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Fundstrat's Tom Lee - 1 Donald Trump's - 1 I'm - 1 Kamala Harris - 1 YTD Bitcoin - 1 Lee - 1 Bitcoin - 1 Zach Pandl - 1
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Search resuls for: "YTD Bitcoin"


2 mentions found


☆ Fundstrat's Tom Lee says bitcoin can hit 'well above' $100,000 before year-end
  + stars: | 2024-12-02 | by ( Samantha Subin | ) www.cnbc.com   time to read: +1 min
Fundstrat's Tom Lee sees more upside in store for one of the leading trades on the heels of President-elect Donald Trump's victory. "I'm still confident bitcoin is going to close much higher before your end — well above $100,000 before your end," he told CNBC " Squawk Box " on Monday. BTC.CM= YTD mountain Bitcoin, YTD Bitcoin gained nearly 40% in November, closing in on the $100,000 level. "A lot of folks who don't want Bitcoin over $100,000," Lee said. If bitcoin makes a move above $100,000, I think that'd be a big chase."
Persons: Fundstrat's Tom Lee, Donald Trump's, I'm, Kamala Harris, YTD Bitcoin, Lee Organizations: CNBC, Trump's Locations: cryptocurrencies
☆ Crypto investors are bracing for a busy quarter with the Bitcoin halving, ether ETF updates and potential rate cuts
  + stars: | 2024-03-30 | by ( Tanaya Macheel | ) www.cnbc.com   time to read: +6 min
The most important driver in second quarter for bitcoin and crypto, however, could be the Federal Reserve decision on interest rate cuts. Traders are now pricing in a roughly 61% chance of a first Fed rate cut taking place in June, according to the CME FedWatch Tool . Demand has increased from 40,000 bitcoin at the start of the year to 213,000 bitcoin currently, largely driven by ETF buying ahead of the late April Bitcoin halving, according to CryptoQuant. However, the SEC's decision on whether or not to allow spot ether ETFs to trade, due in May, will "very likely" be market moving, he added. "If it's not priced in today, then it very likely will be a market moving event if it happens," he said.
Persons: Bitcoin, Zach Pandl, Pandl, –, bitcoin, Julio Moreno, Chris Kuiper, — CNBC's Ganesh Rao Organizations: Securities and Exchange Commission, Federal, Metrics, Fidelity Digital Assets, CNBC, Fidelity, SEC Locations: U.S, BlackRock
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