Bitcoin investment products experienced a surge in net inflows, reaching $3.12 billion between Nov. 18 and 22, according to CoinShares.
MicroStrategy has made headlines with its largest Bitcoin purchase to date, acquiring 55,500 BTC between Nov. 18 and 24 for $5.4 billion.
Bitcoin has failed to continue its run past $100k, subsequently recording a three-day losing streak. The recent dip is the first major price correction the asset has seen since the November 5th elections, in which pro-crypto candidate Donald Trump was re-elected.
With the current price hike and the expected rise in bitcoin adoption by nation-states and private corporations, the world's attention is on the digital asset.
Almost the entire crypto market is deep in the red today.
Bitcoin is currently testing levels below the crucial $95k mark and is down by more than four percent in the last 24 hours. This comes after a recent announcement from Michael Saylor revealing that MicroStrategy purchased another $5.4 billion worth of Bitcoin.
BTC price retracement expectations hinge on bulls protecting new local lows as Bitcoin traders stick to high-leverage bets.
The Sui Foundation has announced a partnership with Babylon Labs, Lombard Protocol, and Cubist to integrate Bitcoin into the Sui ecosystem.
A crypto strategist who rode Bitcoin's 2023 breakout is warning that BTC is at risk of witnessing a significant correction if it fails to rally above $100,000. Pseudonymous analyst DonAlt tells his 63,000 YouTube subscribers that Bitcoin will likely bounce if it pulls back to $90,000.
Spot Bitcoin exchange-traded funds (ETFs) in the U.S. recorded a reversal in investor sentiment on Monday, with total outflows of $438.4 million. The post Spot Bitcoin ETFs in the U.S. See $438M Outflow After $3.4B Influx Streak appeared first on Cryptonews.
Last day, MicroStrategy surprised many by making a massive BTC purchase of 55,500 BTC tokens – the highest it has ever made. This month alone, the company has amassed over 134,480 BTC tokens. With the latest purchase, the total BTC holding of MicroStrategy has increased to nearly 386,700 BTC tokens, worth at least $36,496,204,620.
After reaching a new all-time high of $99,600 last Friday, the Bitcoin price has retraced to the $94,000 mark for the first time in nearly a week. This pullback comes amid growing speculation about a possible correction following a massive three-week uptrend that saw the leading crypto surge by 40% after Donald Trump's election on November 5.
The idea of bitcoin as a medium of exchange was at the center of its creation, eliminating the need for third parties for transacting. Discussions on social media now recall how Andreas Antonopoulos, a big bitcoin proponent, used it to promote bitcoin back in the day.
Rumble, a video-sharing and cloud services platform, is making a big move into crypto with a Bitcoin treasury strategy. The company plans to use its cash reserves to buy Bitcoin as a store of value and a hedge against inflation.
Think you're too late to Bitcoin? You've still got time, according to prominent businessman and best-selling author of Rich Dad Poor Dad Robert Kiyosaki, who forecasts sizable gains still to come.
Such corrections are to be expected, said analysts.
Following Microstrategy's plan of hoarding Bitcoin many companies from different sectors are following suit by investing heavily into Bitcoin as a safe investment option. Recently, Rumble, a popular video-sharing and cloud services platform, is making a bold move by investing up to $20 million in Bitcoin.
Jason Calacanis, one of the best-known angel investors, recently questioned Saylor's strategy.
Public video-sharing platform Rumble said Monday it plans to allocate up to $20 million in Bitcoin for its crypto treasury. Rumble, a video-sharing and cloud services provider, said in a blog announcement on Nov.
Bitcoin has been trading within a tight range, a pattern that could play a key role in its next price move.
Spot Bitcoin exchange-traded funds in the United States began the week with significant outflows as Bitcoin's price fell below $93,000 amid a wave of long liquidations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $438.
Video sharing platform Rumble has becomes the latest company to invest in the leading cryptocurrency Bitcoin. The post Rumble Announces $20M Bitcoin Investment as Part of Treasury Strategy appeared first on Cryptonews.
Monday's net outflow ended a five-day streak of net inflows that brought $3.4 billion into the spot bitcoin ETFs.
Starting in December, Bitcoin holders will have the ability to stake their BTC through the Bitcoin layer-2 network Babylon.
Following its epic 45% rally into price discovery this month, Bitcoin has finally begun its correction, but how low will it go?
$3.4B in Bitcoin leveraged bets at risk as prices teeter above the $95K mark.
Sand, XLM, and Ether are leading social discussions among traders at the moment, according to data from analytics platform Santiment.
Swan Bitcoin sued former employees it alleged got help from Tether, and now accuses its own law firm of malpractice after it picked up the stablecoin issuer as a client.
After facing multiple rejections at $100,000, Bitcoin price has cracked another 4% hitting an intraday low of $92,785 levels. This is the largest single-day drop for BTC following Donald Trump's victory in US elections.
Jiva Technologies CEO Lorne Rapkin said the move to add Bitcoin to the treasury is “a unique opportunity to strengthen our treasury with a resilient and innovative investment.”
Bitcoin briefly dipped below $93,000 on Monday, posting the longest losing streak since the beginning of the current rally as long term holders cash out profits. The post Bitcoin Dips as Long Term Holders Lock in Profits After $100K Rally Stalls appeared first on Cryptonews.
Peter Schiff ignites outrage by claiming that the U.S. becoming a bitcoin superpower would weaken the nation, clashing with crypto advocates championing it as an economic game-changer.
XLM outperformed Bitcoin in November but indicator signals caution.
Bitcoin (BTC) price action continues to come under focus as analysts consider its correlation with the global M2 money supply.
The recent outflows from Bitcoin ETFs highlight market volatility and investor caution, potentially impacting future crypto investment strategies. The post Bitcoin ETFs end five-day inflow streak as Bitcoin dips below $93K appeared first on Crypto Briefing.
A staggering $489.46 million was wiped out in liquidations, marking a significant period of volatility for traders. The crypto market was rocked by fluctuations in Bitcoin's price, as well as notable movements in several altcoins, driving both long and short positions to liquidation.
Bitcoin recently came close to breaking the $100,000 price mark last week, reaching a high of $99,645 before encountering resistance. According to CryptoQuant analyst Percival, the psychological barrier of round numbers like $100,000 often serves as a point where traders exit positions for “relative safety.
Cryptocurrencies experienced mixed trends today, with Bitcoin (BTC) falling below $94K amid cautious market sentiment. Meanwhile, Lido DAO (LDO) and Arbitrum (ARB) emerged as the day's top performers, gaining more than 6% each. The global crypto market cap fell 2% to $3.27 trillion, while trading volume surged by 22%, hitting $241 billion.
A bitcoin-led crypto market correction continued into its third day as the asset lost a further 3.5% in the past 24 hours. However, bitcoin tends to bounce back when short-term holders sell at a loss.
Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction.
Crypto market analysts remain confident that Bitcoin will hit six figures before the end of the year despite the recent 7% correction.
The UK government is urged to create a bitcoin reserve as Trump's pro-crypto policies drive global competition in the race for digital economic dominance.
President Nayib Bukele proposed a rent your volcano to mine Bitcoin initiative recently. El Salvador has extensively used its natural resources, particularly its 170 volcanoes.
When it comes to public companies, MicroStrategy still has the greatest Bitcoin ownership. The company's total Bitcoin holdings reached 386,700 after the latest purchase.
South Korea's Financial Services Commission (FSC) has decided against creating a national Bitcoin reserve, opting to wait before fully embracing the cryptocurrency. While Bitcoin's rise continues to capture global attention, South Korea is taking a more conservative approach, prioritizing stability and investor protection over swift innovation.