Crypto News

Bhutan’s Bitcoin reserves now exceed $1 billion as the nation boosts its holdings through mining

November 12, 2024 1 min read

Bhutan has made headlines by amassing over $1 billion in Bitcoin, thanks to the cryptocurrency’s impressive rise in value this year. According to Arkham Intelligence, the country has been actively mining Bitcoin since 2021 and has ramped up its efforts recently. This surge in holdings aligns Bhutan with other nations, like El Salvador, that are investing in Bitcoin at the state level. Recently, Bhutan transferred around 900 BTC, valued at

MicroStrategy acquires 27,200 more Bitcoin for $2B

November 12, 2024 1 min read

Michael Saylor’s company, MicroStrategy, has made headlines again by purchasing an additional 27,200 bitcoins for nearly $2 billion. This move solidifies MicroStrategy’s position as the largest corporate holder of bitcoin, bringing their total to 279,420 BTC, valued at just under $23 billion as the cryptocurrency reaches record highs above $82,000. The firm has invested a total of $11.9 billion in BTC, which means they are currently enjoying a profit of

Bitcoin Touches Record-High of Over $89K, Up 21% Since Trump Was Elected

November 12, 2024 1 min read

Bitcoin has made headlines by reaching an impressive $89,000 on Monday, following Donald Trump’s recent election win on November 5. This surge represents a remarkable increase of over 21% since the election results were announced. The cryptocurrency has been on a remarkable upward trajectory, adding nearly $20,000 in just a week after dipping to $66,700 on November 6. Interestingly, while Bitcoin thrives, major tech stocks like Apple, NVIDIA, Amazon, Microsoft,

Bitcoin rallies 17% in the last 7 days

November 11, 2024 2 mins read

Donald Trump’s recent victory in the U.S. presidential election ignited a significant surge in the cryptocurrency market, with Bitcoin (BTC) reaching an all-time high and pushing the total market cap of crypto beyond $2.7 trillion. Bitcoin alone now boasts a market cap of $1.16 trillion, making it the ninth-largest financial asset globally. Over the past week, Bitcoin experienced a remarkable 17% increase, marking its second-best weekly performance of the year,

Bankrupt crypto exchange FTX sues ex-Binance CEO CZ for nearly $2 billion

November 11, 2024 1 min read

The bankrupt cryptocurrency exchange FTX has initiated legal proceedings against its competitor Binance and its former CEO, Changpeng “CZ” Zhao. This action stems from allegations that FTX’s former CEO, Sam Bankman-Fried, engaged in a fraudulent buyout of Binance’s shares in FTX back in July 2021. Bankman-Fried’s plan involved using FTX’s own token, FTT, along with Binance’s coins, BSB and BUSD, to fund a purchase valued at approximately $1.76 billion. However,

Over $300M in short positions liquidated as Bitcoin surges above $80K

November 10, 2024 1 min read

Bitcoin (BTC) has made headlines by surpassing the $80,000 threshold for the first time ever, thanks to a surprising surge over the weekend that led to the liquidation of $300 million in bearish trades. This 5% increase has pushed its weekly gains to over 16%, coinciding with significant political and economic events, including Donald Trump’s election as U.S. president and a 25 basis point rate cut by the Federal Reserve—both

Bitcoin trading volume hits over $62 billion after BTC surges over $80K

November 10, 2024 1 min read

Bitcoin has made headlines today by hitting a remarkable all-time high of over $80,000, currently trading at around $79,688. This represents a modest increase of 0.96% over the last 24 hours, with a trading volume nearing $62 billion, bringing its total market capitalization to an impressive $1.52 trillion and a market cap ratio of 3.38%. The recent surge in Bitcoin’s price reflects strong demand, bolstered by positive technical indicators and

SHIB burn rate jumps by 1330%, burning over 34 million tokens

November 9, 2024 1 min read

The Shiba Inu community is buzzing with excitement as the burn rate of SHIB tokens has skyrocketed by an impressive 1330%. In just 24 hours, a staggering 34,912,694 SHIB tokens were burned, which is a promising sign for investors. This reduction in supply could enhance the token’s scarcity, potentially driving up its value. Currently, SHIB is trading at $0.00001947, reflecting a 2.36% increase over the past day. The market capitalization

First Neiro On Ethereum (NEIRO) reaches a new all-time high of over $0.0025

November 9, 2024 1 min read

On Friday, Bitcoin (BTC) maintained its position around $76,000 during Asian trading hours, following a remarkable peak of $77,183. Other prominent crypto like Ethereum (ETH), Solana (SOL), Cardano (ADA), and Chainlink (LINK) also experienced gains, contributing to an overall Market Fear & Greed Index score of 72, indicating a sentiment of greed among investors. In the midst of this bullish trend, a new memecoin called First Neiro On Ethereum (NEIRO)

Nearly $4.6 billion in Bitcoin and Ethereum options expire today

November 8, 2024 1 min read

Today marks a significant moment in the cryptocurrency world, with nearly $4.6 billion worth of Bitcoin (BTC) and Ethereum (ETH) options set to expire. This event comes on the heels of the recent US elections and updates from the Federal Open Market Committee (FOMC), which could lead to increased market volatility. Analysts are predicting a flurry of activity as traders make strategic adjustments as the year comes to a close.

The crypto market adds over $200 billion as Bitcoin reaches record high

November 7, 2024 1 min read

Today, the cryptocurrency market experienced a remarkable surge, adding over $200 billion to its total market cap. This upswing is largely attributed to growing optimism surrounding the U.S. elections, which has lifted the overall valuation of cryptocurrencies to a multi-month high. Investors are hopeful for continued gains, especially if key support levels remain intact. The favorable election results for Donald Trump have sparked a wave of buying interest, creating a

Mt. Gox moves 32,371 Bitcoin worth around $2.19 billion to two wallets

November 6, 2024 1 min read

The once-prominent cryptocurrency exchange Mt. Gox, which has been defunct since a major hack in 2014, has recently transferred a staggering $2.19 billion worth of Bitcoin to two undisclosed wallets. This transfer included over 30,000 Bitcoin sent to one wallet and an additional 2,000 Bitcoin that was first moved to a cold wallet before reaching another destination. This activity follows a previous transfer of 500 Bitcoin valued at over $35