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news-imageDecember 30, 2024

MicroStrategy Drops Another $209 Million On Bitcoin, Extends Buying Streak To 8 Weeks

MicroStrategy Inc (NASDAQ:MSTR) extends its Bitcoin (CRYPTO: BTC) acquisition strategy, announcing on Monday its latest purchase of 2,138 BTC for approximately $209 million to bring the company's total holdings to 446,400 BTC. What Happened: MicroStrategy's Executive Chairman Michael Saylor announced the acquisition on X, having purchased the Bitcoin at an average price of $97,837 per coin.
Publisher: Benzinga
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
January 2, 2025

Robinhood Rings In New Year With $2.5 Million Bitcoin, Dogecoin Giveaway: CEO Vlad Tenev Celebrates Customer Loyalty

Robinhood Markets Inc. (NASDAQ:HOOD) launched 2025 with a strategic customer engagement initiative, distributing $2.5 million worth of Bitcoin (CRYPTO: BTC) and Dogecoin (CRYPTO: DOGE) to existing users during New Year's Eve, attracting active users to its platform during the holiday. What Happened: The company's CEO Vlad Tenev emphasized the promotion's focus on existing customer loyalty rather than new user acquisition.

Positive
cover-imageCointribune
January 2, 2025

Bitcoin Finds Balance Around $95,000

The crypto market is showing encouraging signs as open interest in bitcoin reaches its lowest level in two months, suggesting a decrease in selling pressure. This development comes against a backdrop where BTC has been fluctuating around $95,000 since the end of December 2024.

Negative
cover-imageThe Daily Hodl
January 2, 2025

Benjamin Cowen Lays Out Potential Bitcoin Correction Scenario for Early 2025 – Here's His Outlook

A widely followed analyst is warning of a possible Bitcoin (BTC) correction in early 2025 as the flagship crypto asset enters its first post-halving year. In a new video update, crypto strategist Benjamin Cowen tells his 853,000 YouTube subscribers that Bitcoin may correct by double-digit percentage points in January based on historic precedence.

Positive
cover-imageCoinPedia
January 2, 2025

Hong Kong's Yuxing Technology Acquires 78.2 Bitcoin for $6.3M

Yuxing Technology, a publicly listed company in Hong Kong, has made significant moves in the cryptocurrency market. Between July 25 and December 31, 2024, the company purchased 78.2 Bitcoin at an average price of $80,960 per unit, totaling $6.3 million. In order to fund this purchase, Yuxing has to sell 6.

Neutral
cover-imageBenzinga
January 2, 2025

Peter Thiel's Bubble Theory Gains Relevance As Bitcoin Hovers Around $95K: 'Extremely Hard To Define'

As Bitcoin (CRYPTO: BTC) trades near $95,000, PayPal Holdings Inc. co-founder Peter Thiel‘s framework for identifying market bubbles offers crypto investors a timely analytical tool, drawing parallels between historical manias and current market dynamics. What Happened: Speaking at the Yale Political Union in October Thiel outlined three key bubble indicators: extreme abstraction, unsustainable exponential growth, and psychosocial mania.

Negative
cover-imageThe Currency Analytics
January 2, 2025

Peter Brandt Warns Bitcoin Faces Bearish Head-and-Shoulders Pattern

The world of cryptocurrency, where market movements can shift dramatically, seasoned trader Peter Brandt has issued a cautionary alert regarding Bitcoin's (BTC) price action. Brandt, known for his successful technical analysis and long history of predicting market trends, has raised concerns over a potential bearish signal emerging in Bitcoin's chart.

Positive
cover-imageThe Currency Analytics
January 2, 2025

Bitcoin Targets $120,000 as 2025 Approaches

Bitcoin has faced some challenges recently in regaining its $100,000 price point, but the broader market sentiment is shifting toward a more bullish outlook. As 2025 approaches, Bitcoin is showing signs of gaining momentum and may be poised for substantial growth in the coming months.

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