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BTC Slide Tests MSTR’s ‘Digital Central Bank’ Thesis
market-news20 days ago

BTC Slide Tests MSTR’s ‘Digital Central Bank’ Thesis

Bitcoin’s price slipping below Strategy’s average cost basis near $76,000 creates a near-term psychological hurdle for the stock, but the piece argues this is a structural reset rather than a disaster. Strategy has a modular capital stack—issuing stock above NAV and a suite of perpetual preferreds (STRC, STRF, STRK, STRD)—plus about $2.25 billion in cash, which cushions dilution and funds ongoing Bitcoin acquisitions. With a Strong Buy consensus and substantial upside if crypto recovers, the long-term bull case remains intact despite near-term volatility.

via TipRanks|
#btc-usd#crypto-stocks#cryptocurrency
"Bitcoin Surges to $72K, Sparks $115M in Liquidations as Meme Coins Rally"
cryptocurrency-markets1 year ago

"Bitcoin Surges to $72K, Sparks $115M in Liquidations as Meme Coins Rally"

Bitcoin surged past $72,000, boosting U.S. crypto-related stocks like Coinbase and MicroStrategy, while meme coins like dogwifhat and pepe also rallied. Altcoins are seen as undervalued, with potential for further gains as bitcoin dominance peaks pre-halving. Technical analysis suggests bitcoin could reach new record highs, with BlackRock's bitcoin exchange-traded fund attracting more authorized participants, including Goldman Sachs and Citigroup. Additionally, the bitcoin-to-gold ratio remains below its 2021 high despite bitcoin setting new fiat currency highs.

via CoinDesk|
#altcoins#bitcoin#blackrock
Bitcoin Surges Past $72K, Igniting Crypto Stocks and ETF Inflows
financeinvesting1 year ago

Bitcoin Surges Past $72K, Igniting Crypto Stocks and ETF Inflows

U.S. crypto-related stocks, including Coinbase, MicroStrategy, and BlackRock's bitcoin exchange-traded fund, saw gains as bitcoin surpassed $72,000 for the first time since March ahead of its upcoming reward halving on April 20. The CoinDesk 20 Index, reflecting the broader crypto market, also rose 3.1% over 24 hours. As a result, companies like Marathon Digital, Hut 8, and Argo Blockchain experienced stock increases, indicating a positive start to the week for the crypto market.

via CoinDesk|
#bitcoin#coinbase#crypto-stocks
cryptocurrency-market2 years ago

Bitcoin Surges Past $51K, Reclaims $1 Trillion Market Cap

U.S.-listed crypto companies surged as bitcoin surpassed $51,000, reaching a $1 trillion market cap, with Ether also hitting a high of $2,754 and the total crypto market cap reaching $2 trillion. Coinbase, MicroStrategy, BlackRock’s bitcoin ETF, and Robinhood all saw gains, while miners like Iris Energy, Marathon Digital, and Riot Platforms also experienced significant increases.

via CoinDesk|
#bitcoin#coinbase#crypto-stocks
"Bitcoin Surges Past $46K with ETF Inflows and Crypto Stock Rally"
finance2 years ago

"Bitcoin Surges Past $46K with ETF Inflows and Crypto Stock Rally"

Crypto stocks, including COIN, MSTR, CLSK, RIOT, and MARA, rallied in pre-market trading as Bitcoin surged past $46,000 for the first time in nearly a month. Mining firm CleanSpark led the way with a nearly 20% increase, attributed to positive Q3 2023 results. Other cryptocurrency-related publicly traded companies also showed healthy gains, with Bitcoin's rally boosting its advance for the week to almost 10%.

via CoinDesk|
#bitcoin#cleanspark#crypto-stocks
Bitcoin Price Dips Below $40K Amid ETF-Related Volatility
cryptocurrency2 years ago

Bitcoin Price Dips Below $40K Amid ETF-Related Volatility

Bitcoin and other cryptocurrencies experienced a significant drop, with bitcoin falling back to $40,000 and ether also declining. This downward trend in the crypto market also affected related stocks, with companies like Coinbase and Microstrategy seeing losses. According to experts, this correction is linked to the recent ETF launch and significant selling by short-term traders and large bitcoin holders, as well as a risk-off attitude in the market.

via CNBC|
#bitcoin#crypto-stocks#cryptocurrency
"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"
cryptocurrency2 years ago

"Debut of Bitcoin ETFs Sparks Market Volatility and Top Volume Rankings"

On the first trading day of U.S. exchange-traded funds holding the largest digital currency, Bitcoin and crypto stocks experienced mixed performance, with Bitcoin rising 1% to near $45,000 after initially surging to about $49,000. Ether also saw a 7% jump to about $2,600. However, Bitcoin mining stocks fell, and crypto exchange Coinbase Global, which serves as the bitcoin custodian for eight of the 11 funds, fell 7%, while MicroStrategy, a bitcoin-buying software intelligence firm, was down 6%.

via The Wall Street Journal|
#bitcoin#coinbase-global#crypto-stocks
cryptocurrency2 years ago

Bitcoin Surges as Fed Signals Rate Cuts, Altcoins Follow Suit

Bitcoin bounced back above $43,000, leading a rally in the crypto market and digital asset-focused stocks, as the Federal Reserve projected interest rate cuts for next year. The Fed's dovish projection caused bond yields and the U.S. dollar index to fall, supporting a broad-market rally for risk-assets. Bitcoin's surge of almost 5% pushed it past $43,000, while altcoins like Avalanche, Cardano, and Injective posted gains of nearly 10%. Crypto-related stocks, including Coinbase, MicroStrategy, Marathon Digital, Riot Platforms, and CleanSpark, also saw significant increases. The Fed's decision to hold or reduce interest rates injected optimism among investors, extending to cryptocurrencies as well.

via CoinDesk|
#altcoins#bitcoin#crypto-stocks
Bitcoin's Volatility Strikes Again: Crypto Stocks and Gains Take a Hit
cryptocurrency2 years ago

Bitcoin's Volatility Strikes Again: Crypto Stocks and Gains Take a Hit

Shares of cryptocurrency-related companies, including MicroStrategy, Coinbase, and bitcoin miners Marathon Digital Holdings, Riot Platforms, Hut 8, and CleanSpark, experienced significant losses of 5%-15% as bitcoin tumbled below $42,000. The drop followed a swift correction in crypto markets, with bitcoin falling nearly 10% in a "flash crash." Despite the losses, crypto stocks have seen a substantial recovery in 2021, driven by the crypto market rally and anticipation for regulatory approval of a spot bitcoin exchange-traded fund (ETF) in the U.S.

via CoinDesk|
#bitcoin#coinbase#crypto-stocks
"Bitcoin's Soaring Value Boosts Crypto Stocks to New Heights in 2023"
cryptocurrency2 years ago

"Bitcoin's Soaring Value Boosts Crypto Stocks to New Heights in 2023"

Cryptocurrency-related stocks listed in the U.S. surged as bitcoin reached a fresh high for the year, surpassing $42,000. The rally in these stocks is driven by optimism about potential interest rate cuts in the U.S. and expectations of the approval of U.S. stock market-traded bitcoin funds. Bitcoin's rise is also attributed to falling yields and positive sentiment for the upcoming year, which includes the halving process. Companies such as Coinbase, Microstrategy, Riot Platforms, Marathon Digital, and CleanSpark experienced significant gains in November. The ProShares Bitcoin Strategy ETF rose, while the ProShares Short Bitcoin Strategy ETF fell. This rally comes after a lukewarm period for cryptocurrencies earlier this year, with bitcoin up over 150% in 2023, on track for its best annual performance since 2020.

via Reuters|
#bitcoin#crypto-stocks#cryptocurrency