US stocks climbed on Thursday in a choppy trading session as Wall Street weighed earnings from major tech giants and digested fresh economic data. The S&P 500 gained 0.7%, while the Nasdaq Composite rose 0.
Tesla missed Wall Street’s fourth-quarter earnings estimates despite being helped by a gain in the company’s bitcoin holdings. Shares rose anyway in late trading as nothing really changed in the outlook for self-driving cars and new EV models designed to boost growth.
Either MicroStrategy’s Michael Saylor is a visionary, or he’s a delusional egomaniac,” Forbes observed in 1998, during the company’s first incarnation as a Wall Street highflyer.
Bitcoin’s four-year boom-bust cycle could be shaken up as Wall Street has a clearer path to adopt crypto after Donald Trump’s executive order, says Bitwise’s Matt Hougan.
Trump’s executive order fuels $1.9B in crypto inflows, reshaping Bitcoin’s cycle and paving the way for a potential $200K price surge in 2025.
The cryptocurrency market is showing signs of recovery as anticipation builds around the Federal Reserve’s upcoming rate decision.
After years of lobbying by the crypto industry, the U.S. Securities and Exchange Commission has rescinded an accounting rule that forced banks to treat bitcoin and other tokens as a liability on their balance sheets.
The Bitcoin price rose 4% in the last 24 hours while traders rush to buy this Pepe 2.0 ICO that might sell out soon.
Tether has undeniably played a pivotal role in bridging traditional finance with the digital currency world. However, its associations with illicit activities and concerns about transparency may pose systemic risks.
Ethereum used to be seen as the most likely challenger to Bitcoin’s status as the preeminent cryptocurrency, and the one best positioned to make the blockchain a more useful technology.Most Read from BloombergWhat Happened to Hanging Out on the Street?
Electric vehicle manufacturer Tesla reported a $589 million gain from its Bitcoin holdings after an accounting rule change in the US.