Shiba Inu Charts Double Bottom at Key Support – Boosted by New Coinbase Derivatives Listing DailyCoin
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Dogecoin price boosted by pivotal support – Analysis – 15-12-2025 Economies.com
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GameStop has reported an increase in revenue thanks to its $528 million Bitcoin holdings. This has helped in reducing its losses in Q2, despite ongoing revenue challenges. Bitcoin Investment Lifts GameStop’s Balance Sheet In its latest report, GameStop disclosed a boost in its revenue, minimizing previous losses. This comes after the purchase of $500 million
The post GameStop’s Revenue Boosted by $528M Bitcoin Stash, Reports Minimal Q2 Loss appeared first on CoinGape.
]]>Analysts Warn Cardano (ADA) May Fall Behind to This Audited AI Token, Its CoinMarketCap Partnership Boosted Massively Its Presale Pace CoinCentral
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Cardano (ADA) Surges 11.80% in Week, Boosted by Blockchain Upgrades AInvest
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Cardano’s ADA Surges 25.5% in Week, Boosted by Card Launch AInvest
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- Bitcoin’s upward trajectory follows Donald Trump’s presidential win last week
- Over the past 30 days, Bitcoin has increased in value by more than 30%
- Institutional interest is rising with Bitcoin ETFs, noted by BlackRock’s IBIT ETF reaching $1.12 billion in daily inflows
Bitcoin has hit another record, reaching over $82,000 on Monday, boosted by Donald Trump’s re-election to the White House last week.
According to data from CoinMarketCap, Bitcoin’s value has risen more than 19% in the past seven days and 30% over the past 30 days. Taking to X, Anthony Pompliano, host of the Pomp podcast, said:
“The first pro-Bitcoin President was elected in US history and Bitcoin hit $80,000 within a week. The market is preparing itself.”
The first pro-bitcoin President was elected in US history and bitcoin hit $80,000 within a week.
The market is preparing itself.
— Anthony Pompliano
(@APompliano) November 10, 2024
While Trump’s win has helped push crypto prices up, many don’t think it’s the sole reason. In response, Sleep Money Maker said: “Think bigger than one week or one event. We’re watching decades of regulatory friction starting to dissolve. When barriers fall, capital flows – that’s just market physics in action.”
Speaking to CoinJournal last week, James Toledano, COO at Unity, a self-custody crypto wallet, said it was “disingenuous” to say the US election directly caused the price increase.
In the long-term, it won’t be the election that moves the crypto market, but “broader macroeconomic events, technological advancements, shifting market sentiment, and factors outside of the next President’s control,” Toldeano explained.
Institutional appetite for Bitcoin is rising
Institutional interest in Bitcoin has also reached new levels, noted by BlackRock’s iShares Bitcoin Trust (IBIT) exchange-traded fund (ETF) bringing in a record $1.12 billion in daily inflows. This followed BlackRock setting a new record in October when its total assets reached $30 billion in 293 days.
Speaking of the recent price rally, Toledano, said:
“There is clearly heightened confidence in Bitcoin as a key investment vehicle and institutional investors are not only recognizing Bitcoin’s resilience as an asset class but are increasingly allocating capital in response to favorable macroeconomic conditions, including recent rate cuts and political shifts.”
Other coins that are rallying include Ethereum, trading over $3,100, Solana, at $216, and Dogecoin, up nearly 158% in the past month at $0.2877.
Eli Lilly and Company (NYSE:LLY) Holdings Boosted by Cardano Risk Management B.V. Defense World
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Nvidia became the third company to enter the $3 trillion club, leaving behind Apple to set its position as the second-largest U.S. stock exchange-listed company. Nvidia (NVDA) share price hit a new all-time high of 1,224.50 and triggered bullish signals for technology stocks and Bitcoin and AI coins. Is Bitcoin rally to $100,000 more likely after Nvidia’s giant leap?
Analyst Says Nvidia Rally Strengthened Bitcoin $100K Move
Markus Thielen, CEO of 10XResearch, on June 6 said a massive surge in Nvidia share price hints at high odds of Bitcoin price hitting $100K. He further bolstered his earlier prediction that BTC price is expected to hit a new all-time high by next week.
Since a rise in the correlation between Bitcoin and US markets due to ongoing mainstream adoption, Nvidia and BTC prices have moved almost similarly. Markus Thielen believes a breakout of $70,568 has set Bitcoin on a path to hit $100K.
NVDA price trading at 1,237.21, up 1.05% in a pre-market rally on Thursday. The price soared over 32% in a month and 154% year to date. Analysts at Bank of America raised their price for Nvidia stock to $1,500 from the previous NVDA price target of $1,320.
This shift underscores the growing investor enthusiasm for companies at the forefront of the artificial intelligence (AI) revolution.
Also Read: Cardano, Shiba Inu, Jasmy Grabs Interest Of Big Whales, Trigger Buy Signal
Multiple Factors Confirms BTC Price Rally
BTC price is trading sideways today, with the price currently trading at $70,915. The 24-hour low and high are $70,390 and $71,735, respectively. Furthermore, the trading volume has decreased by 27% in the last 24 hours, indicating a decline in interest among traders.
CryptoQuant data reveals institutional investors have shifted towards reaccumulation over the past two weeks, NVT golden cross hints local bottom, and Bitcoin Volatility Index (SMA-30d) and Adjusted MVRV (30DMA/365DMA) metrics highlight slowdown in price swings.
Analyst Willy Woo predicted a $1.5 billion Bitcoin short liquidation if BTC price hits $72,000 and set to a rally towards $75,000.
Also Read: Cathie Woods Ark Invest Has Strong AI Exposure Despite Trimming Nvidia
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
The U.S. Spot Bitcoin ETF sector experiences a resurgence with a notable $66 million inflow, reversing the previous week’s outflow trend for the last two days. Notably, the recent data reveals that Fidelity’s FBTC leads the influx, signaling renewed investor interest in cryptocurrency-backed exchange-traded funds. Besides, the inflow also comes amid a recovery in the Bitcoin price.
Fidelity’s FBTC Leads Bitcoin Inflow Surge
Following two consecutive days of outflow, the Bitcoin ETF market witnessed a turnaround with a significant $66 million net inflow, as reported by Farside Investors. Notably, Fidelity’s FBTC emerges as the frontrunner, attracting $38.6 million in inflows, followed by Bitwise Bitcoin ETF BITB with $20.3 million.
Meanwhile, the recent influx also reflects the renewed confidence of the traders in Bitcoin ETFs. Besides, it also coincides with a recovery in Bitcoin’s performance, which surged past the $63,000 mark recently. Notably, this resurgence in investor interest comes amid heightened volatility in the overall market, indicating a renewed appetite for cryptocurrency investments.
It’s worth noting that the net inflow of $66 million on May 13 marks a positive shift after two days of negative flows. However, while no ETF experienced outflows, seven out of ten US Bitcoin ETFs, including Grayscale and BlackRock offerings, reported zero flows.
Meanwhile, over the last 30 trading days, the ten Bitcoin ETFs saw a net outflow of $297 million, with outflows recorded on 17 of those days.
Also Read: Meme Coin Party Begins After GameStop Rally, Adds $5 Billion To Index
Crypto Market Performance
The influx of $66 million into Bitcoin ETFs signals a renewed bullish sentiment among investors, bolstered by Fidelity’s FBTC garnering the lion’s share of inflows. Notably, with Bitcoin’s price rebounding and analysts providing optimistic forecasts, the cryptocurrency market appears poised for further growth and stability in the coming days.
As of writing, the crypto market noted a surge of 0.37% to $2.27 trillion, while its overall trading volume rose 50% to $71.79 billion. Meanwhile, the Bitcoin price noted slight gains of 0.33% over the last 24 hours, trading at $61,876.45 at the same time.
Meanwhile, the BTC price has touched a high of $63,422.66 and a low of $61,400.88 over the last 24 hours, reflecting the still-volatile scenario hovering over the market.
Also Read: Coinbase Investigates System-Wide Outage, Here’s All
The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.
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