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Daily Digital Currency Summary (2024-12-12)
The USA Supreme Court recently dismissed NVIDIA's appeal regarding a collective lawsuit from investors, which accused NVIDIA of misleading shareholders about the impact of the Cryptos market on its sales.
SA Charts: How Did Bitcoin Miners Perform in November?
Shares of Crypto-related Stocks Are Trading Higher Amid a Rise in Bitcoin.
Eric Trump, the second son of Trump: The USA is about to welcome the most crypto-friendly government in history!
① Eric, the second son of Trump, the elected president of the USA, stated that the Trump administration will become the most friendly government towards Cryptos in USA history. ② Eric mentioned at the Bitcoin Middle East and North Africa conference that Trump will promote USA's leadership in the "digital revolution" and promised not to impose excessive regulation on Cryptos.
Roth MKM Maintains IREN Ltd(IREN.US) With Buy Rating, Maintains Target Price $25
Identifying XRP's Price Targets After Ripple's Stablecoin Gets NYDFS Approval
Bitcoin once dipped below $95,000! Microsoft shareholders voted against the Bitcoin investment proposal: there is no guarantee of returns.
① Microsoft’s major shareholders voted against including Bitcoin on the company's balance sheet, believing it does not align with the long-term interests of shareholders; ② The Board of Directors of Microsoft opposes investing in Bitcoin, stating that corporate funds require stable and predictable investments to ensure liquidity and operational funds.
Roth MKM Maintains IREN Ltd(IREN.US) With Buy Rating, Raises Target Price to $25
IREN Shares Are Trading Lower After JP Morgan Downgraded the Stock From Overweight to Neutral.
Ray Dalio, founder of Bridgewater Fund: Invest in Gold and Bitcoin, and stay away from debt-related Assets.
On Tuesday, Ray Dalio, co-founder of Bridgewater Associates, one of the largest hedge funds in the world, stated at a financial conference in Abu Dhabi that in the context of worsening debt issues facing most major economies, he prefers to invest in "hard currencies" such as Gold and Bitcoin, while avoiding debt-related Assets: I believe there may be issues with debt currencies. I want to avoid debt-related Assets, such as Bonds and Other forms of debt, and Hold some hard currencies, such as Gold and Bitcoin. Hard currencies typically refer to currencies backed by physical Commodities like Gold and Silver, and Bitcoin is also classified as a hard currency due to its stability and controllable supply.
Avalanche [AVAX] Drops 23%, Finds Support at $40: What's Next?
Cryptocurrencies Price Prediction: Bitcoin, Altcoin & Crypto – European Wrap 10 December
XRP Eyes $2 as Correction Intensifies: Can It Avoid Further Decline?
Iris Energy Price Target Raised to $15.00/Share From $9.50 by JP Morgan
Iris Energy Cut to Neutral From Overweight by JP Morgan
IREN Analyst Ratings
J.P. Morgan Downgrades IREN Ltd(IREN.US) to Hold Rating, Raises Target Price to $15
On the night when Chinese concept stocks rose, small coins crashed.
In the past 24 hours, more than 567,000 people across the Cryptos network were liquidated, with a liquidation amount reaching 1.71 billion dollars, the second highest in history. Bitcoin briefly fell below 95,000 dollars, while Ethereum came close to 3,500 dollars at one point. The Small Cap Index recorded the largest intraday drop of the year.
The "Trump Mania" in the crypto circle shows signs of cooling down, and the volatility of cryptos has returned again.
As the optimism sparked by the support of USA President-elect Trump for the Cryptos industry begins to wane, a wave of selling has hit the Cryptos market.
Daily digital currency update summary (2024-12-10)
According to Bloomberg, since Donald Trump was elected president of the usa, nearly 10 billion dollars have flowed into us etfs that invest directly in bitcoin, as people bet that Trump's embrace of the cryptos industry will signal market prosperity.