Krisztian Sandor is a reporter on the U.S. markets team focusing on stablecoins and institutional investment. He holds BTC and ETH.
, and leading the broader market with a 2% climb over the past 24 hours. Meanwhile, the broad-market CoinDesk 20 Index was little changed and large-cap altcoins etheryesterday, pushing the BTC price higher, analysts noted. Most of the activity focused on calls, representing a bullish view, with some traders betting on a doubling of IBIT's share price."It’s pretty interesting to see 'professionals' degen into $100 strikes ," crypto quant researcher Samneet Chepal noted.
as its share price closed Tuesday's session at a record $430, far above its dotcom bubble highs. The firm owns the largest corporate bitcoin treasury in the world and its shares have rallied 528% this year, outperforming bitcoin and chipmaker giant Nvidia . The developments keep coming for the firm, CoinDesk analyst James Van Straten noted. On Monday, it announced a $1.75 billion 5-year convertible senior note issuance at a 0% coupon.
, broker Bernstein said in a report. The trading app can drive higher revenues by listing new tokens and introducing new crypto product lines to target the wider opportunity, the report said. Robinhood's acquisition of EU-based exchange Bitstamp and its European platform should"further boost value added crypto services," the authors wrote.
It could break out above the downtrend line or turn lower, forming a head-and-shoulder top. The latter will likely bode well for risk assets, unless accompanied by a black swan.. CoinDesk has adopted a set of principles aimed at ensuring the integrity, editorial independence and freedom from bias of its publications. CoinDesk is part of the Bullish group, which owns and invests in digital asset businesses and digital assets.
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