With the U.S. election approaching, JPMorgan analysts predict that a Donald Trump victory could further strengthen momentum for bitcoin.
MicroStrategy has unveiled a bold three-year plan to raise $42 billion in capital aimed at expanding its Bitcoin holdings significantly, according to an Oct. 30 statement.
MicroStrategy, the biggest company holder of Bitcoin, recently shared its Q3 2024 financial results, showing its commitment to Bitcoin and digital growth as the main strategies to increase shareholder value. Here's a breakdown of MicroStrategy's earnings and plans for future growth.
Bitcoin has been trading in a tight 4-hour range between $71,300 and $73,300 since Tuesday, setting the stage for a significant move in the coming days. Analysts and investors closely watch this range as BTC inches closer to its all-time high (ATH).
Could U.S. spot Bitcoin ETFs soon hold more BTC than Satoshi Nakamoto's holdings?
ETFs are rolling once gain, analysts see it as a fresh start after a recent dip. BlackRock's iShares Bitcoin Trust ETF (IBIT) achieved an unprecedented milestone, drawing a staggering $875 million in fresh investments on Wednesday.
Yes, Bitcoin was first proposed via Satoshi's white paper on October 31, 2008, but that doesn't mean today is Bitcoin's birthday.
Lottie Player was used to spread malicious wallet drainer links. The widely used library was infected with malicious versions, after someone used a compromised developer key for publication rights to NPM.
Strong net flows into bitcoin exchange-traded funds indicate robust institutional demand as BTC dominance rise further at the expense of ether, one trader noted.
MicroStrategy has announced a three-year plan to raise $42 billion through equal parts equity and debt to purchase Bitcoin, building on its existing holdings of 252,220 bitcoins currently valued at $18 billion.
Bitcoin price will likely end October in a bullish narrative, which will extend in the remaining weeks of 2024 amid high-impact news ahead.
The metric is above 60% on TradingView and at 56.5% on CoinGecko.
U.S. spot Bitcoin exchange-traded funds (ETFs) recorded an impressive $479.35 million in net inflows on Monday, October 28, 2024. This surge marks the highest daily inflows since October 14 and reflects growing investor interest in Bitcoin amid a backdrop of rising prices.
In a bold but unsurprising move, MicroStrategy Inc. (NASDAQ:MSTR) CEO Michael Saylor said the company would advocate for Bitcoin (CRYPTO: BTC) as a treasury reserve asset across global finance. What Happened: During the company's third-quarter earnings call Tuesday, Saylor voiced his conviction in Bitcoin's potential to rectify the unhealthy balance sheets of both public and private enterprises.
MicroStrategy has announced a record three-year plan to raise as much as $42 billion to purchase more Bitcoin—among the most ambitious institutional cryptocurrency investment plans to date.
In the U.S., the season of corporate earnings reports for the third quarter continues, which means we can receive some information about the crypto market from companies like Coinbase, the leading crypto exchange out there. The information is interesting, especially when it comes to Bitcoin and Ethereum, two of the biggest assets on the crypto market.
BlackRock's spot Bitcoin ETF, IBIT, set a record on Oct. 30, with the largest single-day inflow of $875 million since its inception in January.
Bitcoin ETFs are making traders nervous due to their history of marking BTC price local tops in 2024.
The Bitcoin price saw strong gains over the past week adding another 8-9% and is currently trading around $72,200 levels. Also, charts showing the “Golden cross” formation suggest that we might be seeing news all-time highs for BTC very soon.
Bitcoin is stretching gains, looking at price action in the past few trading days. At spot rates, buyers are “hungry” and aiming not only to confirm the rally of the past two days but also to close above March 2024 highs of around $74,000.
BlackRock has upped the ante, going from $315 million on Monday, $640 million on Tuesday to $870 million yesterday.
Coinbase Global Inc. (NASDAQ:COIN) said it wants to expand its cryptocurrency investment portfolio and emphasized that assets held on its books, including Bitcoin (CRYPTO: BTC), are intended to be retained for the long term What Happened: During the company's third-quarter 2024 earnings call, the management was asked whether they would pursue a reserve strategy akin to MicroStrategy, a Bitcoin investment company, with over $18 billion worth of the asset on its balance sheet.
Bitcoin price forecast as Scaramucci sees $170K BTC by 2026, while MicroStrategy's $42B BTC buy plan may boost demand. Explore key insights driving BTC's outlook. The post Bitcoin Price Analysis: Scaramucci's $170K BTC Call & MicroStrategy's $42B Boost Potential appeared first on Cryptonews.
Whether the announcement brings clarity or further mystery, the industry awaits what could be a groundbreaking revelation.
Spot Bitcoin ETFs in the U.S. saw an impressive $893.21 million in net inflows on Wednesday, marking the second-highest total on record. The post Bitcoin Spot ETFs See Historic Net Inflow of $893M, Second Only to March Record appeared first on Cryptonews.
Recent insights from prominent crypto analyst Dark Defender shed light on a significant pattern that could dictate the future of XRP's price movements. Understanding the dynamics between Bitcoin dominance and XRP's performance may be the key to predicting the next bull run for this altcoin.
In a recent social media post, Robert Kiyosaki, the author of "Rich Dad, Poor Dad," has stated that he loves Bitcoin because it helps him to "grow richer."
MicroStrategy plans a $42 billion Bitcoin investment via its “21/21 Plan,” but declining revenues and a premium-heavy valuation suggest buying Bitcoin over MSTR stock could be a smarter approach.
In an unexpected announcement, PR agency London Live claims it will reveal the identity of Bitcoin's mysterious creator, Satoshi Nakamoto, at a live press conference on October 31 at London's Frontline Club.
It is called “21/21 plan” and will last three years.
On October 30, MicroStrategy Inc. (Nasdaq: MSTR) released its Q3 2024 financial results, highlighting both its latest Bitcoin acquisition strategy and challenges within its software business. The company, known for its substantial Bitcoin holdings, announced a three-year “21/21 Plan” to raise $42 billion—$21 billion in equity and $21 billion in fixed-income securities.
A top crypto analyst known for predicting the May 2021 Bitcoin collapse believes BTC could hit six-figures this market cycle. The pseudonymous trader known as Dave the Wave tells his 146,800 followers on the social media platform X that the Elliott Wave theory indicates Bitcoin may soar by 160%.
MicroStrategy shared an ambitious "21/21 plan" to raise $42 billion by 2027 for more Bitcoin acquisitions.
Cardano's recent price action shows prolonged consolidation, with ADA hovering between $0.37 and $0.33 for over a month. Despite a few upward moves, ADA has struggled to generate any sustained bullish momentum, and as it increasingly decouples from Bitcoin, concerns arise.
MicroStrategy, the largest corporate holder of Bitcoin, has announced an ambitious plan to raise $42 billion over the next three years to boost its Bitcoin reserves. The plan dubbed the “21/21 Plan,” was outlined during the company's Q3 2024 earnings call, to raise $21 billion through equity and another $21 billion through fixed-income securities.
On Oct. 30, BlackRock's spot Bitcoin ETF recorded its highest single-day inflow since its January launch, contributing to the ongoing six-day inflow streak across the 12 Bitcoin ETFs.
The cryptocurrency market has taken a step back, with the market cap decreasing by 0.46% to $2.42 trillion over the last 24 hours. Amid the pullback, the trading volume also dipped by 15.93%, taking the numbers to $87.31 billion.
Coinshares' Q3 mining report, led by researcher James Butterfill, highlights mounting costs and challenges impacting the bitcoin mining industry in 2024.
Bitcoin is back above $72,000, hitting this level for the first time since its all-time high as Uptober's rally finally takes off. Spot Bitcoin ETFs are seeing huge interest, with $893 million flowing in, making the second-largest inflow since January..
In a shocking announcement for the crypto market, MicroStrategy, the largest publicly traded institutional holder of Bitcoin, plans to raise a colossal $42 billion over three years to expand its already substantial portfolio.
BlackRock's iShares Bitcoin Trust ETF attracted $875 million in fresh money on Wednesday.
Bitcoin on-chain activity is gaining momentum as a CryptoQuant analyst, known as ‘Yonsei Dent,' recently pointed to a potential golden cross within the active addresses metric. This indicator tracks the number of unique addresses engaging with the Bitcoin network, providing insights into the network's overall activity, investor involvement, and possible market directions.
Russia's plan to build out Bitcoin mining in other countries could inspire other nations to do the same domestically.
Shiba Inu price breakout is still in play after the U.S. spot Bitcoin ETFs surpassed the milestone of holding over 1 million BTC. The implications for the broader crypto market, including Shiba Inu, are profound.
BlackRock's IBIT reported $872 million in net inflows on Wednesday, its largest since launch and surpassing its previous peak in March.
At least one individual has lost 10 BTC after unknowingly signing a phishing transaction linked to the breach.
Arthur Hayes, co-founder of BitMEX, has recently shared insights suggesting that China's plans for quantitative easing (QE) and economic stimulus could significantly benefit Bitcoin (BTC). As China grapples with economic challenges, including a faltering property market, Hayes believes that the influx of cash into the economy will prompt more people to seek inflation-resistant assets like Bitcoin.