Saturday, November 23, 2024
Home > Favoring

Cathie Wood’s Ark Invest dumps PayPal favoring Bitcoin-friendly Cash App

Crypto investment company Ark Invest founder, Cathie Wood, has dumped all of the firm’s holdings of PayPal and showed greater confidence in the long-term growth of the Cash App payment system which uses the Bitcoin Lightning Network.Wood explained her firm’s move at the Miami Bitcoin 2022 conference which wrapped up

Read More

Bitcoin returns to $42K as bets start favoring ‘short squeeze’ higher for BTC

Bitcoin (BTC) broke through $42,000 on Jan. 11 as expectations of a fresh “short squeeze” mounted.BTC/USD 1-hour candle chart (Bitstamp). Source: TradingViewShort-term squeeze “reasonably likely”Data from Cryptox Markets Pro and TradingView followed BTC/USD as it recovered from Monday’s dip to $39,600 — its first breach of the $40,000 mark since September.While

Read More