Bitcoin ETF weekly inflows the largest since launch - analyst

Bitcoin has already surpassed gold in investor portfolio allocation - JPMorgan

March 15, 2024 8:20 AM EDT

JPMorgan managing director Nikolaos Panigirtzoglou said that, when adjusting for volatility, Bitcoin's allocation in investor portfolios has already outpaced that of gold. Specifically, the flagship cryptocurrency has a 3.7 times greater allocation compared to the bullion.

He highlighted a net inflow of $9 billion into Bitcoin ETFs since their inception,... More

Coinbase Global Inc. (COIN) PT Raised to $150 at JPMorgan

March 15, 2024 4:31 AM EDT

JPMorgan analyst Kenneth Worthington raised the price target on Coinbase Global Inc. (NASDAQ: COIN) to $150.00 (from $95.00) while maintaining a Neutral rating.

The analyst comments "We see Ethereum and its native token Ether as a substantial contributor to the cryptocurrency ecosystem, developer of blockchain technology, and driver of Coinbase earnings. With ETH having rallied ~70% YTD surpassing the $4k... More

Volatile bitcoin falls from record high as crypto frenzy hits pause

March 15, 2024 1:22 AM EDT

SINGAPORE (Reuters) - Bitcoin eased to a one-week low in volatile trade on Friday, as investors took profit from its run to a record high and as another upside surprise on U.S. inflation dimmed prospects of early rate cuts there and dented demand for riskier assets.

Bitcoin fell more than 5% in the Asian session to bottom at $66,629.96, before paring some of its losses to last trade 3.5% lower.

The choppy moves in the world's largest cryptocurrency came a day after its charge to a high of $73,803.25, setting a new record for a fourth straight day.

"Bitcoin... More

Are investors shifting from gold to bitcoin? JPMorgan answers

March 14, 2024 10:43 AM EDT

The combination of year-to-date outflows from gold exchange-traded funds (ETFs) and significant inflows into Bitcoin ETFs is raising questions about whether investors are diverting their funds from the bullion to the worlds largest cryptocurrency.

Driven by strong interest in spot Bitcoin ETFs, BTC funds experienced an inflow of $10.6 billion so far this year,... More

Binance Employees to Remain in Custody in Nigeria - WSJ

March 13, 2024 5:03 PM EDT

Binance Employees to Remain in Custody in Nigeria - WSJ

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BTIG Starts Bitdeer Technologies Group (BTDR) at Buy

March 13, 2024 5:36 AM EDT

BTIG analyst Gregory Lewis initiates coverage on Bitdeer Technologies Group (NASDAQ: BTDR) with a Buy rating and a price target of $15.00.

The analyst comments "Bitdeer (BTDR) is an established global Bitcoin (BTC) miner with a diversified footprint with ~7 EH of self-mining hash... More