The Tokyo-listed firm purchased an additional 108.786 bitcoin, worth about $6.7 million at current market prices.

Bitcoin could be on the verge of reaching a new record high of over $74,000 this month, with several factors contributing to a bullish outlook for the largest cryptocurrency by market capitalization.

Bitcoin poised for gains as metrics and liquidity signal potential bullish trend.

Asia's MicroStrategy Metaplanet has continued with its Bitcoin buying spree week after week thereby increasing its stack to more than 639 Bitcoins following today's purchase. The Japanese firm announced a fresh investment of 1 billion Japanese Yen in the early trading hours on Monday, Asia market.

The crypto prices today have sparked investor optimism globally, gaining considerably after a volatile period of trading in the previous week. Bitcoin (BTC) price topped the $63K level today, whereas Ethereum (ETH), Solana (SOL), and XRP have mimicked an upward movement.

Memecoins have been one of the best-performing crypto sectors in the past year, buoyed by vibrant social communities and attention in the market.

Metaplanet Inc. (Tokyo:3350), a Japanese long-standing company that deals with hotel asset management and operations, announced earlier today that it had acquired an additional 108.786 Bitcoins, for about $6.7 million at an average price of around 61.9k. As a result, the company now holds a total of 639.503 Bitcoins, worth approximately $40.5 million.

Welcome to Latam Insights, a compendium of Latin America's most relevant crypto and economic news from the past week. In this issue, El Salvador's President Nayib Bukele meets with President Milei in Argentina, offering bitcoin advice to the Senate, and Uruguay passes a cryptocurrency law after over two years of discussion.

Japanese investment firm Metaplanet declared Monday that it added another 108.78 Bitcoin to its portfolio for 1 billion yen ($6.7m).

Saylor Academy, a non-profit organization providing free and open online education material, introduced a new AI-powered course, “What is Money?” to help students grasp the philosophical aspects of the Bitcoin (CRYPTO: BTC) ecosystem.

Bitcoin's resilience amid market challenges highlights its potential as a diversification tool, yet underscores a competitive investment landscape. The post Bitcoin's lead narrows but still outpaces other assets despite Q3 downturn: NYDIG appeared first on Crypto Briefing.

The Bitcoin market is going through a delicate phase, marked by increased volatility and significant capital movements. Recent on-chain data reveals contrasting behaviors among investors, suggesting upcoming turbulence.

Bitcoin is currently exactly where it was in the last two cycles, said NYDIG's research head Greg Cipolaro, who said crypto could be in for a big Q4.

Bitcoin (BTC) pushes toward $65K as US jobs data boosts demand. ETF inflows rise, supporting bullish trends amid key market and political risks.

The International Monetary Fund (IMF) has advised El Salvador to narrow the scope of its bitcoin law, strengthen regulation and oversight of the cryptocurrency, and limit public sector exposure. The IMF remains engaged with the country to support reforms and ensure bitcoin adoption does not threaten financial stability.

Here's BlackRock's insights and selling points for BTC and ETH.

Bitcoin price started a fresh increase above the $62,000 zone. BTC is gaining pace and might aim for more gains above the $63,500 zone.

Leading cryptocurrencies rallied Sunday overnight as investors remained optimistic following a healthy employment report. Cryptocurrency Gains +/- Price (Recorded at 8:45 p.m.

Bitcoin (BTC) is currently the center of attention for traders and analysts alike. With Bitcoin trading at approximately $61,948, a recent uptick of 2.1% in the last 24 hours has raised questions about whether it could soon reach new all-time highs.

With indications of a potential recovery on its price chart, Shiba Inu is subtly setting itself up for a breakout. Now that SHIB is above its 200-day exponential moving average, which is frequently a crucial indicator for a change in market sentiment, it has emerged from a difficult period of consolidation and declining pressure.

A widely followed crypto analyst says that one meme asset that has seen a 300x surge in under a year is on the brink of sparking another major rally.

The cryptocurrency market is witnessing a tense tug-of-war between bullish and bearish sentiment as the Bitcoin Fear & Greed Index recently fell into the “fear” zone. On Friday, the index registered a score of 37, according to data from Crypto Quant, indicating a heightened sense of caution among investors.

Bitcoin continues to make headlines, surging to $62,000, as financial giant BlackRock positions the cryptocurrency as a hedge against the weakening U.S. dollar. This latest move comes after a 2.20% price increase on Friday, pushing Bitcoin to levels that have reignited interest from investors and analysts alike.

Bitcoin is facing new pressures, and it shows in the market data. Both long-term and short-term holders are making moves that suggest growing weakness in Bitcoin's price.

Bitcoin's recovery above $62,000 is having a positive impact on altcoins, boosting prospects of a rally in APT, WIF, FTM and BGB.

A closely followed crypto strategist believes it is within the realm of possibility for Bitcoin (BTC) to witness an abrupt rally to $68,000. Pseudonymous analyst Credible Crypto tells his 423,300 followers on the social media platform X that a relief rally is in sight for Bitcoin and the altcoin market.

Despite ending the last day of the week with inflows, Spot Bitcoin ETFs in the United States closed out the week with a net outflow. In particular, the ETFs logged $25.

Ethereum and Bitcoin, two of the world's largest blockchains, are facing significant challenges in scaling their networks. As more users and transactions move to layer two (L2) solutions, these systems could undermine the security and sustainability of the base layer (L1), with fees and rewards for miners and validators dwindling.

The following is a guest post from Shane Neagle, Editor In Chief from The Tokenist. In the digital age, financial privacy has become a pressing issue because surveillance is ingrained in all electronic transactions.

Bitcoin evangelist Michael Saylor recently took to the X social media network in order to urge his followers to buy "a piece of cyberspace."

An ancient Bitcoin (BTC) whale has just woken up after a nearly 11-year hibernation. Blockchain tracking bot Whale Alert says on the social media platform X that a whale wallet, worth less than $100,000 in 2014, is now worth millions. “A dormant address containing 100 BTC (6,113,890 USD) has just been activated after 10.

The latest transaction has allowed the company to achieve a 3.4x return on its investment in Nautilus.

Bitcoin declined sharply over the past week, by 5.41%. An analyst eyes a bullish outlook based on 21-week EMA.

The next US presidential election is fast approaching, and the crypto stance of the candidates has become an important campaign point than many would've expected.

As Argentina grapples with economic turmoil, speculation is growing about whether the country will follow El Salvador's bold move to adopt Bitcoin as legal tender.

As of today, Oct. 6, 2024, the countdown to the end of the year continues, with just 87 days left. Bitcoin (BTC) is holding strong at just over $62,000, although it's still trailing 15.6% below its record high from seven months ago. Meanwhile, ethereum (ETH) is facing a steeper climb, currently priced at $2,432—sitting 50.

Bitcoin reaffirms its supremacy in a turbulent crypto market. Its dominance has just reached an unprecedented high since April 2021, leaving altcoins in its wake.

Bitcoin faces yet another correction after surpassing the $62,000 mark on Oct. 2. However, data shows that whales haven't taken part in the latest selloff.

MicroStrategy, a big name in software and a leader in Bitcoin adoption among companies, is making big moves to bring cryptocurrency into its business even more. The company recently announced it is looking for a manager of Bitcoin Advocacy and this role is all about boosting its Bitcoin development and advocacy initiatives.

Bitcoin and the entire crypto market find themselves at a pivotal moment following several weeks of fluctuating price action. As analysts and investors keep a close eye on market trends, many are optimistic about a potential rally in the coming months.

According to recent data, the five busiest days for bitcoin transfers on the network occurred in 2024. The all-time peak was at the end of April, with the second-highest transaction day recorded on Sept. 8.

Over the past 24 hours, Bitcoin (BTC) has seen a large disparity in liquidations between long and short positions in the perpetual futures market. According to CoinGlass, total liquidations in derivatives on the major cryptocurrency during this period exceeded $4.82 million.

The Bitcoin price surged 0.55% during the low-volatility weekend, currently trading at $62400. Following the broader market relief rally, the BTC price showcased its sustainability at $60,000 support, bolstering buyers to recuperate the bullish momentum.

Bitcoin short-term holders are “likely taking on more risk” amid long-term holders “likely taking profits,” according to a crypto analyst.

Recently, prominent analyst Benjamin Cowen shared a cautionary message regarding Bitcoin's current price movements. His analysis suggests that if Bitcoin cannot break through critical resistance levels, a significant decline of over 30% could be on the horizon.

Currently, Bitcoin is moving within a large descending broadening wedge pattern, often signaling bearish momentum. However, recent oversold signals suggest a potential short-term shift. According to analyst Josh of Crypto World, larger volatility, potentially impacting support or resistance levels, may occur as the new trading week begins.

Bitcoin has been experiencing notable price fluctuations lately, stirring a sense of uncertainty among investors and crypto enthusiasts. However, recent insights from on-chain analytics platform Crypto Quant suggest that a potential short-term rally could be on the horizon for the leading cryptocurrency, driven by positive indicators surrounding Coinbase Premium.