Alphabet and Google CEO Sundar Pichai said its AI business is “paying off” as the tech giant’s share price surged after the bell as it beat Wall Street estimates.
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Deficit spending and lower interest rates have boosted global liquidity higher, benefiting Bitcoin and related markets, Blockware’s Mitchell Askew said.
Microsoft’s upcoming vote on whether or not to build a Bitcoin position is just another sign of corporations’ and institutional investors’ growing interest in BTC.
Bitcoin’s path to $70,000 hinges on lower interest rates, the US election outcome, boosted BTC miner profits, and strong spot ETF demand.
MicroStrategy is up over 1,500% since 1999 compared to Microsoft’s 1,460% gains during the same 25-year period.
Bitcoin’s upcoming price recovery will be driven by a handful of unique factors.
Bitcoin price saw a sharp sell-off today, but the BTC futures market is showing zero signs of fear.
Benchmark analyst Mark Palmer has raised his price target for MSTR stock to $245 per share from $215.
The crypto market is up today, following a bullish performance from US equities markets and increasing traders’ demand for crypto investment products.
Crypto exchange Coinbase and Bitcoin miners CleanSpark and IREN closed Oct. 14 with double-digit percentage gains and continued to climb after the bell.