BTC price behavior is either hinting at a deeper pullback or an RSI-fueled surge beyond $100,000, Bitcoin market observers conclude.
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The cryptocurrency market is seeing unprecedented levels of excitement as Bitcoin (BTC) pushes toward a six-figure price tag, with traders eager to amplify their gains. At the center of this speculative frenzy is the leveraged ETF tied to MicroStrategy (MSTR), the world's largest public holder of Bitcoin.
The US ETFs bought just over $1 billion worth of bitcoin on Thursday while price reached a new all time high of $99,548.
In a Friday op-ed, Lionel Laurent, a Bloomberg Opinion columnist, argues that MicroStrategy's debt-for-Bitcoin strategy will not be viable in the long term.
Bitcoin (CRYPTO: BTC) continues its climb toward $100,000, but traders are adopting cautious approaches to prepare for potential corrections. What Happened: Crypto chart analyst Ali Martinez observed a sell signal on Bitcoin's 4-hour chart, indicating a possible brief correction to $97,085.
On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) achieved a significant milestone, bringing in $1 billion in net inflows during a single trading session. U.S. Bitcoin ETFs Draw $1B in Daily Inflows as Ethereum Funds See Mixed Results According to data from sosovalue.com, Blackrock‘s IBIT fund, trading on Nasdaq, led the pack with $608.
Despite Bitcoin's recent rally, on-chain data reveals the bull market still has plenty of room to grow. Metrics like the MVRV Z-Score, NUPL, and Puell Multiple suggest Bitcoin is far from overheated, pointing to potential for significant upside in the months ahead.
The Bitcoin price started falling 30 minutes before the options expiry, but market watchers don't expect significant downside.
Bitcoin has surpassed $99,000 in a historic milestone, with the network hash rate reaching an all-time high.
Newmarket Capital has completed a loan that combines traditional real estate financing with Bitcoin collateral, introducing a novel approach to lending reported on CNBC's “Squawk Box” on Nov. 22. The loan refinances a 63-unit multifamily property in Philadelphia and incorporates 20 Bitcoin into the collateral package.
MicroStrategy Incorporated (NASDAQ:MSTR) is trading at an astonishing 256% premium to the net asset value (NAV) of its Bitcoin (CRYPTO: BTC) holdings, according to research conducted by BitMEX. The analysis highlights the extreme valuation disparity between MicroStrategy's current market capitalization, driven by its aggressive Bitcoin acquisition strategy, and the actual value of the Bitcoin it holds.
Crypto has all sorts of stories we hope are really true.
As Bitcoin's value increases, it significantly impacts the crypto gaming sector, including market growth, security enhancements, and the rising value of digital assets.
Cancer-focused biotech Anixa Biosciences announced plans to invest in Bitcoin to strengthen its financial strategy and enhance shareholder value. The San Jose-based biotech firm stated in a Nov.
There's been a raging debate on Twitter/X this last week about the value of holding your private keys in Bitcoin.
Bitcoin surged by over 40% in November of 2024 so far, reaching a historic monthly close and a new all-time high.
Bitcoin is treading a fine line near the coveted $100,000, keeping traders on edge as the market teeters between a breakout or a correction. Bitcoin Currently priced at $98,500 to $98,750 over the last hour, bitcoin (BTC) is navigating a complex market terrain defined by psychological resistance at $100,000 and a well-established support zone below.
This move highlights institutional confidence in Bitcoin's long-term potential and could reduce circulating supply, driving bullish sentiment.
On-chain data shows Bitcoin has recently surpassed a level of the Market Value to Realized Value (MVRV) Ratio that has historically signaled overheated conditions. Bitcoin Has Surpassed Highest MVRV Deviation Pricing Band In its latest weekly report, the on-chain analytics firm Glassnode has discussed about how Bitcoin is looking right now from the perspective of a pricing model based on the MVRV Ratio.
Cathie Wood, CEO of ARK Invest, has shared her insights on the potential impact of a Trump administration on Bitcoin (CRYPTO: BTC) and decentralized finance (DeFi). Wood believes that the administration could bring much-needed “regulatory clarity” to the fintech sector, particularly if Gary Gensler steps down from his position.
Cardano (ADA), the ninth-largest cryptocurrency, is setting its sights on the $1 mark, reaching highs of $0.919 in today's trading session.
Charles Schwab, one of the American financial giants, is preparing to enter directly into the Bitcoin and crypto market.
The convertible senior notes offer holders options for cash, stock, or a mix, with a starting conversion rate tied to a $672 strike price.
Famed investor Jim Cramer continues to see upside in Bitcoin despite its massive year-to-date rally. Post-election optimism has sent Bitcoin price soaring to new highs of around $99,000 – and crypto-related stocks have rallied with it as well.
As Bitcoin (CRYPTO: BTC) rapidly approaches the $100,000 milestone, experts tell Benzinga its dominance is about to hit a crucial turning point. They attribute this rise to record-breaking trading volumes, increasing institutional adoption and a shift in investor focus toward Bitcoin as a quality asset.
A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000.
Andrew Hohns, Newmarket Capital Founder and CEO, joins CNBC's 'Squawk Box' to discuss Bitcoin approaching $100k, how merging bitcoin and credit can reduce volatility, and more.
The largest German insurance company enters the BTC accumulation strategy of the business intelligence company.
Bitcoin, the world's largest cryptocurrency, is approaching a milestone that only the most bullish of analysts predicted to see in 2024. The digital currency flew above $99,400 overnight, coming within a whisker of $100,000 for the first time in history.
Bitcoin surged to a record $99,505 early Friday, just shy of the symbolic $100,000 mark. The cryptocurrency has gained significant momentum following the election of President-elect Donald Trump, whose pro-crypto stance has invigorated the market. As of 11:10 a.m.
Bitcoin (BTC) continued towards the $100,000 mark, rising to a new all-time high of $99,314 before declining to its current level of $99,124. BTC is now up 45% since Donald Trump was announced as the winner of the US elections.
Bitcoin's jump to $99,180 has turned heads, and Peter Schiff thinks MicroStrategy played a big role. The company, known for buying huge amounts of Bitcoin, recently raised $3 billion through convertible debt to add even more to its holdings. This move not only pushed Bitcoin's price higher but also increased MicroStrategy's stock value.
Michael Saylor's company continues its aggressive bitcoin accumulation strategy with a new major fundraising, even as its stock is undergoing a brutal correction in the markets.
After a sharp decline on Thursday, MicroStrategy Inc. (NASDAQ:MSTR) is showing signs of recovery in pre-market trading on Friday. What Happened: MicroStrategy experienced a 2.73% increase in pre-market trading early Friday morning, following a significant 16% drop on Thursday, according to Benzinga Pro on Friday.
As the price of Bitcoin approaches $100,000, Blackrock and Fidelity ETFs gobbled up the vast majority of the new capital.
The euro fell to its lowest level in two years and traders ramped up bets on interest-rate cuts from the European Central Bank after gauges of business activity in the bloc's two biggest economies contracted more than expected. The single currency fell almost 1% to $1.0375, the weakest since November 2022.
Bitcoin has so far continued to level up in terms of price performance, hitting new highs consistently for the past week. As a result of this, investors seem to be curious about whether it's time to secure profits or stay bullish for the next leg of the cycle.
As investors diversify their portfolios and look for opportunities elsewhere, Bitcoin's ability to maintain its position could be tested.
Chinese crypto owners just got a huge break following a new court ruling that states that holding crypto is not illegal. A judge at a Shanghai court has clarified that individual ownership of cryptocurrencies does not break any Chinese law.
In a recent interview, Senator Cynthia Lummis said that accumulating more Bitcoin could help cut the US Debt by half in 20 years, sparking market optimism. Notably, Lummis has been a vocal supporter of BTC, which has gained significant attention from the crypto market participants lately.
Prominent crypto analyst and CEO of CryptoQuant Ki Young Ju recently shared an interesting perspective on the price movement of Bitcoin (BTC). As the price of Bitcoin surpassed the $100,000 mark on the Chicago Mercantile Exchange platform, many began to discuss where the ceiling is for the price of the market's largest cryptocurrency.
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
Bitcoin's price is now flirting with $100K, and it seems like it's just on the verge of exploding above it. During the past few weeks, speculations around Microsoft investing in Bitcoin have skyrocketed.
As of November 22nd, Bitcoin has surged by over 10% this week, smashing its previous records to hit a staggering all-time high of $99,229 before stabilizing above $98,800. Investors and enthusiasts are now watching closely as the leading cryptocurrency inches closer to the psychological milestone of $100,000.
On this day two years ago, Bitcoin suffered a huge drop, falling below $16,000. The crash was a moment of uncertainty for many investors, but for those who saw an opportunity, it has paid off handsomely.
Bitcoin (BTC) is nearing the long-awaited psychological level of $100,000 (or $100k) per coin, bringing mixed feelings among analysts. While some are dominated by pure euphoria, eyeing the next round target for BTC price, others show disbelief or caution.
MicroStrategy has completed its offering of 0% convertible senior notes. The company states the net proceeds from the offering will be used to purchase more Bitcoin.