What Does a 60/40 Portfolio Look Like if We Replace Bonds With Bitcoin? A Lot Better: Van Straten
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Equities
Crypto Equities Surge More Than 10% as U.S. Political Uncertainty Diminishes with Trump Victory
MicroStrategy and Coinbase both added 12%, with bitcoin miners also gaining more than 10% in pre-market trading.
Iris Energy Has Committed Most of Childress Site to Expansion of Bitcoin Mining: Bernstein
The bitcoin miner’s shares slumped yesterday after a Culper Research report said the site was unsuitable for artificial intelligence and high-performance computing.
Crypto Bulls Frustrated as Bitcoin and Stocks Recouple – to the Downside
A continuing series of record highs for the S&P 500 and Nasdaq over the past weeks has done nothing to prop up sliding crypto prices, but Thursday saw both asset classes tumbling together.
MicroStrategy to Split Stock 10:1 After Share Price Triples in a Year on Bitcoin Rally
The company is the largest corporate bitcoin holder with more than $13 billion worth of BTC in its treasury.
U.S.-Listed Bitcoin Miners Reached Record Total Market Cap of $22.8B in June: JPMorgan
Mining stocks outperformed bitcoin in the first half of the month as investors reacted positively to news of Core Scientific’s AI deal with CoreWeave, the report said.
Coinbase Gets Another Upgrade, This Time at Raymond James, as Bears Capitulate
The brokerage firm lifted its rating on the crypto exchange’s shares to market perform from underperform.
MicroStrategy Shares Offer Better Exposure to Crypto Than Coinbase: Berenberg
Macro drivers of demand for bitcoin are bullish for MicroStrategy shares, the report said.
Bitcoin Holds Strong Over $23.6K to Continue Recent Consolidation
DeFi giant Maker’s MKR token surged nearly 19%. Equities turned mixed amid ongoing investor worries about inflation.