Story Highlights The Bitcoin price records a 3% bullish reversal and reclaims the $95,000 mark. Technical indicators experience increased price volatility, indicating uncertainty this week. Sustained bullish price action could push the BTC price to $98,000 today. The cryptocurrency market has added 3.91% to its valuation and is currently veiled at $3.
Joe Rogan has become one of the world's most successful podcasters in recent years, with influential figures like tech mogul Elon Musk, boxing legend Mike Tyson, renowned whistleblower Edward Snowden, and President-elect Donald Trump appearing on his “The Joe Rogan Experience” show. But aside from a plethora of topics he enjoys discussing, Rogan has also exhibited significant interest in Bitcoin (CRYPTO: BTC), the world's largest cryptocurrency, and even holds some in his portfolio.
Bitcoin (BTC) struggles to maintain its momentum, prominent financial analyst Peter Schiff has issued a stark warning about the future of the cryptocurrency. According to Schiff, Bitcoin could face further declines once MicroStrategy, the business intelligence firm led by Michael Saylor, completes its ambitious plan to buy up massive amounts of the digital asset.
Bitcoin's (BTC) bullish race to hit $100K post-US Presidential elections got the crypto industry excited but on the other hand, it has also flagged liquidation risk for some pro-BTC firms ahead. Microstrategy (MSTR), which has decided to go heavy on the biggest crypto is expected to face a similar danger.
Vancouver Mayor Ken Sim proposed adding Bitcoin to the city's balance sheet to position the city as a leader in crypto adoption.
Tether announced that it would discontinue support for the Euro-pegged stablecoin EURT and will not be minting any more tokens. The blockchain-enabled platform disclosed that the decision was reached due to changes in the stablecoin regulatory framework in the European market.
Bitcoin surged by 5.4% yesterday, resuming its march towards the $100k mark. The sudden Bitcoin price resurgence is presumably credited to the heated debate behind the successors of top U.S. regulatory agencies.
Amid a significant uptrend in crypto prices, altcoins are beginning to outperform Bitcoin (BTC), marking a notable shift since the historic highs of 2021. This surge coincides with Bitcoin nearing an all-time high of $100,000, fueled by the presidential election victory of Donald Trump, who positions himself as a pro-crypto leader.
MARA Holdings has acquired an additional 703 bitcoin following the successful closing of its $1 billion offering of convertible notes.
Superstate CEO Robert Leshner has stated that Bitcoin hitting $100,000 on Nov. 28 would make him a believer in the simulation theory.
SOS Ltd., a commodity trading firm, saw its stock trade higher after the firm announced its Board of Directors approved a $50 million investment to purchase Bitcoin. The post SOS Ltd. Stock Soars After $50M Bitcoin Purchase Announcement appeared first on Cryptonews.
With Bitcoin becoming the talk of Wall Street as a hedge against economic uncertainty, its adoption is spreading rapidly. Companies and governments worldwide are embracing it as a strategic reserve asset. Now, Vancouver City is stepping into the spotlight, as Mayor Ken Sim has announced a proposal to add Bitcoin to the city's balance sheet.
Bitcoin traded near $96,000 on Wednesday, rebounding from this week's pullback that briefly disrupted its record-breaking run. The flagship cryptocurrency climbed 3% to $95,766.70, while the broader crypto market, tracked by the CoinDesk 20 index, rose 7%, signaling renewed investor optimism.
MicroStrategy, a business intelligence firm known for its significant Bitcoin holdings, has seen a dramatic 33.94% drop in its stock price, raising concerns about the long-term viability of its Bitcoin strategy. Despite holding over 386,700 Bitcoin worth nearly $36 billion the company's stock has suffered considerable losses, prompting debates over its reliance on cryptocurrency for growth.
The total crypto market cap edged 3.3 percent higher in the last 24 hours to hover about $3.5 trillion on Thursday, November 28, during the early Asian session. Bitcoin (BTC) price briefly touched $97.3k after a 4 percent rally in the past 24 hours, before retracing to about $95.6k at the time of this writing.
The cryptocurrency market today continues on an upward trajectory, reflecting strong bullish sentiment. Bitcoin (BTC) price surged past $96,000 in the past 24 hours.
MicroStrategy, a Virginia-based business software company, has become a dominant force in the cryptocurrency market under the leadership of its chairman and co-founder, Michael Saylor. The company recently announced a staggering $5.4 billion purchase of Bitcoin, pushing its total holdings to $38 billion.
Experts have criticized a UK pension scheme for investing in Bitcoin, calling it irresponsible and risky for retirees' futures. The post Critics Slam UK Pension Scheme for Adding Bitcoin to Portfolio appeared first on Cryptonews.
What caused the unprecedented $30 billion wipe out for MSTR?
Alan Joseph, a Lancaster, Massachusetts man, was convicted on Nov. 22 for running an unlicensed business that converted cash into bitcoin to aid criminal activities, the U.S. Department of Justice (DOJ) said on Tuesday.
Pantera is now up more than 130,000% from its first Bitcoin purchase back in July 2013.
Bitcoin is currently trading above the crucial $95k level and is up by more than three percent in the last 24 hours. The largest cryptocurrency is showing signs of a short-term bullish divergence, as it tries to regain a key Fibonacci level. This is happening alongside a new bullish cross on the Bitcoin indicator.
Bitcoin reached an all-time high of $99.9k, but on-chain data from Crypto Quant suggests the bull market may still have room to run. The post On-Chain Data Suggests BTC Could Surpass $100K: CryptoQuant appeared first on Cryptonews.
Marathon Digital's strategic Bitcoin acquisition highlights a growing trend of corporations using cryptocurrency as a hedge against inflation. The post Marathon Digital acquires 6,474 Bitcoin, reveals $160M in cash for future dip purchases appeared first on Crypto Briefing.
Despite a brief correction towards the $91,000 mark on Tuesday, which represented a 7% drop from its all-time high of $99,500, the market's leading crypto, Bitcoin (BTC), has regained the strength it has posted over the past three weeks since Donald Trump's election, on its way to the $100,000 milestone. Coinbase, Robinhood, And MicroStrategy All Post Gains In the 24-hour time frame, Bitcoin recorded gains of nearly 5%, regaining the $96,100 level as a key to reach a new record high in the last days of the month.
Vancouver Mayor Ken Sim has proposed a motion to explore adding Bitcoin as a reserve asset, aiming to diversify the city's financial resources and safeguard purchasing power amid economic uncertainty, with a formal introduction scheduled for December 11. The post Vancouver Proposes Motion to Hold Bitcoin as Reserve Asset appeared first on Cryptonews.
The Bitcoin market has witnessed significant movements in recent weeks as long-term holders (LTH) have sold off a substantial portion of their holdings. Over the past month, reports show that these investors released $60 billion worth of Bitcoin, contributing to the recent price dip to $91,500.
The Qingdao-based company said it plans to employ quantitative trading strategies to manage market volatility and enhance returns.
Bitcoin price is recovering higher above the $94,000 level. BTC is consolidating and aims for a fresh increase above the $97,000 level.
Bitcoin's recent performance has raised alarm bells among traders, as the leading cryptocurrency struggles to hold vital support levels. Despite a strong bullish run in recent months, Bitcoin has encountered increasing selling pressure over the last few days, with analysts warning that if key support at $91,583 fails, Bitcoin could experience a significant decline, with $85,610 emerging as the next crucial target.
Bitcoin nears $97k as Fed rate cut hopes rise; XRP eyes $2 on speculation of SEC Ripple appeal withdrawal under Trump.
On-chain data shows the Bitcoin Fear & Greed Index has cooled down from extreme greed, a sign that may be positive for BTC's price. Bitcoin Fear & Greed Index Is Pointing At ‘Greed' Again The “Fear & Greed Index” refers to an indicator created by Alternative that tells us about the average sentiment among investors in the Bitcoin and wider cryptocurrency markets.
Long-term Bitcoin holders have realized $2.02 billion in daily profits, an unprecedented figure that highlights the intensity of profit-taking activity as the price of Bitcoin neared the $100,000 mark earlier this month.
Bitcoin's recent correction to $92,000 came after failing to breach the psychological resistance at $100,000, a critical level expected to mark a new chapter in the ongoing bull market. While corrections of up to -30% are frequent during bull runs, the sharp decline below $93,000 caused a segment of short-term holders (STHs) to realize losses.
China-based SOS, which operates a US-based Bitcoin mine, plans to buy $50 million worth of Bitcoin.
Vancouver Mayor Ken Sim aims to create a Bitcoin-Friendly Vancouver by proposing Bitcoin adoption as a reserve asset.
Bitcoin exchange-traded funds (ETFs) saw a significant surge in trading volume, reaching a total of $5 billion on November 26, 2024. This surge came amid a drop in Bitcoin's price, which fell to $91K, marking a slight dip of 1.23% in the past few days.
Bitcoin has seen a 9% retracement from its all-time high of $99,800, but its long-term bullish structure remains intact. This correction, though notable, hasn't dampened investor optimism, as many are prepared to buy the dip and drive BTC past the elusive $100,000 mark.
The massive adoption of Bitcoin has spread, and even the city mayor is now aspiring to make a Bitcoin-friendly city in the nation. Vancouver City Mayor Ken Sim, on the city meeting council on Nov.
For Bitcoin, after its recent decline, a recovery may be imminent, despite the gloom around the asset. Following its peak of almost $100,000, Bitcoin underwent a correction, falling to the support level of $90,000.
Bitcoin has experienced a significant rally in 2024, and its price has more than doubled since the beginning of the year to approach the psychological $100,000 mark.
Will BTC front a solid price recovery after US Thanksgiving?
MARA calls Bitcoin's blockspace and hash rate critical tools for protecting US financial sovereignty.
Peter Schiff, an ardent critic of Bitcoin, recently took a swipe at the digital currency again, this time at MicroStrategy's continued purchase of Bitcoin. Schiff criticized MicroStrategy's bold $42 billion plan to buy Bitcoin within three years.
Before its recent price correction, Bitcoin came close to hitting the six-digit milestone, achieving an all-time high of $99,645—a near 170% year-to-date increase. This notable price performance, followed by the recent price dip, has sparked discussions about the state of the market, particularly the profit-taking behaviour observed among investors.
Brazil is taking bold steps toward integrating Bitcoin into its financial framework, with the country's Congress discussing a new law aimed at creating a strategic Bitcoin reserve. The proposed law could see up to 5% of Brazil's international reserves allocated to purchasing Bitcoin, a move that could have wide-reaching effects on Bitcoin's value and adoption worldwide.
Tether has officially ended support for EURT, halting issuance and urging users to redeem holdings by November 2025, transitioning to regulatory-compliant stablecoins like EURQ and USDQ. The post Tether Ends EURT Support to Focus on MiCAR-Compliant Stablecoins appeared first on Cryptonews.