Crypto News
MicroStrategy’s Dismal December Still Keeps It at Top of 2024 Bitcoin-Tied Asset Rankings
Disclaimer: The analyst who wrote this piece owns shares of MicroStrategy (MSTR)It's been a tough month for MicroStrategy (MSTR), the software developer turned bitcoin (BTC) accumulator. Its stock has tumbled almost 50% since November, when it joined the Nasdaq 100 index and peaked at a 600% gain since the start of the year.That still leaves the Tysons Corner, Virginia-based company a whopping 342% ahead in 2024, the biggest return among the highest-profile crypto-linked assets in traditional finance (TradFi).It's been a volatile year, packed with geopolitical and technological developments to rattle financial markets. The continuing wars in eastern Europe and the Middle East, elections across the globe, the unwinding of the yen carry trade in August and the growth of artificial...
Euro Usage Tanks, Leading Decline Among Currencies on SWIFT Over the Last 10 Years
According to data released by SWIFT, the use of the euro as a settlement currency for international payments has fallen significantly. Its utilization share has decreased by 6.83% compared to 2014, with only 22.29% of global payments employing it. Euro Tanks, Dollar Thrives in Swift Share Charts The future seems bleak for the euro, asSource link
Ether Seen Outperforming Bitcoin in 2025, Steno Research Says
Ether (ETH), the second-biggest cryptocurrency by market cap, is likely to outperform larger rival bitcoin (BTC) in 2025, Steno Research said in a report Sunday, citing historical trends and Donald Trump's U.S. election victory.Bitcoin is predicted to reach a minimum of $150,000 next year, up from about $94,000, while ether will more than double to at least $8,000 from $,3400, the report said.Steno said it expects the ether/bitcoin ratio to rise to 0.06 in the next 12 months from the current 0.0357, echoing the price action seen in previous cycles.Altcoins will be in focus, it said. "This expectation is partly based on the argument that Donald Trump's U.S. presidential victory is more favorable for altcoins than for bitcoin," analyst Mads...
Latam Insights Encore: El Salvador’s Bitcoin Push Persists, Undeterred by IMF Deal
Welcome to Latam Insights Encore, a deep dive into Latin America’s most relevant economic and cryptocurrency news from the past week. This edition examines the defiant stance of El Salvador’s government on bitcoin and how Bukele will continue to push for its adoption and purchases despite the recently issued IMF deal. Latam Insights Encore: ElSource link
XRP Volumes Zoom Ahead of Bitcoin, Dogecoin in South Korea. What’s Next?
XRP trading volumes on South Korea's biggest crypto exchanges have overtaken those of bitcoin (BTC) and ether (ETH) in a sign of flurried interest that often precedes price volatility.Total trading volume against the won on UpBit, Bithumb and Korbit, the country’s largest exchanges by volumes and users, topped $800 million in dollar value in the past 24 hours.XRP registered over $200 million in volumes on Bithumb and $600 million on UpBit, with bitcoin (BTC) trading volumes less than half of those on both exchanges. Interest in other assets, such as dogecoin (DOGE) or ether (ETH) was even lower, reaching just a 10th of the demand seen for XRP.A wild increase in trading volume is often a harbinger of increased volatility...