Cramer's Bitcoin Endorsement Triggers Market Drop and Trader Skepticism
CNBC's Jim Cramer's latest bullish stance on Bitcoin sparked an unexpected 5% market decline and $344 million in liquidations. The 'Mad Money' host's controversial track record with cryptocurrency predictions has led to the emergence of an 'Inverse Cramer' trading strategy.
Bitcoin ETF Trading Volume Hits $5B Milestone Despite Price Pullback
Bitcoin ETF trading reached a remarkable $5 billion volume as Bitcoin price retreated to $91,000, with BlackRock's IBIT leading the charge at $3.46 billion in daily trades. The surge in ETF activity, coupled with market volatility, demonstrates growing institutional adoption of cryptocurrency through traditional investment vehicles.
Cryptocurrency as a Hedge: Jim Cramer Backs Digital Assets Amid U.S. Deficit Concerns
CNBC's Jim Cramer reinforces his support for cryptocurrencies as a potential safeguard against U.S. government spending and mounting deficit worries. The Mad Money host specifically recommends Bitcoin and Ethereum while expressing skepticism about Washington's ability to address budget challenges.
Wall Street Giant Cantor Fitzgerald Takes $600M Stake in Tether, Plans Bitcoin Lending Program
Cantor Fitzgerald acquires 5% stake in stablecoin issuer Tether for up to $600 million and announces $2 billion Bitcoin-backed lending initiative. The strategic partnership marks one of the largest investments by a traditional financial institution in the crypto sector.
Bitcoin Tumbles Below $93K, Erasing Half of Recent Rally Gains
Bitcoin experienced a sharp 4.8% decline to $93,000, triggering $550 million in liquidations and erasing half of last week's $8,100 rally. Despite the correction, analysts remain optimistic about retesting the $100,000 threshold, citing supportive fundamentals and seasonal patterns.
Bitcoin Price Nears $100K: McCormack Poised to Win $20K Wager Against Green
Podcast host Peter McCormack is on track to win a $20,000 bet against investment strategist Michael Green as Bitcoin approaches $100,000. While McCormack appears headed for victory, Green's clever hedging strategy could result in both parties profiting from the high-stakes wager.
Bitcoin's Journey: From $15 Skepticism to Six-Figure Milestone
Follow Bitcoin's remarkable 13-year transformation from a fringe experiment to a mainstream financial asset, defying critics and reaching unprecedented heights in 2024. The cryptocurrency's evolution showcases growing institutional acceptance, sophisticated infrastructure development, and corporate adoption that validates early believers' conviction.
Bitcoin Buying Pressure Soars as Whales Accumulate $4B Worth of BTC
Major cryptocurrency exchanges are witnessing unprecedented Bitcoin buying pressure with taker buy/sell ratios reaching remarkable levels, particularly on Binance. Large investors have accumulated over 40,000 BTC in just four days while exchange reserves continue declining.
Bitcoin to Hit $100K This Year: Ex-BitMEX CEO Makes Bold Price Prediction
Former BitMEX CEO Arthur Hayes forecasts Bitcoin reaching $100,000 by end of 2024 and $250,000 by 2025, citing U.S. fiscal policies and credit expansion as key drivers. His bullish outlook comes amid growing institutional interest, though he advises strategic profit-taking during the rally.
Gold vs. Bitcoin: State Street Expert Warns of Crypto's Misleading Appeal
State Street's chief gold strategist cautions against cryptocurrency investments, highlighting gold's superior stability and proven track record. As both assets reach remarkable highs, the debate intensifies over Bitcoin's marketing tactics and their attempt to co-opt gold's established reputation.