Tag: Bitcoin

  • Crypto Market Loses $500M as Bitcoin Retraces to $95K

    Crypto Market Loses $500M as Bitcoin Retraces to $95K

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    Oscar

    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…

  • Bitcoin ETFs Hit Record Highs with Over $3.1 Billion in Weekly Inflows

    Bitcoin ETFs Hit Record Highs with Over $3.1 Billion in Weekly Inflows

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    Issac Lane

    Investor enthusiasm remains strong as Bitcoin ETFs mark new milestones amid a parabolic price rally. Record Weekly Inflows for Spot Bitcoin ETFs United States-based spot Bitcoin exchange-traded funds (ETFs) reached a record $3.12 billion in inflows during the week of November 18–22, according to CoinShares data. This represents a 102% surge from the previous week’s…

  • India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

    India investigates CBDCs as the payment system of the future and seeks cross-border mobile payments.

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    V Sinclair

    India will likely establish mobile payment ties with other countries to improve cross-border payments, trades, and remittances. Deputy Governor of Reserve Bank of India, T. Rabi Sankar, shared that India is shaping up its mobile payment infrastructure with several countries, with Bloomberg. Sankar further elaborated that arrangements are already in place with Sri Lanka and that talks…

  • Bitcoin Predicted to Hit $100K by Year-End as Bulls Dominate

    Bitcoin Predicted to Hit $100K by Year-End as Bulls Dominate

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    Issac Lane

    Prediction markets strongly favour six-figure Bitcoin prices, while institutional inflows and sell-side pressure shape the market. 85% Odds of Bitcoin Reaching $100K by New Year Bitcoin’s journey toward a six-figure valuation appears inevitable, with prediction markets assigning an 85% chance of BTC surpassing $100,000 by 31 December 2024. Data from the betting platform Kalshi also…

  • Bitcoin’s Six-Figure Surge: $125K by New Year?

    Bitcoin’s Six-Figure Surge: $125K by New Year?

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    Oscar

    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…

  • Bitcoin Surges as SEC Chair Gary Gensler Announces Resignation

    Bitcoin Surges as SEC Chair Gary Gensler Announces Resignation

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    Oscar

    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…

  • Bitcoin Holds Strong Amid $2.6B Options Expiry, Eyes $100K Milestone

    Bitcoin Holds Strong Amid $2.6B Options Expiry, Eyes $100K Milestone

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    Issac Lane

    Despite a temporary dip during the $2.6 billion options expiry, Bitcoin remains on track toward a potential six-figure rally. Bitcoin Surges Before Options Expiry Bitcoin hit an all-time high of $99,523 on 22 November at 7:30 am UTC, just 30 minutes before a massive $2.67 billion options expiry. The expiry, with a “max pain” price…

  • Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction

    Bitcoin Eyes $100K Milestone, But Analysts Warn of Possible Correction

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    Oscar

    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…

  • MicroStrategy Raises $2.6B to Buy More Bitcoin

    MicroStrategy Raises $2.6B to Buy More Bitcoin

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    Oscar

    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…

  • MicroStrategy Enters Top 100 U.S. Companies with Bitcoin-Fueled Surge

    MicroStrategy Enters Top 100 U.S. Companies with Bitcoin-Fueled Surge

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    Oscar

    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…