Hedge fund manager Mark Yusko is predicting bitcoin will more than double this year to $150,000. “Get off zero,” the Morgan Creek Capital Management CEO and chief investment officer told CNBC’s “Fast Money” this week. Yusko thinks investors should have at least 1% to 3% allocated to bitcoin in their portfolios. “Bitcoin is the king. … Read more
Bitcoin reversed higher on Wednesday as investors took a pause from the recent pullback and weighed the Federal Reserve’s latest policy decision. The price of the flagship cryptocurrency was last higher by 1% at $65,381.29, according to Coin Metrics. Earlier in the day, it fell as low as $60,793.60. Cryptocurrencies cut earlier losses at the … Read more
Bitcoin extended its slide on Tuesday, dropping more than $10,000 from its all-time high last week. The flagship cryptocurrency was last lower by 4% at $64,061.09, according to Coin Metrics. Earlier it fell to as low as $62,320.30, after reaching a record of $73,679 last week. “As ETFs buy up available supply of bitcoins on … Read more
Jaap Arriens | NurPhoto | Getty Images The price of bitcoin rose to start the week, edging even closer to its all-time high after the rally took a breather over the weekend. The flagship cryptocurrency was last higher by nearly 6% at $66,515.50, according to Coin Metrics. Earlier, it rose to as much as $66,617.06, … Read more
The bitcoin halving is an event that happens roughly every four years where rewards to miners are cut in halve, effectively limiting supply of the token. S3studio | Getty Images Bitcoin, the world’s largest cryptocurrency by market cap, extended a rally in Asia trading on Tuesday, reaching a two-year high of over $56,000 and uplifting … Read more
Bitcoin. Nurphoto | Getty Images The price of bitcoin shot above the $54,000 level on Monday after waking up from a week of tepid trading. The flagship cryptocurrency was last higher by 5% at $54,384.81, according to Coin Metrics. At its session high, bitcoin hit $54,965.26 and reached its highest level since December 2021. “Today … Read more
An image of bitcoin and U.S. currencies is displayed on a screen during the Interpol World Congress in Singapore on July 4, 2017. Roslan Rahman | AFP | Getty Images Cryptocurrencies fell Tuesday amid a broader market sell-off following a hotter-than-expected CPI reading. Bitcoin was down 3% to $48,535.17, according to Coin Metrics. The day … Read more
Bitcoin rose in volatile trading Thursday after the Securities and Exchange Commission gave the green light for the first-ever spot bitcoin ETFs to trade in the U.S., as expected. The cryptocurrency was last up 1% at $46,289.15, according to Coin Metrics. Earlier, it punched above $49,000, reaching levels not seen since December 2021. Meanwhile, the … Read more
Anthony Scaramucci, founder and CEO of SkyBridge Capital, said Thursday that the U.S. Securities and Exchange Commission’s approval of the first spot bitcoin exchange traded funds should be viewed as a watershed moment for bitcoin. Speaking to CNBC’s Arjun Kharpal in the Swiss ski town of St. Moritz, Scaramucci said his New York-based hedge fund unexpectedly … Read more
Bitcoin surged to kick off 2024, topping $45,000 for the first time since April 2022 as investor confidence in a potential bitcoin exchange-traded fund approval continued to build. The world’s largest cryptocurrency hit an intraday high of $45,913.30 early Tuesday morning, according to Coin Metrics. That was its highest level since April 5, 2022, and … Read more