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Freetrade, a UK-based rival to Robinhood, has been acquired by IG Group for £160 million ($195 million), reflecting a 29% discount from its last valuation. This acquisition highlights the rapid growth of the UK stock trading market, which has seen a 10% annual increase, benefiting companies like Robinhood that recently entered the UK market. Following a 322% rally in its share price over the past year, Robinhood has received a Strong Buy consensus rating from analysts, with an average price target of $48.67 per share, indicating further upside potential.
Analysts at Bernstein declare that crypto has entered the "Infinity Age," predicting Bitcoin will reach $200,000 by 2025, alongside a $500 billion stablecoin market. Key trends include increased corporate treasury adoption, significant inflows into Bitcoin ETFs, and a surge in Ethereum institutional interest. The report also anticipates a shift in crypto regulations under a pro-crypto administration, fostering growth in the digital asset market.
The Santa Claus Rally commenced on Christmas Eve, with major indices closing higher, led by a 7.4% surge in Tesla. MicroStrategy's stock rose 7.8% as it seeks shareholder approval to increase its Class A common stock to fund significant bitcoin purchases, aiming for $42 billion by 2026. Analyst Gautam Chhugani anticipates further market recognition for MicroStrategy, especially with its recent Nasdaq-100 inclusion and potential S&P 500 entry by 2025.
Gautam Chhugani
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Freetrade acquired by IG Group as UK stock trading market expands
British Pound Sterling
IG Group Holdings plc
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15:56 16.01.2025
crypto enters infinity age with ten trends shaping 2025 outlook
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10:39 07.01.2025
microstrategy plans massive bitcoin purchase amid strong market rally
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Broadcom Inc.
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USA
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19:11 24.12.2024
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