Bitcoin ($BTC)

Bitcoin was the first cryptocurrency to ever be created. It’s an open-source, decentralized, peer-to-peer cryptocurrency created by Satoshi Nakamoto, an unknown person or group, who first introduced BTC (or XBT) to the world through an email sent to a cryptography mailing list .

It functions without a central bank or centralized administrator, and its transactions are semi-anonymous. New bitcoins are introduced to the market through a mining process, which rewards those that secure the network through what’s known as a proof-of-work (PoW) consensus algorithm.

Bitcoin’s maximum supply is capped at 21 million, and the very last BTC is expected to be mined in 2140.

Bitcoin ($BTC)

MicroStrategy Continues Bitcoin Buying Spree, Adds $561 Million Worth of BTC

Nasdaq-listed business intelligence firm MicroStrategy has announced the acquisition of an additional 5,262 bitcoin at an average price of $106,662 per BTC, with the purchase costing the firm around $561 million in total. In a post on the microblogging platform X, the company’s co-founder and chairman, Michael Saylor, revealed that the firm has achieved a […]
Bitcoin ($BTC)

Bitcoin Whales Scoop Up $1 Billion Worth of BTC During Dip

The cryptocurrency market has endured a significant sell-off that saw its total market capitalization plunge by over $600 billion before it started recovering. In a sell-off that saw Bitcoin drip from a new high around $108,000 to a $92,000 low. The cryptocurrency has, however, since started recovering and despite still being down more than 6.8% […]
Altcoins Bitcoin ($BTC) Markets

Why is Crypto Down Today?

The cryptocurrency market is down by over $200 billion in the last 24-hour period and by around $600 billion in the past week amid a significant downtrend that has been caused by several factors, including the Federal Reserve cutting interest rates by 25 basis points and its Chair Jerome Powell suggesting fewer cuts are coming […]
Bitcoin ($BTC)

Bitwise CIO Explains Why He Does Not See Latest Crypto Crash as Anything More than a ‘Hiccup’

Late Wednesday (U.S. hours), Matt Hougan, the Chief Investment Officer (CIO) at Bitwise Asset Management, took to the social media platform X to comment on the Fed’s announcement and its impact on the crypto market. On Wednesday, the Fed announced the decision of the Dec. 17-18 meeting of its Federal Open Market Committee (FOMC). According […]
Bitcoin ($BTC)

How IMF’s $1.4B Deal With El Salvador, If Approved, Could Jeopardize Bitcoin’s Role as Legal Tender

The International Monetary Fund (IMF) announced on December 18 that it has reached a staff-level agreement with El Salvador for a $1.4 billion loan under its Extended Fund Facility (EFF). The agreement is currently at the staff-level stage and requires formal approval by the IMF’s Executive Board, expected by early February 2025. Approval hinges on […]
Bitcoin ($BTC)

VanEck’s Matthew Sigel Predicts U.S. Strategic Bitcoin Reserve at National or State Level in 2025

Matthew Sigel, head of digital assets research at global asset management firm VanEck, suggested in a recent interview with Natalie Brunell that the U.S. government might establish a strategic Bitcoin reserve in 2024. He speculated that this could involve reclassifying the approximately 200,000 Bitcoin already held by the government, seized in criminal cases, as a […]
Bitcoin ($BTC)

Bitcoin Whales Accumulate Over $7 Billion in BTC Over 48 Hours

The price of the flagship cryptocurrency, Bitcoin, has surged by more than 17% over the past month to now stand around $106,000 after hitting a new all-time high above $108,200 earlier today. The cryptocurrency’s price performance has drawn in a flurry of large-scale acquisitions. According to data shared by popular cryptocurrency analyst Ali Martinez, over […]
Altcoins Bitcoin ($BTC) Ethereum ($ETH) XRP

Crypto Investment Products Surge Past $44 Billion in Assets as Bitcoin, Ethereum, and XRP Funds Attract Massive Inflows

Cryptocurrency investment products saw over $3.2 billion inflows over the past week, making the tenth consecutive weekly inflows these products have seen and bringing their total to now top $44.5 billion. Bitcoin investment products led the market, with investors moving $2 billion to these funds. According to CoinShares’ Digital Asset Fund Flows report, Ethereum-focused investment […]
Bitcoin ($BTC)

Bitcoin Sets a New All-Time High Above $106K Based on Optimism Over Fed Rate Cut and Trump’s Pro-Crypto Policies

As of 9:50 a.m. UTC on Monday, December 16, Bitcoin is trading at $104,800, up 2.6% over the past twenty-four hours. Earlier today, Bitcoin reached an all-time high of $106,533 at 12:35 a.m. UTC, reflecting strong bullish momentum as the market awaits an important announcement from the U.S. Federal Reserve on Wednesday. The crypto market’s […]
Bitcoin ($BTC)

MicroStrategy and Bitcoin: A Perpetual Machine or a House of Cards?

MicroStrategy (Nasdaq: MSTR), a business intelligence company founded in 1985, made a bold move in August 2020 by adopting Bitcoin as its primary treasury reserve asset. This decision marked a significant shift for the company, transforming it into a quasi-Bitcoin investment vehicle. However, the question remains: Can this Bitcoin-centric strategy be sustained indefinitely, or is […]
Bitcoin ($BTC)

Michael Saylor’s Relentless Focus on Bitcoin Lands His Firm in the Nasdaq-100 Index

On December 13, the Nasdaq stock exchange, founded in 1971, which pioneered the concept of electronic trading and which hosts many of the world’s leading tech firms, announced that on December 23, MicroStrategy Inc., which is one of the companies listed on the exchange, would get added to the Nasdaq-100 Index, which is a stock […]
Bitcoin ($BTC)

Bitcoin in State Treasury? Texas Representative Proposes Strategic Reserve

House Bill 1598, introduced by Texas Representative Giovanni Capriglione on Dec. 12, outlines a plan to establish a Bitcoin reserve within the state treasury. The bill, titled the Texas Strategic Bitcoin Reserve Act, details the state comptroller’s responsibilities for managing Bitcoin as a financial asset, including provisions for secure storage and a long-term holding strategy. […]
Bitcoin ($BTC)

$11.5 Trillion Asset Manager BlackRock Advocates for 1-2% Bitcoin Allocation in Traditional 60/40 Portfolio

The world’s largest asset manager, BlackRock, with $11.5 trillion in total assets under management, has unveiled a new report from the BlackRock Investment Institute advocating for a 1% to 2% allocation in Bitcoin on the traditional 60/40 portfolio, composed of a larger portion of equities than bonds. According to a report from Forbes, BlackRock’s analyst […]
Bitcoin ($BTC) Gold

Billionaire Ray Dalio Explains Why He Likes Owning Both Gold and Bitcoin

Ray Dalio is the Founder of Bridgewater Associates, where he serves as a CIO Mentor and remains an active member of the firm’s board. On Tuesday, while speaking during the Abu Dhabi Finance Week (ADFW) in the United Arab Emirates, Dalio warned of an approaching global debt crisis driven by unsustainable levels of borrowing in […]
Bitcoin ($BTC)

MassMutual’s Strategic Bitcoin Investment Grows Fivefold to $500 Million

Massachusetts Mutual, a 173-year insurance giant, invested $100 million into the flagship cryptocurrency Bitcoin (BTC) back in 2020. In a press release, the move was noted as giving it a “measured yet meaningful exposure to a growing economic aspect of our increasingly digital world.” The firm’s Bitcoin holdings, if it didn’t sell any BTC, are […]
Bitcoin ($BTC) Donald Trump

Eric Trump Sees Bitcoin Reaching $1M per BTC, Predicts It Will Deliver a Global Financial Revolution

Eric Trump, executive vice president of the Trump Organization and son of U.S. President-elect Donald Trump, delivered a rousing speech at the Bitcoin MENA 2024 conference in Abu Dhabi on Dec. 9. Trump confidently predicted that Bitcoin would surpass $1 million per coin, calling it the cornerstone of a financial revolution. Eric celebrated Bitcoin as […]
Altcoins Bitcoin ($BTC) Ethereum ($ETH) XRP

Crypto Investment Funds Shatter Records with $3.85 Billion in Weekly Inflows, with ETH and XRP Standing Out

Cryptocurrency investment products saw their highest weekly inflows ever last week, as investors poured $3.85 billion into these funds amid a cryptocurrency market rally that saw the price of Bitcoin briefly top the $100,000 mark before correcting lower. According to CoinShares’ Digital Asset Fund Flows report, Bitcoin-focused investment products saw a $2.56 billion inflow last […]
Bitcoin ($BTC)

’Bitcoin Is Highly Likely in a Supercycle,’ Says Prominent Macro-Economist Alex Krüger

Prominent macro-economist Alex Krüger shared his thoughts on the current bitcoin cycle via X on Dec. 8, advising against drawing parallels with past cycles. Krüger believes bitcoin is likely experiencing a “supercycle.” According to Krüger, the crypto industry has seen its most significant shift ever, moving from a barely legal status to becoming one of […]
Bitcoin ($BTC)

Buddhist Kingdom Bhutan Transfers $40 Million in Bitcoin to Crypto Firm QCP Capital

The Royal Government of Bhutan has transferred 406.074 Bitcoin, worth around $40 million, to prominent cryptocurrency investment firm QCP Capital in a move that is believed to be leading to the sale of these funds. The transaction was first spotted by Onchain Lens, and according to Arkham Intelligence’s data, Bhutan’s sovereign holding company Druk Holdings is […]
Bitcoin ($BTC)

Spot Bitcoin ETFs Attract $9.9 Billion in Inflows After Trump’s Election Victory

Spot Bitcoin exchange-traded funds (ETFs) have seen nearly $10 billion inflows since Republican presidential candidate Donald Trump won the US elections, as investors flocked into the cryptocurrency sector since the results were revealed. The 12 spot Bitcoin ETFs from various major asset managers, including BlackRock and Fidelity Investments, attracted $9.9 billion in net inflows following […]

‘Bubble Hunter’ Jesse Colombo Slams Saylor’s Proposal to Trade U.S. Gold Reserves for Bitcoin

Jesse Colombo, known as the “Bubble Hunter” for his expertise in identifying and warning about speculative bubbles, has built a reputation as a contrarian voice in financial markets. He gained prominence after predicting the 2008 financial crisis and has since focused on highlighting risks in various asset classes, including real estate, tech stocks, and cryptocurrencies. […]

Cboe’s Bitcoin Index Options Are a ‘Game-Changer’: Bitwise’s Jeff Park

On Dec. 2, Cboe Global Markets, Inc. made a quiet yet significant move in the world of Bitcoin-linked financial products by launching the first cash-settled index options tied to the price of spot Bitcoin. Listed exclusively on the Cboe Options Exchange, these options offer a new way for traders to gain exposure to spot Bitcoin […]

Bitcoin Reacts to U.S. Jobs Data: CME Group’s FedWatch Shows Traders Pricing 90% Odds of December Rate Cut

November’s Employment Situation report was released by the U.S. Bureau of Labor Statistics (BLS) at 8:30 a.m. ET on Friday. The BLS announced a rise in total nonfarm payroll employment by 227,000, a stronger-than-expected figure, while the unemployment rate remained relatively stable at 4.2 percent. Their report highlighted significant job gains in industries such as […]

Volatility Ahead? $2.3 Billion in Bitcoin Options, $570 Million in Ethereum Options Expire Soon

A total of $2.3 billion worth of Bitcoin ($BTC) options are set to expire today, December 6, 2024, while an additional $570 million worth of Ethereum ($ETH) options contracts are to expire as well, injecting uncertainty into the cryptocurrency market. With a combined notional value of nearly $2.87 billion, the expiry of these contracts, representing […]

5 Reasons Why XRP Is Struggling Despite Trump’s Pro-Crypto Pick for U.S. SEC Chair

5 December 2024, will go down as a historic day in cryptocurrency. At approximately 2:33 a.m. UTC, Bitcoin (BTC) surged past the $100,000 milestone for the first time in history. This massive breakout came less than 10 hours after Donald Trump announced Paul Atkins, a pro-crypto former SEC commissioner, as his nominee for the next […]

Fed Chair Powell: Bitcoin Is ‘Just Like Gold,’ Except That It Is Digital’

On December 4, Federal Reserve Chair Jerome Powell, speaking at The New York Times DealBook Summit, provided a comprehensive overview of the U.S. economy, inflation trends, and his views on cryptocurrencies, particularly Bitcoin. Economic Strength and Inflation: Powell described the U.S. economy as being in a “very good place,” highlighting robust growth and a resilient […]

Bitcoin Whale Resurfaces After 11 Years After Its BTC’s Value Rose Over 15,000%

A Bitcoin whale that had been inactive for 11 years has resurfaced with a transaction of around $257 million in BTC after seeing the price of their holdings surge by over 15,300% since their last action. According to data shared by on-chain analysis service Lookonchain, the long-dormant Bitcoin whale received 2,700 BTC back in December […]

Bitcoin Exchange Reserves Hit Lowest Level in Years Amid Whale Accumulation

The total amount of Bitcoin exchange reserves has dropped to its lowest level in years after massive outflows have been seen since the US presidential election in early November led to a massive cryptocurrency market rally. According to data from on-chain analytics firm CryptoQuant, over 171,000 BTC have moved off of cryptocurrency trading platforms since […]

BlackRock’s iShares Bitcoin Trust ETF Now Holds $48 Billion in BTC

The world’s largest asset manager BlackRock has quickly become a major player in the cryptocurrency space after the U.S. Securities and Exchange Commission (SEC) approved the launch of various spot Bitcoin exchange-traded funds back in January, to the point it now holds over 500,000 BTC. According to data from the firm’s website its spot Bitcoin […]

MicroStrategy’s Bitcoin Holdings Surpass 400,000 BTC After New $1.5 Billion Investment

Nasdaq-listed business intelligence firm MicroStrategy has announced it acquired an additional 15,400 Bitcoin for $1.5 billion, at an average price of $95,976 per coin, which helped its total BTC balance surpass 402,100 coins. According to a post shared on the microblogging platform X (formerly known as Twitter) by the company’s co-founder and chairman, Michael Saylo, […]

Bitcoin Whales Accumulated $1.5 Billion in BTC Amid Panic Selling

Bitcoin whales have been taking advantage of the flagship cryptocurrency’s recent price dip to keep on accumulating BTC after short-term holders moved nearly $4 billion in the cryptocurrency to exchanges. According to CryptoQuant analyst Cauê Oliveira, Bitcoin whales took advantage of the “panic selling” to accumulate, with 16,000 BTC worth nearly $1.5 billion entered whale […]

Pantera Capital’s Bitcoin Fund Achieves 131,000% Lifetime Return

Crypto hedge fund Pantera Capital has revealed in a new post that its Patnera Bitcoin Fund’s lifetime return has recently topped 131,000% net of fees and expenses after the price of the flagship cryptocurrency Bitcoin surged to near $100,000 after the US elections. In the post, Pantera Capital’s CEO Dan Morehead shared an email forecasting […]

The Incoming Trump Administration ‘Has Lifted a Massive Regulatory Burden’ from the Crypto Space, Says Riot Platforms CEO

Recently, Jason Les, the CEO of bitcoin mining firm Riot Platforms, joined Yahoo Finance’s Catalysts to share his thoughts on Bitcoin’s recent price action and the implications of the incoming Trump administration for the cryptocurrency industry. Les began by addressing Bitcoin’s remarkable price movements since the election. While Bitcoin has experienced a brief pullback from […]

Bitcoin Holders Cash In: $2.02 Billion in Daily Profits as Price Nears $100,000 Milestone

Long-term Bitcoin holders have realized $2.02 billion in daily profits, an unprecedented figure that highlights the intensity of profit-taking activity as the price of Bitcoin neared the $100,000 mark earlier this month. According to a Glassnode report, the figures surpasses a previous record seen back in March of this year and a “robust demand side […]

Crypto Funds See Record $3.13 Billion Weekly Inflows, Led by Bitcoin, Solana, and XRP

Cryptocurrency investment products saw a record weekly inflow of $3.13 billion over the past week, bringing their total year-to-date inflows to $37 billion as the crypto market rally keeps on going. According to CoinShares’ latest Digital Asset Fund Flows weekly, Bitcoin investment products saw a total of $3.07 billion inflow over the past week, with […]

Bitcoin Nears 1 Million Daily Active Addresses as Bull Run Spurs On-Chain Surge

Bitcoin’s bull run this year has seen on-chain activity surge along with the flagship cryptocurrency’s price, to the point the number of daily active addresses is now nearing 1 million after its first prolonged increase in three years. According to data from on-chain analytics firm IntoTheBlock, Bitcoin’s long-term activity trend has “decisively shifted” as on-chain […]

Rumble Diversifies Treasury with $20M Bitcoin Bet, Inspired by MicroStrategy

Nasdaq-listed video-sharing and cloud services platform Rumble has announced  it’s allocating up to $20 million of its cash reserves to Bitcoin as its board of directors approved a “corporate treasury diversification strategy of allocating a portion of the company’s excess cash reserves to Bitcoin.” In a recent announcement, the company’s CEO Chris Pavlovski emphasized Bitcoin’s […]

Medical Technology Firm Semler Scientific (SMLR) Increases Its Bitcoin Holdings, Stock Price Surges 16%

Nasdaq-listed healthcare technology company Semler Scientific (SMLR) announced on Monday that it has acquired an additional 297 bitcoins while expanding its share offering program. According to the press release, the company purchased the bitcoins between November 18-22 for $29.1 million, paying an average of $97,995 per bitcoin, including fees. This brings Semler’s total holdings to […]

Bernstein: MicroStrategy Could Own 4% of All Bitcoin by 2033, Stock Target Price Raised to $600

Investment firm Bernstein has significantly raised its price target for MicroStrategy (MSTR) to $600 by the end of 2025, according to a Monday research note. Per a report by James Hunt for The Block, Bernstein’s analysts, led by Gautam Chhugani, project that MicroStrategy’s Bitcoin holdings could expand from its current 1.7% to approximately 4% of […]

As BTC Surges Past $99K, x2B Co-Founder Predicts Bitcoin Reaching $1M in Not Too Distant Future

On Friday, Michael Bressler and Benoit Bosc, co-founders of x2B, appeared on CNBC’s “Closing Bell Overtime” to discuss Bitcoin’s historic rally and the launch of their new crypto advisory firm. Bressler attributed Bitcoin’s surge past $99,000 to a confluence of events, including regulatory shifts, the election outcome, and the growing adoption of Bitcoin ETFs. He […]

VanEck Sets $180K Target for Bitcoin, Says ‘Regulatory Headwinds Are Turning Into Tailwinds’

In a recent blog post, VanEck’s Digital Assets Investment Analyst Nathan Frankovitz and Head of Digital Assets Research Matthew Sigel report that Bitcoin’s price has surged in a high-volatility, post-election rally. The VanEck analysts state that Bitcoin is now in uncharted territory with no technical price resistance. The VanEck team points out that this pattern […]

Bitcoin Rally Stalling? Coinbase Premium Disappears as BTC Nears $100,000 Resistance

As the price of the flagship cryptocurrency Bitcoin ($BTC) hovers around the $99,000 mark the Coinbase Premium Index, which measures the price difference between BTC on Coinbase and other exchanges, has “disappeared.” According to a post from CryptoQuant analyst “maartunn,” the index disappeared “as soon as Bitcoin tagged $98,000,” which means that spot exchange-traded funds […]

Allianz Bets Big: Germany’s Insurance Giant Acquires 24.75% of MicroStrategy’s $2.6 Billion Convertible Bonds

Germany’s largest insurance company Allianz has made a significant investment in MicroStrategy’s recent $2.6 billion convertible note offering, acquiring 24.75% of the bonds. Data on the investment was shared by pseudonymous analyst Petruschki, who added a screenshot from the Bloomberg Terminal on a post on the microblogging platform X (formerly known as Twitter) showing Allianz’s […]

Two Soaring MicroStrategy-Driven Leveraged ETFs Are Pushing Wall Street’s Risk Limits

MicroStrategy Inc.’s meteoric rise in recent weeks has placed its leveraged ETFs in the spotlight, sparking both investor enthusiasm and operational challenges for fund managers, according to a report published earlier today by Vildana Hajric for Bloomberg News. The T-Rex 2X Long MSTR Daily Target ETF (MSTU), launched by Matt Tuttle, has faced capacity limits […]

Bitcoin Miner MARA Holdings Secures $1 Billion Funding for Bitcoin Purchases and Debt Refinancing

On Thursday, Bitcoin mining giant MARA Holdings (NASDAQ: MARA) announced that it had successfully closed a $1 billion convertible senior notes offering on November 20, 2024. The offering includes an additional $150 million in notes issued when initial purchasers exercised their full 13-day option on November 19. The zero-interest convertible senior notes, maturing March 1, […]

As Bitcoin Nears $100K, Michael Saylor Explains How MicroStrategy (MSTR) Could Become the Most Profitable Company in U.S.

MicroStrategy’s stock experienced extreme volatility on Thursday, with a dramatic single-day trading range of nearly $139. The day began with an early surge to $535.74, but the momentum abruptly reversed just 13 minutes into the trading session when Citron Research disclosed its short position despite maintaining a bullish stance on Bitcoin. This announcement triggered an […]

Spot Bitcoin ETFs Cross $100 Billion Milestone Amid $30 Billion Inflows and BTC Price Surge

The total assets under management of the 11 spot Bitcoin exchange-traded funds (ETFs) approved by the U.S. Securities and Exchange Commission earlier this year have crossed the $100 billion milestone after seeing nearly $30 billion inflows and amid BTC’s price rise. According to data from SoSoValue, spot Bitcoin ETFs in the US now have around […]

MicroStrategy (Nasdaq: MSTR) Stock Is Overvalued, Claims Citron Research

MicroStrategy’s stock showed remarkable volatility Thursday morning, falling to $467.53 by 11:36 AM EST, down over $6 from its previous close of $473.83. The intraday chart reveals a particularly turbulent morning session, with the stock opening near $520 before experiencing a sharp decline to around $440, followed by a partial recovery. This volatile trading occurs […]

Bitcoin’s Path to $130K Explained by Piper Sandler’s Chief Technician

Craig Johnson, Chief Market Technician at Piper Sandler, shared his market views in an interview on CNBC. His comments touched on Bitcoin’s momentum, sector performance trends, and key individual stocks, with all remarks reflecting his expert analysis. Johnson described Bitcoin’s recent breakout as a bullish technical signal after months of consolidation. According to him, the […]

Bitcoin Outperforms Every Other Asset, With a Compound Annual Growth Rate of 40%, Says Natalie Brunell

In a recent interview with Kitco News, Natalie Brunell, a Bitcoin educator and host of the Coin Stories podcast, shared her thoughts on U.S. Senator Cynthia Lummis’s groundbreaking proposal for a U.S. Bitcoin Strategic Reserve. According to Brunell, Senator Lummis has suggested converting part of the U.S.’s vast gold reserves into Bitcoin. Brunells says that […]

Galaxy Digital CEO Explains Why a Trump-Led Bitcoin Strategic Reserve Is Unlikely for the U.S.

On Wednesday, Mike Novogratz, CEO of Galaxy Digital, joined Yahoo Finance’s Julie Hyman and Madison Mills on “Catalysts” to discuss Bitcoin’s rally and the potential impact of President-elect Donald Trump’s Cabinet nominations on digital assets. As Bitcoin surged past $94,000, Novogratz shared his thoughts on regulatory shifts, Bitcoin’s future trajectory, and its role in the […]

Bitcoin Breaks $98,000 as Stablecoin Inflows Hit All-Time Highs Near $10 Billion

A surge in stablecoin inflows to cryptocurrency exchanges has ignited speculation that Bitcoin could reach the coveted $100,000 milestone before the end of November. Stablecoin inflows to cryptocurrency trading platforms have recently skyrocketed to a new monthly high near the $10 billion mark, suggesting investors are allocating additional capital to the cryptocurrency space as prices […]

QCP Capital: Nasdaq’s Spot Bitcoin ETF Options Launch Signals Institutional Boom

On 19 November 2024, Nasdaq began listing options on BlackRock’s spot Bitcoin ETF (ticker: IBIT). According to a report by Bloomberg, this launch follows over 10 months of collaboration between Nasdaq, BlackRock, and regulators, including the Commodity Futures Trading Commission (CFTC) and the Options Clearing Corporation. Alison Hennessy, Nasdaq’s Head of ETP Listings, confirmed the […]

Bitcoin Whales Accumulate Amidst Record Price Highs and Wall Street’s Growing ETF Interest

Bitcoin’s largest holders, colloquially known as “whales,” haven’t seemingly taken advantage of the cryptocurrency’s massive price rise so far this year, and instead are still accumulating BTC at current price levels. According to data from on-chain analysis firm IntoTheBlock, net outflows among the biggest Bitcoin wallets have remained exceptionally low throughout the year as these […]

MicroStrategy Strengthens Bitcoin Position With $4.6 Billion BTC Acquisition, Totaling 331,200 Coins in Treasury

Nasdaq-listed business intelligence firm MicroStategy has further cemented its position as the leading corporate holder of Bitcoin after a major $4.6 billion acquisition of 51,780 BTC, bringing its total holdings to a staggering 331,200 coins. According to data from BitcoinTreasuries, MicroStrategy has bought its Bitcoin stash at an average cost of $49,874 per BTC, having […]

Cryptocurrency Investment Products See Record $33.5 Billion Year-to-Date Inflows

Cryptocurrency investment products saw a record $33.5 billion inflows so far this year after seeing more than $2.2 billion coming in over the past week amid a cryptocurrency market rally that helped the price of Bitcoin hit a new all-time high above $93,000. According to CoinShares’ latest Digital Asset Fund Flows report, the total assets […]

Binance Sees Persistent Bitcoin Outflows as Price Holds Near $90,000, Signal of Long-Term Bullish Sentiment

On-chain data shows that there have been persistent outflows from leading cryptocurrency exchange Binance, even as the price of Bitcoin hovers around the $90,000 mark, down from a new all-time high above $93,000. As highlighted by a recent CryptoQuant Quicktake post, Binance’s Exchange Netflow has consistently registered negative values over the past few weeks. The […]

Goldman Sachs Increases Bitcoin ETF Exposure by 83% to Now Hold $710 Million

Wall Street giant Goldman Sachs has revealed in a new filing with the U.S .Securities and Exchange Commission that it significantly increased its exposure to spot Bitcoin exchange-traded funds (ETFs). In a new 13F filing, the Wall Street titan revealed it holds $710 million worth of various spot Bitcoin ETFs, including 12.7 million shares in […]

Incoming Volatility? $4 Billion Options Expiry Looms Over Crypto Market

A total of $3.4 billion worth of Bitcoin ($BTC) options are set to expire today, November 15, 2024, while an additional $580 million worth of Ethereum ($ETH) options contracts are to expire as well, injecting uncertainty into the cryptocurrency market. With a combined notional value of nearly $4 billion, the expiry of these contracts, representing […]

Prominent Crypto Analyst Willy Woo Predicts Bitcoin Price Targets: $88K Consolidation, $102K Next

Prominent Bitcoin analyst Willy Woo recently shared his insights on social media platform X (formerly Twitter), forecasting Bitcoin’s upcoming price movements. According to Woo, Bitcoin is currently navigating a phase of unfettered price discovery, having broken into new all-time highs. His analysis hinges on Fibonacci levels and market liquidation data to predict potential resistance points […]

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