The funds' year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
BTC came $200 away from tapping that level but has failed so far.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
The Sandbox, Sei Network, and Avalanche tokens defy Bitcoin-led market correction, posting sharp rallies as bullish setups point to further upside potential.
In a remarkable turn of events, MicroStrategy Inc (NASDAQ:MSTR) saw its shares jump by 5.93% in pre-market trading on Monday, as per Benzinga Pro. This surge comes on the heels of co-founder Michael Saylor‘s announcement that the company is generating $500 million daily as Bitcoin edges closer to the $100,000 mark.
Investors' greed in the market increased, which could delay a Bitcoin market top for several months.
A new theory suggests that Satoshi Nakamoto may have been strategically liquidating Bitcoin holdings from certain wallets since 2019.
The analysts expect MicroStrategy to run through its $42 billion capital raise for bitcoin acquisitions within the next 18 months.
Despite reaching the $100,000 mark on CME Futures, a stubborn sell-off has kept Bitcoin (BTC) from breaking decisively above that level on spot markets. Mike Novogratz, the billionaire investor and CEO of Galaxy Digital, has shared some thoughts on what might be driving this selling pressure.
The potential collaboration could reshape crypto lending, blending Wall Street power with blockchain technology.
Bernstein raised its MicroStrategy price target to $600 from $290. Broker Canaccord also increased its price target for the software company, to $510 from $300.
After stopping just a couple of hundred dollars away from the $100,000 price level on Friday, the $BTC price rejected back down as far as $95,750. Currently Bitcoin has broken upwards through the descending trendline and is heading back for another attempt at $100,000.
Bitcoin whale activity has been on the rise in the last 24 hours, which suggests that upward pressure for the BTC price rally to $100K could be coming today itself. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from crypto exchange Binance.
Jon Erlichman, a BNN Bloomberg commentator, recently conducted an informal survey on the streets, asking several people whether they would prefer a ticket to a Taylor Swift concert or a bitcoin.
Amidst the ongoing Bitcoin (BTC) rally, which has seen the cryptocurrency first come within $2,000 of $100,000 and then recover from a weekend slump below $90,000 to climb to $98,805 in the early hours of November 25, Robert Kiyosaki has taken to providing forward-looking price predictions for the coin.
Bitcoin (BTC) could be back on track to hit the $100,000 record high, with technical indicators supporting this push.
Bitcoin market participants' view diverge wildly over the significance of the $100,000 BTC price milestone this week.
Popular crypto analyst Altcoin Sherpa says that Ethereum (ETH) is likely approaching a cycle bottom in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 230,000 followers on the social media platform X that ETH/BTC will likely bottom once Bitcoin has completed its breakout rally.
Bitcoin price analysis shows $99,000 nearing key resistance. Trump's pro-crypto Treasury nominee sparks optimism and market momentum. Read more insights now! The post Bitcoin Price Analysis: $99,000 Near Key Resistance as Trump's Pro-Crypto Nominee Fuels Optimism appeared first on Cryptonews.
Bitcoin's long-term holders are HODL-ing, while short-term holders are making profits. This reflects a consolidation of BTC's price.
Metaplanet expands its influence with the launch of Bitcoin Magazine Japan, targeting a pivotal market for Bitcoin adoption.
James Howells' $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive.
Hunter Horsley, founder and CEO of Bitwise asset management firm, told CNBC that it is still early for investors and Bitcoin has a lot of room to run. According to the executive, the asset is greatly undervalued based on the recent interests it has received from institutions.
These new options are listed and traded exclusively on the Cboe Options Exchange. They offer traders a new way to make moves in the Bitcoin market without directly holding the cryptocurrency.
The crypto market has turned green after the Sunday correction.
Peter Brandt, a skilled commodities trading expert has issued comment on a tweet about the important historic price peak reached by Bitcoin back in 2017.
Wall Street firm Cantor Fitzgerald has acquired a 5% stake in Tether for up to $600 million while launching a $2 billion Bitcoin lending program, marking a major fusion of traditional finance with cryptocurrency markets.
Traders have had a torrid start to the week, as over $500 million has been liquidated from the crypto market in the last 24 hours. This has been due to the Bitcoin price, which has continued to fluctuate heavily in recent times.
Bitcoin retreated to $97,000 after reaching $99,800 as record profit-taking of $443 million and market manipulation through spoofing prevented the cryptocurrency from breaking the $100,000 barrier, while overall market structure remains robust with strong institutional participation and growing mainstream adoption signals.
South Korea's Financial Services Commission has decided against implementing national Bitcoin reserves for now, citing the need to observe international developments and ensure proper investor protection, despite cryptocurrency trading volumes exceeding stock market activity in the country.
According to South Korean news platform Newsprime, South Korea's Financial Services Commission (FSC) is grappling with increasing calls for a national Bitcoin reserve as global cryptocurrency adoption accelerates. Chairman Kim Byung-hwan recently addressed these requests, stating that while the idea of a Bitcoin reserve remains “distant,” it is not entirely ruled out.
Bitcoin's latest blistering rally has had the market on tenterhooks waiting for the world's largest cryptocurrency to surpass $100,000 for the first time. But the digital currency failed to clinch the lofty target by a whisker after topping out just below $99,600 at the end of last week.
Bitcoin is edging closer to the symbolic $100,000 mark, with market forecasts suggesting it could surpass that milestone in 2024.
Bitcoin exchange-traded funds (ETFs) saw significant inflows during the week of Nov. 18-22, as investors moved $2.42 billion into spot Bitcoin ETFs.
Dogecoin hit a three-year high of $0.48 on Nov. 23, 2024, fueled by growing speculation around Elon Musk's X platform.
Tether may take part in Cantor's multi-billion dollar bitcoin financing program. The latter already owns a 5% stake in Tether and custodies its U.S. Treasuries.
Bitcoin's price has fallen to $96,256, retreating from its recent high of $99,645 achieved on Nov. 22.
On Nov. 23, 2024, Wrapped Bitcoin (WBTC) experienced a sharp flash crash on the Binance exchange, with its price briefly dropping to $5,200.
Bitcoin Hits Another All-Time High on Trump's Election Win. Is There More to Come?
BitMEX founder and crypto veteran Arthur Hayes is laying out bullish outlooks for Bitcoin (BTC), Dogecoin (DOGE) and the broader digital asset market cycle. In a new discussion on the Alpha Only podcast, Hayes says traditional finance (TradFi) firms could be what triggers froth and a subsequent collapse in crypto valuations.
Bitcoin's rally above the $95,000 mark triggered a strong phase of accumulation among retail investors. Bitcoin (BTC) recorded an exchange net outflow of $6 billion over the last seven days — $3.9 billion on Nov.
The South Korean FSC remains cautious of digital assets in the wake of domestic calls for a Bitcoin reserve after the U.S takes a bullish stance on crypto.
If you've been following Bitcoin's rise, South Korea's latest move might surprise you. While the US plans bold steps with Bitcoin, it is holding back. The Financial Services Commission (FSC) has ruled out creating a national Bitcoin reserve. Their reason? It's all about caution, investor safety, and keeping things stable.
Bitcoin made a shocking comeback after a sharp fall below $95,900 as investors prepared for Thanksgiving.
Robert Kiyosaki, the author of "Rich Dad Poor Dad," has shared yet another outlandish price prediction with his 2.6 million followers.
Bitcoin (BTC) experienced a sharp price decline, falling from last week's high of $98,500 to a low of $95,500 during late US trading hours on Sunday. The 3.5% drop marked a technical pullback driven by profit-taking as the token approached the significant $100,000 milestone.