Babylon Labs and Lombard Protocol have jointly unveiled a strategic initiative aimed at integrating Bitcoin with Sui, the Layer 1 blockchain and smart contract platform. This collaboration seeks to onboard bitcoin liquidity into the Sui ecosystem, enhancing decentralized finance (defi) with LBTC as a core collateral asset.
Charles Hoskinson, the prominent crypto entrepreneur behind Cardano, has said he wants to add decentralized finance (DeFi) features to Bitcoin. Looking back on his long history with Bitcoin and its foundational code, Hoskinson described his renewed focus on the cryptocurrency, viewing it as a chance to revisit its design and expand its potential.
Bitcoin is witnessing a surge of on-chain activity, with daily active addresses nearing 1 million, data indicates.
Bitcoin (BTC) surged to nearly $100,000 before settling at $93,000, with the dip possibly driven by profit-taking.
On November 22, the Bitcoin market was at an all-time high of $98,975.79. Since then, the Bitcoin price has sharply dropped by around 6.16%. Interestingly, during the same period, certain Altcoins, including Ethereum, Sand and XLM, have witnessed growth. Importantly, the Altcoin market cap has slightly climbed by 2.38% during this period.
Bitcoin is currently testing levels below the crucial $95k mark and is down by more than 4% in the last 24 hours. In the meanwhile, PlanC (@TheRealPlanC) shared a bold prediction about MicroStrategy's Bitcoin accumulation strategy, suggesting that the company could hold over 1 million Bitcoins by January 1, 2030.
Onchain data reveals that ETF flows haven't been the primary causes of sell pressure for Bitcoin.
As Bitcoin cools, altcoins remain hot, with investors and traders loading up in what could be the precursor to altseason.
Despite Bitcoin's 5.24% drop to $93,000, traders are actively discussing and investing in altcoins like The Sandbox (SAND), Stellar (XLM), and Ethereum (ETH).
iShares Bitcoin Trust (IBIT) drops 4.5% as institutional investors adjust holdings amid Bitcoin volatility.
Last week Bitcoin hit a record high of $99,600, but now it has dropped back to $93,637. After a big 40% rise over the last three weeks, fueled by Trump's election win, everyone is wondering what will happen next.
Swan Bitcoin filed a malpractice lawsuit against its former legal counsel, Gibson, Dunn & Crutcher, and accused the firm of prioritizing Tether's interests over its own.
Spot Bitcoin ETFs saw their steepest single-day outflows since Trump's election win, signaling market jitters.
As of November 25, Bitcoin spot ETFs collectively hold $102.23 billion in net assets, with a cumulative inflow of $30.40 billion.
Bitcoin's price dropped below $93,000 due to Trump's new tariff announcements and upcoming options expiry, while institutional buyers continue accumulating despite market turbulence.
The board of directors at Rumble approved a corporate treasury diversification into Bitcoin of upto $20 million.
Online video platform Rumble and Canadian wellness company Jiva Technologies have joined the growing number of firms adopting Bitcoin as part of their corporate treasury strategy this year. Their decisions reflect a broader trend of institutional interest in the top crypto as businesses seek alternatives to traditional financial assets.
Bitcoin dropped to $93,000 amid $438 million in ETF outflows and $550 million in liquidations, while MicroStrategy added $5.4 billion worth of BTC to its holdings, highlighting the market's complex institutional dynamics.
Samson Mow, renowned Bitcoin maximalist and JAN3 chief executive officer, has addressed his army of followers to remind them that after the Bitcoin crash in the last 24 hours, there is now a “Black Friday sale” for BTC.
Due to Ethereum's ability to withstand the decline of Bitcoin, there is conjecture afoot that a shift toward altcoins, specifically ETH, is imminent. As Bitcoin struggles to maintain momentum near the $100,000 mark, Ethereum's price movement is attracting attention as it is currently trading above $3,400.
Rumble Approves $20 Million Bitcoin Treasury Investment Plan
Bitcoin dropped to $93K with $553M in liquidations, mostly from long positions. Spot Bitcoin ETFs faced $435M in outflows, except BlackRock's IBIT.
In the last few days, there have been big changes in crypto land. In just 24 hours, more than $550 million was liquidated.
Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares.
XRP price has captured significant attention this month, rallying beyond $1.4 and securing impressive market momentum. The cryptocurrency's value has surged over 177%, driven by broader market gains and renewed investor interest.
MicroStrategy has made headlines with its largest Bitcoin purchase to date, acquiring 55,500 BTC between Nov. 18 and 24 for $5.4 billion.
Bitcoin has failed to continue its run past $100k, subsequently recording a three-day losing streak. The recent dip is the first major price correction the asset has seen since the November 5th elections, in which pro-crypto candidate Donald Trump was re-elected.
With the current price hike and the expected rise in bitcoin adoption by nation-states and private corporations, the world's attention is on the digital asset.
Almost the entire crypto market is deep in the red today.
The new strategy aims to accelerate the company's expansion in the crypto sector.
Bitcoin is currently testing levels below the crucial $95k mark and is down by more than four percent in the last 24 hours. This comes after a recent announcement from Michael Saylor revealing that MicroStrategy purchased another $5.4 billion worth of Bitcoin.
BTC price retracement expectations hinge on bulls protecting new local lows as Bitcoin traders stick to high-leverage bets.
BitMEX has introduced the XBTF25 Bitcoin futures contract, now available for trading. This new contract, underlined and margined in Bitcoin, went live on November 26, 2024.
The Sui Foundation has announced a partnership with Babylon Labs, Lombard Protocol, and Cubist to integrate Bitcoin into the Sui ecosystem.
A crypto strategist who rode Bitcoin's 2023 breakout is warning that BTC is at risk of witnessing a significant correction if it fails to rally above $100,000. Pseudonymous analyst DonAlt tells his 63,000 YouTube subscribers that Bitcoin will likely bounce if it pulls back to $90,000.
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded a reversal in investor sentiment on Monday, with total outflows of $438.4 million. The post Spot Bitcoin ETFs in the U.S. See $438M Outflow After $3.4B Influx Streak appeared first on Cryptonews.
Last day, MicroStrategy surprised many by making a massive BTC purchase of 55,500 BTC tokens – the highest it has ever made. This month alone, the company has amassed over 134,480 BTC tokens. With the latest purchase, the total BTC holding of MicroStrategy has increased to nearly 386,700 BTC tokens, worth at least $36,496,204,620.
After reaching a new all-time high of $99,600 last Friday, the Bitcoin price has retraced to the $94,000 mark for the first time in nearly a week. This pullback comes amid growing speculation about a possible correction following a massive three-week uptrend that saw the leading crypto surge by 40% after Donald Trump's election on November 5.
The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote bitcoin back in the day.
Rumble, a video-sharing and cloud services platform, is making a big move into crypto with a Bitcoin treasury strategy. The company plans to use its cash reserves to buy Bitcoin as a store of value and a hedge against inflation.
Think you're too late to Bitcoin? You've still got time, according to prominent businessman and best-selling author of Rich Dad Poor Dad Robert Kiyosaki, who forecasts sizable gains still to come.
Such corrections are to be expected, said analysts.
Following Microstrategy's plan of hoarding Bitcoin many companies from different sectors are following suit by investing heavily into Bitcoin as a safe investment option. Recently, Rumble, a popular video-sharing and cloud services platform, is making a bold move by investing up to $20 million in Bitcoin.
Jason Calacanis, one of the best-known angel investors, recently questioned Saylor's strategy.
Public video-sharing platform Rumble said Monday it plans to allocate up to $20 million in Bitcoin for its crypto treasury. Rumble, a video-sharing and cloud services provider, said in a blog announcement on Nov.
Bitcoin has been trading within a tight range, a pattern that could play a key role in its next price move.
Spot Bitcoin exchange-traded funds in the United States began the week with significant outflows as Bitcoin's price fell below $93,000 amid a wave of long liquidations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $438.