Bitcoins bull market shows resilience with no signs of overvaluation, according to analysts eyeing a potential $146,000 peak. Institutional demand drives the trend, while retail activity remains subdued.
Bitcoin rose 5.05% to $96,286 at 2130 GMT on Wednesday, adding $4,633 to its previous close.
In this chapter from The Satoshi Papers, Avik Roy explores the looming fiscal crisis and presents three potential responses from the United States: restriction, paralysis, or assimilation. Could Bitcoin emerge as a solution—or spark further conflict?
Bitcoin, Ethereum, and even Dogecoin are experiencing a surge in prices ahead of Thanksgiving after dipping at the start of the week.
According to Bitcoin-only financial services firm River, 62 publicly traded companies use a Bitcoin treasury strategy as of November 2024.
Bitcoin (BTC) has captivated the crypto market with its remarkable price movements this year, nearing the psychological milestone of $100,000. According to recent options data, the probability of Bitcoin surpassing six figures by the end of 2024 stands at an impressive 45%, up from 34% just a week ago.
Vancouver Mayor Ken Sim has ignited debate with a bold motion to explore Bitcoin as a reserve asset. Set for a December 11 vote, the proposal seeks to safeguard the citys purchasing power and align with global cryptocurrency trends.
SOS Limited, a Chinese data mining and technology company, announced on Nov. 27 that its board has approved a $50 million investment in Bitcoin (BTC) to diversify its assets and capitalize on the flagship crypto's growing strategic significance.
U.S. Bitcoin miner Mara spent roughly $67 million on its latest Bitcoin buy following a 0% $1 billion convertible note sale.
Cryptocurrency markets are trading higher on Wednesday, with Bitcoin surging back above the $96,000 mark. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $96,719.50 +5.3% Ethereum (CRYPTO: ETH) $3,599.43 +8.8% Solana (CRYPTO: SOL) $239.41 +4.5% Dogecoin (CRYPTO: DOGE) $0.4042 +6.6% Shiba Inu (CRYPTO: SHIB) $0.00002545 +5.7% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 7.4% and daily active addresses falling by 15%.
A closely followed crypto analyst says that a price correction for Bitcoin in the coming weeks could be beneficial for BTC‘s bull market.
Bitcoin [BTC] has been showing impressive strength, surging 39.51% over the past month, lifting its market capitalization to an astounding $1.85 trillion. However, despite the ongoing bullish sentiment, recent market movements have raised questions about whether a correction is looming.
Despite recent price corrections, Bitcoin's valuation metrics still indicate a bull cycle ahead.
Crypto industry CEO Charles Hoskison has dropped his ultra-bullish forecast for the Bitcoin price to climb to $500,000 in two years, citing nation-states weighing strategic BTC reserves and the incorporation of decentralized finance functionalities into the OG crypto network.
Long-term Bitcoin (BTC) holders have started taking profits since the cryptocurrency price attempted to reach $100,000. As a result, Bitcoin's price has retraced to $93,000, affecting the value of the broader crypto market capitalization.
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Historically, Bitcoin has achieved all-time highs (ATH) on November 28 in both 2013 and 2017. With November 28, 2024, imminent, investors are speculating whether Bitcoin could reach the $100,000 mark on this significant date.
Economist and trader Alex Krüger on Wednesday shared his prediction of potential stages for the remainder of the bull market, anticipating Bitcoin (CRYPTO: BTC) to lead the way for a broader market rally. What Happened: In a post on X, shared seven potential stages, based on patterns observed in 2021 and 2024.
Despite the “Inverse Cramer” tag hanging over his head, the Mad Money host is doubling down on his crypto cheerleading.
Vancouver Mayor Ken Sim has announced plans to explore Bitcoin as part of the city's financial strategy, marking a shift toward cryptocurrency adoption. A motion titled “Preserving the city's purchasing power through diversification of financial resources: Becoming a Bitcoin-friendly city” is set to be presented to Vancouver City Council on December 11, 2024.
Despite recent price fluctuations in the past few days, there is still robust optimism and confidence in Bitcoin‘s potential for a significant rally in the short term. Multiple seasoned crypto analysts have cited the psychological $100,000 as the next key level to watch once BTC regains its upside momentum.
Jurrien Timmer, director of global macro at Boston-based mutual fund behemoth Fidelity, believes that Bitcoin exchange-traded funds (ETFs) appear to be one of the main catalysts behind the recent rally that nearly brought the largest cryptocurrency to the much-coveted $100,000 price mark.
Transform Ventures CEO Michael Terpin joins CoinDesk to discuss bitcoin's recent price movement as the largest crypto by market cap struggles to push through the $100,000 threshold. Plus, his BTC price prediction and insights into the best time to enter the market.
YouTube rival Rumble says it will allocate up to $20 million of its excess cash reserves toward Bitcoin (BTC). The online video platform announced in a press release this week that its board of directors voted to approve the new “corporate treasury diversification strategy.
Bitcoin volatility is back as BTC dropped from nearly $100,000 to almost $90,000. Data from Glassnode shows that short-term holders have sent almost $8 billion or 83,000 BTC to exchanges at a loss over the past two days.
Bitcoin pullbacks attract buyers as $0 risk diminishes, with dips seen as entry points amid a maturing market, says Bitwise CIO. The post Bitwise CIO says Bitcoin's $0 risk is gone, pullbacks now attract buyers appeared first on Crypto Briefing.
Bitcoin's strong recovery shows aggressive buying on every minor dip, but the bulls may struggle to overcome the $100,000 resistance.
Data from analytics firm CoinGecko shows that Layer-1 native tokens grew by 7,000% in 2024. While major projects like Bitcoin and Ethereum recorded significant gains, other tokens saw notable growth in niche markets.
Bitcoin (BTC-USD) returns to its rally mode as it seeks to make back this week's losses and climb nearer to $100,000. Crypto proxy stocks like MicroStrategy (MSTR) and Coinbase Global (COIN) are also on the rise.
Michael Saylor's MicroStrategy reportedly fell 35 percent from its November 21 peak - effectively wiping $30 billion worth of market capitalization following a recent Bitcoin dip, global capital markets commentary platform The Kobeissi Letter said in a November 26 X post. However, the Virginia-based software firm's strategy was up nearly 8 percent on Wednesday. The post MicroStrategy Lost $30 Billion in Bitcoin Market Dip appeared first on Cryptonews.
According to a recent research report published by OKG Research on Tuesday, crypto markets felt the reverse of the Trump trades, which began during the presidential election period.
Bitcoin's record-breaking rise to $99,800, followed by a slight correction, has analysts at Cryptoquant signaling that the bull market is far from over, with onchain metrics suggesting potential for further gains beyond $100,000.
Joana Cotar, a member of the German Bundestag and a longtime advocate of Bitcoin (BTC) adoption, is pushing back against the government's recent decision to sell its BTC holdings. Having witnessed the sale of approximately 50,000 confiscated Bitcoin earlier this year, Cotar is now championing the idea of establishing a strategic Bitcoin reserve for Germany.
Is it really a surprise when the hallmark for cryptocurrencies around the world is at the doorstep of reaching yet another milestone?
Pantera CEO Dan Morehead wrote that Bitcoin could skyrocket as institutional investors, regulators, and lawmakers warm up to digital assets.
Babylon Labs has partnered with Castle Island Ventures-backed SatLayer to bring the benefits of Bitcoin staking and restaking to more users.
Chinese data mining firm SOS Limited's board of directors has approved a $50 million investment in Bitcoin. The decision was shared on November 27 through the company's official press release.
Analysts expect BTC to correct before resuming its rally.
Bitcoin has recently experienced a significant price correction, dropping 5.6% from its all-time high of $99,645, with the current price hovering around $93,602. While this dip is notable, the bigger question remains: why hasn't Bitcoin yet breached the psychologically significant $100,000 price point?
The shift of whale investments into innovative blockchain projects like Lightchain Protocol AI suggests a trend towards diversification and early-stage growth potential in the crypto market. The post From Bitcoin gains to LCAI opportunities: why on-chain activity points to Lightchain Protocol AI as the next big move appeared first on Crypto Briefing.
Glassnode also says BTC's rally faces a setback from low activity below $88K, hinting at a possible correction before it climbs above $100K.
President-elect Donald Trump is considering a proposal to establish a national Bitcoin reserve, a move that could intertwine cryptocurrency with U.S. fiscal strategy. What Happened: Cryptocurrency executives are rallying behind the idea, advocating for the U.S. government to acquire billions of dollars' worth of Bitcoin as a long-term asset, according to a report by The Washington Post on Wednesday.
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Chinas SOS Limited has revealed plans to invest $50 million in Bitcoin, citing the cryptocurrencys long-term potential. The announcement propelled SOSs NYSE shares up 79%, reflecting a wave of institutional confidence and favorable crypto policies under Trump.
A prominent figure in the cryptocurrency space made a bold prediction that Bitcoin could hit a total market capitalization of $15 trillion in the next four years. Pantera Capital CEO Dan Morehead said that global blockchain adoption still lags compared to other global financial assets, saying that blockchain's untapped potential could drive Bitcoin to an exponential growth in its market capitalization.
Input Output advances solo Bitcoin bridge development as BitcoinOS token launch creates tension in the Cardano ecosystem.
GOAT Network said that Dogecoin holders can lock up their meme coins to help secure the yet-to-be-launched Bitcoin layer-2.
Bitcoin (BTC) continues to show strong long-term potential, with analysts predicting a likely return to higher price ranges in the future.
