Day: November 29, 2024

Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each

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Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year. The latest distribution is aimed at eligible creditors affected by Celsius’ collapse and subsequent Chapter 11 bankruptcy filing, which temporarily halted withdrawals before the reorganization efforts.  Celsius Implements Changes To Second Distribution According to court documents, the funds…

Boyaa Interactive becomes Asia’s largest corporate Bitcoin holder

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Boyaa Interactive, a Chinese gaming giant, has become the largest corporate holder of Bitcoin in Asia, overtaking Japan’s Metaplanet. This follows Hong Kong-listed Boyaa Interactive’s move to convert $49.48 million worth of Ethereum (ETH) into Bitcoin (BTC), which it disclosed on Nov. 29. Boyaa’s ETH to BTC conversion occurred between Nov. 19, 2024, and Nov. 28, 2024, with 14,200 ETH converted to approximately 515 BTC, the company said. According to a filing, the conversion of $49.48 million worth of Ether to Bitcoin was conducted in the open market. Boyaa Interactive…

Crypto Guru Reveals His Top 10 AI Altcoins For 2025

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Este artículo también está disponible en español. Miles Deutscher, a prominent crypto analyst with over 575,000 followers on X (formerly Twitter), has unveiled his top ten artificial intelligence (AI) altcoins poised for significant growth by 2025. Emphasizing the burgeoning potential of the AI sector within the cryptocurrency landscape, Deutscher suggests that this could be “the biggest opportunity of the bull run.” Why AI Offers A Lot Of Potential Deutscher highlights the rapid expansion of the global AI market, noting that it grew by approximately $50 billion between 2023 and 2024.…

Bitcoin CME futures hit $100k, but spot price hasn’t caught up

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Bitcoin touched $100,000 on the CME Futures platform while the token’s spot price remained slightly lower during Thanksgiving. TradingView data tracking Bitcoin (BTC) CME Futures showed that the largest cryptocurrency crossed $100,085 on the derivatives marketplace during the late morning hours of Nov. 29. Meanwhile, BTC’s spot price lingered at $98,285 after reaching its $99,645 all-time high on Nov. 22. The subsequent pullback to $91,000 after hitting ATH prompted experts to comment on a “BTC cool-down.” 24-hour BTC price chart – Nov. 29 | Source: crypto.news CME Futures data suggests…

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week. Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January. Key…

Algorand price surges as crypto pundit sees it hitting $1.25

Algorand price experienced a strong bullish breakout on Nov. 29 as cryptocurrencies continued their uptrend. Algorand (ALGO), a top layer-1 network, surged to $0.40, marking its highest level since November 2022. The cryptocurrency has risen for four consecutive weeks, climbing over 240% from its lowest level this year. Crypto analysts are still optimistic about the ALGO price. In an X post, Steph is Crypto, a popular analyst, noted that the coin would jump to $1.26. He cited a double-bottom pattern that happened on the weekly chart. If this forecast is…

Bitcoin Technical Analysis: BTC Eyes 6-Digit Range Despite Resistance

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In the last hour, bitcoin’s price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency’s technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark. Bitcoin Bitcoin’s (BTC) 1-hour chart reveals […] Original

Ethereum Profit Streak Signals ATH Breakout For Over 90% Of Investors

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Ethereum (ETH) is once again in the news, but this time it’s good news for buyers. Recent data shows that over 90% of Ethereum users are now making money because the price of the cryptocurrency has risen to impressive levels. According to IntoTheBlock, this upward trend is the best time in five months for people who own ETH to make profits. Inspired by Bitcoin’s comeback above $96,000, the token jumped to $3,680, its biggest level since June. While Bitcoin cleared the path, Ethereum’s momentum is clearly seen since it broke…

How high can Ripple’s XRP price get in December 2024?

Ripple price is in a strong bull run, fueled by positive momentum and favorable ecosystem developments. Ripple (XRP) has risen for four consecutive weeks, reaching $1.70, its highest level since May 2021. The token has surged by over 240% this month, pushing its market capitalization above $96 billion. XRP’s rally stems from strong fundamentals, including significant legal victories and favorable political developments. Ripple won a major court case against the SEC in July last year, followed by a court ordering the company to pay $250 million. This represents a much…

Bitcoin slips but these 3 altcoins are gaining investors’ attention

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Bitcoin dips as investors shift focus to three rising altcoins gaining traction, according to Santiment’s latest report. Bitcoin‘s price has slipped, prompting investors to explore other options. Santiment reports that three altcoins are gaining significant attention in the crypto market. As the leading cryptocurrency faces challenges, these alternative assets are rising in prominence. Discover which digital coins are attracting investors and why they are standing out during Bitcoin’s downturn.…