MARA Holdings has acquired an additional 703 bitcoin following the successful closing of its $1 billion offering of convertible notes.

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.

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.

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.

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.

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.

Vancouver Mayor Ken Sim has unveiled a groundbreaking proposal to add Bitcoin (BTC) to the city's financial reserves, citing its potential to protect purchasing power and diversify resources. The motion, which will be discussed by the council on Dec. 11, aims to position the city as a leader in digital asset adoption.

The founder of Cardano, Charles Hoskinson, has recently made a very bullish prediction for Bitcoin, stating that the asset may climb to between $250,000 and $500,000 within one or two years. In a live stream recently, Hoskinson highlighted that Bitcoin is a “strategic reserve asset” much like gold.

The longtime BTC critic has questioned MicroStrategy's strategy, claiming that it's a recipe for disaster.

Altcoin activity surges as the Altcoin Season Index hits 59, signaling growing momentum in the market.

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.

Chris Giancarlo, the former Chairman of the Commodity Future Trading Commission (CFTC) has broken silence on the strategic Bitcoin reserve proposal and other policies to expect from the Donald Trump administration. Speaking in an interview with Fox Business Charles Gasparino, the former regulator noted that achieving the Bitcoin reserve plans will come with surmountable challenges.

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%.