crypto

Toby Bochan11/11/24

Dogecoin hits 2024 high

While President-elect Donald Trump has brought a lot of attention and enthusiasm to the original cryptocurrency, bitcoin — which has soared past a new record high of $87,000 — Elon Musk’s favorite meme coin, dogecoin, is also enjoying a massive post-Election Day rally.

Today dogecoin’s price rose to over $0.30 for the first time in over three years and has seen over $18 billion in trading volume in the past 24 hours, according to CoinMarketCap.

Musk has long been a fan of the meme coin, and called himself the “dogefather” in his 2021 SNL appearance. His enthusiasm for the coin has pumped the price before, as in 2022 when he announced that customers could purchase Tesla merch with doge, sending the price up 15%.

His current relationship with Trump and the possibility of him taking a role in the administration as head of the “Department of Government Efficiency” — or, that’s right, DOGE — is sending the coin once again to the moon.

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Yaël Bizouati-Kennedy

Bitcoin soars past $120,000 as analysts predict new all-time high by end of year

Friday’s price is a 97% jump from where bitcoin was a year ago.

crypto

Toby Bochan10/2/25

Bitcoin, ethereum get bullish 12-month price targets from Citi

Citi updated its price targets for the two largest cryptocurrencies in a note Wednesday, predicting a 12-month target of $181,000 for bitcoin and $5,440 for ethereum.

While overall, Citi analyst Alex Saunders wrote that the firm is “more positive on Bitcoin compared to Ether, as it captures an outsized portion of incremental flows into crypto markets,” he trimmed bitcoin’s year-end price target to $133,000 from $135,000, citing a stronger dollar and weaker gold price as offsetting factors.

Ethereum, on the other hand, got a price target bump up to $4,500 from $4,300 by year-end due to flows surging following “stablecoin regulation increasing interest in the network and tokenization and the rise of DATs.”

Many of the splashiest entries into the digital asset treasury (DAT) space have been ethereum-based treasuries lately, with companies like BitMine Immersion Technologies and SharpLink Gaming launching DATs and stockpiling huge amounts of ethereum in just the second half of this year.

Bitmine now holds 2,650,900 ETH worth $11.7 billion, while SharpLink has 838,728 ETH worth $3.7 billion. To put that in context, Strategy, the largest corporate bitcoin holder, has 640,031 BTC worth $47.3 billion.

Yaël Bizouati-Kennedy

Bitcoin rallies past $117,000 as the US government shuts down

Meanwhile, Strategy is surging following the IRS issuing interim guidance that would remove the 15% Corporate Alternative Minimum Tax for unrealized gains on bitcoin holdings.

People walk past an advertisement feature Donald Trump with...

Yaël Bizouati-Kennedy

BlackRock’s IBIT flips Deribit for bitcoin options trading

Bitcoin ETFs are having a strong start to the week, with $522 million in inflows on Monday.

Bitcoin

Yaël Bizouati-Kennedy

Bitcoin regains ground, crosses $114,000

Jim Cramer posted “buy crypto” atop a picture of the national debt clock, which was reposted by Strategy’s Michael Saylor with a slight change.

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