Bitcoin began the year by hitting a new all-time high of $109,588 on January 20, ending with a return of over 11.00% in the month. According to Bitcoin’s historical data, BTC generally yielded the third-highest returns for traders in February, averaging 15.66%. Traders could expect an optimistic boost in the next month.
The crypto market has increased by 0.4% to $3.57 trillion over the last 24 hours but is still 1.4% below last week's levels. Cryptocurrencies are slowly and rather erratically climbing out of the dip they fell into on Monday. The market remains sensitive to negative news but is recovering cautiously, avoiding excessive optimism.
The selloff could provide traders an attractive entry opportunity in higher-beta altcoins such as Solana's SOL, which endured a double-digit pullback, one analyst said.
Bitcoin prices may see a boost from Nvidia’s massive valuation drop and a pipeline of Initial Public Offerings (IPOs) from prominent cryptocurrency firms, analysts suggest. Shares in chip maker Nvidia closed down nearly 17% on Jan.
Tom Lee, head of Fundstrat Research, discussed Monday's market sell-off as an "overreaction". On CNBC, Lee said that the double-digit drawdown in NVIDIA (NVDA) is the biggest opportunity since the covid outbreak and will prove to be a great buying moment.
According to their latest 13F filings, some billionaires have been selling their Nvidia shares. Millennium Management's Israel Englander reduced his position in Nvidia by 12.5% in the third quarter of 2024. Capula Managment's Yan Huo trimmed his stake in Nvidia by 27.7% in the third quarter.
Toronto-based bitcoin miner Bitfarms has enlisted two consultants to explore how it can transform some of its facilities to meet the growing demand for artificial intelligence data centers, it said on Friday.
Wall Street opens up on relief Meta and Microsoft kept their AI spending plans even as their earnings come in mixed. Next up, Apple after the close.
Bitcoin (CRYPTO: BTC) may have found a new friend in town, as Fed Chair Jerome Powell took a surprisingly open stance on crypto assets during his
U.S. stocks recovered some ground on Tuesday after getting hammered by fears over China's DeepSeek AI model built on a shoestring budget.
Bitcoin surges past $103K after a market dip triggered by DeepSeek’s AI shock. Institutional accumulation grows, with BTC targeting $150K.
Several billionaire investors have reduced their exposure to Nvidia. At the same time, they've increased their exposure to Bitcoin's top spot price ETF. Bitcoin might have a shot at outperforming ...