Browsing:BTC

Adam Back Envisions $700,000 Target, Surpassing Gold
5 months ago 1 min read

This well-known crypto analyst suggests Bitcoin could hit $700K

Adam Back, a well-known cryptographer and supporter of Bitcoin, has made a bold prediction that suggests a rise in the price of the crypto to an astounding $700,000. Back’s optimism isn’t just wishful thinking; it’s also influenced by the state of the cryptocurrency market, specifically the impending halving of Bitcoin and the growing scarcity of this virtual currency. Back provided his prediction on the social media platform X, drawing a link between the recent surge in Bitcoin and the upcoming April halving event. These roughly four-year-old halving events have been shown in the past to be major catalysts for increases

The UK House of Commons has called on the Bank of England and Treasury to thoroughly evaluate the viability and potential risks
5 months ago 2 mins read

UK House of Commons Urges Cautious Evaluation of Digital Pound Amid Financial Concerns

The UK House of Commons has called on the Bank of England and Treasury to thoroughly evaluate the viability and potential risks associated with the introduction of a digital pound in response to the changing financial landscape. The request highlights how crucial it is to execute the central bank digital currency (CBDC) project with careful cost control and transparency. Although the digital pound’s early trials have demonstrated its potential advantages, the committee in charge of the project has also pointed out investment hazards. The committee cautions against overestimating the potential of the digital pound and emphasizes the importance of striking

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

KyberSwap Loses $48.8 Million in Security Breach
5 months ago 1 min read

KyberSwap Loses $48.8 Million in Security Breach, Plans to Compensate Users

A major vulnerability on November 22 resulted in a staggering loss of $48.8 million for the decentralized finance (DeFi) platform KyberSwap. The platform responded quickly by outlining plans to compensate individuals who suffered financial losses as a result of the security incident. To address the fallout, KyberSwap is launching a grant program using funds from its treasury to compensate those affected by the breach. The grants will be equal to the USD value of the assets lost in the security incident to reduce the financial burden on affected users. While the exact details and requirements of the compensation program are

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

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.
6 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

70.35% of BTC Supply Unmoved
6 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

About us

Optimisus is a Dubai-based fintech media company. We cover the latest AI, crypto, NFT, metaverse, blockchain, and Fintech news influencing the crypto industry.

Email: media@optimisus.com

Get Instant Notifications

Join over million readers and get the latest posts delivered straight to your inbox.

© copyright 2024 all rights reserved | Optimisus