Day: November 29, 2024

Bitcoin Miner MARA Buys Another 703 BTC, Increases Total Holdings To 34,794 BTC

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Este artículo también está disponible en español. Bitcoin mining firm MARA – formerly known as Marathon Digital – has announced the acquisition of an additional 703 BTC. This purchase increases the company’s total cryptocurrency holdings to 34,794 BTC. MARA’s Bitcoin Holdings Surge To 34,794 As CEO Shares Bullish Outlook In an announcement made yesterday on X, MARA, one of the world’s leading Bitcoin mining companies, revealed it had acquired 703 BTC at an average price of $95,395. This brings the firm’s total Bitcoin purchases for November to 6,474 BTC, following…

Bitcoin Could See Inflows Worth $2.28 Trillion in 2025: Insights From OKG Research

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OKG Research’s forecast of $2.28 trillion in bitcoin inflows by 2025 underscores the asset’s growing importance in the global financial ecosystem. Bitcoin Can Hit Another Landmark in 2025 The cryptocurrency market is no stranger to bold predictions, and a new report by OKG Research, the research division of the Oko Cloud Chain Institute forecasts that […] Original

Is Now The Time To Buy Bitcoin? On-Chain Data Reveals Key Indicators

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Este artículo también está disponible en español. After briefly retreating to $90,000 earlier in the week, Bitcoin has rebounded strongly, climbing above the $95,000 price. Currently trading at $95,224, Bitcoin has recorded a 7% gain over the past two weeks, signaling renewed bullish momentum. Related Reading Key Indicators Highlight Best Buying Opportunities As Bitcoin continues its rally, CryptoQuant, a prominent on-chain analytics platform, has shared insights into key metrics that could help potential investors determine optimal entry points. Drawing on historical data and market behaviour, CryptoQuant highlights the patterns of…

Hong Kong Seeks Crypto Hub Status With Tax Breaks

Hong Kong is proposing tax breaks for hedge funds, private equity funds, and wealthy individuals investing in cryptocurrencies. Hong Kong and Singapore Vie for Top Financial Hub Spot Hong Kong authorities have reportedly proposed exempting hedge funds, private equity funds, and wealthy individuals from paying taxes on gains from cryptocurrencies. The proposals, aimed at making […] Source CryptoX Portal

Bitcoin ETFs lagged behind Ether ETFs ahead of Thanksgiving

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Spot Bitcoin exchange-traded funds in the U.S. have experienced significantly lower inflows compared to their Ethereum counterparts during the last four trading days, from Nov. 22 to the day before Thanksgiving. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $32.2 million in inflows over the last four trading days between Nov. 22 and Nov. 27, which stood significantly lower than the $224.8 million inflows recorded by the nine spot Ethereum ETFs over the same period. The interesting scenario comes as Bitcoin saw a 2.7% drop in its…

Holiday Hype: Bitcoin Set For Thanksgiving Rebound To $99,000, Analyst Says

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As US markets closed for Thanksgiving Day, the largest cryptocurrency on the market, Bitcoin (BTC), recovered the $96,000 mark, inching closer to its all-time high of $99,500 and the much-coveted $100,000 milestone.  Analysts Skeptical Of Sustaining Momentum Toward $100,000 Recent fluctuations in Bitcoin’s price have been attributed to a combination of profit-taking by long-term holders and broader market dynamics. As noted by Andre Dragosch, head of research for Europe at Bitwise, significant amounts of Bitcoin have been distributed into the recent rally, leading to increased supply.  Despite the recent rally,…

Elon Musk’s D.O.G.E. Targets The IRS: Taxman In The Crosshairs

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Este artículo también está disponible en español. The incoming heads of the newly established Department of Government Efficiency (D.O.G.E.) have an ambitious plan of slashing federal agencies’ spending by $2 trillion, locking in its crosshairs several agencies for sweeping budget cuts. Related Reading One of the D.O.G.E. leaders, Tesla CEO Elon Musk, said that he targets to reduce federal spending on the Internal Revenue Service (IRS). Targeting The IRS The dynamic duo of Musk and Vivek Ramaswamy vowed to orchestrate a spending cut on federal agencies, aiming to reduce the…

Solana (SOL) Momentum Builds: $250 Could Just Be The Beginning

Solana started a fresh increase from the $220 zone. SOL price is rising and aiming for a sustained upward move above the $250 resistance. SOL price started a fresh increase after it settled above the $225 level against the US Dollar. The price is now trading above $240 and the 100-hourly simple moving average. There was a break above a key bearish trend line with resistance at $240 on the hourly chart of the SOL/USD pair (data source from Kraken). The pair could start a fresh increase if the bulls…

Cardano’s Hoskinson believe Bitcoin will surpass $250,000

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Bitcoin, the world’s largest cryptocurrency by market capitalization, is heading to the next target price of $100,000 after rising 33% in just a month, but Cardano’s founder projects beyond. Founder of Cardano Charles Hoskinson projects that Bitcoin will reach the price target of $250,000 in just 2 years. He believes that the target price is the lowest target to achieve, yet the highest target is $500,000. According to Hoskinson’s YouTube live video posted on Nov. 27, he noted that several factors would increase the Bitcoin price in the future, including the massive…

Yield Chasers Propel Ethena’s USDE to $4.12B Market Cap in the Bull Market Frenzy

Based on current data, the stablecoin market has seen a notable expansion. This week, Ethena’s yield-bearing token, USDE, has reached a peak valuation of over $4.12 billion. Ethena’s USDE Tops $4.12 Billion: Is the Stablecoin Market Shifting Toward Yield? Yield-bearing stablecoins have steadily carved out a significant role in the market, with Ethena’s USDE now […] Source CryptoX Portal