Steven Larsen talks about the bullish thesis for bitcoin as the U.S. government establishes a strategic reserve. He says the cryptocurrency needs to establish a base case for how it will play a role in the government moving forward.
The latest inflation report was, thankfully, slightly better than expected. The Consumer Price Index rose 2.8% annually in February, less than the 3% that some economists were estimating.
CoreWeave, which provides computing power for A.I., was founded by three Bitcoin enthusiasts.
Crypto-centric stocks like NVDA, HOOD, IBKR and V are poised to benefit when the next Bitcoin rally resumes.
The cryptocurrency market is officially crashing as marketwide bearish sentiment triggers a sell-off among speculators. While the current cryptocurrency crash has been bad news for tokens and blockchain stock values, some investors are taking it as an opportunity to add high-tech holdings to their portfolios.
Get a jump start on the US trading day with "Bloomberg Open Interest". Matt Miller, Katie Greifeld and Sonali Basak.
It stands to reason that cryptocurrency miners, including those residing in exchange traded funds such as the CoinShares Valkyrie Bitcoin Miners ETF (WGMI), play important roles in affecting bitcoin prices. After all, these companies accumulate bitcoin through their mining activities and there are times when they are sellers.
Bitcoin's BTC/USD tumble below $80,000 sent shockwaves through crypto-related stocks on Monday, with names like Coinbase Global Inc COIN, Robinhood Markets Inc HOOD, MARA Holdings Inc MARA and Riot Platforms Inc RIOT all taking a hit in early trading.
The RUT closed down 4% while the SPX and NDX each shed more than 3% in a turbulent week on Wall Street. The SPX hovered near its 200-day SMA in the back half of the week as investors digested uncertainty surrounding tariffs.
Rosenblatt analyst Chris Brendler initiated coverage on Coinbase Global COIN with a Buy rating and a price target of $305.
“I think Google realizes that this is a once-in-a-generation chance to reinvent the search experience”
Cryptocurrencies surged Sunday after the White House announced plans for a crypto summit while disclosing the assets that would make up a potential U.S. crypto strategic reserve. Those are bitcoin, ether, XRP, solana and cardano.