Is Bitcoin's Post-Election Rally Over?

SOS plans a $50 million investment in Bitcoin, capitalizing on its projected price rise, currently around $93,000 per coin.

Bitcoin's journey towards its much-anticipated $100,000 milestone suffered a significant setback as the cryptocurrency tumbled this week, dropping as low as $91,095 on Tuesday and triggering a wave of liquidations.

SOS Ltd. announced a plan to buy up to $50 million worth of Bitcoin on Wednesday morning. Its stock price immediately exploded.

SOS Ltd., a company involved in blockchain operations and cryptocurrency, has announced plans to allocate $50 million toward the purchase of bitcoin (BTC). SOS Invests $50 Million in Bitcoin According to the announcement, the initiative aims to bolster the company's blockchain strategy while leveraging the growing prominence of bitcoin as a digital asset.

China-based company SOS Limited plans to tap Bitcoin to support its investment portfolio and extract value from the fast-growing cryptocurrency.

The sell-off coincides with Bitcoin's recent price surge near $100,000, sparking questions about motivations. The post Long-Term Bitcoin Holders Sold 728,000 BTC in 30 Days – CryptoQuant appeared first on Cryptonews.

Kamala Harris's rejection of Bitcoin deprives a vital resource to those in need globally, while Trump's ‘Number Go Up” approach, may jeopardize America's core humanitarian values, like the refugee resettlement program, and ignore Bitcoin's potential to aid vulnerable populations globally.

Senator Cynthia Lummis claims that Trump is assembling a team to advocate for Bitcoin and blockchain technology. The leadership team plans to integrate Bitcoin, crypto, and blockchain into a U.S.-centric 21st-century economy.

Maya Parbhoe, a presidential candidate in Suriname, proposes to adopt Bitcoin as the country's national currency. The post Suriname Presidential Candidate Promises to Adopt Bitcoin as National Currency appeared first on Cryptonews.

Analysts are divided on Bitcoin's next move, with Ran Neuner predicting a steep drop and backing his stance with a Speedo bet.

As Bitcoin reaches historic highs and continues to capture global investors' interest, a publicly-listed Chinese firm SOS Ltd has unveiled plans to invest $50 million to purchase Bitcoin.

Crypto analyst Trader Tardigrade has drawn the community's attention to the fact that the Bitcoin price is mirroring 2023 movements. The analyst further provided insights into what this means for the flagship crypto.

Here are the key points to know as Bitcoin aims to mark $90K as a local bottom.

SOS Ltd. announces a $50M Bitcoin purchase plan as part of its Bitcoin investment strategy to boost market competitiveness and profits. The post Chinese blockchain company SOS plans $50M Bitcoin purchase appeared first on Crypto Briefing.

Bitcoin's price is teasing investors, as it is experiencing a pullback before reaching the $100K mark. Yet, as things stand, there's a considerable probability that it will hit the milestone soon.

BTC price upside makes a confident return as chart analysis sees fresh odds of Bitcoin hitting $100,000 after all.

SOS Limited's Board of Directors authorized an investment of $50 million in the company's Bitcoin acquisition. On November 27th, the announcement was published on their website.

A closely followed crypto analyst is identifying a level where Bitcoin (BTC) could regain bullish momentum. Pseudonymous trader Cheds tells his 340,100 followers on the social media platform X that Bitcoin needs to soar about 4.50% from current levels to spark new surges. “BTC recapture of $96,000 would really kick things off.

Cipher Mining Inc., a bitcoin mining company listed on Nasdaq, has announced the acquisition of a 250-acre site in West Texas.

CryptoQuant CEO Ki Young Ju explains that the delay in altseason is due to the dominance of institutional investors and spot Bitcoin ETFs, which typically don't rotate their capital into altcoins.

Bitcoin's (CRYPTO: BTC) long-term holders are cashing in like never before, realizing an unprecedented $2.02 billion in daily profits, according to a Glassnode report published on Tuesday. What Happened: This new all-time high (ATH) surpasses the previous record set in March 2024, showcasing the intensity of profit-taking as Bitcoin edges closer to the $100,000 milestone.

MIAX joins Nasdaq and NYSE in listing options on Bitcoin ETFs. Cboe will start in December.

Currently, Bitcoin, along with major cryptocurrencies, is undergoing a significant price correction following notable upside momentum in recent days. Amid this development, OKG Research has made a bold prediction for Bitcoin (BTC), providing full validation for their analysis. Bitcoin to Attract $2.

Bitcoin price bounced back on Wednesday, ending a two-day retreat that pushed it near the $90,000 level. Bitcoin's (BTC) rebound happened after a major court victory by Tornado Cash, a crypto mixer.

The US personal consumption expenditures (PCE) price index data has come out in line with expectations. This US inflation data is significant, considering the impact that it could have on the Bitcoin price and the broader crypto market.

Bitcoins climb to the elusive $100,000 mark may face a steep 30% correction, analysts caution. As market dynamics shift with slowing ETF inflows, experts remain optimistic about the long-term bullish outlook.

The prices of most of the coins are rising, according to CoinStats.

Michael Saylor, renowned Bitcoin supporter, founder and executive chairman of MicroStrategy business software firm, has taken to his X account to publish a new tweet about the recent Bitcoin yields earned by his company thanks to buying and holding BTC long-term.

The bitcoin bull market is not over, Galaxy Research said. Galaxy said the world's largest cryptocurrency is expected to retest the $100K level in the near term.

From its peak of $99,531 on November 23rd, Bitcoin, the world's leading digital asset, is now trading at the $92k to $93k level, prompting many to speculate that its historic price run has ended. However, for CryptoQuant CEO Ki Young Ju, the alpha coin's current price action isn't a cause for concern.

Publicly-listed Chinese firm SOS has unveiled its plans to strength its global crypto investment strategy with a $50 million allocation into Bitcoin (BTC). The company looks to bolster its involvement in the blockchain, crypto and commodities trading with the investment.

Samson Mow, JAN3 boss and a vocal Bitcoin advocate, has doubled down on his earlier forecast of Bitcoin reaching the $1 million price level in the near future. This time, he quoted a famous movie on the topic of financial markets, which describes the event that largely triggered the creation of Bitcoin — “The Big Short.

One of the hottest assets in the market since the presidential election, surprisingly, isn't AI chip darling Nvidia (NVDA). On the contrary, it's bitcoin (BTC-USD) and the wider crypto market as optimism on the space is at record highs ahead of the new Trump administration.

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Analysts on Monday drew parallels between Bitcoin's (CRYPTO: BTC) recent performance and its infamous "Thanksgiving Day Massacre" in 2020, when prices dropped sharply before rebounding to new highs. What Happened: Coinbureau co-founder Nic Puckrin on X highlighted that Bitcoin has fallen from just below $100,000 to $91,500 this week, a less severe 8% decline compared to the 17% drop in 2020 from Nov 25 to Nov 27.

Trezor reported record breaking sales due to a surge in self-custody interest that is fueled by Bitcoin's approach to $100K.

Pantera Capital's Bitcoin Fund has seen a staggering 1,000x growth since its launch in 2013, with the value of Bitcoin surpassing $90,000.

Long-term Bitcoin holders have offloaded over 728,000 BTC in the past 30 days, marking the largest sell-off since April.

Charles Hoskinson, the founder of Cardano and a co-founder of Ethereum, has forecasted that Bitcoin could reach a price between $250,000 and $500,000 within the next 12 to 24 months.

Bitcoin price rallied over 58% since May, when the M2 money supply turned positive year-over-year for the first time since November 2023.

Bitcoin regains some ground following Tuesday's slide. Ether teases a return to $3,500.

The cryptocurrency market today reflects mixed sentiments, with the global market cap dropping 1.96% to $3.2 trillion over the past 24 hours. Trading volume also fell by 6.16%, now standing at $224.95 billion. Despite the dip, market sentiment remains highly optimistic, as the Fear & Greed Index reached 81, signaling extreme greed.

The Bitcoin market continues to see significant support near the $90,000 level during the early hours of Wednesday. Ultimately, this is a market that looks as if traders are trying to work off some of the excess froth that we have seen recently.

Bitcoin has stabilized above $93,000 while ethereum gains momentum and Wall Street rallies on positive policy signals, according to QCP Capital's latest market update. Bitcoin Stabilizes, Ethereum Soars: QCP Tracks Market's Mixed Signals QCP Capital reports that bitcoin (BTC) has found stability above $93,000 as the holiday season approaches.

Remixpoint will complete the Bitcoin acquisition by the end of the year.