Understanding the Exchange Rate Mechanism At its core, the BTC/USD exchange rate represents the value of one Bitcoin denominated in US Dollars. Like traditional currency pairs in the foreign exchange (forex) market, the BTC/USD exchange rate is determined by the interplay of supply and demand dynamics within the cryptocurrency markets. As more investors seek to … Read more
Bitcoin is on a tear. The largest cryptocurrency has surged more than 20% in the past four days, hitting an all-time high. In contrast, the S&P 500 has declined slightly over that period. On Wednesday, the price of Bitcoin exceeded $64,000 for the first time since November 2021. The surge was fueled by an explosion … Read more
Footnotes 1 This article relies primarily on data from the Stanford Law School Securities Class Action Clearinghouse. Current Trends in Securities Class Action FilingsStanford Law School Securities Class Action Clearinghouse (last accessed February 14, 2024). 2 Olga Kharif and Yuki Yang, Crypto hedge funds gear up for ‘token frenzy’ after 2023 reboundBloomberg (December 27, 2023). … Read more
Top Two Cryptocurrencies by Market Cap – Bitcoin (BTC 2.78%) and Ethereum (ETH 3.22%) — continue to set the pace for the overall crypto market. Right now, both are up about 45% so far this year. But there is one cryptocurrency that has been largely overlooked by investors, and that is Solana (SOL 13.70%). For … Read more
NEW YORK — Sam Bankman-Fried’s attorney said Tuesday that the court’s one-handed sentence of 100 years in prison for the FTX founder is “ironic” and “barbaric” and that a sentence of a few years at most is appropriate. For cryptocurrency crimes that California individuals are still in dispute with. In arguments presented minutes before Tuesday’s … Read more
A BlackRock exchange-traded fund (ETF) that invests in Bitcoin (BTC) saw record inflows of $520 million on Wednesday, the largest daily inflow for any US ETF across the asset classes so far this year. All this comes as BTC’s price tests $64,000 and is just one step away from the 2021 all-time high. The market … Read more
Over the past few years, Robert Kiyosaki, author of the best-selling personal finance book Rich dad poor dadhas become a strong advocate of Bitcoin (BTC -0.51%) As a possible path to “rich dad” status. Although some of his calls on Bitcoin have been controversial in the past, he is now fully convinced that Bitcoin is … Read more
