Browsing:Bitcoin

Bitcoin Tops $41,000, Signaling Market Resurgence
5 months ago 1 min read

Bitcoin Surges Past $41,000, Asserting Dominance in Crypto Markets

Bitcoin has seen an incredible surge, breaking through the $41,000 barrier for the first time in 18 months. The impact has reverberated throughout the derivatives market, resulting in around $190 million in liquidated positions, the majority of which were short positions as traders betting against Bitcoin suffered losses. Bitcoin’s recent price increase has contributed to a significant increase in its market dominance, which now stands at 50.5%. This resurgence highlights Bitcoin’s superior performance in comparison to other cryptocurrencies. Notably, alternative coins (altcoins) like Ethereum, Solana, Cardano, and XRP have followed suit, with positive price trends in the last 24 hours

Bitcoin Rockets to New Heights Surpassing $40000
5 months ago 1 min read

Bitcoin Rockets Pass $40,000 Amid ETF Anticipation and Global Factors

Bitcoin has risen to an unprecedented high, surpassing $40,000 for the first time since April 2022. This strong rise is being fueled by a confluence of factors, most notably growing optimism about potential Bitcoin exchange-traded funds (ETFs). The cryptocurrency‘s value increased by over 5.5%, briefly approaching $43,000 before settling around $41,600. This surge occurs against the backdrop of increased excitement surrounding the potential approval of a Bitcoin ETF, a development that has catalyzed the largest inflow of funds into crypto funds in the last two years. The primary driver of this surge is the growing excitement over the potential approval

MicroStrategy Chairman Michael Saylor Notches Over $1.5 Billion Profit on Bitcoin Investments
5 months ago 1 min read

Michael Saylor, the Chairman of MicroStrategy gains over $1.5 billion from his BTC investments

Michael Saylor, the Chairman of MicroStrategy and a prominent Bitcoin investor, has reaped substantial profits surpassing $1.5 billion from his strategic Bitcoin investments. Saylor’s foray into Bitcoin began in September 2020, and his investment journey has proven lucrative, especially amid the recent surge in Bitcoin’s price. The recent rise in the price of Bitcoin to $39,411 has increased the value of his investment to nearly $7 billion. Saylor recently increased his Bitcoin holdings by purchasing 16,130 Bitcoin for $593.3 million, averaging $36,785 per Bitcoin. Profits from this additional investment totaled approximately $42.98 million. Saylor made another Bitcoin purchase in November

Around $36.88 million in short positions were liquidated in a 24-hour period, with Binance exchange experiencing the highest liquidation amount at $15.62 million.
5 months ago 1 min read

Bitcoin Soars Over $38,000, Triggers $36.88M in Liquidations

Bitcoin began December on a high note, surging past $38,000 and nearly reaching $38,400, indicating a significant impact on the cryptocurrency market. Around $36.88 million in short positions were liquidated in a 24-hour period, with Binance exchange experiencing the highest liquidation amount at $15.62 million. The current market scenario also indicates the possibility of an additional $500 million in liquidations if Bitcoin’s price fluctuates between $38,300 and $39,000. This suggests that there is a significant amount of leverage at work in the market. Furthermore, the increase in Bitcoin’s price has resulted in a 4% increase in open interest for Bitcoin

Michael Saylor
5 months ago 1 min read

The chairman of MicroStrategy announces the acquisition of an additional 16,130 BTC for a total of $593.3 million

Michael Saylor, the chairman of MicroStrategy, has announced the acquisition of an additional 16,130 BTC for a total of $593.3 million in the cryptocurrency market. This transaction was completed at an average price of $36,785 per Bitcoin. MicroStrategy’s Bitcoin holdings had increased to 174,530 BTC as of November 29, with a total investment of more than $5.28 billion. Their portfolio’s average cost per Bitcoin is $30,252. This recent acquisition demonstrates MicroStrategy’s unwavering belief in Bitcoin and solidifies its position among prominent corporate Bitcoin holders. This latest development follows MicroStrategy’s recent purchase of 155 Bitcoin for $5.3 million, emphasizing the company’s

Swiss Firm Pando Asset Joins Race for U.S. Bitcoin ETF
5 months ago 1 min read

Swiss firm Pando Asset Files for Bitcoin ETF, Analyst Worry about the Impact

Pando Asset, a Swiss asset manager, has entered the race for a Bitcoin exchange-traded fund (ETF) in the United States, indicating the continued surge in interest in such offerings. On November 29, the company submitted its bid, aiming to establish a fund that mirrors Bitcoin price movements, with Coinbase managing the Bitcoin holdings. Pando Asset is now the 13th contender seeking approval from the US Securities and Exchange Commission (SEC) for a Bitcoin ETF, joining major players such as BlackRock, ARK Invest, and Grayscale. On the same day, investment firm BlackRock was in discussions with the SEC about its own

AntPool to Return $3 Million Bitcoin Transaction Fee
5 months ago 1 min read

AntPool to Return $3 Million Bitcoin Transaction Fee

Bitcoin mining cooperative AntPool has decided to refund last week’s record-breaking $3 million transaction fee, subject to user verification. A user unintentionally paid an exorbitant fee, setting a new USD record for a single Bitcoin transaction. On November 23rd, a user submitted 83 BTC as a gas fee, prompting AntPool’s risk control system to freeze the fee during transaction packaging temporarily. To receive the refund, the original owner of the funds must use a signing tool such as Electrum or Bitcoin Core to verify their identity and send the signed text to AntPool’s support email address before December 10, 2023.

Can Bitcoin (BTC) reach $40,000 before December?
5 months ago 1 min read

Can Bitcoin (BTC) reach $40,000 before December?

Despite significant volatility throughout the year, Bitcoin has recovered a significant portion of its losses from the 2022 market crash. Bitcoin’s price is currently over $38,200, representing a 130% increase from its value on January 1, 2023. While this recovery is noteworthy, crypto has recently experienced fluctuations. Some market analysts believe Bitcoin’s current rise is only the beginning and that it will soon reach new highs. The impending halving and the potential approval of a spot Bitcoin ETF in the United States are cited as potential catalysts for the next bull run. Analysts have noticed an interesting trend in Bitcoin

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year.
5 months ago 1 min read

Bitcoin Breaks Year-Long Barrier, Surpassing $38,000: A Glimpse into Market Momentum

Bitcoin just displayed its biceps, breaking beyond the $38,300 barrier for the first time in more than a year. This bullish surge, which occurred on Friday, November 25, put a bright spin on a week that saw Changpeng “CZ” Zhao leave Binance, the world’s largest crypto exchange. According to Santiment, a blockchain analytics platform, this leap above $38,000 may not be a passing fad, but rather a glimpse into a more hopeful trajectory if Bitcoin can maintain its current speed. Santiment’s post on X delves into the dynamics behind Bitcoin’s recent price push. While the crypto has experienced a correction

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval
5 months ago 1 min read

Glassnode Predicts $70 Billion Inflow into Bitcoin Post Spot ETF Approval

Blockchain analytics firm Glassnode has conducted an analysis, estimating a substantial influx of around $70 billion in investor demand following the recent approval of a Bitcoin Spot ETF. The research delves into the potential impacts on Bitcoin’s price and the broader crypto market. Glassnode’s insights are grounded in the expectation that institutional investors, seeking new avenues, will channel significant portions of capital from traditional markets such as stocks, bonds, and gold into Bitcoin. The analytics company foresees this shift driving substantial demand and potentially triggering a BTC price rally. The analysis by Glassnode suggests that around $60.6 billion could flow

Bitcoin Surges to $38,000
5 months ago 1 min read

Bitcoin Soars Beyond $38,000, Reflecting Growing Investor Confidence

Bitcoin (BTC) has reached a milestone, hitting $38,000, marking its highest level since May 2022. Over the past week, the leading crypto has witnessed a 7% surge, and its 30-day gains stand at an impressive 10%. Investor interest in the crypto markets is on the rise, notably among major digital asset funds. This renewed enthusiasm is fueled by expectations surrounding the potential approval of a Bitcoin Exchange-Traded Fund (ETF) in the United States. The prospect of a regulated Bitcoin ETF could attract traditional investors to the crypto space. Last week, crypto products experienced a substantial influx of funds, with $176

70.35% of BTC Supply Unmoved
5 months ago 1 min read

Over 70% of Bitcoin (BTC) Supply Remains Unmoved, Signaling Investor Confidence

Glassnode, a prominent blockchain analytics firm, recently revealed that a record-breaking 70.35% of Bitcoin’s circulating supply has been inactive for over a year. This is higher than the previous high of 69.35% set in July, indicating a steadfast commitment on the part of Bitcoin hodlers. This extended period of inactivity suggests that some Bitcoin holders are unconcerned about market challenges and global economic uncertainty. Despite the cryptocurrency’s price doubling this year to $37,000, long-term investors appear determined to ride out the storm. The data not only shows the prevalence of one-year inactive holdings but also shows similar trends in Bitcoin

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