Once a fading software company struggling to stay relevant, MicroStrategy (MSTR) has outstandingly become the ultimate Bitcoin buying powerhouse, hoarding nearly 2% of the world's entire BTC supply. What's driving this wild transformation?
Bitcoin has faced a few volatile days after its recent attempt to break above the highly anticipated $100,000 level. Despite the initial excitement, BTC retraced slightly and is now in a consolidation phase following its surge to a new all-time high of $99,800.
With a price jump of 34% last week, the BTC price is trading at a 3% low from its all-time high level of $99,655. The market cap remains at $1.915 trillion while maintaining the market dominance of 56.43%.
The recent victory of Donald Trump in the 2024 U.S. presidential election marks the dawn of a new era for Bitcoin and the cryptocurrency market at large. While the United States has never been the largest market in terms of trading volume, its influence over Bitcoin's price, regulation, and overall trajectory has always been significant.
Investors are shifting gears, pouring record funds into spot Ether ETFs and showing increased confidence in Ethereum's potential. On November 29, spot Ether ETFs brought in a jaw-dropping $332.92 million in daily inflows, blowing past Bitcoin ETFs for the first time. It wasn't even close.
Bitcoin (BTC) appears to be rebounding from its recent pullback after reaching a new all-time high (ATH) of $99,645 on November 22. Despite liquidations exceeding $500 million during the downturn, the event did not trigger the cascading sell-offs seen in previous market cycles.
Bitstamp, one of the longest-established cryptocurrency exchanges, has expanded its offerings for US traders by listing Solana (SOL) and Pepe (PEPE). US users can now trade Solana and Pepe against the US dollar and the Euro through four spot trading pairs: SOL/USD, SOL/EUR, PEPE/USD, and PEPE/EUR on Bitstamp.
Robert Kiyosaki warns people not to get left behind and FOMO is good under current market conditions. Kiyosaki affirms Bitcoin will soon break $100K and it will be impossible for poor and middle class people to catch up.
Bitcoin has factored in a modest price increase over the past day, after its recent bearish descent. The cryptocurrency's daily trading volume showed a 10.24% surge as per CMC data.
Bitcoin mining companies channeled a significant portion of their fund raises into machine and infrastructure upgrades. Miners Raise Big and Invest Big in Bitcoin Mining 16 publicly traded bitcoin mining companies have raised more than $5 billion in 2024, according to theminermag.com.
Amid the increasing bullishness in the crypto market, Bitcoin, Ethereum, and XRP price trends are on an explosive path. Bitcoin inches closer to $100k, XRP is at its 52-week, and Ethereum presents a new breakout run.
Metaplanet, a Japanese investment firm, is taking significant steps to bolster its cryptocurrency holdings. In a recent declare on November 28, the company revealed its intention to raise over $62 million (approximately 9.5 billion Japanese yen) by issuing new stock acquisition rights.
Spot Ether exchange-traded funds (ETFs) in the United States saw a record $332.9 million in daily inflows on Friday. The post U.S. Spot Ether ETFs Hit Record Daily Inflow of $332M appeared first on Cryptonews.
Crypto market data suggests a bullish momentum for Ether, with Bybit analysts anticipating a breakout above $4,000 before January 20, 2025. This projection is based on a significant increase in institutional interest and trading volumes.
Cryptocurrency trader Ali Martinez is leaning bullish on Bitcoin (BTC) while offering his forecast for Ethereum (ETH) and Dogecoin (DOGE).
The cryptocurrency market is currently grappling with a delay in the expected altcoin season.
Robert Kiyosaki, investor and VC capitalist, also widely known as the author of the best-selling book on financial literacy “Rich Dad Poor Dad”, expects Bitcoin to finally break above the $100,000 resistance soon and shares his take on what aftermath it will have for average investors.
The crypto markets are about to enter the final phase of the year, where the volatility is expected to spike heavily. As a result, the majority of the cryptos, specifically altcoins, are trying to rise above their pivotal resistance, which may further assist them in marking new highs during the upcoming bull run.
Despite Bitcoin maintaining investor confidence by holding above critical psychological levels like $90,000, the asset faces notable shift in market sentiment. A CryptoQuant analyst, G a a h, recently shared insights indicating heightened selling pressure within the market, which could signal caution for traders.
The latest insight from experts has revealed that Bitcoin is poised to benefit from a massive liquidity injection projected for 2025, potentially drawing $2 trillion in new investments into BTC.
Charles Hoskinson, the creator of Cardano, anticipates a major transformation of the crypto landscape in the coming years, predicting that Bitcoin-based decentralized finance will surpass all competing DeFi ecosystems.
Bitstack is a mobile app that allows you to round up your daily expenses and automatically save them in Bitcoin.
Spot Ether ETFs in the United States have hit a record high in daily inflows, surpassing spot Bitcoin ETFs inflows on the same day by around $2.9 million.
The spot Ethereum ETFs witnessed one of the largest daily inflows while overtaking the spot Bitcoin ETFs on Friday. This is the first time that Ether ETFs have achieved this milestone, since launch, showing a shift in investor sentiment.
The crypto market today has witnessed notable movements, with the market capitalization and the dynamics of trade volumes. Successively, the market cap of the industry has climbed by 3.85% to peak at $3.41 trillion, while the intraday trade volumes got shot down by 16.67% to $156.15 billion.
Switzerland's Bern canton parliament recently approved a report on Bitcoin mining. With 85 votes in favor and 46 against, the motion has drives both excitement and controversy.
Could Cardano's DeFi model change Bitcoin forever?
Bitcoin is bouncing back strong, recovering from this week's healthy correction and inching closer to the $100K milestone.
Bitcoin, the world's largest cryptocurrency, has hit a stumbling block just shy of the highly anticipated $100,000 mark. After peaking at $99,000, Bitcoin's price has retreated slightly, leaving analysts and traders debating whether this is a momentary pause or a sign that the bull rally might be losing steam.
Bitcoin crossing $100,000? It sounds wild, but that's exactly what Robert Kiyosaki, author of Rich Dad Poor Dad, is saying. He believes Bitcoin's price is about to shoot up, and once it does, it could be too expensive for the average person to get in on.
Cryptocurrency Prices Today, November 30: The broader market witnessed mixed price action, sparking investor speculation globally. Bitcoin (BTC), Ethereum (ETH), and Solana (SOL) continued trading within tight ranges.
Bitcoin, the world's leading cryptocurrency by market capitalization, is making headlines with its recent 33% rally, bringing it closer to the $100,000 mark. However, Charles Hoskinson, the visionary founder of Cardano, has an even bolder projection: Bitcoin surpassing $250,000 within the next two years.
Bitcoin's risk indicators, critical metrics that help to determine the next direction of BTC's price have risen significantly alongside the crypto asset's ascent towards various pivotal levels, indicating a potential sell signal.
Bitcoin and Ethereum, which crypto is winning the race in 2024?
Jim Cramer advocates for bitcoin and ethereum as key portfolio assets, citing their appeal amid rising U.S. debt and their potential to navigate fiscal challenges.
Bitcoin's journey toward the coveted $100,000 mark continues to capture market attention, drives debates about whether it will achieve a breakout or succumb to a pullback. With BTC trading near $97,000 at the time of writing, the cryptocurrency is at a critical juncture, balancing between bullish optimism and cautious uncertainty.
Ripple's RLUSD stablecoin gains traction with potential NYDFS approval, boosting XRP demand and challenging SWIFT's dominance in remittances.
Ethereum (ETH) stands at the forefront, capturing attention with its upward price trajectory. With bullish momentum brewing and institutional interest rising, Ethereum appears poised to break significant resistance levels.
Robert Kiyosaki, author of Rich Dad Poor Dad, has sparked discussion about Bitcoin's potential to reach new heights. In a recent post, he stated that FOMO (Fear of Missing Out) could benefit investors as Bitcoin price approaches the $100,000 mark.
A widely followed crypto analyst thinks one Solana (SOL) challenger is gearing up for more rounds of upside bursts. Pseudonymous analyst Altcoin Sherpa tells his 232,200 followers on the social media platform X that Sei (SEI) looks bullish after breaking out of a rounding bottom pattern on the weekly chart.
A recent dip in Bitcoin's price to the low $90,000s, a prominent crypto analyst is confident that the cryptocurrency has yet to enter its most explosive phase. Known for accurately predicting past Bitcoin trends, pseudonymous trader Dave the Wave tells his 147,300 followers on X (formerly Twitter) that the world's leading digital currency is still on track to soar into the six-figure territory in the near future.
The price of XRP has risen by 20% to $1.166, continuing its remarkable rally. Based on Elliott Wave Theory, the current move is consistent with the bullish pattern's pivotal third wave, which is frequently thought of as the strongest and most significant stage of an upward trend.
Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart.
The Ethereum Foundation (EF) has announced a substantial financial commitment, investing “tens of millions” of dollars into advancing zero-knowledge Virtual Machines (zkVMs), a cutting-edge technology poised to enhance scalability and security within the Ethereum ecosystem.
Boyaa now holds more than 3k BTC after converting Ethereum into Bitcoin
Solana (SOL), the popular high-speed blockchain platform, has recently encountered significant selling pressure, which has caused its price to struggle below key resistance levels. As the altcoin fights to maintain upward momentum, the bears seem to be gaining control, with a crucial $225 support level now in jeopardy.
Cryptocurrency markets are closing Friday strong, with Bitcoin's performance paving the way for altcoin gains. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,590 +2.8% Ethereum (CRYPTO: ETH) $3,600 +1.0% Solana (CRYPTO: SOL) $242.66 +2.8% Dogecoin (CRYPTO: DOGE) $0.4355 +9.6% Shiba Inu (CRYPTO: SHIB) $0.00002621 +4.0% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 22.6% and daily active addresses falling by 8%.