Craig Johnson, Chief Market Technician at Piper Sandler, sees Bitcoin breaking out toward $130,000 and small/mid-caps outperforming post-election. He notes NVIDIA's reaction reflects high expectations, while Target may see further downside.
With bitcoin touching all-time highs again, investors are more confident that the latest bull run will be more sustainable compared to previous cycles, with subdued volatility as the crypto industry matures with increased institutional adoption.
Key Points: Given its recent dramatic and rapid ascent to $100,000, investors want to understand what's happening with Bitcoin.
An industry push to offer options trading on Bitcoin exchange-traded funds recently cleared some regulatory hurdles.
President-elect Donald Trump embraced digital assets during his campaign, promising friendly regulation and to accumulate a national stockpile of bitcoin.
Markets are reacting to the "Trump effect," with stocks and Bitcoin soaring, while Gold faces a correction due to geopolitical factors and dollar appreciation. Bitcoin has surged past its previous high, driven by optimism about Trump's pro-crypto stance and Elon Musk's involvement in the proposed government efficiency initiatives.
This weekly update tracks some of the largest cryptocurrencies by market share: bitcoin and ether. While both are considered to be high-risk when it comes to investing, the two have foundational differences that investors should know.
Bitcoin charged past the $90,000 level on Wednesday, as its relentless rally showed no signs of easing on expectations that Donald Trump as U.S. president and his administration will be a boon for cryptocurrencies.
Bitcoin has been hitting highs on "Trump Trade." However, traders have largely ignored questions about Trump's timeline for implementing his crypto agenda.
Most U.S. banks are not allowed to hold bitcoin directly. Despite this, CFTC data shows they are sitting on big post-election crypto gains.
Bitcoin rallied above $89,000 Monday, marking another record after the U.S. elections. Analysts say it's time to buy cryptos, but with caution.