Latest news with #cryptoMarket
Yahoo
09-07-2025
- Business
- Yahoo
Cathie Wood, who dumped surging stock, calls it crypto's ‘ChatGPT moment'
Cathie Wood, who dumped surging stock, calls it crypto's 'ChatGPT moment' originally appeared on TheStreet. ARK Invest CEO Cathie Wood is a strong advocate of cryptocurrencies whose firm keeps investing in crypto-focused stocks such as Coinbase (Nasdaq: COIN), Circle (Nasdaq: CRCL), and Robinhood (Nasdaq: HOOD). Circle, which went public on June 5, is among the hottest stocks in the market right now. Wood recently said she agreed with Fundstrat Global Advisors Head of Research Tom Lee that Circle's IPO is the "ChatGPT moment" in crypto. She was talking to BanklessHQ on July 8 when she made the remarks. Circle is a crypto company that issues the USDC stablecoin. A stablecoin is a type of cryptocurrency that attempts to stabilize its value, unlike traditionally volatile cryptocurrencies such as Bitcoin. With a market cap of $61.67 billion, Circle's USDC is the second-largest stablecoin and accounts for nearly 25% of the total stablecoin market cap of $255.46 billion, as per DeFiLlama. Since its Apr. 5 launch, the CRCL stock has soared as much as 600%. Wood hailed the Circle IPO for spurring a shift in how institutional investors approach crypto assets. ARK Invest CEO positioned the Circle IPO in a long line of events in the short history of the crypto industry. Wood said that earlier, fund managers approached institutional investors with a disclaimer that they "may not like this thing called crypto," but it's a new asset the introduction of Bitcoin exchange-traded funds (ETFs) in January 2024 secured more audience for fund managers, the Securities and Exchange Commission (SEC) going aggressively after the crypto industry didn't help, Wood added. The new U.S. administration brought a complete change in regulatory policy toward crypto, and then Circle went public, she added. Institutions are now studying crypto hard, and they can't miss out on the equivalent of artificial intelligence (AI), the convergence of AI and crypto leading toward AI agents, and the threat posed by decentralized finance (DeFi), Wood added. The fund manager also hailed Robinhood for launching tokenized stocks, layer-2 blockchain, perpetual futures, and staking. On June 22, Cathie Wood's ARK Invest has offloaded $146 million worth of Circle stock as CRCL surged 248% since its IPO. Despite the selloff, ARK remains Circle's 8th-largest shareholder with $750 million still held across funds. The move marks ARK's third major dump this week amid growing momentum in stablecoin adoption. Cathie Wood, who dumped surging stock, calls it crypto's 'ChatGPT moment' first appeared on TheStreet on Jul 9, 2025 This story was originally reported by TheStreet on Jul 9, 2025, where it first appeared. Sign in to access your portfolio
Yahoo
06-07-2025
- Business
- Yahoo
Got $1,000? 2 Cryptocurrencies to Buy and Hold for Decades
The crypto market is heating up again. Bitcoin remains the best "blue chip" token to buy. Ethereum should continue to lead the developer-oriented market. 10 stocks we like better than Bitcoin › Many cryptocurrencies skyrocketed during the buying frenzy for speculative investments in 2020 and 2021. That rally was fueled by near-zero interest rates, stimulus checks, social media buzz, and commission-free trading platforms. But in 2022 and 2023, many of those tokens crashed as interest rates rose and a new crypto winter began. Over the past year and a half, investors have gradually pivoted back toward cryptocurrencies as interest rates declined and President Donald Trump's crypto-friendly administration took the helm. So if you're still bullish on cryptocurrencies, it might be a great time to go shopping again. You shouldn't stake your life savings in cryptocurrencies, but it might be smart to set aside a modest $1,000 in a few tokens that could soar over the next few decades. I'd personally stick with the two largest cryptocurrencies -- Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) -- instead of the smaller and more speculative meme coins. Bitcoin, the world's most valuable cryptocurrency, still has plenty of upside potential for a few simple reasons. First, it's still mined with an energy-intensive proof-of-work (PoW) consensus mechanism, which becomes more costly every four years with each "halving" that cuts its mining rewards in half. Its maximum supply is also capped at 21 million tokens. Nearly 19.9 million of those Bitcoins have already been mined, and the final token is expected to be mined in 2140. There isn't much room for long-term inflation in this model. Bitcoin's increasingly difficult mining process, scarcity, and deflationary nature make it more comparable to gold, silver, and other physical assets than many other cryptocurrencies. That makes it a potential hedge against inflation and the devaluation of fiat currencies. Bitcoin's first spot price exchange-traded funds (ETFs), which were approved in January 2024, made it easier for retail and institutional investors to invest in the coin without a crypto wallet. Big companies like MicroStrategy (NASDAQ: MSTR) continued to accumulate Bitcoin, the Trump administration recently established a Strategic Bitcoin Reserve, and inflation-wracked countries like El Salvador and Central African Republic even adopted Bitcoin as a national currency for a while. All of those developments supported the notion that Bitcoin was becoming "digital gold." So even though Bitcoin might seem pricey right now at roughly $110,000, it could have even more upside potential. Standard Chartered's analysts expect its price to climb to $500,000 by 2028, while Ark Invest's Cathie Wood sees it flying as high as $1.5 million by 2030. You should take those bullish estimates with a grain of salt, but Bitcoin could remain the best "blue chip" cryptocurrency to buy and hold for the next few decades. Ether, the native token of the Ethereum blockchain, is the world's second most valuable cryptocurrency. It was originally a PoW token that was mined like Bitcoin, but it transitioned to the more energy-efficient proof-of-stake (PoS) mechanism in "The Merge" in 2022. As a PoS token, Ether can no longer be mined. Instead, its investors "stake" their tokens on the blockchain to earn interest-like rewards. Ethereum's PoS blockchain also supports smart contracts, which can be used to develop decentralized apps (dApps) and other crypto assets. Its declining or rising network activity can either make it inflationary or deflationary, respectively, and it currently has a circulating supply of roughly 120.7 million tokens. Ether is usually valued by the growth of its developer ecosystem and its transaction speeds instead of the scarcity of its tokens. Its core Level-1 blockchain is slower than PoS blockchains like Cardano, but it's assisted by faster Level-2 protocols that process the transactions off-chain before returning them to the Level-1 layer. Ether's first spot price ETFs were also approved last year, but they only held the tokens in cold storage without passing on the staking rewards (about 3% to 5% annually) to their investors. That made the ETFs less appealing than Ether itself, but the next batch of ETFs might add those rewards. Ethereum's next upgrade, "The Verge," will further improve its security features and lower its hardware requirements so it can run on smaller devices like smartphones. It's also expected to reduce its Layer-2 fees with "danksharding" upgrades to clear more space for fresh data. At about $2,600, Ethereum still trades well below its all-time highs. But Cathie Wood predicts it could climb as high as $166,000 by 2032, and big institutional investors like BlackRock are still accumulating the token. Therefore, this developer-oriented token could still be a great investment for the next few decades. Before you buy stock in Bitcoin, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and Bitcoin wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $699,558!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $976,677!* Now, it's worth noting Stock Advisor's total average return is 1,060% — a market-crushing outperformance compared to 180% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 30, 2025 Leo Sun has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Bitcoin and Ethereum. The Motley Fool recommends Standard Chartered Plc. The Motley Fool has a disclosure policy. Got $1,000? 2 Cryptocurrencies to Buy and Hold for Decades was originally published by The Motley Fool
Yahoo
05-07-2025
- Business
- Yahoo
Bitcoin Long-Term Holders Signal Patience in Market
According to Glassnode, long-term holders (LTHs) are defined as investors who have held bitcoin (BTC) for at least 155 days. CoinDesk Research indicates that one reason bitcoin has ye to reach new all-time highs has been selling pressure from these long-term holders. However, zooming out, Glassnode data shows that the percentage of bitcoin's circulating supply that has not moved in at least three years currently stands at 45%, which is the same level observed in February 2024, one month after the launch of the US exchange-traded fund. Three years ago, in July 2022, the market was in the midst of the leverage crisis triggered by the collapse of 3AC and Celsius during the last bear market, when bitcoin was priced at $20,000, which shows the conviction of LTHs. Meanwhile, the share of circulating supply that has not moved in at least five years is at 30% and has remained flat since May 2024. So, even though long-term holders are selling, as they typically do when prices climb higher, these data points suggest that the broader cohort has not significantly changed its aggregate behavior for over a year now, implying that many are waiting for higher prices before making further in to access your portfolio
Yahoo
05-07-2025
- Business
- Yahoo
NEAR Protocol Plunges 5% as Resistance Holds, Bitwise ETP Launches
AI-focused NEAR token slumped by 5% on Friday despite the launch of Bitwise's NEAR exchange-traded product (ETP). The sell-off comes during a muted day for cryptocurrencies with bitcoin also falling back from its test of a new record high. The launch of Bitwise's NEAR Staking ETP marks a significant milestone for institutional adoption of the protocol, allowing regulated investors to gain exposure to NEAR's staking rewards through a traditional investment vehicle. Technical analysis NEAR has experienced a substantial decline of $0.124 (5.42%) over the 24-hour period from 3 July 15:00 to 4 July 14:00, with price dropping from $2.294 to $2.170. The asset established a clear resistance zone around $2.290-$2.298 with multiple rejections, while breaking below key support at $2.220 on heavy volume (2.7M) during the 04:00 hour. The bearish momentum intensified with a volume spike to 2.83M at 07:00 when price reached its lowest point at $2.172, forming a potential double bottom with the 13:00 candle's $2.167 low, suggesting possible stabilization despite the overall negative trend. During the last 60 minutes from 4 July 13:06 to 14:05, NEAR experienced significant volatility with a net decline of $0.018 (0.82%), dropping from $2.192 to $2.170. The asset established a clear resistance at $2.177 with multiple rejections, while showing notable selling pressure at 13:37-13:39 when price plummeted from $2.174 to $2.169 on heavy volume (119K). A brief recovery attempt occurred at 13:53 with a spike to $2.175 on substantial volume (77K), but momentum failed to sustain, with price ultimately settling into a consolidation pattern between $2.169-$2.171 in the final minutes of the period. CD20 Index Plunges 2% as Bearish Momentum Accelerates The CD20 index experienced significant downward pressure in the last 24 hours from 3 July 17:00 to 4 July 16:00, dropping from $1,788.41 to $1,756.06, representing a decline of $32.35 or 1.81%. The overall trading range during this period was $45.74 (2.56%), with the peak of $1,801.60 occurring on 3 July 21:00 followed by consistent selling pressure that intensified after 13:00 on 4 July, when prices fell sharply by nearly $15 within a single hour. 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
Bloomberg
26-06-2025
- Business
- Bloomberg
Circle Becomes Top Pick for South Korea's Crypto-Hungry Traders
Circle Internet Group Inc. has emerged as the hottest overseas stock among South Korean investors this month, underscoring the growing retail appetite for crypto-linked bets as the country's new administration ushers in policies to foster industry growth. Circle, the issuer of the second largest stablecoin by market share USDC, has rallied more than sixfold since its June 5 public debut, underscoring a global frenzy.
