Bitcoin, cryptocurrency
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Bitcoin Tops $118,000 for 1st Time
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The double-leveraged XXRP ETF rallied 55% over the last week ahead of the ProShares XRP ETF launch, matching Bitcoin ETFs. A high-profile ETF filing from the Trump Media & Technology Group has added to the buzz around crypto funds during the week.
Charles Hoskinson's bold Bitcoin forecast points to a $250K target, driven by the GENIUS and CLARITY Acts and rising institutional crypto adoption.
Fueled by Trump’s pressure on the Fed and a tidal wave of investor optimism, the world’s most famous cryptocurrency is on an unstoppable run.
Despite Bitcoin maintaining a steady grip on the market, altcoins are experiencing price surges, suggesting ample room for further upside.
Bitcoin surpasses $118K as whales stay quiet and exchange inflows fall to decade lows, signaling low pressure.
Investors are betting that a slew of long-sought policy wins for the industry, expected next week, could invite new investment in the asset class.
BlackRock, which manages around $10 trillion worth of assets for investors, spearheaded Wall Street’s campaign to bring a long-awaited spot bitcoin ETF to market in 2023, with a fleet of funds debuting in January 2024 that now hold 1.2 million bitcoin worth around $140 billion.
More than $560 million in crypto positions—mostly shorts—were liquidated in just one hour, with Bitcoin alone accounting for $425 million. A textbook short squeeze is unfolding as BTC rockets past $116,