Boyaa now holds more than 3k BTC after converting Ethereum into Bitcoin
Cryptocurrency markets are closing Friday strong, with Bitcoin's performance paving the way for altcoin gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,590 +2.8% Ethereum (CRYPTO: ETH) $3,600 +1.0% Solana (CRYPTO: SOL) $242.66 +2.8% Dogecoin (CRYPTO: DOGE) $0.4355 +9.6% Shiba Inu (CRYPTO: SHIB) $0.00002621 +4.0% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22.6% and daily active addresses falling by 8%.
Bitcoins meteoric rise of 158.9% places it far ahead of crude oil on Bloombergs scorecard. Mike McGlone points to rapid technological advancements and geopolitical pressures as driving forces, signaling major market shifts as 2025 approaches.
Boyaa's stash of 3,183 Bitcoin is worth $310 million as of this writing, making the firm Asia's largest BTC treasury reserve holder.
The co-founders of the crypto analytics platform Glassnode believe that Bitcoin (BTC) may start heading higher after retracing to the low $90,000s based on one metric.
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Real Vision's head crypto analyst Jamie Coutts says that during the last two years, about $1.1 trillion of the world's money supply has been fed into Bitcoin (BTC) and other assets.
One of the top Hong Kong-based gaming companies, Boyaa Interactive, has converted $49.48 million worth of Ethereum into Bitcoin. The gaming company has now become the largest corporate Bitcoin holder in Asia.
Altcoins like Solana (SOL), Dogecoin (DOGE), and Render (RENDER) are showing strong momentum as Bitcoin nears $100,000. Solana recently hit a new all-time high and continues to attract users and trading volume.
With Bitcoin's dominance sustained by institutional and ETF flows, altcoins will have to rely on exchanges for the next altseason or find new strategies to attract capital.
The UK Court of Appeal has ended Craig Steven Wright's bid to overturn the decision that dismissed his claim to the title of Satoshi Nakamoto, the pseudonym of the Bitcoin creator, to an end.
Davinci Jeremie, the early Bitcoin advocate who famously urged people to buy BTC when it was just $1 over a decade ago, has set his sights on another cryptocurrency.
Bitcoin price struggles to overtake $100,000, but the predictable price action is creating a path forward for many altcoins.
Shiba Inu (SHIB), a leading meme coin, has gained notable traction this month, riding on a wave of market optimism. Over the past year, SHIB's value has surged by an impressive 200%, highlighting its resilience and strong community backing.
Bitcoin's recent rebound fuels renewed hopes for a $100K breakout as market sentiment ticks up.
Grayscale Investments' head of research Zach Pandl expects Ether to benefit more than Bitcoin as Donald Trump takes the office in January. Trump has already promised regulatory clarity and more accommodative policies for digital assets.
Bitcoin CME futures have surged past $100,000 for the second time in just five days, signalling robust institutional demand and fueling optimism for the cryptocurrency's spot price to achieve the same milestone.
Renowned trader Gareth Soloway, who has over 25 years of market experience, shared his price predictions for Bitcoin over the next few years. Drawing parallels to his experiences during the dot-com bubble, Soloway highlighted the importance of learning to read charts and adapting strategies, likening it to becoming “the casino instead of the gambler.
A closely followed crypto analyst says that one top-50 altcoin by market cap is primed for an explosive breakout.
The U.S. Securities and Exchange Commission (SEC) is the key regulatory body overseeing financial markets, including digital assets like Bitcoin. As the crypto world continues to grow, all eyes are on the possibility of Paul Atkins becoming the next SEC Chairman under a second Trump administration.
Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company's prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year.
The MicroStrategy chair isn't leaving Bitcoin out of his Thanksgiving festivities or menu this year.
Bitcoin's [BTC] recent gains could diminish as sellers take control.
The gods must have heard crypto investors' prayers over Thanksgiving. As markets open up Friday, Bitcoin has regained the $97,000 support level.
The Bitcoin market has been on an impressive upward trajectory, surging over 35% in the last 30 days. On November 6, Bitcoin broke its previous all-time high of $73,000, and as of now, the price remains nearly 30.95% above its mid-March all-time high.
Bitcoin CME futures pushed above the $100,000 market, but BTC's spot price struggles to mirror the move.
Bitcoin CME futures pushed above the $100,000 market, but BTC's spot price struggles to mirror the move.
Boyaa Interactive, a Chinese gaming giant, has become the largest corporate holder of Bitcoin in Asia, overtaking Japan's Metaplanet. This follows Hong Kong-listed Boyaa Interactive's move to convert $49.
As Bitcoin (BTC) hovers near the $100,000 mark, on-chain data indicates increased demand for the pioneer cryptocurrency, a move likely to act as a catalyst for achieving the six-figure valuation.
Bitcoin's price surge toward $100,000 has triggered record-breaking profit realization and intensified distribution activity among long-term holders, according to Glassnode and its researchers, Ukuria OC and Cryptovizart. Glassnode Insights: Bitcoin's Rally Reveals a Record $2 Billion in Daily Profits As bitcoin (BTC) prices edge closer to six figures, long-term holders are actively redistributing their holdings.
The lack of liquidity and scale will force the Bitcoin ecosystem's DeFi to surpass others. Governments are discussing Bitcoin strategic reserves, according to Hoskinson.
The OI in Bitcoin futures has increased from $39B on November 5 to the current level of $60.9B. Institutional and individual traders alike often use leverage build-up strategies as per analysts.
Bitcoin's dominance in the crypto market has recently decreased, falling below 57%, while Ethereum has experienced a significant increase! Discover the reasons behind this change.
Samson Mow reveals why Bitcoin's $100,000 milestone could spark explosive growth and lead to "hyperbitcoinization.”
Bitcoin ETFs set a record $6.2B inflows in November, signaling growing institutional interest as regulatory optimism boosts market confidence.
Latest data suggested Bitcoin might be at its market bottom, hinting at a rally towards $100k.
Russia just put Bitcoin at the center of its economic chessboard. Earlier today, President Vladimir Putin signed a law that not only recognizes Bitcoin and other cryptocurrencies as legal property but also brings a lot of new regulations to the industry.
The Bitcoin market continues to see a lot of noisy behavior, as the markets are trying to determine if we can get above the $100,000 level, an area that a lot of people are looking to for guidance. The same can be said about the $90,000 level as support.
Frank Speiser, Metafide CEO, joins 'The Exchange' to discuss his Bitcoin outlook and the likelihood of the crypto rally remaining intact.
Bitcoin touched $100,000 on the CME Futures platform, while the token's spot price lagged slightly during Thanksgiving.
The crypto analytics firm Santiment says Bitcoin (BTC) is likely heading higher if one key trend continues. According to Santiment, if the Mean Dollar Invested Age (MDIA) metric keeps declining, the chances are high for Bitcoin to start surging again.
Bittensor and Theta have also recorded double-digit gains in the past 24 hours, hitting levels that bulls could strengthen at to add to the upside momentum. Meanwhile, the global crypto market cap has jumped 2% to $3.37 trillion, benefitting from Bitcoin's spike above $97,000.
CryptoQuant's P&L and Bull-Bear Market Indicator show BTC is still below overvalued territory; hence, the cryptocurrency has more room for growth.
Bitcoin whales have been taking advantage of the flagship cryptocurrency's recent price dip to keep on accumulating BTC after short-term holders moved nearly $4 billion in the cryptocurrency to exchanges. According to CryptoQuant analyst Cauê Oliveira, Bitcoin whales took advantage of the “panic selling” to accumulate, with 16,000 BTC worth nearly $1.
Raoul Pal, a renowned investor, has issued an epic bullish Bitcoin (BTC) statement that might significantly affect investors' approach to the coin. Pal's statement comes as the broader cryptocurrency market watches whether BTC will surpass the $100,000 level.
The market remains bullish despite sellers' pressure, according to CoinStats.
The Bitcoin market rallied a bit on Friday, as traders continue to see the dips as reasons to get involved. At this point in time, the market sees the $90,000 level as a major support level, and the $100,000 level as a major ceiling.