New York City Mayor Eric Adams was mocked for taking his early 2022 paychecks in Bitcoin—but now its price is skyrocketing.

BIT Mining remains a leading player in Litecoin and Dogecoin mining, reporting significant hash rate contributions and profitability driven by LD3 miners. The company highlights its strategy to adapt to market trends and optimize mining hardware for consistent returns in altcoin mining. The post BIT Mining Continues Focus on Litecoin and Dogecoin Mining appeared first on Cryptonews.

New York City Mayor Eric Adams is seizing the moment as Bitcoin's (CRYPTO: BTC) value edges closer to the $100,000 mark, up 129% this year. At a press conference on Tuesday, Adams had a pointed message for his skeptics: "Remember y'all laughed at me when I first got my Bitcoin?

Two leading altcoins, XRP ($XRP) and Cardano ($ADA) are both surging this week despite only moderate advances by market leaders Bitcoin ($BTC) and Ethereum ($ETH). In the last seven days, Ripple's payments focused XRP blew up 78.5% to trade at $2.56.

MicroStategy's Michael Saylor has projected more gains for Bitcoin (BTC) in the coming months. The Bitcoin bull continues to add more assets to his company's balance sheet on the back of rising institutional investments.

Dogecoin appears primed for a possible breakout to $1. Cointelegraph explains why.

The XRP price has been on a roll, with a gain of around 90% in the last seven days, providing a bullish outlook for the crypto. This bullish momentum might just be getting started as XRP is nearing the legendary 4.236 Fibonacci level, suggesting that a rally to $9 is possible.

XRP is up and Forbes' earlier report has stirred up the crypto community. The report labeled some top cryptocurrencies, including XRP, as “zombie tokens.

Pepe (CRYPTO: PEPE) saw a surge in trading activity following its listing announcement on Binance US, with analysts predicting further upward movement. Cryptocurrency Price Market Cap 24-Hour Trend 7-Day Trend 30-Day Trend Pepe (CRYPTO: PEPE) $0.00002031 $8.5 billion +4% +4.7% +152.4% Dogecoin (CRYPTO: DOGE) $0.4033 $59.3 billion +0.14% +1.1% +158.4% Shiba Inu (CRYPTO: SHIB) $0.00002928 $17.3 billion +5.7% +16.3% +76.1% Dogwifhat (CRYPTO: WIF) $3.13 $3.1 billion +1.9% +1% +57% Trader Notes: Crypto trader Davie Satoshi noted the bounce from key support levels as a positive sign, indicating bullish momentum may be on the horizon.

Bitcoin's price remains steady just below the $100,000 milestone, yet major cryptocurrency holders, known as whales, are choosing to play it safe. According to crypto analyst Onat Tutunculer from CryptoQuant, while there is no immediate selling pressure, significant inflows of Bitcoin into exchanges hint at a potential for future market volatility.

While Ripple-linked XRP has clearly led the market rally over the past month, Tron's TRX is also stealing the spotlight. In the past 24 hours, TRX has spiked by over 70% to set a new record high above $0.4313, pushing it closer to the top 10 crypto assets by ranking, CoinGecko data shows.

Ripple's XRP has had a remarkable performance in November and early December 2024, earning investors' attention and deployed capital. However, different indicators suggest that XRPL's native token could soon experience a corrective crash, raising alerts in the trading community.

Bitcoin miner Hut 8 launched an at-the-market and stock repurchase program to finance its corporate strategic BTC reserve.

BItcoin expected to trade sideways as the market remains in altcoin season.

Botanix Labs, a decentralized layer 2 platform purpose-built for Bitcoin-native decentralized finance, has announced that the final testnet of its solution is live.

France's proposal to tax unrealized Bitcoin gains sparks global debate.

XRP traders have been taking profits. Among the beneficiaries is the top trending new cat-themed meme coin Catslap ($SLAP), which is expected to announce its first centralized exchange (CEX) listing tomorrow, Thursday December 5. XRP has fallen back from $2.86 to $2.

Energy storage company with a market cap of $250 million has announced a new bitcoin reserves strategy.

The downsizing reduces Foundry's headcount from 274 to 200, with US employees accounting for 16% of the layoffs.

After a notable upside rally in the past, XRP, the native token of Ripple Labs is poised for price correction as its chart is flashing a sell-off signal. However, this bearish or negative outlook is further getting support from large holders.

DonAlt, a popular pseudonymous cryptocurrency trader with more than 625,000 followers on the X social media platform, has opined that the Ripple-affiliate XRP cryptocurrency is "infinitely better" than meme coins when it comes to actual use cases.

Ripple is in the process of obtaining approval for its stablecoin RLUSD in New York. This implies that the cross-border payment corporation will be permitted to participate in the regulated US crypto market.

After the election, bitcoin's price soared to nearly $100,000, causing MicroStrategy's stock to also rise to over $500 before recently experiencing a significant drop due to short selling concerns, prompting an investigation into potential market opportunities between owning MSTR and BTC, says Glenn Rosenberg.

Virgin Voyages is set to launch a groundbreaking "Annual Pass" program in 2025, offering unlimited cruises for a year, and making a bold move by becoming the first cruise line to accept cryptocurrency payments.

Will whale accumulation spree push DOGE to $10?

Vladimir Putin has spoken about digital assets again, this time saying—amid ongoing sanctions against Russia—that Bitcoin cannot be banned.

KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset.

In our latest Cointelegraph video, we break down the odds of a Bitcoin reserve being created in the US next year and its potential impact on prices.

Bitcoin's MVRV currently stands at +4.2%, indicating that the price is nearing a correction.

On Monday, Foundry, the world's largest Bitcoin mining pool, announced a significant reduction in its workforce, laying off approximately 60% of its staff. This decision, confirmed by a report from Blockspace, affects both US and international staff, reducing the company's headcount from over 250 to around 80-90 employees.

The Aragog testnet as it is known, introduces a set of tools that will form the basis for the mainnet's DeFi offering.

Bitcoin (BTC), the largest cryptocurrency, has an unpredictable tech and economic trajectory. Even if the 21,000,000 BTC supply limit remains intact, we know nothing about the ecosystem of the largest crypto in 20 years, Jameson Lopp admits.

Benchmark cryptocurrency bitcoin (BTC) remains stuck in a sideways trading pattern as the glow of its post-election all-time high continues to dim. Bitcoin nearly shot above the $100,000 price point for the first time ever in the week following Donald Trump's successful election campaign.

XRP performance over the past week and month is nothing short of spectacular, climbing 78.54% and 403.57%, respectively.

As noted by James Check, the lead analyst for Glassnode, business intelligence firm MicroStrategy has a cost basis that is identical to that of your average Bitcoin buyer.

Bitcoin is staring down a hefty sell wall en route to $100,000 as analysts flag that sell orders and inflows to exchanges have been rising.

Bitfinex analysts see bitcoin's path to $100,000 hinging on short-term demand absorbing long-term holder selling.

Russian President Putin criticized holding state reserves in foreign currencies due to confiscation risks.

Key Points:

Russia's Vladimir Putin has made it official—Bitcoin is here to stay, and no one can ban it. Speaking at the Investment Forum in Moscow on December 4, Putin made it clear that he believes crypto is the future.

TL;DR MicroStrategy has achieved a 38.7% increase in its Bitcoin investment during November, accumulating a reserve of 402,100 BTC. The company acquired 149,880 BTC in November and plans to raise $42 billion through its “21/21 Plan” to continue expanding its portfolio. The return on its investment could generate $9.4 billion in net income for shareholders.

Bitcoin has been consolidating below the $100,000 level for twelve consecutive days, marking a pause in its recent historic rally. The aggressive surge since November 5 appears to be cooling off, with market attention gradually shifting toward altcoins.

Virgin Voyages embraces Bitcoin payments, becoming the first cruise line to accept cryptocurrency, signaling a shift toward mainstream crypto adoption.

This is a segment from the Empire newsletter. To read full editions, subscribe.

Metaplanet, a company listed in Tokyo and active in the technology and financial sectors, has recently announced a revolutionary initiative to reward its shareholders with Bitcoin.

Volatility has continued to rock XRP following its fall from a 24-hour high of $2.72 to a low of $2.361. With the price dropping this low, XRP Futures Open Interest (OI) also nosedived by over 12% within the same period, per data from CoinGlass.

Not all celebrations come without shadows, even in the world of cryptocurrency. While XRP's price has surged nearly 400% since early November - climbing to a remarkable seven-year high of $2.9 - criticism has surfaced alongside the gains.

The firm filed a shelf registration statement with SEC for US and Canadian compliance.