The 50-day moving average (50 MA) crossing above the 200 MA is known as a golden cross in trading, and it frequently causes traders to become slightly more excited than they should probably be. Golden crosses are typically used to indicate bullish momentum and a possible rally.
HKEX's new index series is the first in Hong Kong to align with EU financial standards.
Japan-based Metaplanet recently achieved a significant benchmark by pushing its Bitcoin holdings over 1,000 BTC. On Oct. 28, the company stated that it acquired 156.78 BTC at an investment of $10.4 million, raising its total Bitcoin stash to 1,018.17 BTC—currently valued at approximately $68.8 million.
At the Plan ₿ Forum, Tether CEO Paolo Ardoino revealed the company's extensive reserves, including $5.58 billion in Bitcoin, $3.87 billion in gold.
The high demand for Bitcoin by institutional investors led by BlackRock's IBIT, MicroStrategy, and Metaplanet has helped bolster the coin's bullish sentiment.
Hong Kong Exchanges and Clearing Ltd. announced that the “HKEX Virtual Asset Index Series” will go live on Nov. 15.
Spot Bitcoin ETFs have rallied to be powerhouse investment vehicles, accumulating 938,000 Bitcoin worth $63.3 billion in the first year of trading.
According to ETF analyst Nate Geraci, Bitcoin exchange-traded funds (ETFs) are now approaching 1 million Bitcoins in total holdings.
BTC's best years have been characterized by copper's outperformance relative to gold.
Billionaire venture capitalist Chamath Palihapitiya says Bitcoin (BTC) is cementing its role as the ultimate asset that protects investor capital against inflation. In a new episode of the All-In Podcast, the Social Capital CEO and early Bitcoin investor says BTC is positioned to usurp gold as the top inflation hedge.
Bitcoin's price movements often follow recognizable patterns across different cycles. This includes not just the bottoms of bear markets and peaks of bull markets around halving events, but also the reaccumulation phases that precede significant price increases. Popular analyst Rekt Capital opened up about these cycles in detail and what they mean for Bitcoin's future.
BlackRock set a new benchmark in Bitcoin holdings after it surpassed 400,000 BTC, which is valued at over $26 billion.
Tokyo-listed Metaplanet has increased its crypto holdings to over 1,000 BTC, continuing its recent spree of Bitcoin acquisitions. Japan‘s early-stage investment firm Metaplanet has raised its Bitcoin (BTC) holdings to over 1,000 BTC (approximately $67.
The announcement, made during Asia's early trading hours, has fueled an 8% rally in Metaplanet's stock as its Bitcoin holdings top 1,000.
The cryptocurrency market is in a steady position, with a modest rise of 0.52% over the past 24 hours to claim a $2.29 trillion market cap. The market sentiment displayed a neutral score of 54 on the Fear & Greed Index. Successively, the 24-hour trading volume rose by 4.26% to $49.81 billion.
As of now, Bitcoin remains above a crucial support level, maintaining a solid position on the price chart for larger time frames. The cryptocurrency is currently approaching major resistance in the short term while bouncing within a sideways price range.
Bitcoin price held steady at around $68,000 on Monday morning as global tensions eased following the mild Israeli retaliation against Iran and as odds of Donald Trump winning next week's general election rose. The coin has soared by almost 30% from its lowest level in September.
The Tokyo-listed firm said it invested $10.4 million more in bitcoin, bringing its total holdings to 1,018.17 million BTC ($68.8 million).
A new report from the Bitcoin Policy Institute suggests that Bitcoin could serve as a vital reserve asset for central banks. Economist Matthew Ferranti emphasizes that Bitcoins weak correlation with traditional assets and lack of counter-party risk make it an effective tool against inflation and geopolitical risks.
BlackRocks Bitcoin accumulation has hit a landmark 400,000 BTC, totaling $27 billion in holdings after a recent acquisition of 34,085 BTC. This massive position raises questions about how BlackRocks deepening crypto investments may reshape the market.
As Bitcoins dominance hovers close to 60%, crypto analyst Willy Woo warns altcoin seasons could lose their explosive edge. Woo suggests future cycles may see weaker returns, shifting the landscape for traders seeking high-risk gains beyond Bitcoin.
Spot Bitcoin ETFs will need to make an average of $301 million in net inflows per day to get it done this week.
After completing major fundraising through stock sales last week, Metaplanet Inc. (Tokyo: 3350) announced earlier today the acquisition of more Bitcoin (BTC). According to the announcement, Metaplanet purchased from the secondary market a total of 156.78 BTC, worth ¥1.6 billion at an average price of around ¥10.2 million per coin.
Tokyo-based early-stage investment firm Metaplanet now holds more than 1,000 Bitcoins.
You can click on this news section to read its content. It seems somehow there is no meta tag description available for this news article.
Asia's MicroStrategy Metaplanet has now become the biggest corporate holder of BTC in Asia while taking its Bitcoin holdings to more than 1,000 in the recent purchase. Earlier today, the company announced the purchase of 156 additional BTC for an investment value of $1.6 billion Japanese Yen.
The crypto prices today have sparked investor speculations globally, illustrating mixed actions. Bitcoin (BTC) price gained to rest at the $67K level today, whereas Ethereum (ETH) and XRP moved along the red territory.
Leading altcoins Cardano and Chainlink have entered new collaborations designed to expand the Bitcoin ecosystem and improve liquidity. With Cardano offering direct access to Bitcoin liquidity through a partnership with BitcoinOS, and Chainlink integrating oracle services to enhance Bitcoin's functionality via Spiderchain, these initiatives promise to significantly impact the evolving blockchain landscape.
Will BTC benefit as predictions sites show higher chances of Trump winning US elections?
After gaining more than 7 percent since the beginning of October, Bitcoin (BTC) price is about to kickstart the next leg of the bullish wave.
Bitcoin (BTC) maintains its position above $67,000 despite a brief dip to the $65,000 range during the week. BTC currently trades around the $67,000 level, and major altcoins, such as Ethereum, Solana, Ripple, Polkadot, and Dogecoins, have experienced volatile trading weeks.
Pennsylvania has made headlines recently by passing the Bitcoin Rights Bill, officially known as House Bill 2481. This legislation marks a significant step forward in securing the rights of residents to manage their digital assets independently, reflecting a growing recognition of cryptocurrency's role in modern finance.
Bitcoin price is attempting a fresh increase above the $67,000 zone. BTC could gain pace if it clears the $68,750 resistance zone.
Pennsylvania is making significant strides in the cryptocurrency arena with the recent passage of a bipartisan bill aimed at clarifying the state's position on digital assets, particularly Bitcoin. Known as House Bill 2481, or the “Bitcoin Rights Bill,” this legislation is a pivotal move toward protecting the rights of residents to self-custody their digital assets and enabling the use of Bitcoin as a valid payment method.
With the presidential election just a week away, MicroStrategy founder Michael Saylor turned up the political heat a few notches higher, asking who between Donald Trump and Kamala Harris would be better for Bitcoin (CRYPTO: BTC). What Happened: Saylor, a known Bitcoin evangelist, has been vocal about the cryptocurrency's growing influence in political discourse.
Tether Reserve Breakdown includes $9.45B in BTC, gold, and U.S. Treasuries.
Leading cryptocurrencies inched higher on Sunday as oil prices tumbled after Israel's attack on Iran avoided hitting the country's oil infrastructure.
MicroStrategy, the business intelligence firm known for its substantial Bitcoin holdings, has seen its stock price surge by 7.8% in the last 24 hours, hitting an impressive $236.12. This remarkable increase coincides with a significant rise in Bitcoin's value, which has jumped nearly 20% over the past two months, currently trading at around $68,000.
An economist has argued that bitcoin is a reserve asset similar to gold, noting that some central banks might consider adding it to their reserves.
Standard Chartered forecasts bitcoin reaching $73,000 on Nov. 5, U.S. Election Day, with a potential year-end high of $125,000 if Republicans sweep Congress.
Tether CEO Paolo Ardoino recently disclosed that the company holds a significant amount of Bitcoin and gold as reserve assets for its USDT stablecoin.
A significant technical event occurred recently for Bitcoin: a crossover between the 50-day and 100-day Exponential Moving Averages (EMAs). Despite not being the well-known golden cross — a 50-day crossing of the 200-day EMA — this crossover is nonetheless significant.
Ethereum and Solana's hold on DeFi is about to end, well, at least according to Cardano's Charles Hoskinson. In a Twitter/X post on October 25th, the Cardano co-founder claimed that decentralized finance is coming to Bitcoin, and it's going to be bigger than Ethereum and Solana.
The cryptocurrency market has been buzzing lately, especially with the latest data revealing a noteworthy influx of funds into Bitcoin spot exchange-traded funds (ETFs). On October 24, the market recorded a staggering net inflow of $188 million, with BlackRock's IBIT ETF contributing an impressive $166 million.
Tether CEO Paolo Ardoino has disclosed that the company holds more than 82,000 Bitcoin and 48 tonnes of gold in its reserves. Ardoino disclosed this on X while clarifying comments about Tether USDT reserves.
Bit Digital is strategically navigating the post-halving era, opting for HPC opportunities instead of expanding hash rate at any cost.
Michael Saylor's MicroStrategy is back in the news, with its stock trading at a 25-year high. TradingView's recent data shows that MicroStrategy (MSTR) hit $235.89 in Thursday's session.