Is $100,000 Near at Hand for Bitcoin? 3 Crypto Stocks to Gain [Yahoo! Finance]
Block, Inc. Class A, (SQ)
Last block, inc. class a, earnings: 2/26 04:05 pm
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Source: Yahoo! Finance
Nonetheless, the price of the flagship cryptocurrency has surged significantly this year after a phenomenal 2023, gaining more than 150%. Moreover, some cryptocurrency bulls are now expecting the price of Bitcoin to touch $100,000 soon. In reality, 3iQ Corp's director of research, Mark Connors, expects the price of Bitcoin to reach the $100,000 mark before the halving event, which is expected around Apr 20. So, what's propelling the price of Bitcoin higher? Of course, the halving event will act as a boon for the price of Bitcoin. This is because the supply of Bitcoin is lowered during the halving event, eventually leading to an uptick in price. During the halving event, the supply of Bitcoin has a cap of 21 million. However, the price of Bitcoin has already started to gain momentum as its investor base has broadened since Bitcoin ETFs began trading on Jan 11. There was already optimism among crypto market aficionados after the regulator approved 10 spot Bitcoin ETFs in January.
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News
- Block (SQ) Stock Falls Amid Market Uptick: What Investors Need to Know [Yahoo! Finance]Yahoo! Finance
- Some Square Users Can Now Convert Their Dollars to Bitcoin Via Cash App [Yahoo! Finance]Yahoo! Finance
- Jack Dorsey's Block Finishes Development of Bitcoin Mining Chip [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Crown Point woman faces felony fraud charges for business theft allegations [Yahoo! Finance]Yahoo! Finance
- Block, Inc. (NYSE: SQ) had its "positive" rating re-affirmed by analysts at Susquehanna. They now have a $100.00 price target on the stock.MarketBeat
SQ
Earnings
- 2/22/24 - Beat
SQ
Sec Filings
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- 4/26/24 - Form 4
- SQ's page on the SEC website