Previous close | 61.19 |
Open | 63.38 |
Bid | 63.44 x 1000 |
Ask | 63.34 x 1100 |
Day's range | 63.06 - 63.70 |
52-week range | 12.86 - 65.61 |
Volume | |
Avg. volume | 18,706,449 |
Net assets | 27.2B |
NAV | 61.19 |
PE ratio (TTM) | N/A |
Yield | 0.00% |
YTD daily total return | 76.75% |
Beta (5Y monthly) | 0.00 |
Expense ratio (net) | 1.50% |
Inception date | 2013-09-25 |
The price of bitcoin has held above the $70,000 mark in early trading on Thursday, as money flows in to spot bitcoin exchange-traded funds.
Stocks (^DJI, ^IXIC, ^GSPC) waver ahead of Tuesday's closing bell to end the day lower. This is the second consecutive day of market losses in the final trading week of 2024's first quarter. Yahoo Finance's Josh Lipton reviews how the major indices ended the trading day, while Jared Blikre monitors sector leaders and standout tickers, such as United Parcel Service (UPS) shares and the Grayscale Bitcoin Trust ETF (GBTC). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Luke Carberry Mogan.
Bitcoin (BTC-USD) is slowly recovering after experiencing recent declines from its all-time highs. Benchmark Managing Director and Senior Research Analyst of Fintech and Digital Assets Mark Palmer joins Yahoo Finance Live to discuss the cryptocurrency's pricing patterns ahead of April's expected bitcoin halving event. Palmer highlights that historical trends suggest the occurrence of a bitcoin halving "is not unusual." He points out that in 2016 and 2020, "significant retracements in price" preceding the bitcoin halving, and the same pattern is unfolding "in the 2024 cycle." Palmer draws an analogy between a bitcoin halving and "a wildfire," explaining that when the rewards paid to miners are halved, it prompts many miners to exit the market, leading to increased volatility. However, Palmer notes that historically, an extended rally tends to follow after a bitcoin halving event. He also notes "demand shocks" stemming from the approval of spot bitcoin ETFs and the spillover into stocks crypto stock associated with the space's volatility, such as MicroStrategy (MSTR). For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live. Editor's note: This article was written by Angel Smith