Author: Oscar
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Crypto Market Loses $500M as Bitcoin Retraces to $95K
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The cryptocurrency market faced a sharp correction over the weekend, wiping out $500 million in liquidations and impacting nearly 187,000 traders. Bitcoin (BTC) briefly dropped to $95,700 before rebounding, while altcoins experienced significant losses. Market Wipeout: $500M in Liquidations A turbulent weekend saw $495 million liquidated across exchanges within 24 hours. Bitcoin accounted for $80.9…
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Trump Nominates Pro-Crypto Hedge Fund Manager for Treasury Secretary
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U.S. President-elect Donald Trump has chosen Scott Bessent, a cryptocurrency enthusiast and hedge fund manager, as his pick for Treasury Secretary. If confirmed by the Senate, Bessent’s signature will grace U.S. paper currency, representing a notable shift toward a pro-digital asset stance in government. Bessent, the founder of Key Square Group, a macro investment firm,…
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Bitcoin’s Six-Figure Surge: $125K by New Year?
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Bitcoin’s price trajectory has sparked excitement in prediction markets, with an 85% chance of the cryptocurrency reaching $100,000 by the end of 2024, according to data from Kalshi. Some forecasts are even wilder, placing Bitcoin at $125,000 or more by New Year’s Day, while a smaller segment bets on $150,000 or even $250,000. Bulls Drive…
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Bitcoin Surges as SEC Chair Gary Gensler Announces Resignation
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Gary Gensler, chair of the US Securities and Exchange Commission (SEC) and a prominent critic of the cryptocurrency industry, has announced his resignation. Gensler will officially leave his position on 20 January 2025, the day Donald Trump is inaugurated as the next US president. In a post on X, Gensler expressed gratitude to President Joe…
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UK to Regulate Stablecoins and Staking by 2025
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The UK Labour government has announced plans to introduce a unified regulatory framework for cryptocurrencies, focusing on stablecoins and staking, by early 2025. The initiative, revealed at the City & Financial Global Tokenisation Summit in London, aims to ensure the UK remains competitive in the global crypto landscape. Unified Framework for Streamlined Oversight Economic Secretary…
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Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction
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Bitcoin recently surged to an all-time high of $98,367, driven by speculation that President-elect Donald Trump’s administration may create a dedicated cryptocurrency policy role. The rally has sparked optimism for Bitcoin to breach the $100,000 milestone by late 2024, with crypto betting platforms showing 92% confidence in this price target. This bullish momentum has also…
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MicroStrategy Raises $2.6B to Buy More Bitcoin
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MicroStrategy, the largest corporate Bitcoin holder, has increased its convertible senior note offering from $1.75 billion to $2.6 billion. The funds raised are earmarked for acquiring more Bitcoin, the company announced. Founder Michael Saylor highlighted overwhelming investor demand for the 0% convertible bonds, due in 2029. The offering includes a $400 million greenshoe option, allowing…
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MicroStrategy Enters Top 100 U.S. Companies with Bitcoin-Fueled Surge
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MicroStrategy (MSTR), the self-proclaimed bitcoin (BTC) development company, has officially secured its place among the top 100 publicly traded U.S. companies. Currently ranked 97th, the company has seen an extraordinary 500% year-to-date growth, driven by its strategic embrace of bitcoin as a treasury asset. Market Milestones and Bitcoin Boost The firm’s stock closed at $430…
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Trump’s Crypto Vision Gains Momentum with Coinbase and Bakkt Talks
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Donald Trump, the president-elect of the United States, is swiftly delivering on his pro-crypto campaign promises. From forging ties with Coinbase to exploring acquisitions in the crypto sector, Trump’s vision of making America a “crypto capital” is taking off. Meeting with Coinbase CEO Trump is set to meet Coinbase CEO Brian Armstrong in the coming…
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Ethereum Targets $4,000 as Whale Accumulation Surges
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Ethereum (ETH) is gaining momentum, with analysts predicting a potential surge to $4,000. The second-largest cryptocurrency by market cap has seen a resurgence in investor confidence, supported by strong market fundamentals and whale activity. Market Cap Growth and Key Metrics Ethereum‘s market cap has climbed significantly, rising from a monthly low of $280 billion to…