Tag: RIOT
-
Bitcoin is Quickly Approaching $60,000
Bitcoin has been explosive. Over the last day, the digital currency is up nearly $1,853 to $56,383.10 – and could be headed to $60,000 near-term. All thanks to the upcoming Bitcoin halving, a potential U.S. government shutdown, and the fear of missing out (FOMO) among traders. With regards to the halving, “Today is settlement day…
-
The Bitcoin FOMO Rally is Far from Over
The Bitcoin rally is just getting underway. In fact, after crossing the $50,000 threshold, it could see higher highs. According to analysts at Bernstein, “Bitcoin’s best days are yet to happen as the ETF-driven market fuels fears of missing out (FOMO). In this context, they believe BTC is well-placed to soar to new record highs.”…
-
Top Ways to Trade the Latest Bitcoin Rally
Bitcoin (BTC) is exploding again. And as long as that lasts, you may want to jump into its beneficiaries, including the mining stocks (Marathon Digital and Riot Platforms) and even stocks in companies with significant BTC holdings, including MicroStrategy (MSTR). Even the ProShares Bitcoin Strategy ETF (BITO) should push aggressively higher. Part of the reason…
-
Top Ways to Trade the Bitcoin Boom
“With Bitcoin still pushing higher, keep an eye on the miners,” we said on Nov. 15. “Last checked, BTC was up to $37,471, and could see $40,000 near-term. All in anticipation of a Bitcoin ETF.” Today, Bitcoin just crossed $44,000 and could see higher highs. As for the miners, and other Bitcoin-related stocks we mentioned…
-
Top Ways to Trade the Bitcoin Boom
With Bitcoin still pushing higher, keep an eye on the miners. Last checked, BTC was up to $37,471, and could see $40,000 near-term. All in anticipation of a Bitcoin ETF. In fact, “At least nine asset management firms — including BlackRock, Wisdom Tree, Valkyrie, and others — are waiting for Securities and Exchange Commission approval…
-
Bitcoin Mining Stocks Could See Higher Highs
With Bitcoin rocketing higher, the miners are running higher, too. As we noted on June 22, “Bitcoin miners could see higher highs. All thanks to the latest rally in Bitcoin, and speculation the US SEC could approve a Bitcoin spot price ETF from BlackRock.” And so far, so good. We mentioned Riot Platforms (RIOT), noting,…
-
Top Ways to Trade a Potential Bitcoin ETF
Bitcoin miners could see higher highs. All thanks to the latest rally in Bitcoin, and speculation the US SEC could approve a Bitcoin spot price ETF from BlackRock. In fact, “If [BlackRock’s] Bitcoin ETF is approved, that will open the floodgates of institutional adoption of Bitcoin. As a result, that will likely drive the price…
-
Two Top Ways to Trade the Bitcoin Recovery
Bitcoin is on fire. All thanks to a growing appetite for risk among investors. In fact, according to Barron’s, “Crypto fundamentals are taking a backseat here and the primary driver is what the overall appetite is for risky assets,” said Edward Moya, an analyst at broker Oanda. If the bottom is finally in, investors may…
-
Top Ways to Trade a Potential Bitcoin Bounce
Keep an eye on Bitcoin. After a devastating pullback from about $48,000 to $26,000, it’s just starting to pivot higher. It’s also incredibly oversold on RSI, MACD, and Williams’ %R. Plus, most of the Terra USD (UST) crash may have been priced into the crash, too. “Bitcoin has been a casualty of the broader market selloff…
-
The Top 3 Cryptocurrency Miners to Own on Pullback
The pullback in cryptocurrencies was a buy opportunity. In fact, every time China makes a threat against cryptocurrencies, we see an inevitable pullback, followed by an inevitable rally. Sure, according to the People’s Bank of China, services offering trading, order matching, token issuance, and derivatives are now prohibited, as are overseas cryptocurrency exchanges that provide…