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31 December

BlackRock Bitcoin ETF Hits $50B Milestone in Record-Breaking 11 Months

In an extraordinary display of investor enthusiasm, BlackRock’s Bitcoin exchange-traded fund (ETF) has surged to $50 billion in assets under management (AuM) just 11 months after its launch. The milestone underscores growing mainstream acceptance of Bitcoin as a viable asset class and highlights the role of institutional players in driving the cryptocurrency market forward. The Launch That Changed the Game …

31 December

MicroStrategy’s Bitcoin Gamble Wobbles: Shares Plunge 46% from Peak

MicroStrategy, the business intelligence firm famously led by Michael Saylor, is facing turbulence as its stock price has tumbled 46% since its November peak. The dramatic decline comes amid mounting concerns over the company’s bold Bitcoin strategy, which has made it a high-profile player in the cryptocurrency space. The Bitcoin Bet Since August 2020, MicroStrategy has aggressively invested in Bitcoin, …

30 December

Strengthening the Indian Economy in 2025: Key Insights from the RBI Report

The Reserve Bank of India (RBI) has released its Financial Stability Report, which highlights that the Indian economy and domestic financial system are built on a strong economic foundation. The healthy balance sheets of companies and banks, coupled with the decades-high levels of Return on Assets (ROA), have strengthened the economy. Key Points from the Report: Bank Stability: Scheduled commercial …

30 December

“Bitcoin’s Record-Breaking Year Ahead: Galaxy Research Predicts $185K”

Bitcoin (BTC), the world’s largest cryptocurrency, is set to reach new heights in 2025, with Galaxy Research predicting it will “test or best” $185,000 by the fourth quarter of the year. Ether (ETH), the second-largest cryptocurrency, is also forecasted to surpass $5,500 within the next 12 months, according to the report. Alex Thorn, head of research at Galaxy, noted that …

30 December

“Bitcoin’s 2025 Price Forecast: Could It Hit $400,000?”

Bitcoin’s price trajectory for 2025 could range from $150,000 to $400,000, according to Blockware Solutions. These predictions depend largely on U.S. government policies, decisions from the Federal Reserve, and the pace at which corporations adopt Bitcoin. Blockware Solutions has presented three potential scenarios based on varying macroeconomic conditions and adoption trends. In the worst-case scenario, Bitcoin could see a modest …

30 December

“Bitcoin Dips Below $94K: Bears Take Control as Market Sentiment Shifts”

Bitcoin’s price dropped below $94,000 on December 29, 2024, after hitting an all-time high of $108,000 on December 17. Over the past 24 hours, Bitcoin has experienced a slight 1.29% dip and a 2.67% decrease over the past week. Currently, the cryptocurrency is trading well below its 20-day exponential moving average (EMA) but is nearing its 50-day EMA, with prices …

30 December

“Ethereum NFTs Hit $186M in Weekly Trading, Powered by Pudgy Penguins”

Ethereum’s NFT trading volume surged to $186 million last week, marking a 67% increase from the previous week’s $111 million. This surge in activity represents the highest volume seen in the past three months. A major driver behind this rise was the Pudgy Penguins collection, which saw a significant boost following the launch of its $PENGU token. The Pudgy Penguins …

30 December

“2024 Stock Market Highlights: A Year of Resilience and Record Breaks”

Stocks are closing out 2024 near record highs. Over the past 12 months, the Nasdaq Composite (^IXIC) has surged by more than 31%, and the S&P 500 (^GSPC) has climbed over 25%. In comparison, the Dow Jones (^DJI) has posted a more modest gain of 14%. Despite recent market declines, investors remain optimistic about the future, fueled by significant headlines …

30 December

“Crypto Surge in 2024: Bitcoin Doubles in Value as Trump Support Grows”

The global cryptocurrency market has surged by nearly $1.7 trillion in 2024, driven by a wave of optimism following Donald Trump’s election victory. As of December 30, the combined value of all digital currencies reached $3.29 trillion, a significant rise from $1.6 trillion in January. Bitcoin, in particular, benefited from this surge, with the so-called “Trump bump” pushing it past …

30 December

“Bitcoin and Ether Forecast to Hit Record Highs in 2025, Galaxy Research Predicts”

Bitcoin (BTC), the world’s largest cryptocurrency, is expected to reach new all-time highs next year, with predictions that it will “test or surpass” $185,000 by the fourth quarter of 2025, according to a recent report by Galaxy Research. Ether (ETH), the second-largest cryptocurrency, is also expected to rise above $5,500 within the next 12 months, the report revealed. Alex Thorn, …