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ARK Invest’s latest report heralds Bitcoin as a dominant force in the investment world, advocating for a substantial 19.4% portfolio allocation.  The firm’s comprehensive Analysis , detailed in its “Big Ideas 2024” report published on Jan. 31, highlights Bitcoin’s (BTC) impressive performance and potential future growth catalyzed by several key factors. Central to ARK’s assessment is Bitcoin’s remarkable return rate. Over the past seven years, Bitcoin has yielded an average annual return of around 44%, starkly outperforming other major asset classes, averaging a return of 5.7%. This exceptional performance is a pivotal reason behind ARK’s recommendation to allocate 19.4% of an investment portfolio to Bitcoin, a substantial increase from a mere 0.5% allocation observed in 2015. Bitcoin’s resilience during market fluctuations is also a focal point in ARK’s report. The flagship cryptocurrency demonstrated notable growth, par...

Helium Mobile (MOBILE) and Helium (HNT) witnessed significant gains over the past day as the market saw a notable boost. MOBILE is up by 227% in the past 24 hours and is trading at $0.003 at the time of writing. Following the rally , the asset has emerged as the top gainer among the top 300 cryptocurrencies, per data provided by CoinGecko.  MOBILE price – Dec. 14 | Source: CoinGecko You might also like: CFTC Chair clarifies crypto assets as commodities amid regulatory struggle Helium Mobile’s market cap surged to $220 million, making it the 210th largest cryptocurrency at reporting time. The token’s daily trading volume surged from around $3.8 million to $15.7 million over the past day. On Dec. 5, Nova Labs, the creator of the open-source Helium network, launched a nationwide data plan in the U.S. Per a crypto.news report, Nova Labs partnered with T-Mobile to launch a $20 per month unlimited phone plan.  MOBILE’s sister coin, HNT, also recorded a 26....

During a favorable phase for most cryptocurrencies, 0x (ZRX) emerged as one of the standout performers, albeit less conspicuously. Amidst its bullish trend, both its market capitalization and value saw a significant multiplication. In recent months , 0x’s market capitalization experienced remarkable growth, soaring by +238% in two months and, notably, almost doubling (+89%) in a mere two-day span. This surge in value coincided with a significant uptick in large-scale ZRX transactions, reaching a peak not seen in 1.5 years.  Additionally, older coins, which had been dormant, re-entered circulation. This activity was highlighted by Santiment , a blockchain and cryptocurrency behavior analysis platform, in a post on November 12. ZRX value and market cap increase. Source: Santiment This multiple-fold increase over the two-month period has brought the market cap of 0x to $479.97 million.  Cryptocurrency Over 60,000 Bitcoin millionaires emerge in 2023, 3...

Few people can live without a smartphone these days. They’ve become essential for daily life, enabling owners to stay connected with their families, friends, and colleagues and access just about any service or entertainment from any location. Indeed, research by global tech care company Asurion shows that the average American checks their smartphone 96 times a day – about once every ten minutes.  So much smartphone activity poses the question:  What are people looking for when they check their phones?  In many cases, the answer has to do with where they currently are.  You might also like: Flare and FlareDashboard join forces to enhance data transparency Many tasks have something in common, whether it’s getting directions, checking the weather, or finding a bite to eat. They all rely on location-based services to provide the information people need to fulfill those tasks.  Smartphones use a combination of technologies, including real-time ...

"DCA works," wrote Binance CEO in response to the purchase. On June 28, software analytics firm MicroStrategy announced the corporate purchase of 12,333 Bitcoin (BTC), worth $347 million at the time of publication. After the transaction, the total balance of Bitcoin owned by MicroStrategy has increased to 152,333 ($4.52 billion) with an average purchase price of $29,668 apiece.  The total average purchase price is close to the $28,136 apiece purchase price disclosed in today's announcements. The coins were bought between April 27 and June 27. The purchase was partly financed with the issuance of new stock, as the company wrote: "On May 1, 2023, MicroStrategy entered into a Sales Agreement with Cowen and Company, LLC and Canaccord Genuity LLC, as sales agents, pursuant to which MicroStrategy may issue and sell shares of its class A common stock, par value $0.001 per share ("Shares"), having an aggregate offering price of up to $625.0 million from time to ...

BTC price action is copying historical patterns to deliver a classic Bitcoin bull market comeback, says Rekt Capital. Bitcoin (BTC) has a matter of days to go before beginning a new macro uptrend, the latest analysis says. In his latest Twitter activity, popular trader and analyst Rekt Capital flagged a key monthly close in the making for BTC/USD. BTC price action closely mimics past cycles Despite facing problems flipping $28,000 to support, BTC price action is firmly on the way to abandoning its bear market . That is according to Rekt Capital, who on March 26 presented an optimistic picture of how BTC/USD would likely finish the month. The pair's recent gains have put it above a macro downtrend in place since its 2021 all-time highs, but the March close would be the first potential candle to complete above that trend line on monthly timeframes. "Next Saturday, the BTC Monthly Candle will have closed above the Macro Downtrend to confirm a new Bull Market," Rekt Capita...

A community member pointed out that the lack of movements may be because of the controversies surrounding centralized exchanges. Traders looking forward to a rally during Christmas were disappointed as the markets turned out to be steady as many celebrated the holidays. Crypto community members expressed their disappointment by sharing memes, with some even employing their creativity through poetry.  On Dec. 23, Data tracker Coinstats shared an image showing positive market movements and floating the idea of a potential “Santa Claus rally .” Is that the beginning of the Santa Claus Rally? pic.twitter.com/zf1WDNaGpm — CoinStats (@CoinStats) December 23, 2022 However, with Bitcoin’s volatility index hitting record lows on Dec. 25, any thoughts of having a merry BTC rally on Christmas were put to a stop. Data from Cointelegraph Markets Pro showed that the top crypto hovered around $16,800 on holiday.  A community member pointed out that the lack of a rally this Christmas may...