Samara AG to invest €30 million in Bitcoin through a Nordic bond. The investment aims to grow Bitcoin reserves and acquire fund stakes.
Bitcoin bulls waste no time continuing a rebound, which has now delivered BTC price gains of over 3% for October.
CoinShares reports $407 million in crypto inflows, driven by Trump's rising election odds.
As the 2024 U.S. presidential election approaches, an intriguing pattern is emerging, showing a correlation between Bitcoin's (BTC) price and the rising odds of a potential Donald Trump victory.
Bitcoin (CRYPTO: BTC) has broken the $65,000 mark, trading at $65,840 at the time of writing, up 5.4% over the past 24 hours. What Happened: Crypto trader Stockmoney Lizards has turned bullish, noting that while many are anticipating further lows, they may soon be left behind due to several indicators: Bull Market Bottom: Bitcoin is in a bull market, having experienced a 90% pump in February and March.
As liquidity grows, institutional investors and options strategies could fuel the long-term expansion of the bitcoin ETF market.
Trading firm QCP Capital said the move was similar to BTC's price action in 2016 and 2020 before the U.S. elections.
Bitcoin's leap toward $65,000 after a lackluster start to October could catalyze gains historically experienced during this month, according to QCP Capital.
As the 2024 presidential election approaches, Bitcoin (CRYPTO: BTC) finds itself in a favorable position regardless of the outcome. The election, featuring Donald Trump and Kamala Harris, presents a unique scenario for the cryptocurrency market.
The beginning of the fresh weekly trade has flipped the market sentiments, which were buried under a strong bearish influence. The Ethereum price has also flipped from the interim support and at each dip, the second-largest token has been offering a good buying opportunity.
Vitalik Buterin advocates reducing Ethereum's staking threshold. Faster Ethereum transactions through “single-slot finality” proposed by Buterin.
Bitcoin ended Q3 with a modest 0.8% price increase, overshadowed by gold's significant 13.8% rise, fueled by concerns about the economy and global tensions.
Bitcoin's buy orders have gained strength across all exchanges, according to a recent data analysis shared by CryptoQuant founder. Ki Young Ju, the founder of CryptoQuant, shared insights into the current state of Bitcoin's order books.
ETH has surged by 4.36% on monthly charts. This leaves analysts predicting further rise if $2264 support level holds.
Australia is joining the global spot ETF frenzy courtesy of Monochrome's Ethereum ETF (IETH). Monochrome's announcement comes two months after the company launched its Bitcoin ETF (IBTC), which boasts a US$10.1 million investment since August last year.
In a dramatic turn of events, the Bitcoin price has breached the $64,000 threshold again after a 7.7% increase from a low of $59,400 in four days. This sudden price jump has sent shockwaves through the crypto market, with data from Coinglass revealing a significant wave of liquidations following the unexpected rally.
The Bitcoin market continues to see buyers of dips, and therefore it looks like we are trying to break higher, perhaps even break to a fresh, new, high for the last couple of months. However, we are still very sideways from a longer-term perspective.
In the midst of a more optimistic crypto market, both bitcoin and ethereum have enjoyed steady growth, climbing by 3.13% and 3.61%, respectively, over the past week. Additionally, several other digital currencies experienced even more significant increases, with spx6900 (SPX) stealing the spotlight by skyrocketing 107.2%, making it the standout performer of the week.
Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) exchange-traded funds (ETFs) saw an inflow surge totaling $407 million last week. The inflow was driven primarily by shifting political winds rather than monetary policy considerations.
Prominent Bitcoiner Michael Saylor, the founder and currently the executive chairman of MicroStrategy, has addressed the millions of his followers on X to share a crash course in Bitcoin with them.
Bitcoin and other cryptocurrencies started the week well, buoyed by ongoing stimulus discussions in China, the world's second-largest economy. Bitcoin (BTC) crossed the important resistance point of $65,000 for the first time since Sept.
Jefferies investment banking firm released a report indicating Bitcoin mining profitability fell in September. According to the report, miners had difficulty dealing with increasing hashrate and stagnant BTC prices.
Russia boosts Bitcoin mining in Buryatia with a new power plant, enhancing energy supply and strengthening its crypto industry.
TL;DR $407M Inflows: Digital asset investment products saw a significant surge in inflows, reaching $407 million in one week, driven by investor sentiment around the upcoming U.S. elections. Bitcoin Dominates: Bitcoin led the inflows with $419 million, highlighting its dominance and investor confidence, while Ethereum faced outflows of $9.8 million.
Bitcoin is looking strong right now, showing low volatility and potential for growth. It's currently above the 21-week exponential moving average, which is a positive sign. With the November 5th elections approaching, we may soon see significant price movements.
Crypto Market Overview: The overall market capitalization of cryptocurrencies increased by 3% in the last day to reach $2.25 trillion, indicating that the industry is trending upward globally. A notable increase of 53.90% in 24-hour trading volumes indicates a general increase in investor activity.
According to a recent analysis by the New York Digital Investment Group (NYDIG), Bitcoin has demonstrated superior returns compared to various asset classes, despite its notable volatility.
Bitcoin has risen approximately 2.14% in the past 24 hours, trading at around $64,300 in Monday afternoon sessions in Asia.
Bitcoin mining profitability took a hit in September, driven by a 1.7% increase in network hashrate and stagnant cryptocurrency prices, according to a report from Jefferies. Despite Bitcoin's relatively stable price, miners faced declining revenues as operational costs and network difficulties surged.
Bitcoin (BTC) has defied the odds today by igniting a notable price surge. Remarkably, it has tested new levels as more gains are now expected from the leading cryptocurrency on the market.
Bitcoin analysts have become optimistic about the asset's price amid its surge beyond $64,000, with some believing the “summer lull is behind us.”
Approximately 45,000 BTC are still to be returned, and they will be returned only in 2025.
Samara Asset Group looks to increase its Bitcoin holdings using a €30 million bond.
As of Oct. 14, 2024, ethereum's price is $2,541, with a total market cap reaching $305 billion. In the last 24 hours, ETH has swung between $2,436 and $2,555, supported by a trading volume of $14.31 billion. Despite this activity, technical indicators hint at continued bearish momentum, with key support levels under pressure.
Former President Donald Trump's decision to launch a cryptocurrency token sale for his project, World Liberty Financial (WLFI), has attracted widespread backlash from prominent figures in the crypto world.
Samara Asset Group, a publicly listed asset management firm, shares rose by around 15% after it announced moves to increase its Bitcoin holdings. On Oct. 14, the company announced that it had appointed Pareto Securities as the sole manager to organize a series of fixed-income investor meetings to raise €30 million ($32.
Ethereum is in a crucial phase, with an inverted head and shoulders pattern forming on the daily chart and a double-bottom pattern on the 4-hour chart, both pointing toward the possibility of a slight bullish reversal. The $2.7K neckline and $2.
TL;DR Samara Asset Group plans to issue a €30 million bond to expand its Bitcoin holdings and diversify its investment portfolio. The bond will be listed on the Oslo and Frankfurt stock exchanges, with proceeds used to acquire stakes in alternative investment funds and increase Bitcoin positions.
On Sunday, Bitcoin (BTC) price rose nearly 4% after forming a local bottom on Saturday at $62,052. This uptrend beat crypto market expectations of a correction.
Bitcoin's price is finally showing some promising signs of bullish continuation. The big question now is if the consolidation period is over or if this is just a temporary bounce.
As markets kick off the week positively, Ethereum (ETH), the second-largest cryptocurrency by market cap, has also shown strength, rising nearly 3% and crossing the critical $2,500 level. Meanwhile, Popular crypto analyst Ali Martinez highlights a historical trend that could lead to a 130% surge, potentially pushing ETH toward $6,000.
The Bitcoin price is back above $64,000, sparking bullish sentiments that the long-awaited ‘Uptober' rally is set to begin. Certain macro events are happening this week, which market participants should watch out for as they could impact the crypto market.
But interestingly, as of press time, searching for “DOGE” still shows Dogecoin's price chart.
Other crypto-related terms paint a mixed picture, with “NFTs” and “DeFi” also at the lows, while hot topics like “memecoins” are on the rise.
The Bitcoin market looks bullish right now. In the last seven days, the Bitcoin market has experienced a surge of 2.7%. Can the market continue this bullish momentum this week? The market opened the week on a positive note. At the start of today, the price was around $62,886. Now, it stands at $64,828.
"Investors were hoping Saturday's event with China's finance ministry would hold all the answers; instead, it was too top level to sustain the market's optimism.
The end of the memecoin supercycle is here, with capital reallocation hinting at an impending broader market correction.
Solv Protocol's SolvBTC product has more than 20,000 BTC staked ($1.24 billion) deployed across 10 major blockchain networks.