By Kapil Rajyaguru
Bitcoin Becomes Fifth Largest Global Asset, Surpasses Google’s Market Cap.
Bitcoin has become the fifth-largest asset by market capitalization, reaching $1.86 trillion and surpassing Google as it breaks through $94,000.
This marks the highest position Bitcoin has ever attained in the rankings, even though its market cap previously exceeded $2 trillion when its price was over $109,000. At that time, however, tech stocks were significantly more elevated than they are at the moment.
Cantor Partners with Tether, Bitfinex for $3bn Bitcoin Fund.
Brandon Lutnick, the chair of Cantor Fitzgerald, is partnering with SoftBank, Tether, and Bitfinex to launch a $3 billion Bitcoin acquisition company, as per the report by the Financial Times on April 23.
According to the report, the venture aims to create a publicly listed firm that can capitalize on the growing crypto market during Donald Trump’s presidency, mirroring the success of Michael Saylor’s company, Strategy.
The deal will convert Tether, SoftBank, and Bitfinex’s Bitcoin investments into shares of 21 Capital. The Bitcoin’s value will be locked at $85,000 per coin, while shares will be priced at $10 each. However, the deal is still in progress, and some details may change.
Bitcoin Price will Hit $200000 with 100% Jump in 2025: Standard Chartered.
Geoffrey Kendrick from Standard Chartered has made another prediction on crypto; this time, he made some statements around Bitcoin that can reach new heights.
He predicts that the value of Bitcoin could escalate to $200,000 by the end of 2025 and even $500,000 by 2028. As per the current price of Bitcoin, which is around $94,000, Bitcoin can jump up to 100% by this year.
Kendrick’s bullish view is mostly due to Bitcoin’s singular position as a hedge against risks in the financial system, especially during times of uncertainty.
As per him, Bitcoin’s primary function is as a safeguard against financial system risks. The cryptocurrency’s decentralized nature makes it a solid option during periods of financial instability.
Ripple Beats Bitcoin And Shiba Inu To Become Most Traded Cryptocurrency In India.
Unexpectedly, Ripple (XRP) has become the most popular digital asset among Indian traders. A recent CoinSwitch report found that XRP now commands 13.3% of the overall trading volume in India, outperforming both Bitcoin and the previous favourite Shiba Inu.
Bitcoin was a close second at 8.4%, and Dogecoin followed at 6.4%. Other high-activity assets include Solana, Ethereum, PEPE, Shiba Inu, and Cardano.
According to the CoinSwitch report, Bitcoin accounts for 6.9% of long-term holdings, followed closely by Dogecoin: 6.6%, Ethereum: 5.2%, and Shiba Inu: 4.2%. Ripple accounts for 3.5% of long-term holdings in India.
You need to login in order to Like
Leave a comment