As Bitcoin (CRYPTO: BTC) rapidly approaches the $100,000 milestone, experts tell Benzinga its dominance is about to hit a crucial turning point. They attribute this rise to record-breaking trading volumes, increasing institutional adoption and a shift in investor focus toward Bitcoin as a quality asset.
Though BTC has received the most attention with its march toward $100,000, other coins and tokens have also been moving, and Solana (SOL) has even managed to reach a new all-time high (ATH) in market capitalization earlier in the week.
A closely followed crypto analyst believes that Ethereum (ETH) is potentially on the verge of plummeting against Bitcoin (BTC). Pseudonymous analyst Altcoin Sherpa tells his 230,400 followers on the social media platform X that the low for Ethereum in its Bitcoin pair (ETH/BTC) may not yet be in as the flagship digital asset nears $100,000.
Bitcoin, the world's largest cryptocurrency, is approaching a milestone that only the most bullish of analysts predicted to see in 2024. The digital currency flew above $99,400 overnight, coming within a whisker of $100,000 for the first time in history.
The crypto-focused asset manager Bitwise took an initial step toward launching a SOL ETF yesterday when it registered a statutory trust in Delaware. Bitwise becomes the fourth firm to show interest in a spot SOL ETF following earlier filings from VanEck, 21Shares and Canary Capital.
This week, we examine Ripple, Cardano, Optimism, Solana, and Dogecoin in greater detail. Ripple (XRP) XRP just had one of the best months in years, and its price increased by 74% this week alone, bringing it close to $1.5.
TL;DR Solana (SOL) reached a new all-time high of $263.70 on November 22, 2024, marking a significant recovery from its low of just above $10 in December 2022.
Bitcoin's jump to $99,180 has turned heads, and Peter Schiff thinks MicroStrategy played a big role. The company, known for buying huge amounts of Bitcoin, recently raised $3 billion through convertible debt to add even more to its holdings. This move not only pushed Bitcoin's price higher but also increased MicroStrategy's stock value.
Michael Saylor's company continues its aggressive bitcoin accumulation strategy with a new major fundraising, even as its stock is undergoing a brutal correction in the markets.
After a sharp decline on Thursday, MicroStrategy Inc. (NASDAQ:MSTR) is showing signs of recovery in pre-market trading on Friday. What Happened: MicroStrategy experienced a 2.73% increase in pre-market trading early Friday morning, following a significant 16% drop on Thursday, according to Benzinga Pro on Friday.
As the price of Bitcoin approaches $100,000, Blackrock and Fidelity ETFs gobbled up the vast majority of the new capital.
Bitcoin has so far continued to level up in terms of price performance, hitting new highs consistently for the past week. As a result of this, investors seem to be curious about whether it's time to secure profits or stay bullish for the next leg of the cycle.
As investors diversify their portfolios and look for opportunities elsewhere, Bitcoin's ability to maintain its position could be tested.
Chinese crypto owners just got a huge break following a new court ruling that states that holding crypto is not illegal. A judge at a Shanghai court has clarified that individual ownership of cryptocurrencies does not break any Chinese law.
In a recent interview, Senator Cynthia Lummis said that accumulating more Bitcoin could help cut the US Debt by half in 20 years, sparking market optimism. Notably, Lummis has been a vocal supporter of BTC, which has gained significant attention from the crypto market participants lately.
A user tried to generate a bot to snipe meme coins on Pump.fun. The code contained commands to send out Solana wallet private keys, draining wallets almost immediately after exposure.
Prominent crypto analyst and CEO of CryptoQuant Ki Young Ju recently shared an interesting perspective on the price movement of Bitcoin (BTC). As the price of Bitcoin surpassed the $100,000 mark on the Chicago Mercantile Exchange platform, many began to discuss where the ceiling is for the price of the market's largest cryptocurrency.
The Texas state-issued digital currency is projected to encourage skeptical investors to eventually try out Bitcoin one day.
As of November 22nd, Bitcoin has surged by over 10% this week, smashing its previous records to hit a staggering all-time high of $99,229 before stabilizing above $98,800. Investors and enthusiasts are now watching closely as the leading cryptocurrency inches closer to the psychological milestone of $100,000.
The latest filings for Solana ETFs coincide with SEC Chair's decision to step down.
On this day two years ago, Bitcoin suffered a huge drop, falling below $16,000. The crash was a moment of uncertainty for many investors, but for those who saw an opportunity, it has paid off handsomely.
Bitcoin (BTC) is nearing the long-awaited psychological level of $100,000 (or $100k) per coin, bringing mixed feelings among analysts. While some are dominated by pure euphoria, eyeing the next round target for BTC price, others show disbelief or caution.
MicroStrategy has completed its offering of 0% convertible senior notes. The company states the net proceeds from the offering will be used to purchase more Bitcoin.
A look at the day ahead in U.S. and global markets from Mike Dolan
These filings were made with CBOE, a Chicago-based options exchange, which is known for helping investors buy and sell different financial products. The four funds making the move are: Vaneck US, 21 Shares, Bitwise Invest, and Canary Funds.
BTC peaked at $99,500, but can it go any further?
On November 22, Solana (SOL) reached a new all-time high of $264.31, marking impressive resilience two years after the collapse of FTX! This 11% increase in 24 hours reflects renewed investor confidence in the Solana crypto ecosystem.
As anticipated, November did, in fact, repeat itself three years apart as Solana (SOL) hit a new all-time high above $260. But will it be SOL's last ATH?
The $2.86 billion Bitcoin options expiry could trigger short-term volatility, particularly as traders anticipate Bitcoin reaching the $100,000 mark.
TL;DR Bitcoin (BTC) is nearing the $100,000 mark, currently trading at approximately $98,000, driven by favorable market conditions and significant developments within the cryptocurrency space. Ripple (XRP) has surged by 70.82% in the past week, reaching a three-year high of $1.40, following the resignation of SEC Chairman Gary Gensler.
Spot Bitcoin ETFs in the U.S. witness $1 billion in daily net inflows as Bitcoin's price hovers just above the $99,000 mark.
Bitwise has become the fourth company to file for a Solana ETF in the United States, joining Canary Capital, VanEck, and 21Shares in the race to launch the first such product amid changing political leadership and regulatory expectations.
Story Highlights The live price of the Bitcoin token is Bitcoin's price may reach $100k if the bullish sentiment is sustained. BTC price is expected to make a meteoric rise toward $347,782 by 2030. The cryptocurrency market has achieved a new milestone by achieving the $3.3 Trillion mark as Donald Trump endorses Bitcoin.
As Bitcoin inches toward the $100,000 mark, MicroStrategy's stock has experienced notable volatility. MSTR shares closed at $397.28 on Thursday, marking a sharp 25% decline from its all-time high of $536.70.
This ETP would directly hold SOL, the native token of the Solana blockchain. This will give investors a new way to invest in this crypto.
Dollar soars, euro and pound stumble on weak data and dovish central bank bets. Can Bitcoin's rise to $100K redefine market dynamics?
Through most of November, Bitcoin (BTC) has been moving towards the long-predicted $100,000 price target – sometimes making rapid daily leaps, sometimes inching upward ever so slowly.
Bitcoin price rallied to a new all-time high of about $99.5K earlier today catalyzed by ongoing institutional FOMO.
XRP and Cardano lead an altcoin surge as Bitcoin consolidates, signaling a redistribution of profits and market focus.
It seems that the price of BTC really wants to try to break through the now very famous wall of 100,000 USD.
As Bitcoin ($BTC) approaches $100,000, Gary Gensler, chairman of the SEC, and long time opposer of all things crypto, has decided to step down when Donald Trump takes over the U.S. presidency in January. Is operation Chokepoint 2.0 finally at an end?
Solana Price, a Layer 1 blockchain, has witnessed significant price volatility throughout November, capturing the attention of investors. Following a consistent bullish trend, SOL recently experienced a notable price surge, reflecting growing market confidence in its ecosystem.
Texas lawmakers begin early-stage discussions about potential Bitcoin strategic reserve legislation, following similar initiatives in Pennsylvania and at the federal level.
Analyst and trader Ali Martinez is leaning bullish on one large-cap crypto asset while offering his insight on Bitcoin (BTC) and two altcoins.
Bitcoin's push toward $100K following Trump's election victory sparks debate over the digital currency's next major move.
The broader crypto ecosystem is soaring to new highs, with the combined market cap now at a record $3.4 billion. XRP joined this uptrend with its price crossing its three-year high as it soared above $1.42 overnight.
SOL reached a new all-time high of $263 more than three years after it last peaked, according to data from CoinGecko.
The return of Donald Trump to the White House could mark a historic turning point for Bitcoin. The proposal for a national strategic reserve of Bitcoin, pushed by Republican legislators, is gaining credibility with Trump's victory in the 2024 presidential election.