Jim Cramer Capitulates on Bitcoin: ‘Technological Marvel … It’s Here to Stay’
The Mad Money Host three months ago was highly bearish on the world’s largest cryptocurrency.
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The Mad Money Host three months ago was highly bearish on the world’s largest cryptocurrency.
The latest price moves in bitcoin [BTC] and crypto markets in context for Jan. 2, 2024. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Some investors have bought the “No side shares” of the prediction contract to hedge against potential delays in the SEC’s approval of spot ETFs.
U.S.-listed companies rode bitcoin’s bullish momentum to show significant gains in pre-market trading, including COIN, MSTR, MARA and RIOT.
Data tracked by Matrixport show global average perpetual funding rates rose to a record 66% annualized early Monday.
Speculation has been ramping up that regulatory approval for a U.S.-based spot bitcoin ETF is coming this week.
Bitcoin slipped below $42,000 on Friday, stalling below its yearly high.
Bitcoin miners’ reserves slid to the lowest since May following a spate of withdrawals to exchanges this week, data from CryptoQuant shows.
The latest price moves in bitcoin [BTC] and crypto markets in context for Dec. 29, 2023. First Mover is CoinDesk’s daily newsletter that contextualizes the latest actions in the crypto markets.
Net outflows from exchanges are often taken to represent investors’ intention to hold coins for long-term.