Bitcoin exchange-traded funds (ETFs) saw a significant surge in trading volume, reaching a total of $5 billion on November 26, 2024. This surge came amid a drop in Bitcoin's price, which fell to $91K, marking a slight dip of 1.23% in the past few days.

As bitcoin enjoyed a bit of a lift on Wednesday, ether (ETH) stole the spotlight by jumping more than 10% in just 24 hours. The second-largest cryptocurrency now claims over 13% of the $3.33 trillion total market cap. Ether's $47B Volume Surge Sparks Wild Speculation—$7,500 Next? Bitcoin (BTC) gained 4.4% against the U.S.

Bitcoin has seen a 9% retracement from its all-time high of $99,800, but its long-term bullish structure remains intact. This correction, though notable, hasn't dampened investor optimism, as many are prepared to buy the dip and drive BTC past the elusive $100,000 mark.

The massive adoption of Bitcoin has spread, and even the city mayor is now aspiring to make a Bitcoin-friendly city in the nation. Vancouver City Mayor Ken Sim, on the city meeting council on Nov.

Ethereum (ETH), the world's second-largest cryptocurrency, is at a critical juncture as it hovers near a key resistance level. After gaining 46.11% in recent weeks, ETH remains under scrutiny due to a mix of bullish accumulation by whales and rising short interest.

For Bitcoin, after its recent decline, a recovery may be imminent, despite the gloom around the asset. Following its peak of almost $100,000, Bitcoin underwent a correction, falling to the support level of $90,000.

Bitcoin has experienced a significant rally in 2024, and its price has more than doubled since the beginning of the year to approach the psychological $100,000 mark.

Will BTC front a solid price recovery after US Thanksgiving?

MARA calls Bitcoin's blockspace and hash rate critical tools for protecting US financial sovereignty.

Peter Schiff, an ardent critic of Bitcoin, recently took a swipe at the digital currency again, this time at MicroStrategy's continued purchase of Bitcoin. Schiff criticized MicroStrategy's bold $42 billion plan to buy Bitcoin within three years.

Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of $99,645—a near 170% year-to-date increase. This notable price performance, followed by the recent price dip, has sparked discussions about the state of the market, particularly the profit-taking behaviour observed among investors.

Brazil is taking bold steps toward integrating Bitcoin into its financial framework, with the country's Congress discussing a new law aimed at creating a strategic Bitcoin reserve. The proposed law could see up to 5% of Brazil's international reserves allocated to purchasing Bitcoin, a move that could have wide-reaching effects on Bitcoin's value and adoption worldwide.

Vancouver Mayor Ken Sim has unveiled a groundbreaking proposal to add Bitcoin (BTC) to the city's financial reserves, citing its potential to protect purchasing power and diversify resources. The motion, which will be discussed by the council on Dec. 11, aims to position the city as a leader in digital asset adoption.

Vitalik Buterin donates 320 ETH tokens worth $1.07 million after selling memecoins worth $81.8k.

Recently, Ethereum (ETH) showed signs of falling below $3,000 but held firm as bulls defended the altcoin.

Ether futures open interest reached a record $22 billion, marking a 23% growth from Oct. 27 to Nov. 27.

The founder of Cardano, Charles Hoskinson, has recently made a very bullish prediction for Bitcoin, stating that the asset may climb to between $250,000 and $500,000 within one or two years. In a live stream recently, Hoskinson highlighted that Bitcoin is a “strategic reserve asset” much like gold.

The longtime BTC critic has questioned MicroStrategy's strategy, claiming that it's a recipe for disaster.

Altcoin activity surges as the Altcoin Season Index hits 59, signaling growing momentum in the market.

Bitcoins bull market shows resilience with no signs of overvaluation, according to analysts eyeing a potential $146,000 peak. Institutional demand drives the trend, while retail activity remains subdued.

Bitcoin rose 5.05% to $96,286 at 2130 GMT on Wednesday, adding $4,633 to its previous close.

In this chapter from The Satoshi Papers, Avik Roy explores the looming fiscal crisis and presents three potential responses from the United States: restriction, paralysis, or assimilation. Could Bitcoin emerge as a solution—or spark further conflict?

Bitcoin, Ethereum, and even Dogecoin are experiencing a surge in prices ahead of Thanksgiving after dipping at the start of the week.

According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.

Bitcoin (BTC) has captivated the crypto market with its remarkable price movements this year, nearing the psychological milestone of $100,000. According to recent options data, the probability of Bitcoin surpassing six figures by the end of 2024 stands at an impressive 45%, up from 34% just a week ago.

Vancouver Mayor Ken Sim has ignited debate with a bold motion to explore Bitcoin as a reserve asset. Set for a December 11 vote, the proposal seeks to safeguard the citys purchasing power and align with global cryptocurrency trends.

SOS Limited, a Chinese data mining and technology company, announced on Nov. 27 that its board has approved a $50 million investment in Bitcoin (BTC) to diversify its assets and capitalize on the flagship crypto's growing strategic significance.

U.S. Bitcoin miner Mara spent roughly $67 million on its latest Bitcoin buy following a 0% $1 billion convertible note sale.

Chris Giancarlo, the former Chairman of the Commodity Future Trading Commission (CFTC) has broken silence on the strategic Bitcoin reserve proposal and other policies to expect from the Donald Trump administration. Speaking in an interview with Fox Business Charles Gasparino, the former regulator noted that achieving the Bitcoin reserve plans will come with surmountable challenges.

Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,719.50 +5.3% Ethereum (CRYPTO: ETH) $3,599.43 +8.8% Solana (CRYPTO: SOL) $239.41 +4.5% Dogecoin (CRYPTO: DOGE) $0.4042 +6.6% Shiba Inu (CRYPTO: SHIB) $0.00002545 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%.

A closely followed crypto analyst says that a price correction for Bitcoin in the coming weeks could be beneficial for BTC‘s bull market.

Bitcoin [BTC] has been showing impressive strength, surging 39.51% over the past month, lifting its market capitalization to an astounding $1.85 trillion. However, despite the ongoing bullish sentiment, recent market movements have raised questions about whether a correction is looming.

Despite recent price corrections, Bitcoin's valuation metrics still indicate a bull cycle ahead.

Ethereum (ETH), the world's second-largest cryptocurrency by market cap has breached a crucial level and currently is gaining significant attention from investors as well as traders. As of today on November 28, 2024, ETH's breakout from a strong resistance level indicates that it is poised for a notable upside rally.

Crypto industry CEO Charles Hoskison has dropped his ultra-bullish forecast for the Bitcoin price to climb to $500,000 in two years, citing nation-states weighing strategic BTC reserves and the incorporation of decentralized finance functionalities into the OG crypto network.

Long-term Bitcoin (BTC) holders have started taking profits since the cryptocurrency price attempted to reach $100,000. As a result, Bitcoin's price has retraced to $93,000, affecting the value of the broader crypto market capitalization.

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Cardano price, a proof-of-stake cryptocurrency, has surged over 200% this November, securing its position as a market leader. The impressive rally reflects widespread bullish sentiment across the crypto sector, reigniting investor optimism and interest in altcoins.

Historically, Bitcoin has achieved all-time highs (ATH) on November 28 in both 2013 and 2017. With November 28, 2024, imminent, investors are speculating whether Bitcoin could reach the $100,000 mark on this significant date.

Economist and trader Alex Krüger on Wednesday shared his prediction of potential stages for the remainder of the bull market, anticipating Bitcoin (CRYPTO: BTC) to lead the way for a broader market rally. What Happened: In a post on X, shared seven potential stages, based on patterns observed in 2021 and 2024.

Despite the “Inverse Cramer” tag hanging over his head, the Mad Money host is doubling down on his crypto cheerleading.

Vancouver Mayor Ken Sim has announced plans to explore Bitcoin as part of the city's financial strategy, marking a shift toward cryptocurrency adoption. A motion titled “Preserving the city's purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city” is set to be presented to Vancouver City Council on December 11, 2024.

Despite recent price fluctuations in the past few days, there is still robust optimism and confidence in Bitcoin‘s potential for a significant rally in the short term. Multiple seasoned crypto analysts have cited the psychological $100,000 as the next key level to watch once BTC regains its upside momentum.

Jurrien Timmer, director of global macro at Boston-based mutual fund behemoth Fidelity, believes that Bitcoin exchange-traded funds (ETFs) appear to be one of the main catalysts behind the recent rally that nearly brought the largest cryptocurrency to the much-coveted $100,000 price mark.

Transform Ventures CEO Michael Terpin joins CoinDesk to discuss bitcoin's recent price movement as the largest crypto by market cap struggles to push through the $100,000 threshold. Plus, his BTC price prediction and insights into the best time to enter the market.

YouTube rival Rumble says it will allocate up to $20 million of its excess cash reserves toward Bitcoin (BTC). The online video platform announced in a press release this week that its board of directors voted to approve the new “corporate treasury diversification strategy.

Bitcoin volatility is back as BTC dropped from nearly $100,000 to almost $90,000. Data from Glassnode shows that short-term holders have sent almost $8 billion or 83,000 BTC to exchanges at a loss over the past two days.

Bitcoin pullbacks attract buyers as $0 risk diminishes, with dips seen as entry points amid a maturing market, says Bitwise CIO. The post Bitwise CIO says Bitcoin's $0 risk is gone, pullbacks now attract buyers appeared first on Crypto Briefing.