Tags : cap

Bitcoin

Ex-fund manager pegs Bitcoin at $2 million by 2031. But

Greg Foss, the Executive Director of Validus Power Corp, which uses flare gas to mine Bitcoin, lays out the case for a $2 million BTC price. Although sky-high price predictions are nothing new, Foss’s forecast is up there among the highest. Having said that, what is the reasoning behind his prognosis? Oil and gas to […]Read More

Bitcoin

Bitcoin Reclaims $1 Trillion Market Cap: What’s In Store?

Earlier today, Bitcoin rose to its highest level since late February and regained its $1 trillion market cap. Recently, Bitcoin was unable to break key resistance at $50,000, as it failed to find support over its 50-, 100-, and 200-day SMA points on the 4-hour time frame. With continued institutional buying, however, Bitcoin was able […]Read More

Bitcoin

Bitcoin Market Cap Tops $1 Trillion For First Time Ever

Bitcoin price just touched $54,000 per coin, and at a circulating supply of more than 18.6 million BTC, that brings the total market cap of the first ever cryptocurrency to $1 trillion. Here’s what this incredible milestone means for the leading cryptocurrency in the the market. From $100 Billion To $1 Trillion In A Year […]Read More

Market

Market Wrap: Crypto Market Cap Breaks $1.5T as Buyers Show

Bitcoin has fully pared losses from Sunday’s dip as the leading cryptocurrency fell from around $48,600 to below $46,000 early Monday morning. As of 21:00 UTC (4 p.m. ET), bitcoin was trading above $48,600 on Coinbase. But the leading cryptocurrency still has yet to trade above the psychologically significant $50,000 mark.  Much of bitcoin’s choppy […]Read More

Bitcoin

Tesla’s Investment Puts Bitcoin Market Cap En Route to $1tn

When PlanB released its widely-circulated bullish paper, titled “Modeling Bitcoin Value with Scarcity,” in 2019, he raised many eyebrows for predicting a $1 trillion market valuation for the world’s first truly decentralized cryptocurrency. In retrospect, PlanB noted that certain precious metals, such as gold, have historically maintained a monetary role because of their costliness and […]Read More

Regulation

Bitcoin ETF unlikely until market cap reaches $2 trillion, fund

A crypto manager said that the much-awaited Bitcoin ETF in the US would likely be delayed until the milestone is reached. Sorry, no Bitcoin ETF Bitcoin and cryptocurrency exchange-traded funds (ETFs) have been on the wishlist of crypto market participants for years now, especially among the retail and professional managers in the US. Such products […]Read More

Market

Cathie Wood: Bitcoin ETF Approval Unlikely Until Market Cap Rises

Ark Investment Management CEO Cathie Wood said she doubts U.S. regulators will green-light a bitcoin exchange-traded fund before the original cryptocurrency’s market cap hits $2 trillion. “The flood of demand has to be satisfied so it’s going to have to get well over a trillion dollars – $2 trillion, I think, before the [U.S Securities […]Read More

Market

Bitcoin Miner Bit Digital Passes $1B Market Cap

The leader in blockchain news, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. Source linkRead More