Latest news with #ProfessionalCapitalManagement
CNBC
3 days ago
- Business
- CNBC
Bitcoin soars to new highs, surpasses $120,000
Anthony Pompliano, founder and CEO of Professional Capital Management, joins 'Squawk Box' to discuss Bitcoin as the cryptocurrency surpasses $120,000.
Observer
7 days ago
- Business
- Observer
Bitcoin Soars to All-Time Peak Just Shy of $112,000
NEW YORK:Bitcoin climbed to an all-time high near $112,000 late on Wednesday, driven by increased risk appetite and sustained institutional demand as traditional financial market players continued to embrace the world's largest cryptocurrency. The digital asset touched a record peak of $111,988.90 and was last up 0.4% at $111,259. Since the beginning of the year, bitcoin has gained more than 18%. 'Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,' wrote Anthony Pompliano, founder and CEO of Professional Capital Management, in a letter to investors. 'There were few sophisticated capital allocators who could gain exposure when bitcoin was at a $100–200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can get exposure.' The Trump administration's crypto-friendly policies have further boosted digital assets, unlocking new pools of capital for the sector. For example, Trump Media & Technology Group , run by the US president's family, plans to launch an exchange-traded fund (ETF) that will invest in multiple cryptocurrencies, including bitcoin, ether, solana, and ripple, according to a filing with the US market regulator on Tuesday. Bitcoin's rally extended to other cryptocurrencies. Ether, the second-largest digital currency by market capitalization, hit a one-month high of $2,794.95 and was last up 5.4% at $2,740.99. Crypto-related stocks also posted gains. MicroStrategy , co-founded by bitcoin advocate Michael Saylor, rose 4.7% to $415.41, while Coinbase Global advanced 5.4% to $373.85. Meanwhile, Wall Street continued to hit record highs, brushing off tariff threats from President Trump.— Reuters
International Business Times
7 days ago
- Business
- International Business Times
Bitcoin Hits Record High Near $112,000 as Institutional Demand Surges
Bitcoin surged to a new all-time high late Wednesday, nearing $112,000. The rise is fueled by growing institutional interest and a stronger risk appetite among major financial players. Bitcoin reached a record $111,988.90 before slightly easing to $111,259—still up 0.4% for the day. Since January, the world's largest cryptocurrency has gained more than 18%, driven by institutional adoption and favorable regulatory signals. Anthony Pompliano, CEO of Professional Capital Management, highlighted the maturing nature of Bitcoin, stating in a note, "Bitcoin becomes less risky as it grows in size. Now that it's a trillion-dollar asset, global capital allocators are entering the space." Policy moves under the Trump administration have also supported the broader crypto market. Trump Media & Technology Group, linked to the former president's family, filed to launch an exchange-traded fund (ETF) focused on digital assets like bitcoin, ether, solana, and ripple. The momentum extended beyond bitcoin. Ether, the second-largest cryptocurrency, hit a one-month high of $2,794.95 and was last trading at $2,740.99, up 5.4%. Crypto-related stocks also saw gains. MicroStrategy (MSTR) climbed 4.7% to $415.41, while Coinbase (COIN) jumped 5.4% to $373.85. These moves reflect increased investor confidence in the sector, especially as Wall Street indexes continue to break records despite ongoing tariff concerns. The continued surge in Bitcoin and related assets signals growing mainstream acceptance of cryptocurrencies as legitimate investment vehicles.
India Today
10-07-2025
- Business
- India Today
Bitcoin rockets to a record high, just shy of $112,000. Here's why
Bitcoin reached a fresh all-time high on Wednesday, climbing close to the $112,000 mark as demand from institutional investors and a broader appetite for risk continued to drive momentum in the cryptocurrency world's most popular digital currency touched a new peak of $111,988.90 during the day and was last seen trading at $111,259, up 0.4%. Since the beginning of 2025, Bitcoin has gained more than 18%, making it one of the top-performing assets of the year so rally is being supported by several factors, including expectations of a rate cut in the United States, falling strength of the dollar, and a renewed interest from large financial firms that are now more comfortable investing in INTEREST ON THE RISEAnthony Pompliano, founder and CEO of Professional Capital Management, said in a note to investors that Bitcoin has become a safer bet as it grows in market size. 'Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,' he said, explaining that its trillion-dollar valuation now makes it suitable for big capital Bitcoin's market cap has crossed into the trillions, more institutional investors are entering the space. Large firms that once stayed away are now taking positions in digital assets, helping push prices higher.U.S. FED RATE OUTLOOK TRIGGERS RISK SENTIMENTThe recent surge in Bitcoin also followed the release of the U.S. Federal Reserve's June meeting minutes. Most policymakers signalled support for at least one interest rate cut in 2025, which sparked a risk-on mood in global markets. Investors see this as a positive sign for assets like Bitcoin that often benefit from easier monetary Patel, Co-founder and CEO of crypto investment platform Mudrex, said Bitcoin broke out of its consolidation phase and cleared key resistance levels following the Fed's update. He said that 'Bitcoin recorded a fresh all-time high of $122,022' and added that the weakening U.S. dollar made the cryptocurrency more U.S. dollar index dropped to its weakest level in 21 years when compared to its 200-day moving average, pushing many investors to shift to alternative stores of value like LOOKS AHEAD TO CPI DATA AND FED MEETINGPatel also pointed out that Bitcoin is now trading above $111,300, and if momentum continues, it could enter a price discovery phase—where prices move into uncharted territory with no clear resistance traders are now focusing on the U.S. inflation data due on July 11 and the Federal Reserve's upcoming policy decision. These two events could shape the next direction of the cryptocurrency boost for Bitcoin has come from recent pro-crypto moves in the U.S. political landscape. The Trump administration's friendly stance towards digital assets has added confidence among crypto suggest that Trump Media & Technology Group, led by members of the U.S. president's family, is preparing to launch an exchange-traded fund (ETF) that will invest in multiple cryptocurrencies, including Bitcoin, Ether, Solana, and Ripple. The firm has filed the necessary paperwork with the U.S. markets CRYPTOS FOLLOW BITCOIN'S LEADBitcoin's strong performance has lifted other digital assets as well. Ether, the second-largest cryptocurrency by market cap, jumped to a one-month high of $2,794.95 and was last trading 5.4% higher at $2, tied to crypto also saw gains. Strategy, the firm co-founded by Michael Saylor, an early Bitcoin advocate, rose 4.7% to $415.41, while trading platform Coinbase Global advanced 5.4% to $373.85.- Ends advertisement
Indian Express
10-07-2025
- Business
- Indian Express
Bitcoin soars to all-time peak just shy of $112,000
Bitcoin climbed to an all-time high near $112,000 late on Wednesday, bolstered by an increased risk appetite and persistent institutional demand as traditional financial market players embraced the world's largest cryptocurrency. It touched a record peak of $111,988.90 and was last up 0.4% at $111,259. Since the beginning of the year, bitcoin has advanced more than 18%. 'Bitcoin is the only asset I am aware of where it becomes less risky as it grows in size,' wrote Anthony Pompliano, founder and CEO of Professional Capital Management in a letter to investors on Wednesday. 'There were few sophisticated capital allocators who could gain exposure when bitcoin was $100-200 billion market cap. Now that the asset is measured in trillions, almost every capital allocator on the planet can put the exposure on.' The Trump administration's crypto-friendly policies have bolstered digital assets overall, opening pools of capital to the sector. For instance, Trump Media & Technology Group, run by the U.S. president's family, is looking to launch an exchange-traded fund that will invest in multiple crypto tokens, including bitcoin, ether, solana and ripple, according to a filing with the U.S. markets regulator on Tuesday. Bitcoin's rally also spread to other cryptocurrencies. Ether, the second-largest digital currency in terms of market capitalization, also rallied, hitting a one-month high of $2,794.95. It last traded up 5.4% at $2,740.99. Other crypto-related stocks also gained. Strategy, co-founded by the leading voice in the bitcoin treasury movement Michael Saylor, rose 4.7% to $415.41, while Coinbase Global advanced 5.4% to $373.85.
