Key takeaways Bitcoin is approaching a major supply milestone. The final coins will take more than a century to be mined. Shortages will influence prices, but risks remain. Bitcoin is approaching a historic milestone that indicates it is reaching the end of its tightly controlled supply: the mining of its 20 millionth coin. At the…
Rising tensions around the Strait of Hormuz are once again forcing cryptocurrency traders to look beyond blockchain fundamentals and towards global macro risk. Approximately 20% of the world’s oil supply passes through the narrow shipping corridor between Iran and Oman daily. While a complete shutdown has not been confirmed, the escalation of military activity in…
CEO Michael Saylor doubled down on Bitcoin (BTC) earlier this week, announcing via social media that his company Strategy (MSTR), formerly known as MicroStrategy, purchased an additional 1,142 BTC for approximately $90 million at an average price of $78,815 per coin. The acquisition brings the company’s total Bitcoin holdings to 714,644 BTC, accrued at a…
US stock futures face a downward trajectory, signaling a challenging start to 2024 after a successful year that nearly took the S&P 500 to a new record. S&P 500 futures (^GSPC) saw a 0.6% drop, accompanied by a 0.5% drop, equivalent to approximately 180 points, for Dow Jones Industrial Average (^DJI) futures. Additionally, contracts associated…
Investor sentiment falters as US stock index futures decline on Tuesday, anticipating a wave of economic indicators and crucial events scheduled for the week, particularly appearances by Federal Reserve Chair Jerome Powell. The recent AI-driven surge on Wall Street takes a breather as attention shifts to new signals about the Federal Reserve’s stance on monetary…
