[ad_1] MicroStrategy, led by CEO Michael Saylor, has increased the size of its planned stock sale to raise additional funds to purchase Bitcoin. The company is now seeking to raise $700 million, up from the previously announced $500 million.BREAKING: MicroStrategy increased its raise to $700 million to buy more #Bitcoin pic.twitter.com/B2I2uk98Ie— Bitcoin Magazine (@BitcoinMagazine) June 14, 2024 MicroStrategy first announced plans on Thursday to raise $500 million by selling convertible senior notes to qualified institutional buyers. The proceeds would primarily go toward acquiring more Bitcoin for its corporate treasury, which already contains over 214,400 BTC worth $15 billion.The software analytics…
Author: dfrancis36
[ad_1] Ethereum price struggled to clear the $3,650 resistance. ETH started another decline and there is now a risk of more dips below the $3,420 support. Ethereum started a fresh decline below the $3,550 support zone. The price is trading below $3,540 and the 100-hourly Simple Moving Average. There is a crucial bearish trend line forming with resistance near $3,550 on the hourly chart of ETH/USD (data feed via Kraken). The pair could extend losses if it stays below the $3,550 resistance zone. Ethereum Price Struggle Continues Ethereum price failed to start a recovery wave above the $3,550 and $3,580…
[ad_1] Blockchain technology is poised to reshape the financial world, and Ripple is at the forefront of this transformation, with its XRP Ledger pushing the boundaries of what’s possible. Amid the vibrant energy of the XRP Ledger Apex 2024, an exclusive interview with Markus Infanger, VP of Product at Ripple, shed light on the company’s pioneering approach to blockchain in the financial sector. Speaking with Markus we delved into how the company is crafting a compelling narrative that positions XRP Ledger at the center of the financial revolution.“We want to use blockchain technology to solve friction and problems in the…
[ad_1] Remember Doge? The Shiba Inu pup that became a digital currency sensation in 2013? Back then, it was a playful jab at the seriousness of the crypto world. Fast forward a decade, and memecoins, those internet joke-inspired tokens, are a barking mad force in the crypto economy, amassing a market cap of nearly $60 billion, according to Galaxy Digital CEO Mike Novogratz. This growth is attributed to the increasing popularity of internet memes and their ability to tap into the humor and creativity of the online community. The figure above is a substantial amount, especially when compared to the…
[ad_1] Cryptocurrency analyst and trader Ali Martinez is expressing bullish sentiment on one smart contract-enabled blockchain while updating his outlook on Bitcoin (BTC) and Lido DAO (LDO). Martinez tells his 63,900 followers on the social media platform X that the Tom DeMark (TD) Sequential indicator is flashing an opportunity for a long entry on the four-hour chart for the native token of layer-1 blockchain Toncoin (TON). The analyst says that the TD Sequential indicator, which is used to determine potential points of trend reversals, is signaling that Toncoin could rally by around 46% from the current level to reach a…
[ad_1] In an analysis released Thursday, leading global investment firm AllianceBernstein with assets under management worth $725 billion significantly elevated its price target for Bitcoin, predicting the premier cryptocurrency will reach $1 million by 2033. This bullish outlook is underscored by a new wave of adoption via US spot Bitcoin exchange-traded funds (ETFs) managed by heavyweight asset managers including BlackRock, Fidelity, and Franklin Templeton. Bitcoin’s Path To $1 Million In 2033 Analysts Gautam Chhugani and Mahika Sapra from Bernstein outline a detailed scenario where they expect the assets under management in Bitcoin-related ETFs to escalate to about $190 billion by…
[ad_1] Major Wall Street firm Bernstein has made a bullish long-term prediction for Bitcoin’s price, saying it could reach $1 million by 2033.JUST IN: $779 billion Bernstein says #Bitcoin will likely hit $1 million.Predicts $200,000 price by 2025 🚀 pic.twitter.com/zBp3o09OoL— Bitcoin Magazine (@BitcoinMagazine) June 14, 2024 In a new report initiating coverage of Michael Saylor’s MicroStrategy, Bernstein analysts have raised their price target for Bitcoin to $200,000 from $150,000 by the end of 2025.Bernstein has long been positive on Bitcoin’s prospects, but this $1 million forecast by 2033 represents one of the highest institutional projections yet. The analysts’ thesis is…
[ad_1] The Solana blockchain has revealed a sobering story, adding to the turbulence in the bubbly world of memecoins, such as BEER. The coin rose to prominence in recent weeks, experienced a dramatic price swing, and raising concerns about the inherent volatility and risks associated with these internet-driven tokens. Related Reading Whales And Rug Pulls: A Recipe For Disaster BEER’s wild ride began with a classic memecoin scenario: a surge in popularity fueled by online hype and community buzz. However, this exuberance masked a lurking danger – the outsized influence of large token holders, often nicknamed “whales.” When several whales…
[ad_1] In a pronounced shift in the digital assets landscape, the world’s largest asset manager, BlackRock, signaled a stronger alignment with public blockchain networks, notably Ethereum, over permissioned alternatives. This key insight emerged during the “Beyond Bitcoin ETFs – What’s Next on the Institutional Roadmap?” panel at Coinbase’s State of Crypto Summit 2024 on Thursday. BlackRock Doubles Down On Ethereum Samara Cohen, the Chief Investment Officer of BlackRock for ETF and Index Investments, conveyed a decisive stance on the evolution of blockchain technology in financial markets. Cohen stated, “A few years ago we thought private permissioned blockchains would lead. We…
[ad_1] A widely followed trader and analyst is updating his outlook on a medium-cap crypto asset that has skyrocketed by quadruple-digit percentage points since January. The trader pseudonymously known as Altcoin Sherpa tells his 217,100 followers on the social media platform X that the utility token of Ondo Finance (ONDO), a crypto project focused on the tokenization of real-world assets (RWAs), is “still one of the strongest coins out there”. According to Altcoin Sherpa, ONDO has bounced off a key support level to potentially confirm the strength of the uptrend. Based on Altcoin Sherpa’s chart, it appears that the support…