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The total crypto market cap slumped by over $250 billion at one point,
Bitcoin, the world's biggest and best-known cryptocurrency, fell 5% to $95,519 at 2103 GMT on Monday.
Russian lawmaker proposes a national Bitcoin reserve to hedge against sanctions, aligning with efforts to integrate digital assets. The post Russian lawmaker proposes national Bitcoin reserve appeared first on Crypto Briefing.
Fundstrat chief investment officer Tom Lee says Bitcoin's (BTC) recent strength is foreshadowing future rallies in another asset. In a new interview on CNBC, Lee says that BTC's strong rallies over the last quarter are a sign that investors have a high-risk appetite and that future rallies in the S&P 500 are to be expected.
Riot Platforms plans to raise $500 million through a private offering of convertible senior notes, aimed at institutional investors, to fund Bitcoin acquisitions and support corporate initiatives as the cryptocurrency market approaches all-time highs. The post Riot Plans $500M Convertible Notes Offering to Fund Bitcoin Purchases appeared first on Cryptonews.
Cryptocurrency markets are trading lower despite U.S. Bitcoin ETF inflows nearing $10 billion. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $97,080.94 -2.8% Ethereum (CRYPTO: ETH) $3,798.59 -4.7% Solana (CRYPTO: SOL) $222.86 -5.6% Dogecoin (CRYPTO: DOGE) $0.4355 -6.3% Shiba Inu (CRYPTO: SHIB) $0.00002971 -7.2% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 2.4% and daily active addresses increasing by 8.7%.
Gold advocate and economist Peter Schiff is not exactly cheering from the sidelines when it comes to a U.S. strategic bitcoin reserve. On Monday, he sparked conversation on social media, declaring that the smartest move President Joe Biden could make before leaving office is to offload all the U.S. government's bitcoin holdings.
Bitcoin briefly rose back above $100K on Monday morning, but has since fallen, dragging many other major assets along with it.
CNBC Crypto World features the latest news and daily trading updates from the digital currency markets and provides viewers with a look at what's ahead with high-profile interviews, explainers, and unique stories from the ever-changing crypto industry. On today's show, Andy Baehr of CoinDesk Indices discusses the growing influence of U.S. politics on crypto prices and how long that influence will last.
Solana (SOL) price is currently trading roughly 15% below its all-time high reached on November 22, while its market cap it's now at $107 billion, surpassing tech giant Xiaomi. Despite a positive BBTrend on December 8, indicating some upward momentum, it has since weakened and is now at 0.66, suggesting that the trend could reverse soon.
The National Center for Public Policy has recommended Amazon convert at least 5% of its assets into Bitcoin, right as Microsoft considers its own BTC move.
The crypto market faces turbulence as Bitcoin slips below $98,500. Despite minor dips, Toncoin and Solana hold key levels, sparking speculation of fresh highs. With strong fundamentals and robust network activity, the path forward hints at significant potential, even amid liquidation pressures.
Jetking Infotrain, a 77-year-old Indian IT training company, has become the first publicly listed business in India to adopt Bitcoin as part of its corporate treasury strategy. The company announced the purchase of 12 Bitcoin (BTC), valued at approximately $1.
The U.S. Treasury Department is acknowledging the benefits of asset tokenization and comparing Bitcoin (BTC) to gold. In a new report, the Treasury Department calls the top crypto by market cap a store-of-value asset boosted by speculators. “The use case of digital assets continues to evolve, but interest has proceeded along two main tracks.
Jetking Infotrain became India's first publicly traded company to adopt Bitcoin (BTC) as a reserve asset for its treasury after purchasing 12 BTC on Dec. 9, according to the firm's CEO Avinash Bharwani. The company's Bitcoin reserve is worth roughly $1.2 million, at $97,986.35 per BTC as of press time.
Bitcoin's price movements, meanwhile, exhibit the strongest historical correlation with U.S. stock indices, suggesting that any downturn in equities could trigger a simultaneous correction in Bitcoin. The post Bitcoin's Rally Could Hit Pause in 2025, Says Crypto CEO appeared first on Cryptonews.
A group of Amazon shareholders is requesting the American multinational technology company to consider allocating a minimum of 5% of its assets to Bitcoin (BTC) to protect against inflation and boost shareholder value. The proposal was submitted by the National Center for Public Policy Research (NCPPR), a conservative think tank.
Jupiter token holders approved a pair of airdrops via a revised proposal, not long after rejecting a plan to hand out $1.7 billion in JUP.
Bitcoin's price has been facing significant fluctuations recently, but that hasn't stopped institutional investors from pouring billions into Bitcoin Exchange Traded Funds (ETFs). In fact, this week, Bitcoin ETFs recorded a staggering $2.7 billion in total inflows, signaling robust investor confidence despite recent market uncertainty.
In an interview with Barstool Sports founder Dave Portnoy, Michael Saylor revealed he would never stop buying Bitcoin. The Microstrategy executive told Portnoy that he will still buy more Bitcoin at a billion dollars a day when the asset retails at a million dollars per coin.
The software firm raised its total Bitcoin holdings to 423,650. MicroStrategy announced the acquisition of 21,550 BTC for $2.1 billion.
The mining business wants to provide the initial buyers of the notes an extra $75 million in total principal. Convertible senior notes maturing in 2030 worth $500 million were proposed for private sale.
Shareholders argue the company has a fiduciary duty to add assets to its treasury that outperform bonds, despite short-term volatility.
Despite profit taking retail demand for BTC remains strong.
MicroStrategy bought 21,550 more Bitcoin today, spending $2.1 billion. This is the company's second purchase in December, spending $98,783 per BTC.
Bitcoin has experienced a whirlwind of volatility over the weekend, reaching the psychological $100K mark and a new all-time high of $103,600. Despite this milestone, the price continues to struggle to maintain levels above $100K, raising questions about the strength of the current rally.
The former Binance CEO said that the Chinese government's lack of transparency overall made it difficult to predict any crypto policies.
Solving Bitcoin interoperability through a “layer 0” network can unlock its full potential in Web3.
Where is bitcoin's next resistance level? Data from Deribit shows that BTC's $120,000 strike call option is the most popular contract at the moment, with a notional open interest of over $1.9 billion.
El Salvador is reportedly in talks to scale back its use of bitcoin as legal tender and a reserve asset to secure a $1.3 billion dollar loan from the IMF. Plus, Bhutan sent over 400 BTC to crypto trading firm QCP Capital and MicroStrategy purchases another 21,550 BTC worth over $2 billion dollars.
Michael Saylor's software company today announced another gigantic Bitcoin buy — the fifth such purchase in as many weeks.
Bitcoin Runes token DOG•GO•TO•THE•MOON popped to a new peak price Sunday, while Dogecoin-like coins on Ethereum and BNB Chain are up Monday.
El Salvador, the first country to adopt Bitcoin as legal tender, is adjusting its approach to satisfy IMF conditions. The government aims to secure a $1.3B IMF loan by making Bitcoin acceptance optional, potentially unlocking billions in additional global financing.
Microsoft (NASDAQ:MSFT) shareholders will cast their votes on whether the company should publicly assess adding Bitcoin to its balance sheet on Dec. 10. The vote, scheduled for 8:30 AM PST, comes as Bitcoin (CRYPTO: BTC) trades at $98,050, after touching a record high of $103,679 and gains endorsement from global leaders such as President-elect Donald Trump and Russian President Vladimir Putin.
Bitcoin (BTC) is showing impressive resilience, having reclaimed the $100,000 mark after dipping to $96,463 over the past 24 hours. However, it's not just Bitcoin's price action that's catching the eye of crypto enthusiasts; the latest surge in whale activity has many wondering whether a bigger rally is in the works.
The crypto space has rallied around President-elect Donald Trump securing his second term in the White House, with bitcoin (BTC-USD) passing $100,000 for the first time, sending Wall Street's targets for the cryptocurrency higher. Yahoo Finance host Josh Lipton sits down with Brad Smith on Wealth to take a closer look at Trump's crypto team, specifically the incoming administration's "AI and crypto czar" David Sacks and Securities and Exchange Commission (SEC) chair nominee Paul Atkins.
Renowned economist Peter Schiff has made another bold statement against Bitcoin. Schiff stated that Joe Biden's government selling all the country's BTC holdings would be a good thing and further explained why such a move would benefit the US.
El Salvador is close to finalizing a $1.3 billion loan agreement with the International Monetary Fund (IMF), expected within two to three weeks. The deal is contingent on significant changes to the country's Bitcoin policy and measures to reduce its fiscal deficit, Financial Times reported, quoting sources.
Bitcoin's failure to hold $100,000 could attract profit booking from traders. Which altcoins will follow BTC's downtrend?
Riot Platforms, Inc. announced a proposed $500 million private offering of convertible senior notes to fund bitcoin acquisitions and corporate initiatives. Riot Announces $500 Million Private Note Offering Riot Platforms, Inc. (Nasdaq: RIOT), a bitcoin mining company, disclosed plans for a $500 million private offering of convertible senior notes due 2030.
Genius Group has significantly bolstered its Bitcoin treasury, acquiring 194 Bitcoin worth $18 million at an average price of $92,728 per Bitcoin.
El Salvador will soon reach a deal with the International Monetary Fund, per a report—but only by softening its Bitcoin law.
El Salvador, the first nation to adopt Bitcoin as legal tender, is preparing to scale back its cryptocurrency policies to secure a $1.3 billion loan agreement with the International Monetary Fund (IMF).
The agreement, if finalized, would force El Salvador to remove a mandatory payment requirement for BTC. The IMF has long voiced its disapproval of El Salvador's plan to use Bitcoin as legal currency.
Solana has dipped by 4% in the past 24 hours, yet analysts are setting huge targets for it for next year. The post Crypto Analysts Predict $420 for Solana – Is This the Rally of the Year? appeared first on Cryptonews.
El Salvador is on the verge of reaching a big financial agreement with the International Monetary Fund (IMF), with plans to finish a $1.3 billion loan program within the next two to three weeks. The country will change its use of Bitcoin (BTC) as legal tender and take steps to lower its government deficit.
Who would have thought we'd see Bitcoin shoot through the roof this quickly, soaring past $100K? As we move forward into 2025, the main question on our minds is, what lies ahead?