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
In 2023, the so-called The “Magnificent Seven” stocks produced an outstanding average return of 111%. The Nasdaq Composite indexIn comparison, increased only 43%. The artificial intelligence boom, along with investors’ general appreciation for major tech companies, has sent shares soaring. But we have to evaluate the current situation with fresh eyes. If you want the … Read more
The Shiba Inu (SHIB 9.84%) The cryptocurrency is no longer writing the headlines, but many investors still pin their hopes on this meme coin for the next sector-wide bull run. It is still one of the 20 largest crypto names measured by market cap, with strong daily trading volume. Unfortunately, I don’t see much real-world … Read more
