Digital asset investment products saw inflows of $270 million last week, setting a new year-to-date record of $37.3 billion, according to a CoinShares report. What Happened: Bitcoin (CRYPTO: BTC), the largest cryptocurrency, recorded significant outflows of $457 million—the first major outflows since early September, the report stated.
Is Moo Deng back? Coinbase announced it would list the meme coin, prompting a dramatic surge in price immediately thereafter.
Over the past day, XRP, the digital currency, has climbed more than 41% against the U.S. dollar, marking a 431% increase overall. Trading Mania: XRP's Explosive Rally Draws Global Attention Currently riding a wave of momentum, XRP is trading at $2.77 per coin as of 11:20 a.m. ET on Dec. 2.
MicroStrategy has bought another $1.5 billion worth of 15,400 bitcoins according to a new filing with the Securities and Exchanges Commission.
Bitcoin has seen unpredictable and volatile activity recently, with price action testing both psychological and technical boundaries. The cryptocurrency failed to break above the coveted $100,000 mark while showing resilience by holding firmly above the $90,000 level.
Shiba Inu has experienced a significant uptrend since September, pushing its price to multi-month highs. This rise allowed SHIB to capitalize on the bullish market sentiment and record a 24% gain over the past 24 hours.
Why regulators must be held accountable for the consequences of Operation Chokepoint 2.0.
Ethereum led the market with $634 million in weekly inflows, pushing its year-to-date total to $2.2 billion. Rising institutional demand for ETH-based ETFs has analysts eyeing what could be the next big move for Ethereum.
The Ripple-linked XRP has skyrocketed over the last month, significantly outpacing other top coins like Bitcoin and Dogecoin.
Bitcoin's (CRYPTO: BTC) transition from a decentralized digital asset to one dominated by institutional players has introduced a new set of risks. What Happened: With Bitcoin exchange-traded funds (ETFs) in the U.S. now holding over 1 million tokens—equivalent to 5% of its total supply—the cryptocurrency is increasingly controlled by financial institutions and even governments, reshaping its original decentralized ethos, Bloomberg reported.
MicroStrategy continues its Bitcoin buying spree, adding another 15,400 Bitcoins to its treasury. This latest purchase, worth $1.5 billion, brings the company's total Bitcoin holdings to over 402,000. The post MicroStrategy Continues Bitcoin Buying Spree with Another $1.5 Billion Purchase appeared first on Cryptonews.
In criticism of the U.S. Securities and Exchange Commission (SEC), Ripple's Chief Legal Officer Stuart Alderoty has accused the regulatory body of engaging in actions that have artificially suppressed the cryptocurrency market.
Cardano (ADA) can soar as high as 66% in December if the altcoin's historical precedence is repeated. Based on Cryptorank data, ADA has an average growth rate of 66.8% for December, providing a generally bullish month for the coin.
Bears are more active than bulls on the first day of the week, according to CoinStats.
In a week full of ups and downs for digital assets, XRP stole the spotlight with a whopping $95 million in inflows, marking the highest weekly total ever recorded by CoinShares for investment products based on this popular cryptocurrency. This 621% week-over-week increase is a great example of how the token is attracting more and more attention, especially as financial market participants are talking more and more about U.S.-based ETFs on XRP.
Ripple's XRP has seemingly come to life, retaking its third position that it held for years until the Securities and Exchanges Commission (SEC) sued it in December 2020.
Digital asset investment products experienced their second-lowest weekly inflows in the past eight weeks, totaling $270 million, according to CoinShares‘ latest fund flow report. This brings the total year-to-date inflow to $37.3 billion.
MicroStrategy continues to buy Bitcoin: It now holds about $39 billion worth of BTC, just weeks after its stock price hit an all-time high.
Bitcoin prices surged from $68,000 to $99,000 during a month-long bull run in November. A total of $6.87B was received by spot Bitcoin ETFs, while $411 million was withdrawn.
XRP has skyrocketed by 420% in the past month!
Shortly after the XRP price surged by over 27% this past weekend, crypto analyst Ali Martinex highlighted the latest XRP purchases by whales: XRP's price action — up a highly 40% in the past 24-hour period — had even some prominent global macro investors, such as Raoul Pal, excited about XRP's potential to go even
MARA said that the proceeds will be used primarily to acquire Bitcoin and repurchase existing convertible notes due 2026.
Ethereum investment products registered $634 million worth of net inflows globally last week, led by the U.S. spot Ethereum ETFs.
The price of XRP has exploded by 18% in the past 24 hours, as traders continue to buy it up in the wake of Gary Gensler's resignation as SEC Chairman. The post XRP Overtakes Solana and Tether as Market Cap Reaches $139 Billion – Can XRP Hit $100 Next? appeared first on Cryptonews.
MARA has proposed a further $700 million convertible senior note offering to buy more bitcoin and buy back some of its current notes.
A closely followed analyst says that deep-pocketed crypto investors have accumulated a massive stockpile of Ethereum (ETH) in just four days. In a new thread on the social media platform X, crypto strategist Ali Martinez tells his 92,300 followers that crypto whales have scooped up hundreds of thousands of ETH in less than one week.
Avalanche (AVAX) is making waves in the crypto market as its price approaches the significant $50 resistance level. The bulls have shown impressive strength, fueling optimism for a potential breakout.
Raoul Pal, CEO of Real Vision, has publicly admitted that he was wrong about XRP, a cryptocurrency he had previously criticized for underperforming.
An unusual BTC price reaction to MicroStrategy's latest confirmation of increased BTC exposure accompanies the week's first Wall Street open.
The demand for XRP among institutional investors has seen several fund managers file for spot ETF approval amid the upcoming change of the US SEC administration.
Following the bullish momentum sweeping the crypto market, Avalanche price is setting its sights on a potential $70 target. The digital asset has gained traction, showing promising signs of a breakout as market enthusiasm grows.
Bitcoin has recently seen a significant movement of funds, with over 55,000 BTC, valued at $5.34 billion, withdrawn from exchanges in just 72 hours. This substantial outflow has captured the attention of the crypto community and ignited speculation about Bitcoin's next major move.
New York-based asset management firm WisdomTree has joined the training of asset managers filing for an XRP exchange-traded fund (ETF).
Microsoft's BTC vote could push Bitcoin past $100K milestone. Shareholder exposure raises questions about necessity of BTC adoption.
Kiyosaki has long advocated for Bitcoin as a means to escape the effects of USD. Robert now has 73 BTC and aspires to reach 100 BTC, according to the most recent disclosure.
TL;DR MicroStrategy acquired 15,400 BTC for $1.5 billion, increasing its total holdings to 402,100 BTC, with an estimated value of over $38 billion. The purchase was funded through the sale of 3,728,507 shares, as part of a strategy to raise $42 billion and continue investing in Bitcoin. Michael Saylor supports this approach, highlighting a 63.
Ethereum witnessed $634 million inflows last week, pushing its year-to-date inflows to a record-breaking $2.2 billion. The surge signals rising institutional confidence in ETH, reflecting a dramatic turnaround in sentiment.
Dogecoin rally aims $10 with the all time high level breakout. However, the upcoming token unlock worth $42M warns of a rocky road.
For weeks, XRP's price performance has been at the center of attention on the crypto market. Hitting $2.50 at the start of December and posting a staggering, almost 400%, gain since the U.S. election last month, the token has climbed into a dominant position.
Bitcoin's (BTC) potential push toward $100,000 might face further delays as the asset will likely encounter volatility later in the week driven by macroeconomic signals.
Bitcoin's price of $96,125 to $96,557 over the last hour reflects a consolidating market with mixed signals from various timeframes, suggesting a cautious approach for traders and investors. Bitcoin On the 1-hour chart, bitcoin shows a sharp drop from $98,200 to $94,712, followed by a moderate recovery.
A new week has started with a neutral market mood, according to CoinMarketCap.
Metaplanet Bitcoin reward program provides a chance for shareholders to win Bitcoin prizes through a lottery. Shareholders who own at least 100 shares by December 31 will be eligible, with a total prize pool of 30 million yen. The program is part of Metaplanet's strategy to integrate Bitcoin into investment portfolios. The post Metaplanet to Offer Bitcoin in Its Shareholders Reward Program appeared first on Cryptonews.
Popular dog-themed meme coin Shiba Inu is currently riding the bullish wave, attracting notable gains following the renewed momentum of the general crypto market. This recent uptrend of Shiba Inu has fueled robust optimism within the community about its potential for a significant rally in the upcoming weeks.
Michael Arrington has published a tweet to comment on the mammoth growth seen by XRP as it managed to surpass the $2 price level on Sunday.
XRP, the popular cryptocurrency, has been on a stunning rally, surpassing $2.50 at the start of December 2024. This marks a staggering 368% gain since November, pushing its market capitalization to $137 billion.
Two main factors appear to be contributing to Shiba Inu's recent price performance. They are market sentiment and community backing.
As seen in the chart below, Bitcoin's dominance is suffering greatly, falling to 56.8%. Nevertheless, its market capitalization, which is still strong, does not reflect this decline.