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.

XRP price is consolidating near the $1.450 zone. The price is showing positive signs and might soon aim for a fresh move above the $1.50 level.

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.

Ripple's XRP is up by more than six percent in the last 24 hours and is trading slightly below the $1.50 level. The altcoin is up by more than 36 percent in the last seven days and is now eyeing the $2 levels.

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.

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.

Ripple boosts Fairshake with another $25M, amplifying its push for crypto-friendly policies and challenging regulatory overreach to solidify its leadership in innovation advocacy. Ripple Doubles Down on Fairshake With Third $25M Contribution Ripple has reaffirmed its dedication to fostering innovation-friendly policies by contributing $25 million to Fairshake, a bipartisan Super PAC supporting pro-crypto candidates.

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.

After a notable upside rally, XRP, the native token of Ripple, appears to be consolidating near a crucial level. Meanwhile, this ongoing consolidation has been attracting significant attention from whales and traders, as reported by on-chain analytics firms CryptoQuant and the whale transaction tracker Whale Alert.

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.

XRP has been one of the most prominent beneficiaries of the recent market surge, rising significantly from $0.5031 on November 5 to a three-year high of $1.6334 on November 23. This represents a 224% increase in just a few weeks.

Ripple's investment in the Bitwise Physical XRP exchange-traded product (ETP) underscores XRP's rising prominence, driven by surging institutional demand.

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?

The crypto market has seen its fair share of unpredictable surges, from Bitcoin's meteoric rise to the XRP price rally. A new narrative is emerging around real-world asset (RWA) tokenization, with a top analyst spotlighting an RWA altcoin, PCHAIN, priced at $0.004 that could replicate the XRP price rally to $1 by January 2025.

Pro-XRP lawyer John Deaton has voiced his support for Paul Atkins as a candidate to replace outgoing U.S. Securities and Exchange Commission (SEC) Chair Gary Gensler. John Deaton, a prominent advocate for cryptocurrency regulation reform, has criticized the SEC's leadership under Gensler, alleging overreach and misconduct, particularly in its enforcement of crypto regulations.

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.

XRP, the native cryptocurrency of Ripple, is facing a period of consolidation after a significant rally in recent weeks. Although many cryptocurrencies have experienced notable price corrections recently, XRP seems to be holding steady above the crucial support level of $1.35.

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.