Latest news with #CoinBureau
Yahoo
2 days ago
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus.
Yahoo
3 days ago
- Business
- Yahoo
Bitcoin Blasts Past $118K as Wall Street and Washington Fuel the Fire
Bitcoin (BTC-USD) just smashed through the $118,000 barrier, hitting a new all-time high and reigniting investor interest across the crypto and tech complex. The timing? Spot on. Nvidia (NASDAQ:NVDA) just crossed a $4 trillion valuation, the Nasdaq notched a fresh record, and the S&P 500 isn't far behind. This surge reinforces what many in the market have long suspected: Bitcoin is behaving more like a high-beta tech stock than a standalone alternative asset. Historically, Bitcoin has remained highly correlated with tech stocks, noted Nic Puckrin, founder of Coin Bureau, and the current rally seems to be another case in point. So far in 2025, Bitcoin is up roughly 21%, helped by pro-crypto policies from the Trump administrationmost notably, a proposed federal bitcoin reserve and broader digital asset backing. Institutional appetite appears to be doing some heavy lifting. According to Dilin Wu, strategist at Pepperstone, sustained inflows from institutions have underpinned this latest breakout. Meanwhile, corporates aren't sitting still. Strategy (NASDAQ:MSTR) and GameStop (NYSE:GME) continue to add bitcoin to their balance sheets, and this week Trump Media & Technology Group (NASDAQ:DJT) filed to launch a Crypto Blue Chip ETF that could allocate as much as 70% to bitcoin. Bitcoin has also been unusually stable over the past two monthstrading within a narrow $10,000 rangesuggesting that the market may be maturing or at least attracting more disciplined capital. The next major catalyst may come from Washington. Congress kicks off its long-anticipated Crypto Week on July 14, where lawmakers will debate a stack of bills that could reshape the industry's regulatory environment. One of them, the GENIUS Act, would establish a federal framework for stablecoins. A more defined rulebook could be just what large institutions need to scale their exposure. Circle (NYSE:CRCL), issuer of the USDC stablecoin, is already seeing a bumpits shares are up 500% since debuting on June 5, with another 2% gain Thursday. Meanwhile, trading platforms like Robinhood (NASDAQ:HOOD) and Coinbase (NASDAQ:COIN) also moved higher, riding the wave of optimism that regulation could finally bring the kind of clarityand capitalthe crypto space has long been waiting for. This article first appeared on GuruFocus. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin surges to new highs above $118,000 as investors go risk on
Bitcoin (BTC-USD) vaulted to a fresh all-time high Friday, breaking above $118,000 amid a wave of bullish momentum across risk assets. The token's price action coincides with AI giant Nvidia's (NVDA) surge to a $4 trillion valuation, highlighting crypto's tie with tech. The tech-heavy Nasdaq Composite (^IXIC) hit a fresh record on Wednesday, and the S&P 500 (^GSPC) was headed that way on Thursday. "Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out," Nic Puckrin, crypto analyst and founder of the Coin Bureau, wrote on Thursday morning. Read more: Can you buy crypto with a credit card? See the pros and cons. Year to date, the token is up roughly 21%, buoyed in part by crypto-friendly policies from the Trump administration, including the establishment of a strategic bitcoin reserve and a broader digital asset stockpile. Over the past two months, bitcoin has traded within a tight $10,000 range — an unusually stable period given its historical volatility. "If BTC makes a convincing break through the ATH level, then further profit taking can be expected around the $115,000 mark," Puckrin wrote. "Either way, this isn't the big final rally everyone is waiting for, simply a quick release of the pressure that had been building up." The timing of bitcoin's breakout also comes days before Congress kicks off its highly anticipated "Crypto Week" on July 14. Lawmakers will debate a series of bills that could define the industry's regulatory framework. "A favorable outcome could accelerate institutional inflows, reinforcing Bitcoin's role as a macro asset and strengthening confidence in compliant crypto platforms," said Jesse Jarvis, CEO of Kaiko, a cryptocurrency market data provider. The GENIUS Act is among the regulations the House will consider. The bill, which recently passed through the Senate, proposes a federal framework for stablecoins. Shares of Circle (CRCL), the issuer of stablecoin USDC (USDC-USD), were up roughly 2% on Thursday. The stock is up more than 500% from its June 5 IPO. Trading platforms Robinhood (HOOD) and Coinbase (COIN) were also higher during Thursday's session. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices
Yahoo
5 days ago
- Business
- Yahoo
Bitcoin surges to new highs above $118,000 as investors go risk on
Bitcoin (BTC-USD) vaulted to a fresh all-time high Friday, breaking above $118,000 amid a wave of bullish momentum across risk assets. The token's price action coincides with AI giant Nvidia's (NVDA) surge to a $4 trillion valuation, highlighting crypto's tie with tech. The tech-heavy Nasdaq Composite (^IXIC) hit a fresh record on Wednesday, and the S&P 500 (^GSPC) was headed that way on Thursday. "Historically, Bitcoin has remained highly correlated with tech stocks, and this correlation is still playing out," Nic Puckrin, crypto analyst and founder of the Coin Bureau, wrote on Thursday morning. Read more: Can you buy crypto with a credit card? See the pros and cons. Year to date, the token is up roughly 21%, buoyed in part by crypto-friendly policies from the Trump administration, including the establishment of a strategic bitcoin reserve and a broader digital asset stockpile. Over the past two months, bitcoin has traded within a tight $10,000 range — an unusually stable period given its historical volatility. "If BTC makes a convincing break through the ATH level, then further profit taking can be expected around the $115,000 mark," Puckrin wrote. "Either way, this isn't the big final rally everyone is waiting for, simply a quick release of the pressure that had been building up." The timing of bitcoin's breakout also comes days before Congress kicks off its highly anticipated "Crypto Week" on July 14. Lawmakers will debate a series of bills that could define the industry's regulatory framework. "A favorable outcome could accelerate institutional inflows, reinforcing Bitcoin's role as a macro asset and strengthening confidence in compliant crypto platforms," said Jesse Jarvis, CEO of Kaiko, a cryptocurrency market data provider. The GENIUS Act is among the regulations the House will consider. The bill, which recently passed through the Senate, proposes a federal framework for stablecoins. Shares of Circle (CRCL), the issuer of stablecoin USDC (USDC-USD), were up roughly 2% on Thursday. The stock is up more than 500% from its June 5 IPO. Trading platforms Robinhood (HOOD) and Coinbase (COIN) were also higher during Thursday's session. Ines Ferre is a senior business reporter for Yahoo Finance. Follow her on X at @ines_ferre. Click here for in-depth analysis of the latest stock market news and events moving stock prices Erreur lors de la récupération des données Connectez-vous pour accéder à votre portefeuille Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données Erreur lors de la récupération des données
