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.
MetaMask launched its “Gas Station” feature, allowing users to complete token swaps without needing ETH or paying gas fees.
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'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.
Ethereum's derivatives market is experiencing a bullish surge, with futures open interest climbing over 12% to reach an all-time high of $20.8 billion on Friday. The post Ethereum Futures Surge to $20.8B as Price Hits $3,365, Signaling Bullish Momentum: CryptoQuant appeared first on Cryptonews.
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.
Ethereum continues to hold a commanding position in the stablecoin market, maintaining 52.59% of the total stablecoin supply, despite rising competition from other blockchain networks like TRON and Solana. As the leading smart contract platform, Ethereum's dominance is evident in both the supply and turnover of stablecoins like Tether (USDT), USD Coin (USDC), and various algorithmic stablecoins.
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.
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.
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.
A look at the day ahead in U.S. and global markets from Mike Dolan
BTC peaked at $99,500, but can it go any further?
Bullish sentiment in the cryptocurrency market has continued, with many investors making huge profits from early bets. This bullish run has also woken a dormant billion-dollar Ethereum (ETH) that is now snapping gains from its massive holding.
Ethereum (ETH) price trades today at as of . Ether prices hit a daily high of today after rising % on.
Ethereum (ETH) spot exchange-traded funds (ETFs) have witnessed a significant outflow of $163 million this week. This comes as the bullish sentiment trailing the leading altcoin begins to wane, making it a struggle for the coin's price to break through the $3,400 resistance level.
The $2.86 billion Bitcoin options expiry could trigger short-term volatility, particularly as traders anticipate Bitcoin reaching the $100,000 mark.
TL;DR Bitcoin (BTC) is nearing the $100,000 mark, currently trading at approximately $98,000, driven by favorable market conditions and significant developments within the cryptocurrency space. Ripple (XRP) has surged by 70.82% in the past week, reaching a three-year high of $1.40, following the resignation of SEC Chairman Gary Gensler.
Spot Bitcoin ETFs in the U.S. witness $1 billion in daily net inflows as Bitcoin's price hovers just above the $99,000 mark.
Despite millions of selling pressure, Ether is staging a breakout to above $3,700 due to an emerging bull flag, according to market analysts.
Story Highlights The live price of the Bitcoin token is Bitcoin's price may reach $100k if the bullish sentiment is sustained. BTC price is expected to make a meteoric rise toward $347,782 by 2030. The cryptocurrency market has achieved a new milestone by achieving the $3.3 Trillion mark as Donald Trump endorses Bitcoin.
As Bitcoin inches toward the $100,000 mark, MicroStrategy's stock has experienced notable volatility. MSTR shares closed at $397.28 on Thursday, marking a sharp 25% decline from its all-time high of $536.70.
Dollar soars, euro and pound stumble on weak data and dovish central bank bets. Can Bitcoin's rise to $100K redefine market dynamics?
Ethereum's price has broken above $3,300 with increased trading volume and whale accumulation, while network metrics show sustained growth in daily transactions and user activity.
Through most of November, Bitcoin (BTC) has been moving towards the long-predicted $100,000 price target – sometimes making rapid daily leaps, sometimes inching upward ever so slowly.
Bitcoin price rallied to a new all-time high of about $99.5K earlier today catalyzed by ongoing institutional FOMO.
Ethereum (ETH) price is finally moving after a week of sideways movement. In the last hour, the second-largest crypto has seen a 5% surge to retest the key $3,200 level.
A large liquidation of Ethereum holdings has been observed from the Cosmos developer Interchain Foundation, with another 3,000 ETH ($10.16M) sold from their 2017 ICO reserves. This continues a pattern of sales that has seen 21,600 ETH ($55.97M) liquidated since April 2024, with an average selling price of $2,591 per ETH.
Ethereum futures open interest across all exchanges has hit a new all-time high, according to CryptoQuant data.
XRP and Cardano lead an altcoin surge as Bitcoin consolidates, signaling a redistribution of profits and market focus.
It seems that the price of BTC really wants to try to break through the now very famous wall of 100,000 USD.
As Bitcoin ($BTC) approaches $100,000, Gary Gensler, chairman of the SEC, and long time opposer of all things crypto, has decided to step down when Donald Trump takes over the U.S. presidency in January. Is operation Chokepoint 2.0 finally at an end?
Texas lawmakers begin early-stage discussions about potential Bitcoin strategic reserve legislation, following similar initiatives in Pennsylvania and at the federal level.
Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.
Bitcoin's push toward $100K following Trump's election victory sparks debate over the digital currency's next major move.
The blockchain-based poker system CoinPoker's hot wallet had been hacked on 8th November which caused the loss of nearly 2000 ETH, or around 2 million USD. These attacks targeted wallets or access to a wallet bypassing wallet safeguards, and funnelling money through multiple transactions in an organized manner, that targeted Ethereum, BSC, and Polygon.
The return of Donald Trump to the White House could mark a historic turning point for Bitcoin. The proposal for a national strategic reserve of Bitcoin, pushed by Republican legislators, is gaining credibility with Trump's victory in the 2024 presidential election.
Bitcoin whales continue accumulating as BTC inches closer to $100,000.
Bitcoin has set a new all-time high (ATH) beyond the $98,000 level today, as on-chain data shows cryptocurrency inflows have rocketed up.
