trend over the long term. Ethereum The last 24 hours saw ethereum’s (ETH) price swing from $3,411 to $3,537, encapsulating the volatile nature of … Read more

Bitcoin Technical Analysis: BTC Hits $65K, Edging Closer to Peak Valuation

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In a powerful demonstration of resilience, bitcoin’s value climbed past the $65,000 mark on March 4, 2024, showcasing a significant upward movement from its 24-hour low of $61,769. This climb is supported by a robust trade volume of $42.41 billion and a market capitalization of $1.276 trillion, indicating increased trader optimism. Bitcoin The hourly chart … Read more

$1 Million per BTC by 2033: Predicting Bitcoin’s Price Trajectory Using the Power Law Model

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In an era where bitcoin’s value fluctuates wildly, a price model has emerged, offering a mathematical glimpse into its future price. The “Bitcoin Power Law,” suggests an interesting path for bitcoin’s price, rooted in the principles of algebra and natural laws. The model, representing a blend of science and finance, forecasts bitcoin’s journey to unprecedented … Read more