Insurer Allstate Corp. (ALL) announced Thursday estimated catastrophe losses for the month of March 2024 of $328 million or $259 million, after-tax. Total catastrophe losses for the first quarter were $731 million, pre-tax. Catastrophe losses in March include six events estimated at $343 million or $271 million, after-tax, with approximately 80% of the losses related...
It\'s likely to be a somewhat subdued start for the Canadian market Thursday morning with investors tracking crude oil and metal prices. Concerns about the outlook for interest rates may weigh and limit market\'s upside. In company news, Lithium Americas (LAC.TO) said Wednesday that it would raise US$275 million by selling 55 million common shares...
Bitcoin (BTC) bears are eyeing a break below the key psychological $60,000 level, with ETF flows having slowed this week and macro headwinds continuing to pile up. Some are even predicting that the Bitcoin price could be headed towards $50,000 next. The Bitcoin price briefly dipped as low as $ 59,800 on Wednesday. However, the...
As Bitcoin trades at $61,577, down by approximately 2.50% with a $42 billion trading volume over the last 24 hours, market watchers are paying close attention. With a market cap of about $1.21 trillion, Bitcoin continues to lead on CoinMarketCap. This cryptocurrency, with 19,685,362 BTC in circulation nearing its max of 21 million, is poised...
Momentum around Bitcoin (BTC) continues to build as the Halving Event quickly approaches, and the Lightning Network is playing an important role in supporting small-scale miners. Bitcoin miners, in particular, have been paying close attention to how this year’s halving may impact operations. For instance, as mining rewards decrease due to the halving, miner efficiency...
As Bitcoin teeters around the $61,650 mark after a 4% drop, its behavior hints at potential volatility. With the dollar’s rise linked to paused rate cuts enhancing its appeal, Bitcoin faces an opposite effect—diminished attraction due to the anticipated long-term high rates. This positions Bitcoin at a precarious juncture, especially as the market braces for...
BlackRock’s spot Bitcoin ETF, iShares Bitcoin Trust (IBIT), has established a commanding market presence, edging closer to the dominance of Grayscale’s Bitcoin Trust (GBTC), according to data released on April 17. IBIT’s Impressive Growth in the Spot Bitcoin ETFs Market The Dune data shows that IBIT boasts $19 billion worth of Bitcoin with a current...
Amidst Bitcoin’s recent dip below $63,000, an April 18 report by technical analyst Ali Martinez revealed a surge in BTC accumulation, signifying resilience among Bitcoin holders. Bitcoin braces for its Upcoming Halving Event; Volatility Continues to Mark its Trajectory Ali Martinez highlighted this trend on X, showcasing a chart depicting the movement of over 27,700...
In a recent prediction revealed on April 17, crypto analyst “Plan B” forecasted that the Bitcoin price would surpass $300,000 by 2025, with expectations of reaching $100,000 by December 2024. Bitcoin Moonshot Prediction is Fueled by the Upcoming Bitcoin Halving Plan B shared their forecast on X, emphasizing the positive influence of Halvings on BTC’s...
Amid fluctuating market conditions, Bitcoin‘s price has dipped to $60,547, signaling a 1.74% decrease in the last 24 hours. This movement underpins ongoing volatility as traders and analysts closely monitor trends to update their Bitcoin price prediction. Despite this recent downturn, Bitcoin continues to dominate the crypto market with a robust trading volume of $40.55...