Cardone Capital purchased an additional 282 Bitcoin valued at about $18 million as Bitcoin traded near $63,000 amid geopolitical tensions. The firm funds its Bitcoin acquisitions through rental income from multifamily real estate properties, using a dollar-cost-averaging strategy. Grant Cardone aims to hold 3,000 BTC by 2026 and eventually 10,000 BTC, combining Bitcoin and real estate investments within the same company structure. This strategy offers investors exposure to Bitcoin alongside real estate, with expected annual returns between 22% and 32%.
Bitcoin's longer-term MACD indicator has flipped bullish, signaling that the recent rally above $64,000 could continue. Key resistance levels to watch are the 50-day moving average near $65,434, the mid-June high around $67,292, and the 200-day movin...
Bitcoin rose above $63,000 with a 1.5% gain following US President Trump's statement that Iran seeks negotiations, easing market fears. The cryptocurrency is closely watched around the $64,700 daily close level, which could spark a significant relief...
Bitcoin's price has risen to about $63,950, up 1.2% in 24 hours and 4% over the week, recovering from June lows near $58,000. This rise is driven by optimism around a new US crypto Clarity Act draft and a potential SEC rule easing crypto startup fund...
The Japanese yen surged sharply due to fears of Bank of Japan intervention and rising wholesale inflation, causing Bitcoin and other major cryptocurrencies to underperform in yen terms compared to their USD trading pairs. The yen jumped to 161.55 per...
Ethereum is leading a market recovery with institutional investors driving $70.5 million into ETH products, especially Fidelity's FETH ETF which attracted $69 million. This influx marks five consecutive days of inflows and coincides with Ethereum's p...
