Bitcoin reached $17,000 amid hopeful U.S. jobs reports
Better-than-expected December jobs report had Bitcoin touching $17,000 for the first time in 2023. While the crypto market response to the data was slower and less dramatic than the stock and bond assets, the bullish trend continued into Monday morning.
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Nov. 14, 2024
Strategic Bitcoin Reserve Has Precedent in Other Big U.S. Government Purchases: Michael Saylor
Michael Saylor believes the U.S. government should and will build a strategic reserve of bitcoin. If a bill by Sen. Cynthia Lummis (R-Wyo.) becomes law, it would be the "greatest deal of the 21st century," he said. The idea of strategic stockp...
Markets
Nov. 14, 2024
Fed Chair Jerome Powell's Hawkish Comments Throw Some Cold Water on Crypto
It's hardly a blip on the charts after the major run higher following the election of Donald Trump, but crypto markets did turn somewhat lower late in the U.S. trading day Thursday after a speech from Federal Reserve Chairman Jerome Powell. "The...
Markets
Nov. 14, 2024
First Mover Americas: Bitcoin Trades Around $91K as ETF Inflows Remain Strong
This article originally appeared in First Mover , CoinDesk’s daily newsletter, putting the latest moves in crypto markets in context. Subscribe to get it in your inbox every day . Latest Prices CoinDesk 20 Index: 2,668.37 ...
Markets
Nov. 14, 2024
What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin, a Lot Better: Van Straten
The traditional 60/40 portfolio, which ensures growth from equities and bonds that helped manage risk, was the perfect vehicle for the analog economy. Adding bitcoin to a 60/40 portfolio increases the returns as the allocation increases. It m...
Markets
Nov. 14, 2024
U.S. ETF Inflows Hit $4.7B Over 6 Days as Bitcoin Becomes 7th-Largest Asset in the World
Bitcoin has become the seventh largest asset on the planet, recently surpassing Saudi Aramco Bitcoin dominance continues to make new highs, recently touching 61.38% U.S. spot-listed ETFs see over $4.7 billion in net inflows in the past six tra...
Markets
Nov. 14, 2024
Institutions Go All In on Crypto: Sygnum Survey Reveals 57% Respondents Plan to Boost Allocations
57% of institutional investors in Sygnum's 2024 survey plan to boost crypto allocations amid the bull run. 65% of respondents are bullish long-term as bitcoin hits new highs. 69% see regulatory clarity, but asset volatility remains a key conce...