Latest news with #alltimehigh
Yahoo
24-05-2025
- Business
- Yahoo
4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs
Bitcoin has reached a new all-time high, surpassing $111,000. Several crypto-related stocks may gain in the short term from Bitcoin's rise. But are all of these stocks still good investments? Looking for actionable trade ideas to navigate the current market volatility? Subscribe here to unlock access to InvestingPro's AI-selected stock winners. After months of waiting, Bitcoin has finally hit new record highs, reaching about $111,900. BTC/USD first hit a high of $109,874 in the late afternoon, then dropped to $106,200 an hour later, before climbing again to reach today's new peak. Many analysts believe this sudden rise is due to growing concerns about the US Dollar and government debt. Last Friday, Moody's downgraded the US credit rating, which triggered a wave of doubt in the market. With President Donald Trump pushing for big spending and tax cuts, there is little hope that the situation will improve soon. This uncertainty is showing up in rising US interest rates and a falling Dollar Index—a rare combination that signals declining trust in the US economy. So, Bitcoin is rising not because investors feel hopeful, but because the current instability is making it look more like a safe-haven asset. More companies are now treating Bitcoin as a long-term store of value and adding it to their balance sheets. However, the cautious tone in the broader stock market is unlikely to stop several crypto-related stocks from reacting positively to Bitcoin's new all-time high during Thursday's session. Strategy (NASDAQ:MSTR)(ex-MicroStrategy), Coinbase (NASDAQ:COIN), Riot Platforms (NASDAQ:RIOT), and Marathon Digital (NASDAQ:MARA) all posted gains in after-hours trading on Wednesday and will be worth watching closely on Thursday. That said, these stocks are not necessarily the top picks in the tech sector right now. In fact, we have grouped them into an InvestingPro watchlist, which currently shows a mixed outlook. Indeed, according to InvestingPro's Fair Value—which combines several well-known financial models—most of these stocks appear overvalued, with the exception of Riot Platforms. For instance, Coinbase is currently overvalued by nearly 25% based on its Fair Value estimate. Meanwhile, Marathon Digital, Riot Platforms, and MicroStrategy all have below-average health scores. On the brighter side, analysts' price targets suggest strong upside potential for Riot Platforms (+69.7%) and MicroStrategy (+38.3%). Overall, while these stocks offer a way to gain exposure to Bitcoin through the stock market, investors should keep in mind that ETFs now offer a more direct route—and may want to explore other opportunities in the tech sector as well. This AI's technology stock picks sparkle in May In this context, it is worth noting that InvestingPro subscribers have already seen solid gains this month from several tech stocks highlighted in the May edition of the Tech Titans strategy, managed by In fact, out of the 15 stocks tracked by this strategy since the start of the month, 13 have gained over the past three weeks, while the two that declined posted only minor losses. In addition, no fewer than 6 stocks in the portfolio have delivered double-digit gains since the beginning of the month: +10.3%, +10.5%, +15.3%, +18.9%, +20.3% and +28.9%. However, several of the stocks identified earlier this month in the Tech Titans strategy still show strong upside potential heading into the final days of the month. Then, on June 1, the strategy will reassess an updated list of stocks for the new month—some will be removed from the portfolio, while new ones will be added. It is also worth noting that May is not the first month the Tech Titans strategy has significantly outperformed the market, as its historical performance clearly shows: Also note that the Tech Titans strategy is available to InvestingPro subscribers along with more than 30 other thematic and regional strategies, all managed by AI: AI-selected stock winners with a proven track record. InvestingPro Fair Value: Instantly find out if a stock is underpriced or overvalued. Advanced Stock Screener: Search for the best stocks based on hundreds of selected filters and criteria. Top Ideas: See what stocks billionaire investors such as Warren Buffett, Michael Burry, and George Soros are buying. ****Disclaimer: This article is written for informational purposes only; it does not constitute a solicitation, offer, advice, counseling or recommendation to invest as such it is not intended to incentivize the purchase of assets in any way. I would like to remind you that any type of asset, is evaluated from multiple points of view and is highly risky and therefore, any investment decision and the associated risk remains with the investor." Related articles 4 Crypto Stocks to Ride Bitcoin's Bullish Surge to New Highs 10 Value Plays Quietly Positioning for Up to 50% Upside in 2025 Dip-Buyers Win Big in 2025 - But Can the Strategy Keep Working From Here?
Daily Mail
22-05-2025
- Business
- Daily Mail
Bitcoin reaches all-time high soaring past $110,000 milestone
Bitcoin reached a new all-time high, soaring past the $110,000 milestone for the first time on Thursday, pushed by positive sentiment for the cryptocurrency . The crypto asset reached $111,886.41 at 4am, before levelling out at around $110,726.40 by mid-morning. The price movement pushed bitcoin above its previous record of $109,528, which it hit in January this year, as well as breaching the psychological $110,000 barrier for the first time, a milestone that has previously faced resistance during bitcoin rallies. The surge follows a slip in the dollar as concerns grow over mounting US debt and rising yields of US Treasury Bonds. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: 'Bitcoin's rise to fresh record levels marks a collision of factors but appears to have been prompted by fresh worries about the growing US debt pile. 'As the dollar has weakened, amid concerns about the US fiscal position, bitcoin has flexed even more muscle, as investors appear to be looking for alternatives to the greenback.' Streeter added: 'Nevertheless, investors should be wary about jumping onto the crypto rollercoaster, as bitcoin has a tendency to fall sharply following rapid ascents. 'People should be cautious and only invest at the fringes of their portfolio with money they can afford to lose.' Gold, often seen as a 'safe haven' asset, has also seen a surge in value over the past few days as confidence in the dollar wanes. Longer term, bitcoin backers are becoming increasingly optimistic as Trump continues to push a pro-crypto agenda, with signs emerging that favourable crypto policy will pass through Congress. Earlier this week, Standard Chartered's Geoffrey Kendrick backed a bitcoin price target of $500,000 by 2029 as institutional bitcoin holdings continue to increase. Bitcoin has surged from around $68,000 at the time of Trump's election win. Simon Peters, market analyst at Etoro, said: 'This could just be the start of something far the price tops out this bull market remains to be seen. What is evident is that if bitcoin is really to be the global reserve currency or asset then its market capitalisation (and in turn price) should be far higher than the $2.2 trillion that we are currently at today. 'With the recent downgrade of the US credit rating, and the amount of debt that it needs to be refinanced this year, it will be interesting to see what demand is now like for newly issued treasuries. 'A failure at auction, as in not enough buyers, could mean the Fed has to intervene, provide the cash for these bonds and increase its balance sheet. Historically the price of bitcoin has been seen to rise in line with a growing Fed balance sheet.' Nick Jones, chief executive of digital asset platform Zumo, said: 'Bitcoin has soared to a new record high, with the market riding on optimism over US regulatory progress under the Trump Administration.
Khaleej Times
22-05-2025
- Business
- Khaleej Times
Bitcoin at $500,000? Analysts weigh in as cryptocurrency hits all-time high again
Bitcoin hit a new all-time high again on Thursday, and a leading international bank suggested that it could reach $500,000 by 2029. The world's largest cryptocurrency climbed as high as $111,862.98, a fresh all-time peak partly as investors sought out alternatives to US assets. This marked 3.3 per cent increase from Wednesday's close, according to Reuters data. Bitcoin enthusiasts celebrated Bitcoin Pizza Day with a banger. The milestone comes as the crypto community cherishes the anniversary of the first real-world Bitcoin transaction. Analysts suggest this could just be the start of something far greater. Geoff Kendrick, Head of Digital Assets at Standard Chartered, published a projection on Tuesday saying that Bitcoin could reach $500,000 by 2029. Kendrick points to growing institutional and government interest, especially via indirect exposure through vehicles like MicroStrategy: "The quarterly 13F data (which gauges future demand for Bitcoin from institutions) is the best test of our thesis that BTC will attract new institutional buyer types as the market matures, helping the price reach our $500,000 target level,' Kendrick said. Simon Peters, Market Analyst at eToro, says there are a number of narratives stewing that could cause the bitcoin price to explode. Firstly, global liquidity – essentially how much money is available in the global economy and a metric which the bitcoin price closely mirrors – is forecast to increase throughout the year. 'With the recent downgrade of the US credit rating, and the amount of debt that it needs to be refinanced this year, it will be interesting to see what demand is now like for newly issued Treasuries,' Peters said. A failure at auction, as in not enough buyers, could mean the Fed has to intervene, provide the cash for these bonds and increase its balance sheet. Historically the price of bitcoin has been seen to rise in line with a growing Fed balance sheet. 'Other developed countries such as China, UK, Europe, Australia are lowering interest rates and loosening financial conditions which we've historically seen bode well for crypto asset prices,' Peters said. Secondly, a vast number of buyers and increased amounts of capital are all chasing a fixed supply. As well as individual investors, more publicly traded companies are adopting bitcoin treasury strategies, buying billions of dollars' worth at a time. Pension and sovereign wealth funds are also increasing their exposure to bitcoin through spot ETFs and in turn hoovering up more of the available supply. Where the price tops out this bull market remains to be seen. 'What is evident is that if bitcoin is really to be the global reserve currency or asset then its market capitalisation (and in turn price) should be far higher than the $2.2 trillion that we are currently at today,' Peters said. Analysts say the cryptocurrency's increasing popularity is steadily ensuring its status as a safe-haven asset. The Bitcoin rally to record highs comes in the midst of tectonic moves that are shuffling how traditional assets are perceived by financial markets. US Treasury yields are on the rise, with the 30-year Treasury bond yield briefly surpassing five per cent this week as Moody's downgraded the US sovereign debt rating and the US Congress is debating a new tax bill that could shed billions in taxes and add them to the government deficit. The correlation between Bitcoin price and the US stock markets is also on the decline. While Bitcoin was making new all-time highs, the S&P 500 lost 1.61 per cent on Wednesday. Bitcoin has decisively outperformed major US equities in 2025. The biggest cryptocurrency is currently up 18 per cent year-to-date, while the S&P 500 closed trading on Wednesday at 5844.61, 0.41 per cent short of its opening levels for 2025. 'Institutional and retail investors are increasingly viewing Bitcoin as a portfolio diversifier and a hedge against macroeconomic uncertainty,' FXStreet strategist Jordi Martínez wrote.
Daily Mail
22-05-2025
- Business
- Daily Mail
Bitcoin price surges past $110,000 a coin to reach new record high
Bitcoin reached a new all-time high, soaring past the $110,000 milestone for the first time on Thursday, pushed by positive sentiment for the cryptocurrency. The crypto asset reached $111,886.41 at 4am, before levelling out at around $110,726.40 by mid-morning. The price movement pushed bitcoin above its previous record of $109,528, which it hit in January this year, as well as breaching the psychological $110,000 barrier for the first time, a milestone that has previously faced resistance during bitcoin rallies. The surge follows a slip in the dollar as concerns grow over mounting US debt and rising yields of US Treasury Bonds. Susannah Streeter, head of money and markets at Hargreaves Lansdown, said: 'Bitcoin's rise to fresh record levels marks a collision of factors but appears to have been prompted by fresh worries about the growing US debt pile. 'As the dollar has weakened, amid concerns about the US fiscal position, bitcoin has flexed even more muscle, as investors appear to be looking for alternatives to the greenback.' Streeter added: 'Nevertheless, investors should be wary about jumping onto the crypto rollercoaster, as bitcoin has a tendency to fall sharply following rapid ascents. 'People should be cautious and only invest at the fringes of their portfolio with money they can afford to lose.' Gold, often seen as a 'safe haven' asset, has also seen a surge in value over the past few days as confidence in the dollar wanes. Longer term, bitcoin backers are becoming increasingly optimistic as Trump continues to push a pro-crypto agenda, with signs emerging that favourable crypto policy will pass through Congress. Earlier this week, Standard Chartered's Geoffrey Kendrick backed a bitcoin price target of $500,000 by 2029 as institutional bitcoin holdings continue to increase. Bitcoin has surged from around $68,000 at the time of Trump's election win. Nick Jones, chief executive of digital asset platform Zumo, said: 'Bitcoin has soared to a new record high, with the market riding on optimism over US regulatory progress under the Trump Administration. 'The Senate's decision to push forward with the deliberately named GENIUS Act, aimed at establishing a national framework for stablecoins, is another watershed moment for the industry, and extends US leadership in the burgeoning digital assets sector.'
Yahoo
22-05-2025
- Business
- Yahoo
Microstrategy shares stay flat even as Bitcoin hits all-time highs
On Wednesday, May 21, Bitcoin achieved a new all-time high of $109,487.23, which saw the largest cryptocurrency surpass $2.17 trillion in market cap. This puts Bitcoin in fifth place among the most valuable assets in the world. Bitcoin is now above Amazon and Alphabet and only trails gold, Microsoft, Nvidia, and Apple. At press time, Bitcoin was trading at $109,721.94, up over 4.19% over the last day, as per Kraken's price page. During the ecstatic rush, Strategy (previously MicroStrategy) executive chairman Michael Saylor posted to X with his usual bravado, "If you're not buying bitcoin at the all-time high, you're leaving money on the table." The post rapidly went viral, prompting an extensive discussion across Crypto X. One of the most popular replies was by an analyst and a key opinion leader, Quinten Francois, who joked, "You'll buy the top forever, aren't you, Michael?" Saylor's post aligns with his view of Bitcoin as a long-term store of value, no matter the price. Strategy has made strides in collecting Bitcoin since early 2020 and has over 576,230 Bitcoins sitting on its balance sheet. Saylor has also clarified that the company intends to keep buying, even at all-time highs. Interestingly, Strategy has never sold Bitcoin. Strategy's share price sits at $419.57 at press time, up over 0.66% over the last day. Many critics have pointed out that new retail buyers could be chasing a top; however, many Bitcoin believers interpret Saylor's comment as a further show of institutional confidence in the asset's future.
