The bulk of Reddit's cryptocurrency sales came from Bitcoin and Ether holdings, with the company reporting that gains from transactions were insignificant.
The company will use $21 billion of equity and $21 billion of fixed income securities to buy more Bitcoin.
The company will use $21 billion of equity and $21 billion of fixed income securities to buy more Bitcoin.
MicroStrategy has upped the ante with it announcing in a filing with the Securities and Exchanges Commission (SEC) a $42 billion capital plan.
The entire cryptocurrency market is currently facing the weight of bearish pressure, particularly affecting the XRP price. As sellers dominate the market space, many XRP investors are seeking alternative opportunities to grow their portfolios.
MicroStrategy's "21/21 Plan" targets $42 billion in capital over the next three years and aims to support further acquisitions of bitcoin.
Bitcoin has recently broken past the $71,000 level, fueling renewed enthusiasm among bullish investors. Analysts are optimistic, citing strong indicators that suggest Bitcoin could be on the verge of a new all-time high (ATH).
Experts see Microsoft's consideration of investing in bitcoin as a sign of growing acceptance among public companies to use cryptocurrency as a diversification strategy to maintain market dominance and protect shareholder value.
American software company, MicroStrategy has undoubtedly become one of the most Bitcoin (BTC) bullish firms
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Ethereum (ETH), the second-largest cryptocurrency by market capitalization, is displaying bullish signals that suggest a potential upside rally. Recent trends indicate a substantial amount of ETH has been withdrawn from exchanges, coupled with favorable on-chain metrics that could set the stage for significant price movements.
Ripple's recent price action reflects a cautious market, with a temporary rebound from the critical $0.5 support zone toward the 200-day moving average. However, a rejection at this level could solidify the ongoing bearish trend.
According to Nate Geraci, co-founder of The ETF Institute, the U.S. Securities and Exchange Commission has "formally acknowledged" Grayscale's filing to convert the Grayscale Digital Large Cap Fund (GDLC) into an exchange-traded fund.
Spot bitcoin ETF's saw $870 million worth of inflows as BTC approaches a record high. Plus, insights on sentiment around the largest token by market cap as daily OTC desks drop to year lows.
Bitcoin's price is on the verge of creating a new all-time high following the significant rally in the past few days. However, the asset has faced some initial resistance and is yet to break above the March peak.
Cryptocurrency markets are trading relatively flat after Bitcoin's run above $71,000. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $71,930.79 -1% Ethereum (CRYPTO: ETH) $2,662.75 -1.3% Solana (CRYPTO: SOL) $174.39 -2.3% Dogecoin (CRYPTO: DOGE) $0.1684 -1.4% Shiba Inu (CRYPTO: SHIB) $0.00001844 -2.3% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 57.6% and daily active addresses growing by 7.8%.
Larsen believes Harris' potential cabinet will have a much different approach to crypto than Biden's.
ETF analyst anticipates substantial Bitcoin inflows continuing this week.
Florida's Chief Financial Officer, Jimmy Patronis, has formally requested that the state's pension fund managers explore the feasibility of investing in Bitcoin, positioning the state to potentially adopt BTC as a strategic reserve asset.
Business intelligence firm MicroStrategy has announced that it plans to raise a whopping $42 billion over the next three years in order to purchase more Bitcoin.
Since Ripple XRP's price action is of major concern across the crypto community, things are not that rosy based on the liquidation heatmap.
Bitcoin's recent rally has lead to double digit gains for top meme coins.
In an exciting turn of events for cryptocurrency enthusiasts, the Ethereum price has briefly touched the $2,700 mark. This resurgence is particularly noteworthy given the broader market dynamics and the strong performance of Bitcoin (BTC), which is nearing its all-time high of $73,794. As BTC rallied by over 8.
Bitcoin fell short of its all-time high, but multiple Bitcoin price metrics show BTC price on target to hit new all-time highs
Bitcoin (BTC) has led crypto market gains this month, trading in line with on-chain projections. Data shows several technical indicators tilting toward a full-scale uphill run for the asset.
As the US presidential election approaches, former President Donald Trump's odds on crypto betting platforms like Polymarket have surged, with analysts predicting significant implications for Bitcoin prices if he secures a second term in the Oval Office. However, market expert Patrick H.
A handful of Bitcoin traders have projected new all-time highs for the asset as it crossed a significant milestone. Whales and other bulls are setting the tone for a massive surge in the coming weeks.
The cryptocurrency market is opening the week with a surge of optimism as Bitcoin (BTC) grapples with its ongoing struggle to breach the critical $70,000 resistance. This situation is not just a challenge for Bitcoin; it's fostering a bullish atmosphere across the entire market.
As bitcoin's price nears its all-time high, the network's hashrate is hitting impressive heights once again this year. Bitcoin's Computational Power Climbs to New Highs—Will the Trend Continue? Following the trajectory of BTC's rising value against a variety of fiat currencies, including the U.S. dollar, bitcoin's network hashrate is soaring. At 11:30 a.m.
Spot Bitcoin (BTC) exchange-traded funds (ETFs) have performed well in recent weeks, with consecutive inflows attributed to the recent surge in Bitcoin prices. At press time, these ETFs had $72.55 billion in net assets, equivalent to 5% of Bitcoin's total market capitalization.
While the market is experiencing a resurgence, Ripple's cryptocurrency unfortunately stands out due to significant stagnation. If the soaring prices of Bitcoin and other altcoins invigorate traders' enthusiasm, XRP seems unable to keep up with the trend.
A crypto analyst has made a bold prediction about the XRP price, highlighting that an explosive rise above $3 is not a matter of if but when. While XRP's slow price growth over the years has tested the patience of many investors, the analyst is confident that the cryptocurrency's fundamentals and market dynamics are aligning for a significant upward movement.
Bitcoin is still holding on to gains suggesting strong bullish sentiment remains after its recent breakout.
The first public testnet for =nil; protocol, an Ethereum layer-2 that uses zero-knowledge sharding, is now live. =nil; Foundation announced the testnet v1 on Oct.
The following article is adapted from The Block's newsletter, The Daily, which comes out on weekday afternoons.
Anthony Scaramucci, founder of SkyBridge Capital, recently stated that Bitcoin is still "very early."
The wider crypto market has been abuzz following Bitcoin's recent impressive performance, which has resulted in the premier crypto getting precariously close to revisiting its current all-time high price.
Ethereum has been lagging Bitcoin's rally by 50%. A break below $2121 targets $700-1000.
The latest filing with the SEC has revealed that Reddit has sold the majority of its cryptocurrency portfolio during the third quarter, offloading Bitcoin and Ethereum once held “for treasury purposes.” JUST IN: Reddit sold the majority of its #Bitcoin before BTC started pumping in October — SEC filing pic.twitter.
The Japanese investment firm Metaplanet now holds more than $168 million worth of Bitcoin after a recent BTC purchase. The firm began accumulating the top crypto asset by market cap after it announced a shift in its treasury management strategy earlier this year, purchasing a total of 156.78 BTC over the weekend.
Some $350 million notional value of November call options traded on CME with a breakeven bitcoin price of nearly $80,000, anticipating a rally next month, one analyst noted.
Extreme greed grips the crypto market as Bitcoin dominance soars, but savvy investors recognize this as the calm before the altcoin storm.
Bitcoin's shallow pullback shows buyers are not rushing to the exit and increases the likelihood of a rebound to new all-time highs. Will altcoins follow?
XRP price has maintained its position as one of the standout performers in the cryptocurrency market this year, even amid minor pullbacks. As November approaches, investor interest in XRP is growing, fueled by various factors hinting a potential price surge.
Bitwise Chief Investment Officer Matt Hougan on Wednesday expressed optimism about Bitcoin's (CRYPTO: BTC) future, predicting it could surpass the $100,000 mark in 2025. What Happened: In an interview with Yahoo Finance, Hougan cited rising institutional adoption and increasing ETF flows as primary catalysts.
A post on X by Alexander Leishman, the CEO of brokerage firm River suggests that top technology firm Microsoft Corp (MSFT) has commenced voting on Bitcoin (BTC) investment proposal. The River executive shared a screenshot of a poll which asked viewers' opinion of a proposal to invest in the top coin.
Following its recent deposit into Binance, Bhutan now holds nearly $891 million worth of bitcoin.
Ripple's XRP token, which has been the subject of a multi-year legal battle with the SEC, didn't benefit from the recent surge in crypto prices boosted by the US elections expectations.