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news-imageNovember 22, 2024

The Crypto Market Soars! The Reasons Why Bitcoin Is About to Reach $100K

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.
Publisher: Crypto Economy
Sentiment: Positive
BTC

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Positive
cover-imageBenzinga
November 22, 2024

Strike CEO Jack Mallers: 'Bitcoin Is The Best Performing Asset In The History Of Mankind'

Jack Mallers, CEO of payment platform Strike, has made a powerful case for the United States to embrace Bitcoin (CRYPTO: BTC) as a strategic reserve asset. What Happened: In an interview with CNBC on Thursday, Mallers compared the potential adoption of Bitcoin by the U.S. government to pivotal moments in economic history, including Nixon's departure from the gold standard in 1971.

Positive
cover-imageBenzinga
November 22, 2024

Bitcoin ETFs Will See Hundreds Of Billions In Inflows, Analyst Predicts

Institutional investment in the cryptocurrency space is poised for a massive influx, with hundreds of billions of dollars expected to enter the market in the coming years, according to Devin Ryan, managing director at JMP Securities. What Happened: In an interview with CNBC, Ryan emphasized that the evolving regulatory landscape and the increasing acceptance of Bitcoin exchange-traded funds (ETFs) are key catalysts for this transformative growth.

Negative
cover-imageBitcoin Magazine
November 22, 2024

Gary Gensler's Departure Is No Triumph For Bitcoin

As the upcoming Trump administration is gearing up to establish a regulatory landscape facilitating full-on anything-goes multicoinery, and with Gary Gensler gone, we could well see the most atrocious scam coins proliferate and soar— before they inevitably implode.

Positive
cover-imageCoinPedia
November 22, 2024

Senator Lummis Proposes Bitcoin Acquisition to Tackle US Debt Crisis

In a recent conversation with FOX Business, Senator Cynthia Lummis shared her views on buying Bitcoin to reduce US debt. Lummis remarked that Bitcoin serves as a long-term store of value. She expressed that it should be included in reserves as a strategic asset alongside gold and oil. The senator proposed that the U.S.

Positive
cover-imageBenzinga
November 22, 2024

Bitcoin Paying For Your Mortgage? One Company Enables It, But There's A Catch

Andrew Hones, CEO and founder of New Market Capital, unveiled “Battery Finance” on CNBC on Friday—an asset management platform combining traditional assets like real estate with Bitcoin (CRYPTO: BTC). What Happened: In an appearance on Squawk Box, Hones announced a loan that blends a 63-unit multi-family property in Philadelphia with Bitcoin as collateral.

Positive
cover-imageThe Currency Analytics
November 22, 2024

MicroStrategy ETFs See Extreme Bullish Bets as Bitcoin Nears $100K

The cryptocurrency market is seeing unprecedented levels of excitement as Bitcoin (BTC) pushes toward a six-figure price tag, with traders eager to amplify their gains. At the center of this speculative frenzy is the leveraged ETF tied to MicroStrategy (MSTR), the world's largest public holder of Bitcoin.

Positive
cover-imageBitcoin
November 22, 2024

$1B Pours Into US Bitcoin ETFs in a Single Day, Shaking Up the Market

On Thursday, U.S. spot bitcoin exchange-traded funds (ETFs) achieved a significant milestone, bringing in $1 billion in net inflows during a single trading session. U.S. Bitcoin ETFs Draw $1B in Daily Inflows as Ethereum Funds See Mixed Results According to data from sosovalue.com, Blackrock‘s IBIT fund, trading on Nasdaq, led the pack with $608.

Neutral
cover-imageBenzinga
November 22, 2024

MicroStrategy Trading At 'Insane' 256% Premium To Bitcoin Holdings, Research Shows

MicroStrategy Incorporated (NASDAQ:MSTR) is trading at an astonishing 256% premium to the net asset value (NAV) of its Bitcoin (CRYPTO: BTC) holdings, according to research conducted by BitMEX. The analysis highlights the extreme valuation disparity between MicroStrategy's current market capitalization, driven by its aggressive Bitcoin acquisition strategy, and the actual value of the Bitcoin it holds.

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