Bitcoin CME futures pushed above the $100,000 market, but BTC's spot price struggles to mirror the move.
Boyaa Interactive, a Chinese gaming giant, has become the largest corporate holder of Bitcoin in Asia, overtaking Japan's Metaplanet. This follows Hong Kong-listed Boyaa Interactive's move to convert $49.
As Bitcoin (BTC) hovers near the $100,000 mark, on-chain data indicates increased demand for the pioneer cryptocurrency, a move likely to act as a catalyst for achieving the six-figure valuation.
Bitcoin's price surge toward $100,000 has triggered record-breaking profit realization and intensified distribution activity among long-term holders, according to Glassnode and its researchers, Ukuria OC and Cryptovizart. Glassnode Insights: Bitcoin's Rally Reveals a Record $2 Billion in Daily Profits As bitcoin (BTC) prices edge closer to six figures, long-term holders are actively redistributing their holdings.
The lack of liquidity and scale will force the Bitcoin ecosystem's DeFi to surpass others. Governments are discussing Bitcoin strategic reserves, according to Hoskinson.
The OI in Bitcoin futures has increased from $39B on November 5 to the current level of $60.9B. Institutional and individual traders alike often use leverage build-up strategies as per analysts.
Bitcoin's dominance in the crypto market has recently decreased, falling below 57%, while Ethereum has experienced a significant increase! Discover the reasons behind this change.
Samson Mow reveals why Bitcoin's $100,000 milestone could spark explosive growth and lead to "hyperbitcoinization.”
Bitcoin ETFs set a record $6.2B inflows in November, signaling growing institutional interest as regulatory optimism boosts market confidence.
Latest data suggested Bitcoin might be at its market bottom, hinting at a rally towards $100k.
Russia just put Bitcoin at the center of its economic chessboard. Earlier today, President Vladimir Putin signed a law that not only recognizes Bitcoin and other cryptocurrencies as legal property but also brings a lot of new regulations to the industry.
The Bitcoin market continues to see a lot of noisy behavior, as the markets are trying to determine if we can get above the $100,000 level, an area that a lot of people are looking to for guidance. The same can be said about the $90,000 level as support.
Frank Speiser, Metafide CEO, joins 'The Exchange' to discuss his Bitcoin outlook and the likelihood of the crypto rally remaining intact.
Bitcoin touched $100,000 on the CME Futures platform, while the token's spot price lagged slightly during Thanksgiving.
The crypto analytics firm Santiment says Bitcoin (BTC) is likely heading higher if one key trend continues. According to Santiment, if the Mean Dollar Invested Age (MDIA) metric keeps declining, the chances are high for Bitcoin to start surging again.
Bittensor and Theta have also recorded double-digit gains in the past 24 hours, hitting levels that bulls could strengthen at to add to the upside momentum. Meanwhile, the global crypto market cap has jumped 2% to $3.37 trillion, benefitting from Bitcoin's spike above $97,000.
CryptoQuant's P&L and Bull-Bear Market Indicator show BTC is still below overvalued territory; hence, the cryptocurrency has more room for growth.
Bitcoin whales have been taking advantage of the flagship cryptocurrency's recent price dip to keep on accumulating BTC after short-term holders moved nearly $4 billion in the cryptocurrency to exchanges. According to CryptoQuant analyst Cauê Oliveira, Bitcoin whales took advantage of the “panic selling” to accumulate, with 16,000 BTC worth nearly $1.
Raoul Pal, a renowned investor, has issued an epic bullish Bitcoin (BTC) statement that might significantly affect investors' approach to the coin. Pal's statement comes as the broader cryptocurrency market watches whether BTC will surpass the $100,000 level.
The market remains bullish despite sellers' pressure, according to CoinStats.
The Bitcoin market rallied a bit on Friday, as traders continue to see the dips as reasons to get involved. At this point in time, the market sees the $90,000 level as a major support level, and the $100,000 level as a major ceiling.
In the last hour, bitcoin's price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency's technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark.
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Despite bitcoin rebounding above $98,000, a strengthening U.S. dollar could pose a headwind for further gains.
The investment firm plans to “systematically increase” its Bitcoin holdings through a ¥9.5 billion stock issuance to raise funds.
The UK Court of Appeal has firmly rejected Craig Steven Wright's (CSW) application to appeal his case asserting he is Satoshi Nakamoto, the creator of Bitcoin. The dismissal of Wright's appeal effectively nullifies his claims, reinforcing the prevailing consensus that he is not the individual behind the pseudonym.
The massive spike in the price of bitcoin will create urgency around investing in crypto and scammers use that sense of urgency to steal, according to the Identity Theft Resource Center.
Metaplanet plans ¥62M fundraising to acquire 652 BTC, bolstering holdings amid yen depreciation concerns.
Russia's Federation Council – the country's upper house of parliament – has approved a landmark cryptocurrency taxation bill. Among its key provisions, the legislation imposes a maximum tax rate of 15% on Bitcoin (BTC) and other digital asset mining operations.
Russia's most senior crypto legislation architect has ruled out the creation of a national Bitcoin reserve. The post Top Russian Lawmaker Rules Out Creating a National Bitcoin Reserve appeared first on Cryptonews.
Ethereum (ETH) could be poised for a new record high as the second-ranked cryptocurrency by market cap mimics Bitcoin's (BTC) past bull run.
Localized geopolitical conflicts are rising with global risks looming.
Pav Hundal, the lead analyst at Swyftx, believes altcoins remain in a cycle of massive gains and pullbacks until Bitcoin reaches the $100,000 level. The analyst also suggested that while several coins, including some memecoins, have been outperforming the top cryptocurrency, altcoins will remain shaky until BTC manages an ‘exuberant move' during the bull run.
Based on the growing global money supply projected to peak at $127 trillion in January 2026, some analysts predict a Bitcoin cycle top above $132,000.
The UK Court of Appeal suggested that Craig Wright's appeal grounds contained “multiple falsehoods,” including reliance upon some “fictitious authorities.”
Mike McGlone, the chief commodity strategist at Bloomberg Intelligence, has taken to his X account to share part of the recent report published by the analytics agency he works for and mention that Bitcoin and a few other assets have been massively outpacing one fundamental asset lately – crude oil.
Bitcoin (BTC), the world's leading cryptocurrency, appears to have initiated a final push for the historic $100,000 level. Data shows that the BTC price has reclaimed $97,476.16, representing a 2.05% increase in the last 24 hours.
SOS Ltd invested $50 million in Bitcoin, reflecting its confidence in the cryptocurrency's long-term value. The announcement caused SOS's stock to surge by nearly 100%, showing strong investor interest.
Bitcoin (BTC) has faced a slight setback in its recent upward trajectory, struggling to rally to the highly anticipated $100,000 price mark. The cryptocurrency has been consolidating below this mark for the past few days, leaving investors speculating about its near-term price movement.
From Historic Gains to Future Growth: What the November Bitcoin Price Breakthrough Means for Investors in December.
Russian President Vladimir Putin has signed a law introducing taxation on income and expenses derived from digital currency mining, purchase and sale. What Happened: Published on the official legal information portal, the legislation recognizes digital currencies as property under the Tax Code and establishes a taxation framework to regulate crypto-related activities, according to Russian news agency Interfax.
Bitcoin (BTC) has been consolidating below the $100,000 psychological resistance since breaking out of a seven-month downtrend in November. Now, traders are cautiously looking at key levels that BTC needs to reclaim before trying a new price rally above $100k.
Japanese investment firm Metaplanet has announced plans to raise 9.5 billion yen (approximately $62 million) through a stock acquisition initiative to expand its Bitcoin holdings.
The cryptocurrency industry has been making bullish moves since early Asian trading hours today. As a result, the global market cap has risen by 1.89% to $3.38 trillion. However, the trading volume has dropped notably by 25.45% to $148.18 billion.
TON Teleport BTC's white paper has introduced the public to an innovative method to connect the Bitcoin and TON ecosystems. TON expects the new introduction to create a seamless bridge for cross-chain transactions.
Bitcoin (BTC) held steady on Friday, easing slightly from its record high of $99,655 as U.S. markets slowed in observance of the Thanksgiving holiday.
A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.