The Pomp Letter: Bitcoin’s Price Has Doubled Quickly After Every New All-Time High
Bitcoin broke its prior all-time high of $69,000 on Tuesday. While it only hit $69,200 before sharply pulling back, the uptrend remains in
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Bitcoin broke its prior all-time high of $69,000 on Tuesday. While it only hit $69,200 before sharply pulling back, the uptrend remains in
The market rally since late October has been strong. Some analysts even view it as too strong. Fear of missing out (FOMO) seems to have afflicted
Cryptocurrencies led the markets higher last year. And that trend continues in 2024. The SEC approved 11 bitcoin ETFs for trading. That’s allowing institutions to
2024 could be a breakout year for bitcoin. The cryptocurrency more than doubled in 2023 from its 2022 lows. But the approval and trading of 11
After being the best-performing asset of 2023, bitcoin has taken a backseat so far in 2024. However, that could simply be the result of speculation
Tech trends can take on a life of their own. That’s especially true if the trend has the power to make some big transformative changes
After peaking near $49,000 on the news that 11 bitcoin ETFs would start trading, bitcoin’s price has dropped. In fact, it’s technically in
After months of speculation, the Securities and Exchange Commission (SEC) approved trading of 11 bitcoin ETFs last week. These ETFs have already started to see billions
After a 160 percent return in 2023, bitcoin continued to trend higher amid rumors that the SEC would approve several bitcoin ETFs. A spot bitcoin ETF
The stock market has performed well in 2023, reversing the 2022 bear market. Many traders see the potential for further gains next year. However, it’s
The cryptocurrency market is having a strong year. Bitcoin, the sector’s leader by size, has had a triple-digit return. That’s beaten the returns
While the overall economy seems to be showing some signs of slowing down, one sector is showing the opposite. That’s the cryptocurrency market. It had