Share this article The government of El Salvador has submitted a reform proposal to create a private investment bank. Notably, the proposed reform targets enabling the bank to conduct operations in Bitcoin and the US dollar, said El Salvador’s Ambassador to the US, Milena Mayorga, in a recent post. As part of our economic plan…
EUR/USD: Hawkish Sentiments of the Fed ● As expected, the key day of last week was Wednesday, 12 June. After the publication of inflation data in the USA, the dollar came under strong pressure. Fresh figures showed that in May, the overall inflation rate (CPI) in annual terms decreased to 3.3% compared to the expected…
In an era marked by economic volatility, the need for anti-fragile assets has never been more pronounced. These assets, such as gold and Bitcoin, thrive under uncertainty and stress, unlike their fragile counterparts that falter under similar conditions. Investors increasingly turn to anti-fragile assets as a means to safeguard their portfolios against unpredictable economic shifts…
Major Wall Street firm Bernstein has revealed it believes the price of the flagship cryptocurrency Bitcoin ($BTC) could reach $1 million by 2033 and top the $200,000 mark by the end of next year. In a recent report initiating the coverage of Nasdaq-listed business intelligence firm MicroStrategy, the largest corporate holder of the flagship cryptocurrency…
The world’s largest corporate Bitcoin (BTC) owner wants to raise funds to further bolster its crypto holdings. In a new statement, Microstrategy says it is planning to offer $500 million worth of convertible senior notes in a private offering. Convertible senior notes are a type of bond that allows investors to hold until maturity or…
The cryptocurrency market has experienced remarkable growth, rewarding investors with its potential. Bitcoin surged by approximately 168%, Ethereum advanced by around 66%, and Solana, a relative newcomer, soared over 100% in the past year. While these returns are undeniably attractive, direct investment in individual cryptocurrencies presents challenges for many investors due to inherent volatility and…
Stay tuned for this week’s exciting crypto highlights, exclusively presented by StealthEX and CryptoDaily. Discover the latest and most thrilling developments in the crypto world, keeping you informed and ahead of the curve. From groundbreaking updates to trending news in digital assets, we have it all covered. Curious about what’s making waves in the crypto…
As Bitcoin continues to consolidate within reach of its all-time highs, many investors, speculators, and traders wonder if a breakout is on the horizon. Currently trading at $67,100 per bitcoin and up almost 52% YTD, Bitcoin’s critical short-term support level sits at $66,000, with $72,000 acting as critical resistance. Should Bitcoin break through this resistance,…
Bernstein initiated coverage of the Tysons Corner, Virginia-based company with a $2,890 price target. The shares closed at around $1,484 on Thursday. The Nasdaq-listed firm currently holds 214,400 bitcoin. It began buying the cryptocurrency in 2020, adopting it as a reserve asset. Source link
CryptoQuant chief executive Ki Young Ju thinks the US Bitcoin (BTC) market is in the driver’s seat regarding the immediate future of crypto prices. Young Ju tells his 347,300 followers on the social media platform X that the US Bitcoin market “is more important than offshore global markets for the next leg up.” “Stablecoins are…