SHIB burn rate jumps 5545% overnight! Will rising burns and new Binance tools drive prices up?

Bitcoin continues to defy bearish predictions, trading above the crucial $95,000 level and gaining over 3% in the last 24 hours. While the cryptocurrency market is known for its volatility, Bitcoin's resilience today is a testament to the factors supporting its bullish momentum.

Top American Bitcoin miner Marathon Digital (renamed to MARA) has added an additional 6,474 Bitcoin worth roughly $615 million through its recent 0% $1 billion convertible notes offering. The Bitcoin mining giant has set aside $160 million in remaining proceeds to buy more of the leading cryptocurrency at market dips.

Bitcoin (BTC) continues to face resistance at the psychologically important $100,000 threshold, and there has been a shift in investor focus from BTC to altcoins. Notably, tokens that rallied in the 2021 bull run and metaverse tokens like Decentraland (MANA) and Sandbox (SAND) have witnessed a resurgence in trade volume across centralized exchanges like Upbit.

The parliament of the Swiss canton of Bern has passed legislation to study Bitcoin mining, according to Samuel Kullmann, a Bitcoin-friendly member of the right-wing populist Federal Democratic Union of Switzerland (EDU) party.

Embattled crypto lending platform Celsius is announcing a plan to distribute hundreds of millions of dollars worth of Bitcoin (BTC) and cash to its creditors.

Metaplanet announced today that it will be issuing its Moving Strike Stock Acquisition Rights. The business will strengthen its position as Asia's first Bitcoin Treasury Company.

MARA grows BTC holdings to 34,797 BTC, valued at $3.3B, following a $1B convertible note offering and 6,474 BTC purchases in November

MicroStrategy, once hailed as a trailblazer for its audacious Bitcoin (BTC) investment strategy, is now under the microscope after a dramatic $30 billion loss in market capitalization within four days. This steep decline, triggered by Bitcoin's price correction, has reignited debates about the risks of the company's heavily leveraged crypto-centric approach.

A closely followed crypto analyst says he believes Bitcoin (BTC) may be on the verge of a Thanksgiving breakout. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 91,000 followers that Bitcoin may surge by nearly 4% during the holiday.

Bitcoin today celebrates the 12th anniversary of its first halving, a historic event that halved miners' rewards from 50 to 25 BTC per block. This date marks the beginning of a series of transformations that have shaped the economy of Satoshi Nakamoto's invention, now valued at over 95,000 dollars.

Amid ongoing price consolidation, whales appear to be making big bets on Shiba Inu (SHIB), the second-largest cryptocurrency by market cap. Over the past two weeks, SHIB has been consolidating within a tight range between $0.00002287 and $0.00002644. Whales and Institutions Strong Action During this range, whales and institutions have accumulated a substantial 5.

BlackRock's increased investment in IBIT highlights growing institutional confidence in Bitcoin, potentially influencing broader market dynamics. The post BlackRock holds $78 million in IBIT shares across two investment funds, new filings reveal appeared first on Crypto Briefing.

Investors ramping up their appetite for bitcoin could lead the crypto to soar 136% in the coming years, one analyst says.

Metaplanet, a Japanese investment firm, has announced plans to raise $62 million by issuing stock acquisition rights to EVO Fund. The raised funds will be allocated to buying more Bitcoin for its treasury management.

In a recent interview with Indian media outlet Money Control, billionaire Tim Draper said that Bitcoin, the leading cryptocurrency, is still "cheap" despite recently approaching the $100,000 level.

Microsoft placed an "assessment in investing in bitcoin" as a shareholder voting item on the agenda for its annual meeting on Dec. 10.

As Bitcoin is regaining significant upward strength, a notable trend has been spotted among long-term holders as indicated by a huge drop in the average age of wallets holding BTC. The trend demonstrates shifting market dynamics, prompting the modification of positions by retail and institutional players in anticipation of future price fluctuations.

Bitcoin's path to $100,000 is supported by strong institutional interest, macroeconomic trends, and miner confidence.

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Amidst the recent bull run, whilst other cryptocurrencies have displayed impressive surge in recent weeks, the price of Shiba Inu has been discouraging. SHIB recorded only 35% gains in the last four weeks. However, Dogecoin has surged by 143% during the same period, and PEPE saw an impressive 105% monthly gains.

Ethereum blockchain co-founder Charles Hoskinson has predicted that Bitcoin could soar as high as $500,000 within the next two years, according to a new video posted this week by the Cardano founder. Hoskinson's commentary comes shortly after Satoshi Nakamoto-created nearly soared past $100,000 in value just last week. The post ETH Co-Founder Charles Hoskinson Predicts Bitcoin Could Hit $500,000 Within 2 Years appeared first on Cryptonews.

Key Points of the News: TON Teleport BTC launches its white paper and activates its testnet, marking a key step toward integrating Bitcoin into The Open Network ecosystem. This decentralized bridge enables secure Bitcoin transfers through smart contracts, ensuring interoperability and autonomy for users.

The incoming Trump administration is reportedly planning to grant the Commodity Futures Trading Commission (CFTC) greater regulatory control over Bitcoin (BTC) and Ethereum (ETH) spot markets, potentially reducing the Securities and Exchange Commission's (SEC) role. This move aims to clarify regulatory responsibilities and reduce enforcement-driven approaches, fostering a more innovation-friendly environment in the United States crypto market.

Bitcoins plunge to $90,000, followed by a recovery to $95,719, has sparked attention from analysts. They cite reduced profit-taking by long-term holders as the key factor behind the correction, possibly signaling that Bitcoin has already reached a local bottom.

The digital assets landscape saw bullish actions today, with the global crypto market cap surging 1.78% to $3.32 trillion. The upside came as Bitcoin rebounded to a daily high of $97,357 early today. BTC changes hands at $95,650 at press time as enthusiasts await the highly sought-after $100,000 milestone.

Bitcoin is at a critical juncture, where it can move in either direction. However, an upward movement is more likely.

Thanksgiving is a fascinating period for bitcoin (BTC), often showcasing wild price swings and headline-grabbing moments. Feast or Famine in 2024? Bitcoin's Thanksgiving History Leaves Investors Guessing Over the last five years, bitcoin's holiday behavior has piqued the curiosity of investors and analysts.

The meme-inspired cryptocurrency Shiba Inu has seen its daily burn rate soar last month by over 24,000% to 270.7 million tokens as the price of the cryptocurrency soared around 35.1% over the last 30 days. According to data from Shiba Inu burn rate tracker Shibburn a total of 270.

Key Points:

Miners face a 50% block reward cut since April, with daily bitcoin mining capped at 450 coins.

Chris Burniske, a prominent voice in the crypto space and partner at Placeholder VC, dismissed the idea of a Bitcoin (CRYPTO: BTC) "supercycle," labeling it a “collective delusion.” What Happened: In a detailed thread on X on Wednesday, Burniske warned investors against the belief that Bitcoin's bull markets will eliminate future bear markets, despite new factors such as Bitcoin exchange-traded funds (ETFs) and potential sovereign adoption.

Metaplanet's stock surged 6.5% after announcing a $62 million fundraising to acquire more Bitcoins, extending its year-long rally.

Bitcoin futures open interest has risen sharply, signaling increased trading activity and market speculation, following Trump's win.

In a research note titled “Bitcoin's Road to $100K – Tear Down This Wall,” Alex Thorn, Head of Firmwide Research at Galaxy Digital, provides an analysis of Bitcoin's recent performance and the factors influencing its trajectory toward the $100,000 milestone.

Shibarium is making waves in the DeFi industry. Data from DeFiLlama shows that Shibarium's DeFi TVL has soared to $3.76 million, marking its highest level in 30 days.

The country's office of the Advisory Committee on business appointments approved Baker's bid to join Axiom as a paid advisor.

Bitcoin price returned to the psychological $95k mark on Tuesday, raising hopes that it could touch $100k. But what are the odds?

The TON Teleport BTC white paper introduces a trustless bridge allowing secure Bitcoin transfers between the Bitcoin and TON blockchains.

Bitcoin recently saw a 9% retrace from its all-time high of $99,800, narrowly missing the psychological $100K milestone. The pullback brought BTC down to a low of $90,700 on Tuesday, sparking concern among some investors.

BlackRock's Bitcoin exchange-traded fund (ETF) has recorded zero inflows for the past two days. Institutional investors have lost their appetite for Bitcoin exposure despite the ongoing bull market in the broader cryptocurrency space.

XRP and SOL are riding on the growing crypto fame. Monsta Mash is gaining traction with a 3% bump in total $MAH tokens sold in less than 5 hours.

The 12 spot bitcoin exchange-traded funds (ETFs) had a standout Wednesday, capitalizing on BTC's latest price climb. Collectively, these funds attracted $103.09 million in inflows, pushing their cumulative net inflows since Jan. 11 to an impressive $30.38 billion.

It is Thanksgiving in the U.S., and Michael Saylor, cofounder and chairman of MicroStrategy, has sent out a tweet that has resonated strongly within the cryptocurrency community. In an X post, Saylor simply stated, "Thank you Satoshi.

Jan Happel and Yann Allemann, who go by the X handle Negentropic, recently opined that long-term holders taking profits was one of the key reasons behind Bitcoin's recent price correction.

Shiba Inu (SHIB) coin holders, instrumental in the meme coin's recent recovery, are driving the potential for another rally. Over the past three days, a significant number of SHIB tokens have been moved off exchanges, signaling strong activity.

The following article is adapted from The Block's newsletter, The Daily, which comes out every weekday for subscribers.