Month: March 2024

MicroStrategy buys $820m in Bitcoin after debt security sale

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As Bitcoin usurped silver as the eighth most valuable asset, Michael Saylor’s MicroStrategy filled its digital coffers with more cryptocurrency.  Virginia-based enterprise software firm MicroStrategy scooped an additional $821.7 million worth of Bitcoin (BTC) following its convertible notes offering to stack more of the world’s leading crypto.  MicroStrategy acquired 12,000 BTC from its debt security sale proceeds and excess cash. The company founded by Bitcoin maxi Michael Saylor bought its latest stash at an average price of $68,477 per BTC, reaffirming Saylor’s promise always to buy the top.  The Tysons…

Here’s how BCH Price could react

Bitcoin Cash’s price hit a yearly peak of $527 on March 3 but has since decoupled from the market trend, bringing the upcoming halving event to the forefront. Despite the crypto market uptrend, Bitcoin Cash (BCH) price has struggled to maintain its bullish momentum in the past week. Historical market data provides critical insights into how the next Bitcoin Cash halving event could impact BTC price action.  Miners enter $1.1 billion selling spree ahead of halving Bitcoin Cash has a four-year or 200,000-block halving cycle. The first occurred on April 8,…

Turn $1,000 Into $1 Million

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In a post via X (formerly Twitter), crypto analyst cyclop (@nobrainflip) has shared a bold prediction and personal success story with his 370,000 followers. Cyclop revealed a staggering $2.5 million profit from an initial investment of $8,000 within a year, attributing a significant portion of this success to investments in Solana-based meme coins. Cyclop’s statement reads, “I made $2.5 million from $8,000 in a year. Most of the profit was made on $SOL meme coins 3 months ago: x400 on ANALOS, x30 on POPCAT, x8 on SILLY. Solana meme season…

Silver’s $1.3T Market Cap Surpassed by BTC

Next up in bitcoin’s sight is the globe’s seventh most valuable asset, Google parent Alphabet, whose current valuation is just shy of $1.7 trillion. Some bitcoin bulls have their sights set on the world’s most valuable property – gold and its $14.7 trillion market cap. To get there, bitcoin would have to rise more than 10-fold, or past $720,000 per token. Source

Record $1 Billion In Shorts Risk Liquidation If Bitcoin Hits This Price

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The Bitcoin price is creeping up once again, rising to a new all-time high above $71,000 in the early hours of Monday. As the price surge continues, it has put a record number of shorts at risk, where a less than 10% move upward from here will see $1 billion in shorts liquidated. $1 Billion In Shorts At Risk Of Liquidation Crypto trader and analyst Ash Crypto took to X (formerly Twitter) to share a map that showed the number of short positions at risk as the price of Bitcoin…

Stablecoin USDT Now Available on Celo

“The integration of Tether USDT on the Celo platform, which is built for the real world, will represent a significant step forward in our mission. By leveraging the unique capabilities of Celo, we can further enhance the usability and accessibility of Tether for millions of people,” said Paolo Ardoino, CEO of Tether. Source

Ethereum Technical Analysis: ETH Secures Position Above $4,000 Following Key Resistance

On March 11, ethereum’s price action painted a bullish picture, closing at $4,053 after touching a low of $3,800. With oscillators signaling mixed sentiments and moving averages strongly favoring buyers, the digital currency showcased a strong performance amidst a trading volume of $27.57 billion. Ethereum Ethereum’s (ETH) journey on March 11 marked a significant upturn, […] Source CryptoX Portal

Bitcoin (BTC) Receives Praise from Trump

To be sure, the GOP standard bearer for the 2024 presidential election is a long way from becoming a Bitcoin maxi or showing anything other than a passing interest in the crypto. “I want one currency, I want the dollar, I don’t want people leaving the dollar,” he continued, before moving on talking about the great interest shown in some of his NFT offerings. “People were going crazy for these things [NFTs], and so many of these were bought with this new cryptocurrency and I couldn’t believe the amount,” he…