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news-imageDecember 23, 2024

MicroStrategy Continues Bitcoin Buying Spree With Latest 5,262 BTC Purchase Amid Nasdaq-100 Entry

On Monday, Bitcoin treasury company MicroStrategy announced that it had spent roughly $561 million to acquire additional Bitcoin as it remains uber-bullish on the world's largest and oldest cryptocurrency. This marks its seventh consecutive week of Bitcoin purchases.
Publisher: Zycrypto
Sentiment: Positive
BTC

More News Articles

Positive
cover-imageThe Currency Analytics
December 23, 2024

VanEck Predicts Bitcoin Reserve Could Reduce US Debt by 36% by 2050

The financial world is abuzz after asset manager VanEck suggested that the United States could reduce its national debt by as much as 36% by adopting Bitcoin as a strategic reserve asset. In its latest report, VanEck projects that if the US were to integrate Bitcoin into its financial strategy, the country could significantly curb its rising debt over the next 26 years.

Positive
cover-imageBitcoin
December 23, 2024

I am Proud to Stand With Bitcoin: Senator Ted Cruz

Senator Ted Cruz, a staunch champion for crypto reaffirmed his support for bitcoin while speaking at the Turning Point Americafest Conference. In his words, “We are going to unleash crypto. I am proud to stand with bitcoin. I am the only member of the U.S. Senate who is a bitcoin miner.

Negative
cover-imageBenzinga
December 23, 2024

Bitcoin, Ethereum, XRP, Dogecoin Slide On Quiet Monday, Trader Predicts 'Choppy' Price Action Until 2025

Cryptocurrency markets are trading lower on a low-volume Monday. Cryptocurrency Price Gains +/- Bitcoin (CRYPTO: BTC) $92,996.64 -3.2% Ethereum (CRYPTO: ETH) $3,313.40 -0.3% Solana (CRYPTO: SOL) $184.82 +0.9% XRP (CRYPTO: XRP) $2.16 -4% Dogecoin (CRYPTO: DOGE) $0.3108 -2.5% Shiba Inu (CRYPTO: SHIB) $0.00002168 -1% Notable Statistics: IntoTheBlock data shows large transaction volume decreasing by 20.6% and daily active addresses falling by 0.02%.

Neutral
cover-imageBenzinga
December 23, 2024

Bitcoin Price Decisively Back Below $100,000: What Is Going On?

Bitcoin's (CRYPTO: BTC) volatile trading around the $100,000 mark has left investors puzzled about its prospects for the next weeks. What Happened: Jim Bianco of Bianco Research highlighted this phenomenon in a post on X on Sunday by quoting an old Wall Street adage: "Markets will do what confuses the most people.

Neutral
cover-imageBenzinga
December 23, 2024

$84,000 Is Bitcoin's Worst Case, Options Trading Firm CEO Says

Deribit CEO Luuk Strijers has pointed to $84,000 as the “max pain” level for Bitcoin ahead of a significant December options expiry, suggesting the market could be pulled down to this level before finding new equilibrium. Strijers' analysis highlights the unique dynamics of the upcoming quarterly expiry, which accounts for 44% of all outstanding Bitcoin options, making it the largest options expiry this year.

Positive
cover-imageThe Currency Analytics
December 23, 2024

UAE Rumored to Hold $40B in Bitcoin Amid Accumulation Buzz

The cryptocurrency community has been buzzing with speculation that the United Arab Emirates (UAE) is quietly amassing a significant amount of Bitcoin. Reports have surfaced claiming that the UAE holds over $40 billion worth of the world's leading cryptocurrency.

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