The crypto market today has been super optimistic with the market capitalization of the industry soaring by 5.25% to $3.64 trillion. This move was catalyzed by Bitcoin reclaiming the $100k mark on its daily chart. Despite the greenish numbers, the trading volume took a hit of 24.07%, settling down at $216.31 billion.

As expected, whales went on an accumulation spree in the past few days.

The concerns were in response to Michael Saylor's suggestion that the U.S. should quadruple its planned strategic reserve and exert influence over the Bitcoin network. Saylor Calls for U.S.

Bitcoin (BTC) has been experiencing a notable shift in market dynamics, raising questions about its future price movements. Long-term holders, who have traditionally been key players in Bitcoin's market stability, are now starting to sell their holdings.

Key Points:

The Bitcoin (BTC) market has undergone a remarkable recovery this year, largely due to the increased popularity of Bitcoin ETFs. BTC reached an all-time high of $73,000 in the first quarter of the year, sparking a bullish trend that continues today, with a recent high of $104,000.

Bitcoin (BTC) fell to $94,500 yesterday after Microsoft shareholders decisively rejected a Bitcoin treasury proposal to allocate 1% of the company's total assets to buy BTC as an inflation hedge. However, analysts are still confident of further appreciation of the BTC price.

ASIC's digital asset lead compared Bitcoin to cigarettes while responding to questions on proposed Australian crypto regulation.

Thomas Peterffy, the billionaire founder of Interactive Brokers Group, recommended that investors have 2-3% of the net assets in Bitcoin. He said his firm only allowed its clientele to put up to 10% of their total assets into crypto.

Prediction markets were skeptical that such a motion would pass.

Solana's price has recently taken a hit, dropping by 17% from its highest point this year. This decline has raised concerns among investors who are wondering whether the cryptocurrency can recover or if further losses are ahead.

Elon Musk has once again shattered records, becoming the first person ever to reach a net worth exceeding $400 billion. This achievement marks a historic milestone, driven by surging valuations of his companies, particularly Tesla and SpaceX, along with the remarkable performance of his crypto investments as the Bitcoin price surged past the $100k milestone.

The approved motion proposed that the city turn a portion of its financial reserves into bitcoin and accept taxes in bitcoin.

Bitcoin's price surpasses $100,000, marking a significant milestone in its evolution, driven by robust network growth, institutional adoption, and increased market capitalization.

The hackathon emphasizes leveraging Solana's high-performance blockchain to support the deployment of AI agents on-chain. Solana Wants Innovative AI Agents Solana has launched its first artificial intelligence (AI) hackathon, marking a significant milestone in integrating artificial intelligence with blockchain technology.

Bitcoin is currently trading in a mid-range, with long-term holders continuing to take profits.

The crypto prices today showed bullish momentum, with Bitcoin trading above $100K. Major altcoins like Ethereum rose by 6%, while XRP and Solana gained 5% to 6%.

The Vancouver City Council has greenlit a study to integrate Bitcoin despite regulatory constraints and environmental concerns.

At least four of IcomTech's operators are now behind bars after receiving prison sentences of up to 10 years this year.

While Bitcoin (BTC) has previously shown significant momentum in this market cycle, recent insights suggest that liquidity sources beyond Coinbase may be driving the trend. A CryptoQuant analyst, Mignolet, specifically provided a detailed analysis of Bitcoin's market, shedding light on the role of major exchanges like Coinbase and Binance in the ongoing bull cycle.

In a series of public statements, Dennis Porter, CEO and founder of the non-profit advocacy organization Satoshi Act Fund, has raised expectations for what he describes as a landmark announcement related to Bitcoin.

Russian scientists say they have made another breakthrough in the fight against Bitcoin (BTC) and Ethereum (ETH)-powered crime. The post Russian Scientists Say They've Developed a Solution to ‘Fight BTC, ETH-powered Crime' appeared first on Cryptonews.

Vancouver Bitcoin proposal has now been approved to explore the potential benefits of incorporating Bitcoin into the city's financial operations.

Vancouver's exploration of Bitcoin as a reserve asset could influence global municipal financial strategies and crypto adoption debates. The post Vancouver approves motion to explore Bitcoin as a reserve asset appeared first on Crypto Briefing.

Bitcoin price remained supported above the $95,500 zone. BTC is up over 5% and is now trading above the $100,00 resistance zone.

Last week, Bitcoin.com News dropped an editorial that spilled the beans on all the governments clutching bitcoin, whether they snagged it through criminal busts or by mining or buying it.

Bitcoin Hits $100k as SEC Drama Unfolds: ETF Inflows and Regulatory Tensions Set Stage for Crypto Market Volatility.

Bitcoin, the pioneer of cryptocurrencies, is celebrated for its robust security framework. However, as quantum computing makes rapid advancements, this digital asset may face its greatest challenge yet.

Solana (SOL), the world's fourth biggest cryptocurrency by market cap, is poised to continue its upside momentum as on-chain metrics shift in whale favors. After a sharp price decline, SOL found support at $205.5 and resumed its upside momentum. It is poised to continue its upside momentum in the coming day.

The son of US President-elect Donald Trump said that Bitcoin will continue to soar and made an audacious prediction that it will reach $1 million per coin. Related Reading: Tether's USDT Hits New High—330 Million Wallets And Counting Trump Organization Vice President Eric Trump vowed that his father and their family will not cease their support of the firstborn cryptocurrency.

Eric Trump confidently predicted bitcoin will surpass $1 million, crediting the “most pro-crypto president in the history of America” for spearheading a global financial revolution. Eric Trump: Bitcoin to $1M With Most Pro-Crypto President in US History Eric Trump, son of U.S. President-elect Donald Trump, confidently predicted on Dec.

The falling Open Interest indicated that speculators were waiting for the market to make up its mind and break the range.

Bitcoin (BTC) miner Riot Platforms has successfully completed a $525 million senior note offering, according to a Dec. 11 filing with the SEC. The notes, which mature in 2030 and carry a 0.75% interest rate, were offered privately to institutional investors.

More than 28.23 million Microsoft shareholder votes were cast in favor for Bitcoin, compared to an overwhelming 5.148 billion against.

A higher low, a crucial reversal signal that might pave the way for fresh bullish momentum, is being hinted at by the price action of XRP. When XRP was unable to break above the $2.80 resistance level, a critical area that signaled the end of its recent rally, it entered correction mode on Dec. 3.

A remarkable shift in sentiment and activity has been spotted among Bitcoin's large investors also known as whales, especially wallet addresses holding more than 100 BTC in spite of recent price fluctuations, sparking discussions about the next trajectory of BTC's price.

When the financial history books are written, 2024 is sure to be recorded as a banner year for the burgeoning crypto industry. Market-boosting catalysts, from the introduction of spot exchange-traded funds (ETFs) to a presidential election that delivered a crypto-friendly administration to the White House, seemed to occur every few weeks.

According to a Proof of Workforce X post, the Kenya National Fire Brigades Association (KENFIBA) has completed setting up its BTC reserve.

Bitcoin's price holds steady within the critical $94,800-$97,700 demand zone, supported by strong accumulation and bullish technical indicators. Breaking the $98,279-$100,080 resistance could pave the way for new highs.

Technical analyst Ali Martinez has said that the drop in crypto prices has allowed whales to accumulate more assets. In a post on X, Martinez reported that 342 new wallets holding more than 100 BTC were created as Bitcoin dipped from $104,000 to around $90,000.

State Auditor Andrew Sorrell has proposed that Alabama create a strategic Bitcoin (BTC) reserve to ensure its continued leadership in crypto adoption. He argued that such a move would diversify the state's assets, attract crypto-focused businesses, and establish Alabama as a pioneer in the digital asset space.

Riot completes a $525M offering to bolster Bitcoin acquisitions and operations, holding 12,000 Bitcoin, valued at $1.2B. The post Riot Platforms completes $525M offering to buy Bitcoin appeared first on Crypto Briefing.

More all-time highs for bitcoin, solana and ether? Continuing inflows for ETFs?

On Wednesday, during an interview with CNBC, Fundstrat's Tom Lee pointed out that bitcoin offers the clearest gauge of how the Trump administration's economic policies might fare. Lee highlighted bitcoin's historical patterns, which “would imply $250,000 per bitcoin in 2025.

Max Resnick, a reputable Ethereum expert, has taken a bold shift to the Solana blockchain. The change follows his departure from Consensys, where he played an important role in advancing Ethereum's ecosystem.

Pudgy Penguins NFTs surpass $100K in floor price as excitement grows for the Pengu token launch on Solana, marking a new milestone for the collection. The post Pudgy Penguins NFTs surpass Bitcoin as floor price breaks $100K appeared first on Crypto Briefing.

Bitcoin's price has trended within a narrow range since it hit a new all-time high of $103,647 on December 5. It has since faced resistance at $101,509 and found support at $94,306.

Bitcoin has crossed the $100,000 mark again. Ethereum followed with a 4% rise, though it remains shy of the critical $4,000 resistance level.