Bloomberg Intelligence Senior Macro Strategist Mike McGlone suggests that Bitcoin’s remarkable outperformance of gold may indicate the emergence of a new supercycle for the leading cryptocurrency. As The Daily Hodl has reported, recently, over on Twitter, McGlone emphasized Bitcoin’s advantages over gold, including its low but growing adoption rate and diminishing supply, stating, “Bitcoin beating gold, the top-performing old-guard commodity […]

Bitcoin rallied more than 2 percent overnight to rise above the $28 level amidst a banking crisis that continues worrisome and lent the digital asset a safe haven appeal. Overall crypto market capitalization rose 0.63 percent overnight to touch $1.17 trillion. Bitcoin has increased 2.3 percent overnight, 18.7 percent in the past week and 68 percent in 2023 and is […]

Shares of Chinese electric vehicles maker XPeng Inc. (XPEV) are rising more than 12% Friday morning after reporting fourth-quarter loss that beat analysts’ view. Net loss attributable to ordinary shareholders of XPENG was RMB2.36 billion (US$0.34 billion) for the fourth quarter, compared with RMB1.29 billion for the same period last year. Net loss per ADS was RMB2.57 or $0.37. Excluding […]

Cryptocurrencies are trading almost 1.5 percent lower in the past 24 hours amidst anxiety ahead of the interest rate review by the European Central Bank. Cryptocurrencies had traded in the green zone earlier in the day as panic over bank crisis contagion subsided following the massive lifeline from the Swiss National Bank to the beleaguered Credit Suisse. Markets are eagerly […]

Bitcoin is gaining significant bullish momentum following a potpourri of multiple tailwinds, including the launch of event contracts on BTC futures by the world’s leading derivatives marketplace, CME Group. CME Opens Trading For Event Contracts On BTC Futures On March 13, CME Group rolled out bitcoin futures events contracts. This new financial product will “provide a limited-risk, highly transparent way […]

On Tuesday (March 14), the Bitcoin price continued its highly impressive post-SVB-collapse rally, surging above the $26,400 level for the first time since June 12, 2022. Bitcoin’s post-SVB collapse rally has taken the $BTC price from around $19,616 to $26,471 for a gain of 35% in less than four days. Schiff, who is one of Bitcoin’s harshest critics, is the CEO […]

Cryptos extended gains, rising close to 12 percent overnight amidst the latest CPI readings from the U.S. that conformed to expectations. As expected, annual CPI dropped to 6 percent in February from 6.4 percent in the previous month. Core inflation also dropped as expected to 5.5 percent, from 5.6 percent in January. With no negative surprises on the inflation front […]

ZIM Integrated Shipping Services Ltd. (ZIM), an Israeli container liner shipping company, reported Monday that its fourth-quarter net income fell to $417 million from last year’s $1.71 billion. Earnings per share were $3.44, down from $14.17 in the fourth quarter of 2021. On average, four analysts polled by Thomson Reuters expected earnings of $3.05 per share for the quarter. Analysts’ […]