How is IBIT stock faring? The iShares Bitcoin Trust (IBIT) was higher again today. It is now up 4.18% over the past 5 days, and is 23.05% higher in the year-to-date.
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According to TipRanks technical analysis, the IBIT is now at a Strong Buy consensus based on 2 Bearish, 5 Neutral and 15 Bullish ratings.
Based on the activity of 825,071 investors in the recent quarter, it has scored above-sector-average very positive sentiment. Those investors aged between 35 and 55 have been the most active buyers.
In total 1.9% of all portfolios hold IBIT.
Today’s IBIT Performance
Today, the IBIT was flat at $65.38 in mid-trading. The main driver was the price of bitcoin, which increased 0.82% to $115,018.00.
It was helped by Strive (ASST), which bought 72.3 bitcoin, increasing its total bitcoin holdings to approximately 5,957.9, with a total acquisition cost of $691.3 million. Hong Kong listed Moon Inc. also announced a further acquisition of 0.6 units of bitcoin for approximately HK$533,000 to support its strategic initiative of expanding its pre-paid bitcoin cards business.
It was also helped by Geoffrey Kendrick, head of digital assets research at UK-based bank Standard Chartered, who said that promising trade talks between the US and China as well as Federal Reserve rate cuts should mark the end of Bitcoin’s downside.
If the Thursday meeting in South Korea between US President Donald Trump and Chinese President Xi Jinping goes well, “Bitcoin may never go below $100,000 again,” Kendrick said, as reported by DL News.
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