On Monday, Bitcoin treasury company MicroStrategy announced that it had spent roughly $561 million to acquire additional Bitcoin as it remains uber-bullish on the world's largest and oldest cryptocurrency. This marks its seventh consecutive week of Bitcoin purchases.

Terawulf Inc., a bitcoin miner and digital infrastructure provider, has signed agreements to deliver over 70 megawatts of data center infrastructure to Core42, a subsidiary of G42 specializing in artificial intelligence (AI) and cloud services.

Bitcoin has endured days of underwhelming price action, retreating from its all-time high of $108,364 to a local low of $92,100. Despite this sharp pullback, the price structure remains bullish, fueling optimism among analysts and traders who believe Bitcoin's rally could resume at any moment.

Bitcoin's (CRYPTO: BTC) volatile trading around the $100,000 mark has left investors puzzled about its prospects for the next weeks. What Happened: Jim Bianco of Bianco Research highlighted this phenomenon in a post on X on Sunday by quoting an old Wall Street adage: "Markets will do what confuses the most people.

Bitcoin remains under pressure, but the bulls are expected to defend the $90,000 support.

Crypto ETFs saw substantial outflows last week while Bitcoin and Ethereum prices dipped, but such products still ended the week in the green.

As we head into Christmas, the crypto sector faces brutal price action—a sharp reversal from the euphoria that marked the start of December.

Bloomberg's chief commodity strategist Mike McGlone in a latest X post has shared why the Bitcoin price has reversed and went way below its recent all time high of $108,268 and has dropped even further to $93,000, at the moment.

Bitcoin (BTC) is fluctuating wildly between $92,500 to $94,000 range over the few hours, touching $92,800 earlier this morning, ahead of the largest bitcoin options expiry in history. Scheduled for this Friday, $14 billion in bitcoin options open interest (OI) is set to expire.

Deribit CEO Luuk Strijers has pointed to $84,000 as the “max pain” level for Bitcoin ahead of a significant December options expiry, suggesting the market could be pulled down to this level before finding new equilibrium. Strijers' analysis highlights the unique dynamics of the upcoming quarterly expiry, which accounts for 44% of all outstanding Bitcoin options, making it the largest options expiry this year.

"These types of things never go on forever and often end poorly," Steve Sosnick said of MicroStrategy's leveraged bitcoin bet.

MicroStrategy Chairman Michael Saylor announced today that his firm purchased another 5,262 Bitcoin. This buy cost $561 million and continues his plan of steady BTC acquisition.

MicroStrategy Inc (NASDAQ: MSTR) announced another Bitcoin (BTC) purchase on December 23 at an average price of $106,662. This marks an announcement made at a price below the dollar-cost average, signaling a buy at Bitcoin's local top.

Senator Ted Cruz wants Texas to be a global leader in cryptocurrency, seeing Bitcoin as a symbol of freedom. Ted supports crypto-friendly laws, runs mining rigs in West Texas, and opposes strict federal rules.

Financial educator Robert Kiyosaki has long expressed skepticism towards the U.S. government and its monetary policies, a sentiment that dates back to 1965.

A crypto analyst has shared a TD Sequential chart indicating that the Bitcoin price is flashing a major buy signal in the 4-hour time frame. This signal suggests that Bitcoin's bearish momentum could be waning, making this a potentially critical moment to consider entering the market.

The cryptocurrency community has been buzzing with speculation that the United Arab Emirates (UAE) is quietly amassing a significant amount of Bitcoin. Reports have surfaced claiming that the UAE holds over $40 billion worth of the world's leading cryptocurrency.

The price of Bitcoin, the leading cryptocurrency by market capitalization, has slipped to an intraday low of $93,054.

TL;DR Avalon Labs raised $10 million in a Series A funding round aimed at expanding its Bitcoin-based DeFi ecosystem and its USDa stablecoin. The platform allows users to use Bitcoin as collateral to obtain USDa, with a fixed loan rate of 8%.

The year 2024 was a landmark year for crypto, with the approval of the Bitcoin spot ETFs in the U.S. and the subsequent introduction of Ethereum ETFs, as well as several cryptocurrencies, including Bitcoin, reaching new record highs.

Bitcoin's value slid early Monday, dipping beneath the $94,000 mark. In the past 24 hours, a combined $271.22 million in crypto positions—both short and long—have been cleared out. Bitcoin Slides Into the Red—South Korea's Premium Returns The leading digital asset, bitcoin (BTC), has dropped 2.1% against the U.S. dollar as of Dec.

Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.

Mike Ippolito of Blockworks sees a resurging Ethereum (CRYPTO: ETH), an evolution for Solana's (CRYPTO: SOL) and the expanding role of stablecoins and AI as key trends in crypto in 2025. What Happened: In a thread on X on Sunday, Ippolito said he believes the U.S. will dominate the global crypto scene, with domestic conferences surpassing Asian counterparts in size and influence.

MicroStrategy, the business intelligence firm whose appetite for Bitcoin (BTC) remains insatiable, recently bought more BTC. The purchase, which cost the firm approximately $561 million for 5,262 BTC, was made at an average price of $106,662 per BTC.

Matador's Board approves adding Bitcoin and USD assets to its treasury, shifting from CAD to safeguard against devaluation risks.

MicroStrategy is in the news again, with the company's latest Bitcoin (BTC) purchase worth over half a billion dollars. With this latest purchase, the company now holds a whopping 444,262 BTC, which they have accumulated at a total cost of approximately $28 billion, with an average purchase price of $62,257 per BTC.

Bitcoin faces bearish pressures as technical, macroeconomic, and on-chain indicators point to further downside. Key support levels at $89,000, $77,792, and $60,501 could stabilize prices amid tightening global money supply.

MicroStrategy Inc. (NASDAQ:MSTR) has further increased its holdings by purchasing 5,262 Bitcoin (CRYPTO: BTC) at an average price of $106,662, totaling approximately $561 million. What Happened: This acquisition brings MicroStrategy's total Bitcoin holdings to 444,262 BTC, with an average cost of $62,257 and a total cost of approximately $27.7 billion as of Dec. 22, 2024.

Bybit has released its 17th proof of reserves report, revealing notable shifts in user asset holdings as of December 12, 2024. The snapshot shows a difference between Bitcoin and other major assets, with BTC holdings declining 8.55% to 50,412 BTC since the November 13 report.

Deck the halls with some sound advice about getting into cryptocurrency.

MicroStrategy unveiled a Bitcoin purchase for the seventh consecutive week, topping off its corporate coffers alongside its Nasdaq-100 debut.

Metaplanet acquired 619.7 Bitcoin for $60 million, becoming the 12th-largest corporate Bitcoin holder, using debt financing for expansion.

In the latest development, Bitcoin proxy MicroStrategy has officially debuted on the Nasdaq-100. Data from NASDAQ revealed that Palantir PLTR and Axon Enterprise AXON joined the Nasdaq 100 alongside MicroStrategy. They replaced Illumina (ILMN), Super Micro (SMCI), and Moderna (MRNA), with the reconstituted index set to begin trading on Dec. 23.

MicroStrategy extended its weekly Bitcoin buying spree for the seventh time, solidifying its position as the crypto's largest corporate holder with almost $45 billion.

The long-defunct Mt. Gox exchange moved $49.3 million worth of Bitcoin earlier today.

Bitcoin (BTC) continues to grapple with sustaining its position above crucial support levels following a weakened weekly close. As the holiday period approaches, BTC struggles are within the mid-$90,000 zone, with a bearish momentum dominating the current price action.

With over $27.7 billion invested in Bitcoin, the company has maintained its position as the largest corporate Bitcoin holder globally.

Bloomberg's chief commodity strategist Mike McGlone has taken to his account on the X social media network to reveal to the crypto community why the Bitcoin price has reversed and gone down way below not only its recent $108,268 all-time high but dropped even lower and is trading below $94,000 at the moment.

Bitcoin traders are offering more and more bearish short-term BTC price targets as the return of Wall Street fails to offer relief.

BitcoinOS CEO Edan Yago explains how bringing DeFi and scaling to the Bitcoin ecosystem will allow it to regain its spirit of innovation.

Matador Technologies Inc. (TSXV: MATA) has announced a bold step to strengthen its corporate treasury by investing $4.5 million in Bitcoin. The post Canadian Firm Matador Adds Bitcoin to its Balance Sheet appeared first on Cryptonews.

The Bitcoin market continues to see a lot of noise, but at this point in time, it looks like we are trying to sort out whether or not we are going to be able to build the inertia needed to break above $100,000 again.

Bitcoin News: A recent report from The Kobeissi Letter hints at a potential BTC crash to $20,000 in the coming few weeks. The report cited Bitcoin's relation with the global monetary supply, saying that if the crypto continues to move in tandem, it could witness a massive dip ahead.

TL;DR MicroStrategy acquired 5,262 BTC for $561 million, consolidating its total reserves at 444,262 BTC, with an accumulated value of $27.7 billion. Institutions, governments, and funds now control 31% of all BTC in circulation, demonstrating MicroStrategy's impact on corporate adoption of BTC.

Tokyo-based investment firm Metaplanet Inc. announced on Monday it has purchased an additional 619.7 Bitcoin, spending approximately $58.9 million at current market rates.

Today's announcement coincides with MicroStrategy joining the Nasdaq 100 index, which could attract the interest of exchange-traded funds.

MicroStrategy has stunned the crypto world again by purchasing 5,262 BTC for $516 million, bringing its total to a record 444,262 BTC. The companys aggressive Bitcoin strategy continues to shape its Nasdaq-100 milestone today.