The funds' year-to-date net inflows have also reached a record $37 billion, while assets under management hit a new peak of $153 billion.
BTC came $200 away from tapping that level but has failed so far.
Amid revolutionary announcements, technological advancements, and regulatory turbulence, the crypto ecosystem continues to prove that it is both a territory of limitless innovations and a battleground of regulatory and economic disputes. Here is a summary of the most notable news from the past week surrounding Bitcoin, Ethereum, Binance, Solana, and Ripple.
The Sandbox, Sei Network, and Avalanche tokens defy Bitcoin-led market correction, posting sharp rallies as bullish setups point to further upside potential.
Billy Markus, known on social media as Shibetoshi Nakamoto, who created Dogecoin in collaboration with Jackson Palmer in December 2013, continues to issue posts supporting Elon Musk and his ventures.
In a remarkable turn of events, MicroStrategy Inc (NASDAQ:MSTR) saw its shares jump by 5.93% in pre-market trading on Monday, as per Benzinga Pro. This surge comes on the heels of co-founder Michael Saylor‘s announcement that the company is generating $500 million daily as Bitcoin edges closer to the $100,000 mark.
Ethereum (ETH) traded steadily into the weekend, holding its ground after breaking through the $2,800 resistance level earlier this month.
Ethereum has been trading at its highest levels since late July, hovering around $3,470. This marks a significant rebound for the second-largest cryptocurrency, which has managed to hold above the crucial 200-day moving average (MA) at $2,965.
Investors' greed in the market increased, which could delay a Bitcoin market top for several months.
A new theory suggests that Satoshi Nakamoto may have been strategically liquidating Bitcoin holdings from certain wallets since 2019.
The analysts expect MicroStrategy to run through its $42 billion capital raise for bitcoin acquisitions within the next 18 months.
Despite reaching the $100,000 mark on CME Futures, a stubborn sell-off has kept Bitcoin (BTC) from breaking decisively above that level on spot markets. Mike Novogratz, the billionaire investor and CEO of Galaxy Digital, has shared some thoughts on what might be driving this selling pressure.
Rising rapidly, Dogecoin (DOGE) has spurred debates about its ability to recover its all-time high (ATH) of $0.74 and maybe even exceed it. At $0.3862, the live Dogecoin price shows a remarkable 24-hour trading volume of $8.28 billion as of writing. DOGE has jumped by 178.
The price of Ethereum has climbed by 4% today, after the coin broke out of a long-term descending channel. The post Ethereum Breaks Out of 8-Month Descending Channel, Analysts Put $4700 Target for ETH appeared first on Cryptonews.
The potential collaboration could reshape crypto lending, blending Wall Street power with blockchain technology.
Bernstein raised its MicroStrategy price target to $600 from $290. Broker Canaccord also increased its price target for the software company, to $510 from $300.
After stopping just a couple of hundred dollars away from the $100,000 price level on Friday, the $BTC price rejected back down as far as $95,750. Currently Bitcoin has broken upwards through the descending trendline and is heading back for another attempt at $100,000.
Bitcoin whale activity has been on the rise in the last 24 hours, which suggests that upward pressure for the BTC price rally to $100K could be coming today itself. In the past few hours, 6 new whale wallets have withdrawn over 1,110 Bitcoins from crypto exchange Binance.
The broader digital currency ecosystem trends have called for caution among crypto investors as total market liquidation has surpassed the $490 million threshold. According to data from CoinGlass, the total liquidation has impacted over 185 traders as top altcoins Dogecoin (DOGE) and XRP come into focus.
Jon Erlichman, a BNN Bloomberg commentator, recently conducted an informal survey on the streets, asking several people whether they would prefer a ticket to a Taylor Swift concert or a bitcoin.
Amidst the ongoing Bitcoin (BTC) rally, which has seen the cryptocurrency first come within $2,000 of $100,000 and then recover from a weekend slump below $90,000 to climb to $98,805 in the early hours of November 25, Robert Kiyosaki has taken to providing forward-looking price predictions for the coin.
Bitcoin (BTC) could be back on track to hit the $100,000 record high, with technical indicators supporting this push.
Ethereum breaks above $3,300 with strong technical indicators and steady buying pressure, as price action suggests potential for further upward movement toward the $3,600 level.
Bitcoin market participants' view diverge wildly over the significance of the $100,000 BTC price milestone this week.
Popular crypto analyst Altcoin Sherpa says that Ethereum (ETH) is likely approaching a cycle bottom in its Bitcoin pair (ETH/BTC). The pseudonymous trader tells his 230,000 followers on the social media platform X that ETH/BTC will likely bottom once Bitcoin has completed its breakout rally.
Bitcoin price analysis shows $99,000 nearing key resistance. Trump's pro-crypto Treasury nominee sparks optimism and market momentum. Read more insights now! The post Bitcoin Price Analysis: $99,000 Near Key Resistance as Trump's Pro-Crypto Nominee Fuels Optimism appeared first on Cryptonews.
Interest in Ethereum, the second-largest cryptocurrency asset, is gaining momentum once again among retail and institutional investors, as evidenced by a robust increase in its net staking inflows in the past week in tandem with recent improvements in the price of ETH.
Bitcoin's long-term holders are HODL-ing, while short-term holders are making profits. This reflects a consolidation of BTC's price.
Metaplanet expands its influence with the launch of Bitcoin Magazine Japan, targeting a pivotal market for Bitcoin adoption.
James Howells' $716 million Bitcoin fortune in a landfill has sparked legal battles, and his ex-partner now claims she followed his instructions to discard the hard drive.
Hunter Horsley, founder and CEO of Bitwise asset management firm, told CNBC that it is still early for investors and Bitcoin has a lot of room to run. According to the executive, the asset is greatly undervalued based on the recent interests it has received from institutions.
Ethereum's staking sees a record weekly netflow after months of outflow.
These new options are listed and traded exclusively on the Cboe Options Exchange. They offer traders a new way to make moves in the Bitcoin market without directly holding the cryptocurrency.
The crypto market has turned green after the Sunday correction.
Peter Brandt, a skilled commodities trading expert has issued comment on a tweet about the important historic price peak reached by Bitcoin back in 2017.
With $7 billion inflows into the cryptocurrency market in a single day, Bitcoin's quest to reach the $100,000 milestone has accelerated. This inflow suggests increased interest from both institutional and individual investors, which could pave the way for Bitcoin to break through the psychologically important price threshold.
Wall Street firm Cantor Fitzgerald has acquired a 5% stake in Tether for up to $600 million while launching a $2 billion Bitcoin lending program, marking a major fusion of traditional finance with cryptocurrency markets.
Dogecoin displays bullish technical patterns as analysts project a potential surge to $0.82, while maintaining current support at $0.42 amid strong market indicators and increased institutional interest.
Traders have had a torrid start to the week, as over $500 million has been liquidated from the crypto market in the last 24 hours. This has been due to the Bitcoin price, which has continued to fluctuate heavily in recent times.
Bitcoin retreated to $97,000 after reaching $99,800 as record profit-taking of $443 million and market manipulation through spoofing prevented the cryptocurrency from breaking the $100,000 barrier, while overall market structure remains robust with strong institutional participation and growing mainstream adoption signals.
South Korea's Financial Services Commission has decided against implementing national Bitcoin reserves for now, citing the need to observe international developments and ensure proper investor protection, despite cryptocurrency trading volumes exceeding stock market activity in the country.
According to South Korean news platform Newsprime, South Korea's Financial Services Commission (FSC) is grappling with increasing calls for a national Bitcoin reserve as global cryptocurrency adoption accelerates. Chairman Kim Byung-hwan recently addressed these requests, stating that while the idea of a Bitcoin reserve remains “distant,” it is not entirely ruled out.
Bitcoin's latest blistering rally has had the market on tenterhooks waiting for the world's largest cryptocurrency to surpass $100,000 for the first time. But the digital currency failed to clinch the lofty target by a whisker after topping out just below $99,600 at the end of last week.
DOGE, XRP and XLM are the most traded cryptocurrencies on Upbit since Donald Trump's election victory. The latest activity points to a pivot toward metaverse tokens.
Tether mints $3 billion in USDT, boosting crypto market liquidity and potentially signaling bullish momentum.
Bitcoin is edging closer to the symbolic $100,000 mark, with market forecasts suggesting it could surpass that milestone in 2024.
Bitcoin exchange-traded funds (ETFs) saw significant inflows during the week of Nov. 18-22, as investors moved $2.42 billion into spot Bitcoin ETFs.
Dogecoin hit a three-year high of $0.48 on Nov. 23, 2024, fueled by growing speculation around Elon Musk's X platform.