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news-imageNovember 27, 2024

Bitcoin (BTC) Rally Sees Long-Term Holders Realizing Record $2B in Daily Gains

TL;DR Bitcoin (BTC) is nearing the $100,000 milestone, prompting long-term holders (LTHs) to distribute over 507,000 BTC, realizing a record $2.02 billion in daily profits. Most sell-side pressure comes from coins aged between six months and one year, indicating a more aggressive distribution campaign.
Publisher: Crypto Economy
Sentiment: Positive
BTC

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Positive
cover-imageCrypto Economy
November 27, 2024

Charles Hoskinson Predicts Bitcoin Surge to $250K–$500K in Two Years

TL;DR Charles Hoskinson predicts Bitcoin could surge to $250,000–$500,000 within the next 12 to 24 months, driven by institutional investment and DeFi opportunities. Hoskinson views Bitcoin as a strategic reserve asset for governments and institutions, similar to gold, aligning with recent developments like Trump's pledge to create a Bitcoin strategic reserve.

Negative
cover-imageProactive Investors
November 27, 2024

Bitcoin loses steam following record-setting rally

Bitcoin is showcasing a classic slice of volatility having emerged from its latest banana zone. The world's largest cryptocurrency was slapped 5% lower this money and another 1.2% yesterday before recovering those Tuesday losses this morning.

Negative
cover-imageBitcoinist
November 27, 2024

Bitcoin Top Buyers Panic Sell At Loss As BTC Slips Under $93,000

On-chain data shows the Bitcoin investors who purchased at the top are capitulating following BTC's drawdown under the $93,000 level. Bitcoin Short-Term Holders Have Just Sold Big At A Loss As an analyst in a CryptoQuant Quicktake post explained, the latest BTC crash has triggered panic among the short-term holders.

Negative
cover-imageCoinPedia
November 27, 2024

Bitcoin ETF Outflows Surpass $550M, Pressuring BTC Below $95K

After closing the last four days in a bearish outlook, Bitcoin (BTC) price has significantly slowed down in the initial bullish momentum towards the much-hyped target of $100k. Moreover, the flagship coin has consistently closed below the previously established support level of $95k.

Positive
cover-imageBenzinga
November 27, 2024

MARA Urges Incoming Trump Administration To Boost US Bitcoin Mining Operations To Prevent Manipulation From 'Adversarial' Nations

MARA Holdings Inc. (NASDAQ:MARA) exhorted the incoming Donald Trump administration to expand domestic Bitcoin (CRYPTO: BTC) mining operations, emphasizing the significance of the U.S. controlling a larger portion of the global hash rate for economic sovereignty. What Happened: In an X post on Tuesday, the company highlighted the increasing competitiveness of Bitcoin mining and the potential economic implications of not securing a significant share of the global hash rate.

Positive
cover-imageNewsBTC
November 27, 2024

Current Bitcoin Hashrate Can Sustain $4.9 Trillion Cap, CryptoQuant CEO Reveals

The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju discussed a BTC pricing model that puts upper and lower bounds on the cryptocurrency's price using the trend in the mining hashrate.

Negative
cover-imageUToday
November 27, 2024

Bitcoin (BTC) to Crash Even More, Says Schiff

Renowned Bitcoin critic Peter Schiff recently asserted that after the company's aggressive buying spree ends, Bitcoin (BTC) and MicroStrategy (MSTR) may crash. With $10 billion already spent, Schiff noted that MicroStrategy's three-year plan to spend $42 billion on Bitcoin could be completed much sooner than expected.

Positive
cover-imageAltcoin Buzz
November 27, 2024

Brazil Plans Bitcoin Reserve to Boost Economy

Congressman Eros Biondini wants to establish the Bitcoin Sovereign Strategic Reserve, also known as RESBit (Reserva Estratégica Soberana de Bitcoins). This reserve would help Brazil's Treasury by adding Bitcoin to its mix of national assets.

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