Bitcoin Price Hit ATH , Why is BTC price Pumping?
CoinGape (RSS)
Bitcoin has achieved a broken-through resistance level to achieve an all-time high of $72,242.51. Having achieved a new ATH on March 5, 2024, and dropped to $63.80, BTC price has defied all odds soaring by 13% within six days. The bulls are in celebration and optimistic that Bitcoin will hit $80,000 before halving. So, what drove up Bitcoin price to its peak?
Market Performance of Bitcoin Price
Bitcoin price is trading at $71,947, demonstrating growth of 4.64% in the past day, even though it is slightly below its all-time high of $72,850.71 by 1.33%. After breaking through the milestones, BTC price has soared to 116363188.87% since its launch in 2009. There was also growt...
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CoinGape (RSS)
Bitcoin has achieved a broken-through resistance level to achieve an all-time high of $72,242.51. Having achieved a new ATH on March 5, 2024, and dropped to $63.80, BTC price has defied all odds soaring by 13% within six days. The bulls are in celebration and optimistic that Bitcoin will hit $80,000 before halving. So, what drove up Bitcoin price to its peak?
Market Performance of Bitcoin Price
Bitcoin price is trading at $71,947, demonstrating growth of 4.64% in the past day, even though it is slightly below its all-time high of $72,850.71 by 1.33%. After breaking through the milestones, BTC price has soared to 116363188.87% since its launch in 2009. There was also growt...
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Thomson Reuters Says It Has $8 Billion to Invest in AI
Cryptopolitan (RSS)
Thomson Reuters is making a significant push into artificial intelligence (AI), having announced it has a massive $8 billion war chest for acquisitions and internal development. This strategic shift comes as the company divests its remaining stake in the London Stock Exchange Group (LSEG).
Supercharging AI for Legal and Accounting Professionals
CEO Steve Hasker outlined the company’s ambitious plans in a recent interview with the Financial Times. He emphasised Thomson Reuters’ “tremendous financial firepower” to expand AI-driven professional services and information. This includes a dedicated annual investment of over $100 million towards developing generative AI (GenAI) technologies specifically for legal and accounting professionals.
“We have dry powder of around $8 billion as a result of the cash-generative ability of our existing business, a very lightly levered balance sheet and the sell down of [our sta...
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Cryptopolitan (RSS)
Thomson Reuters is making a significant push into artificial intelligence (AI), having announced it has a massive $8 billion war chest for acquisitions and internal development. This strategic shift comes as the company divests its remaining stake in the London Stock Exchange Group (LSEG).
Supercharging AI for Legal and Accounting Professionals
CEO Steve Hasker outlined the company’s ambitious plans in a recent interview with the Financial Times. He emphasised Thomson Reuters’ “tremendous financial firepower” to expand AI-driven professional services and information. This includes a dedicated annual investment of over $100 million towards developing generative AI (GenAI) technologies specifically for legal and accounting professionals.
“We have dry powder of around $8 billion as a result of the cash-generative ability of our existing business, a very lightly levered balance sheet and the sell down of [our sta...
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Emerging Altcoins to Keep an Eye On: Scapesmania, Optimism, and SUI
Cryptopolitan (RSS)
The cryptocurrency market is currently witnessing a notable upswing, primarily fueled by substantial institutional moves. Bitcoin has broken its previous record highs, now trading above $72,000, thanks to significant backing from institutional giants such as BlackRock and Fidelity. This surge is closely linked to the recent green light for Bitcoin spot exchange-traded funds (ETFs) in January. The entry of these institutional players signifies a crucial transformation in market dynamics, pointing towards a more evolved and stable landscape. Although a significant market correction is expected around the Bitcoin halving event in April, it’s predicted that any downturn will be quickly countered by institutional buying power.
There are several coins that might show great results in view of the latest shifts or potential developments in the market. Below, you will find examples of coins that are well-e...
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Cryptopolitan (RSS)
The cryptocurrency market is currently witnessing a notable upswing, primarily fueled by substantial institutional moves. Bitcoin has broken its previous record highs, now trading above $72,000, thanks to significant backing from institutional giants such as BlackRock and Fidelity. This surge is closely linked to the recent green light for Bitcoin spot exchange-traded funds (ETFs) in January. The entry of these institutional players signifies a crucial transformation in market dynamics, pointing towards a more evolved and stable landscape. Although a significant market correction is expected around the Bitcoin halving event in April, it’s predicted that any downturn will be quickly countered by institutional buying power.
There are several coins that might show great results in view of the latest shifts or potential developments in the market. Below, you will find examples of coins that are well-e...
View original post
Emerging Altcoins to Keep an Eye On: Scapesmania, Optimism, and SUI
Cryptopolitan (RSS)
The cryptocurrency market is currently witnessing a notable upswing, primarily fueled by substantial institutional moves. Bitcoin has broken its previous record highs, now trading above $72,000, thanks to significant backing from institutional giants such as BlackRock and Fidelity. This surge is closely linked to the recent green light for Bitcoin spot exchange-traded funds (ETFs) in January. The entry of these institutional players signifies a crucial transformation in market dynamics, pointing towards a more evolved and stable landscape. Although a significant market correction is expected around the Bitcoin halving event in April, it’s predicted that any downturn will be quickly countered by institutional buying power.
There are several coins that might show great results in view of the latest shifts or potential developments in the market. Below, you will find examples of coins that are well-e...
View original post
Cryptopolitan (RSS)
The cryptocurrency market is currently witnessing a notable upswing, primarily fueled by substantial institutional moves. Bitcoin has broken its previous record highs, now trading above $72,000, thanks to significant backing from institutional giants such as BlackRock and Fidelity. This surge is closely linked to the recent green light for Bitcoin spot exchange-traded funds (ETFs) in January. The entry of these institutional players signifies a crucial transformation in market dynamics, pointing towards a more evolved and stable landscape. Although a significant market correction is expected around the Bitcoin halving event in April, it’s predicted that any downturn will be quickly countered by institutional buying power.
There are several coins that might show great results in view of the latest shifts or potential developments in the market. Below, you will find examples of coins that are well-e...
View original post
Ether Put Demand Signals Weakness After $4K Price Breakout
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.
CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data (RSS)
By locking in the right to sell ETH at a predetermined price, options traders are preparing for short-term weakness after the cryptocurrency hit a two-year high.