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news-imageNovember 28, 2024

Chinese firm invests $50M in BTC: Is China warming up to Bitcoin?

SOS Limited's $50M Bitcoin investment boosts the stock by 43%, reflecting growing confidence in digital assets.
Publisher: AMBCrypto
Sentiment: Positive
BTC

More News Articles

Negative
cover-imageBenzinga
November 28, 2024

Bitcoin 'Supercycle' Narrative Is A 'Collective Delusion,' Influential Crypto Venture Capitalist Says

Chris Burniske, a prominent voice in the crypto space and partner at Placeholder VC, dismissed the idea of a Bitcoin (CRYPTO: BTC) "supercycle," labeling it a “collective delusion.” What Happened: In a detailed thread on X on Wednesday, Burniske warned investors against the belief that Bitcoin's bull markets will eliminate future bear markets, despite new factors such as Bitcoin exchange-traded funds (ETFs) and potential sovereign adoption.

Positive
cover-imageCoinPedia
November 28, 2024

3 Altcoins Outperforming Bitcoin Amidst Market Dip

While the crypto community is still waiting for Bitcoin to cross $100k, the total market cap of Crypto increased by 1.56% in the last 24 hours. Bitcoin suffered a loss of 4.22% and is now trading at $95,643, however there are some alts unaffected by its movement.

Positive
cover-imageCoinPedia
November 28, 2024

Steve Baker To Serve As An Advisor To Bitcoin VC Firm Axiom

In a latest development, the Advisory Committee on Business Appointments (ACOBA) has approved former UK Minister Steve Baker as an advisor to Bitcoin VC firm Axiom Venture Fund II LP. Notably, Steve Baker has become the latest politician to transition from public service to the cryptocurrency sector.

Negative
cover-imageNewsBTC
November 28, 2024

Storm Ahead? Bitcoin Price Could Tumble 20% Due To M2 Supply Concerns

Investors have expressed apprehension regarding the recent price fluctuations of Bitcoin, particularly in light of analysts' predictions of a 20-25% decline in the global M2 money supply. Related Reading: Crypto Bloodbath: Over $500 Million Liquidated As Bitcoin Slides To $92K – Report At $92,864, bitcoin is down nearly 9% from its recent high of just under $100,000.

Neutral
cover-imageThe Currency Analytics
November 28, 2024

Michael Saylor's Influence on Bitcoin: Why He Doesn't Control Its Fate

There's been some recent chatter suggesting that Michael Saylor, the CEO of MicroStrategy, holds significant sway over Bitcoin's future due to his company's massive Bitcoin holdings. Some even claim he's the second most powerful person in Bitcoin after Satoshi Nakamoto, a sentiment voiced by Vinny Lingham.

Positive
cover-imageCrypto Daily
November 28, 2024

Chinese Firm SOS Ltd Embraces Bitcoin with $50M Investment

In a move that boosted its stock value significantly, Chinese financial services firm SOS Ltd will be investing $50 million in Bitcoin, citing its confidence in the cryptocurrency's long-term value and aligning with a rising trend of corporate adoption driven by favorable regulatory developments.

Neutral
cover-imageCoingape
November 28, 2024

Bitcoin Price Today: Will BTC Drop Below $90k or Bounce Back?

After setting up an all-time high (ATH) at $99,690 on November 22, BTC crashed nearly 9% in total and created a local bottom at $90,835. Although BTC has recovered in the past 12 hours, it faces a tough resistance level, leaving investors wondering if Bitcoin will visit $100,000 first or continue its crash and dip

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