The Bitcoin market continues to see a lot of strength, as we are attempting to break above the crucial $100,000 region. This is an area that will more likely than not cause a bit of a headache, but in the end, we should see it get broken above.
The market is again mainly green, according to CoinMarketCap.
Ethereum (ETH) lost its three-year support against Bitcoin (BTC) as the most prominent cryptocurrency rallied towards its $100,000 target on Friday, November 22. ETH has faced sticky resistance at $3,500 for nearly four months while competitors hit record highs this cycle.
On Thursday, Bitcoin mining giant MARA Holdings (NASDAQ: MARA) announced that it had successfully closed a $1 billion convertible senior notes offering on November 20, 2024. The offering includes an additional $150 million in notes issued when initial purchasers exercised their full 13-day option on November 19.
XRP is on the verge of a technical pattern known as a "golden cross" in its Bitcoin (BTC) pairing. This pattern, often seen as a bullish signal, occurs when a short-term moving average crosses above a long-term moving average, indicating potential upward momentum.
Savvy commodities trader Peter L. Brandt has published an important X post to warn his followers against a scam wave that he expects to be coming soon.
While Ethereum still faces challenges in breaking past its peak, Solana has made a strong recovery from FTX's collapse.
As of now, two heavyweight block producers are in charge of 95% of all Ethereum (ETH) blocks. This opens a path for potential transaction censorship opportunities associated with advanced MEV strategies.
A surge in filings for spot Solana exchange-traded funds (ETFs) has occurred following the resignation of SEC Chair Gary Gensler, sparking optimism in the cryptocurrency industry. The post Solana ETF Filings Increase in the Wake of Gary Gensler's SEC Resignation appeared first on Cryptonews.
The latest long/short ratio chart shows a noticeable disparity: long positions make up only 41.61%, while short positions dominate.
Solana (CRYPTO: SOL) reached a new all-time high on Friday morning, trading at $264.31 on Coinbase Inc. (NASDAQ:COIN), according to TradingView. This comes two years after the collapse of the crypto exchange FTX, which had sent Solana prices plummeting.
The data shows that BTC's current trajectory aligns closely with the patterns observed in the last two cycles.
BTC price behavior is either hinting at a deeper pullback or an RSI-fueled surge beyond $100,000, Bitcoin market observers conclude.
Bitcoin at $97,700 with analysts predicting a $2M peak by 2027. Explore key resistance levels, long-term forecasts, and the macroeconomic drivers shaping its trajectory The post Analysts Outline A $2 Million Bitcoin ATH by 2027 – Here's How appeared first on Cryptonews.
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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.
The bears are slowly gaining strength with the beginning of the American trade as the markets are plunging from the highs. Solana's price has also marked a new ATH at $263, just above the previous one at $260, with a massive increase in bullish sentiments and volume.
Crypto asset manager Bitwise has filed for a Solana (SOL) exchange-traded fund (ETF). Paperwork filed with the Securities and Exchange Commission (SEC) makes Bitwise the fourth investments company vying to offer a Solana ETF, behind Canary Capital, which filed in October and VanEck and 21Shares which kicked off the race in June.
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.
Holonym Foundation partnered with Kelp DAO, a Liquid Restaking Protocol built on Ethereum's EigenLayer, to strengthen the Mishti Network's security and continue bringing digital identity solutions for the application of blockchain technology.
Crypto investor Raoul Pal has shared a bullish outlook for Solana (SOL), suggesting the altcoin could see further gains despite recently reaching a new all-time high. His prediction coincides with two new ETF filings featuring SOL, which could increase the cryptocurrency's demand and visibility in mainstream markets.
Gnosis founder Martin Köppelmann says Ethereum needs to move away from “centralized” L2s like Base and adopt native rollups.
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.
An Ethereum (ETH) whale, dormant for eight years, has woken up and started selling over $1.3 billion in profits. The whale has held a $2.4 million initial ETH investment since 2016, accumulating a 558-fold return by November 2024.
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.
Bitcoin responds with facts and marks further all-time highs close to 100,000 dollars
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.
A massive Ethereum whale that accumulated nearly 400,000 ETH when the second-largest cryptocurrency by market capitalization was trading at around $6 per token has recently restarted selling. According to data shared by on-chain analysis firm Lookonchain, the whale accumulated a total of 398,889 ETH for around $2.
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.
Several indicators point to an imminent bullish breakout for Ethereum price in the near term as Bitcoin price approaches a major psychological target of $100K.
Bitcoin surged by over 40% in November of 2024 so far, reaching a historic monthly close and a new all-time high.
The Cboe BZX Exchange has filed for four spot Solana ETFs from Bitwise, VanEck, 21Shares, and Canary Capital.
Ethereum layer 2 scaling solution Optimism ($OP) is riding the bull run after rallying 39% in just seven days. The bulk of those gains came in the last 24 hours, after the token surged 23% to trade at $2.18.
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.
What happens when a sleeping crypto giant stirs? That's the question haunting Ethereum traders right now. A wallet that sat untouched since 2016 suddenly became active, sparking a massive selloff. With millions still at play, Ethereum's future feels a bit uncertain.
Charles Schwab, one of the American financial giants, is preparing to enter directly into the Bitcoin and crypto market.