Online brokerage Robinhood is expanding its offerings with the launch of futures trading, including Bitcoin and other assets. Expanding Beyond Stocks The company, known primarily for stock trading, introduced cryptocurrency trading in 2018 and has been steadily diversifying its offerings.
Leading cryptocurrencies lost their early gains on Thursday as investors awaited the release of crucial inflation data. Cryptocurrency Gains +/- Price (Recorded at 7:45 p.m. ET) Bitcoin (CRYPTO: BTC) +0.
Standard Chartered placed its forecast for Bitcoin at $200,000 for the end of 2025, while global investment manager VanEck believes the first quarter of the year might see Bitcoin reaching a high of $180,000. Others like Bernstein estimate that the world’s largest cryptocurrency will scale $200,000 later this year.
Bitcoin began the year by hitting a new all-time high of $109,588 on January 20, ending with a return of over 11.00% in the month. According to Bitcoin’s historical data, BTC generally yielded the third-highest returns for traders in February, averaging 15.66%. Traders could expect an optimistic boost in the next month.
As we keep an eye on the macro landscape, the pivotal U.S. core PCE — the Fed’s go-to measure for inflation — is set to be released. Expectations are for a hot headline figure, with core reading, which excludes food and energy, showing positive improvements that might help BTC break out of its dull price action near $104,000.
A low-cost solo mining rig was used to mine a Bitcoin block on Wednesday, though they secured the $330K prize with a little help.
Bitcoin could top fresh records in the coming days, with prices soaring to as high $130,000 in the coming months, Standard Chartered wrote.
Bitcoin price soared back toward range highs after this week’s FOMC meeting, but data show retail investors largely absent from the current bull market.
As Bitcoin crosses $108,000, experts argue that thinking in Satoshis could make the cryptocurrency more accessible to retail investors.
The Czech National Bank will consider holding billions of dollars worth of bitcoin in its reserves, Governor Ales Michl said on Wednesday, potentially the first shift into the cryptocurrency by a western central bank if it went ahead.
Tether has undeniably played a pivotal role in bridging traditional finance with the digital currency world. However, its associations with illicit activities and concerns about transparency may pose systemic risks.