With a current market cap (as of the afternoon of April 17) of $360 billion, Ethereum (CRYPTO: ETH) is the world’s second most valuable cryptocurrency. It’s behind only Bitcoin when it comes to market domination. Just in the past five years, Ethereum‘s native token has skyrocketed nearly 1,700% in value. That would have turned an […]
The cryptocurrency market has proven its ability to drive growth for investors’ portfolios. It soared to $3 trillion in market value back in 2021, and after a slump over the past couple of years, it’s once again on the rise. As investors look ahead to the possibility of lower interest rates and a stronger economy, […]
Bitcoin (CRYPTO: BTC) gained 116% over the past year amid a resurgence in risk assets driven by an increasingly optimistic economic outlook. Other factors contributing to those returns include the recent approval of spot Bitcoin ETFs and the upcoming halving of Bitcoin mining rewards, estimated to occur on April 16, 2024. Several Wall Street analysts […]
Earlier this year, Ark Invest’s Cathie Wood stunned cryptocurrency investors by predicting that Bitcoin‘s (CRYPTO: BTC) price would reach $1.5 million by 2027. Wood believes the recent approvals of Bitcoin’s first spot exchange-traded funds (ETFs), more institutional purchases, and the impending halving of Bitcoin (which will make it twice as hard to mine the cryptocurrency) […]
Ark Invest, the asset manager headed by Cathie Wood, focuses on owning businesses that have major disruptive potential. The thinking is that innovative companies can lead to huge growth potential, resulting in attractive long-term investment returns. The famed investor appreciates new technologies, so it’s no surprise that her fund is also bullish on digital assets. […]
It’s safe to say that the cryptocurrency market is back in the good graces of investors. After crypto asset prices tanked in 2022, they have been on a monster upswing in the past 15 months. There might be no better beneficiary of this positive momentum than Solana (CRYPTO: SOL). This cryptocurrency has skyrocketed 800% just […]
Ark Invest is an asset management company focused on disruptive innovation. Under CEO Cathie Wood, the company manages thematic exchange-traded funds (ETF) built around various technologies, including blockchain and cryptocurrency. Ark has long been bullish on Bitcoin (CRYPTO: BTC). In 2015, it became the first public fund manager to gain exposure to the cryptocurrency, which […]
Cryptocurrencies surged over the past decade, with the prices of Bitcoin and Ethereum, the two most successful digital currencies, soaring 25,000% and 116,000%, respectively. However, investors cooled on crypto in recent years, discouraged by its tendency to rise or fall in the blink of an eye. The biggest advantage of cryptocurrency is its decentralized nature, […]
The cryptocurrency market rebounded sharply over the past year amid signs of economic resilience. Inflation has cooled, recession fears have diminished, and the Federal Reserve anticipates a few interest rate cuts this year. Low-rate environments have historically been a good thing for cryptocurrencies, so investors have moved back into the market. Another reason for the […]
Tigran Gambaryan has been detained in Nigeria since February [Getty Images] An executive from cryptocurrency firm Binance has pleaded not guilty to money laundering charges in a Nigerian court. US citizen Tigran Gambaryan was arrested in February, along with his colleague Nadeem Anjarwalla, a British-Kenyan dual national. Their detention came as Nigeria accused Binance of […]
Many growth investors gravitated back toward the cryptocurrency market this year as hopes for lower interest rates, the approvals of the first Bitcoin spot price exchange-traded funds (ETFs), and big institutional purchases suggested the “crypto winter” was over. However, it’s still tough to gauge the true value of most cryptocurrencies, since their price is driven […]