Worksport (WKSP), a tiny Nasdaq-listed maker of covers for pickup truck beds, has added its own twist to the newly popular corporate strategy of buying bitcoin that was introduced and made famous by Michael Saylor's MicroStrategy (MSTR). The New York-based company, which has a $20 million market capitalization, is investing [...]
Bitcoin (BTC), Federal Reserve Chair Jerome Powell said yesterday, is not a competitor of the U.S. dollar but to gold. Not only did the largest cryptocurrency by market capitalization soar through $100,000 during Asia trading hours, reaching a record $104,000, it's also at an all-time high when priced in gold, [...]
Having long lagged behind bitcoin (BTC) in terms of price action, ether (ETH) saw some solid gains on Wednesday, rising 8% to over $3,880 in the last 24 hours. The second largest cryptocurrency’s price benefitted from $800 million worth of shorts closing their positions, according to Tom Dunleavy, a partner [...]
After the election, as everyone except for muggles know, the price of BTC rallied to all time highs (ATH) just short of $100,000. At the time of this writing, it’s hovering around $98,000. An interesting question then is: what happened to Michael Saylor’s MicroStrategy (MSTR) during this period? The publicly [...]
Digital Currency Group (DCG) owned mining pool Foundry has laid off 16% of its U.S.-based employees and a "small team in India." “We are continuously refining our strategy to ensure long-term success and growth in a dynamic market," a spokesperson said in an email. "We recently made the strategic decision [...]
The analyst who co-wrote this piece owns shares of MicroStrategy (MSTR). Despite all the weird memecoins and degen behavior in 2024, ETFs are in the running for story of the year in cryptocurrency investing. And that story — which began when bitcoin and ether exchange-traded funds debuted to great fanfare [...]
Human beings are emotional, and that's especially so in crypto markets. Round numbers are idolized much more than in traditional finance, and investors and traders are susceptible to panic-selling if price gains stall near a number with several zeros at the end. At the same time, some traders look to [...]
Bitcoin (<a href="https://www.coindesk.com/price/bitcoin/ " target="_blank">BTC</a>) daily mining revenue and gross profit rose in November as the world's largest cryptocurrency hit record highs, but it is still about 50% below <a href="https://www.coindesk.com/tech/2024/04/20/bitcoin-blockchain-has-fourth-halving-in-15-year-history-in-show-of-monetary-policy-set-by-code" target="_blank">pre-halving</a> levels, JPMorgan (JPM) said in a research report Monday. "We estimate that bitcoin miners earned an average of [...]
XRP flipped a $100 billion market capitalization late Saturday as a multiweek rally showed no signs of pausing amid multiple catalysts over the past weeks. XRP zoomed nearly 10% in a 24-period from Friday to Saturday, reaching a local high of $1.92 to set prices previously seen in January 2018, [...]
Several fundamental and regulatory developments have pushed the <a href="https://www.coindesk.com/price/xrp" target="_blank">XRP price</a> to levels not seen since April 2021, with bulls now <a href="https://x.com/search?q=xrp%20%242&src=typed_query&f=top" target="_blank">eyeing the $2 mark</a> in a sign of renewed strength for the previously embattled token. XRP surged 14% in the past 24 hours, outpacing bitcoin and [...]
