Bitcoin firms bought $1.2B last week, but BTC ETFs stole the show
While Bitcoin treasury companies accumulated $1.2 billion in BTC last week, analysts suggest that Bitcoin’s new all-time high was more likely driven by inflows into Bitcoin exchange-traded funds.
Bitcoin went on to spike coming into the weekend, hitting a new all-time high of over $125,000 on Saturday.
Bitcoin (BTC) treasury companies purchased more than 6,702 coins over the week,
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Read MoreHow will the federal government shutdown affect mortgage rates?
SALT LAKE CITY — So far, mortgage rates aren’t moving much as the impasse that shuttered the federal government continues.
The weekly average for a 30-year fixed-rate mortgage hit 6.34% on Thursday, the day after the shutdown of the U.S. government, according to the Federal Home Loan Mortgage Corporation that’s better known as Freddie Mac.
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Read More9 Investing Moves To Make After Inflation Jumped 3% & The Fed Might Keep Cutting Rates
Inflation is hovering near 3% again, and the Federal Reserve (the Fed) has signaled it could keep cutting interest rates.
The Burst
Got $20,000? How to Invest Today
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Read MoreThe Ivy
1 Unusual Stock Trading at Rock Bottom Levels
It’s rare to find an $8.6 billion market capitalization firm that is severely undervalued. Once you get to the billion dollar company level, analysts and investors are astutely aware of what an enterprise is worth as they run quarterly financial models to assess value.
But every once in a while a deal crops up,
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