News

Bitcoin returns to $98,000.Crypto futures saw $500 million in liquidations amid volatility.Brokers raise price targets for MicroStrategy.

Bitcoin returns to $98,000.Crypto futures saw $500 million in liquidations amid volatility.Brokers raise price targets for MicroStrategy.

(Bloomberg) -- With a crypto-friendly commander-in-chief returning to the White House, Wall Street is ready to unleash a new generation of speculative products across the $3.2 trillion industry to sate investor appetite — from institutional newbies to die-hard retail traders.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener Futur

Major cryptocurrencies were up ahead of Monday's US equities open as analysts raised their price target on MicroStrategy (MSTR) stock based on the value of the company's growing bitcoin holdings.

Last week was moderate for the broader market indexes but was a winning one for bitcoin, artificial intelligence (AI) and gold.

Shares in MicroStrategy, the largest corporate holder of bitcoin, initially jumped and then fell Monday after the software company said it had bought $5.4 billion of the cryptocurrency.

The new venture firm is raising money as crypto markets roar back.

Bitcoin has added nearly $1 trillion in value this year.

Bitcoin ETF BITS hit a new 52-week high lately. Can it soar higher?

(Bloomberg) -- A stock-market rally boosted by President-elect Donald Trump’s victory is set to put upward pressure on the Federal Reserve’s preferred inflation gauge, which in turn could keep interest rates elevated.Most Read from BloombergNew York City’s ‘Living Breakwaters’ Brace for Stormier SeasIn Kansas City, a First-Ever Stadium Designed for Women’s Sports Takes the FieldNYC's Underground Steam System May Be Key to a Greener FutureNYC Gets Historic Push for 80,000 Homes With $5 Billion Pl