Reports indicate that China is considering changing its negative stance toward bitcoin and cryptocurrency, as the next U.S. administration adopts a more open policy toward the cryptocurrency industry. This shift would be a direct result of President Trump’s support for crypto. China Considering Pivot on Its Bitcoin Strategy Due to President Trump’s Ideas The new […] Original
Bitcoin trades at $99,340.23, approaching the $100K mark as retail investors retain market dominance. What is more interesting about this rally is the dominance of retail investors, who currently account for 88.07% of all Bitcoin (BTC) in circulation, according to The Block. Contrary to the recent claims that institutional investors are leaving retail investors behind in ownership of BTCs, the asset is still in the hands of retail investors, which underlines their stronghold in the market. This grassroots stronghold contrasts the much smaller shares held by whales at 1.26% and…
The Russian government might face an influx of illegal bitcoin miners due to rising prices and the impending ban on bitcoin mining in key regions. Analysts state that if authorities fail to address this upcoming problem, it could lead to illegal mining becoming a popular activity. Russian Miners Likely to Engage in Illegal Bitcoin Mining […] Original
Spot Bitcoin exchange-traded funds in the United States saw a significant surge in inflows on Nov. 21, as Bitcoin inches closer to breaking the $100K barrier. According to data from SoSoValue, the 12 spot Bitcoin ETFs logged $1 billion in inflows on Thursday, extending their inflow streak to four days, which netted over $2.8 billion in total inflows during this period. Notably, the inflows seen on Nov. 21 were the highest in the last eight trading days, surpassing the $1.11 billion recorded on Nov. 11. BlackRock’s IBIT led the pack…
Strength in BTC is leading to a rotation in other major tokens ahead of the weekend, buoyed by renewed bullish hopes about a crypto-friendly Trump administration that takes office in January. Original
Bitcoin price is rising steadily above the $95,000 zone. BTC is showing positive signs and might soon hit the $100,000 milestone level. Bitcoin started a fresh increase above the $95,000 zone. The price is trading above $95,000 and the 100 hourly Simple moving average. There is a key bullish trend line forming with support at $95,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could continue to rise if it clears the $100,000 resistance zone. Bitcoin Price Sets Another ATH Bitcoin price remained supported…
Based on the most recent data using the seven-day simple moving average (SMA), bitcoin’s hashrate climbed to an unprecedented peak on Nov. 21, reaching 776 exahash per second (EH/s) for the very first time. Bitcoin’s Computational Power Hits Stratospheric Levels On Thursday, bitcoin (BTC) soared to a fresh all-time high, hitting $99,121 per coin. This […] Original
A U.S. senator has proposed selling gold reserves to create a strategic bitcoin reserve, a revolutionary move to bolster the dollar and tackle U.S. national debt. Selling Gold for Bitcoin: US Senator’s Game-Changing Proposal U.S. Senator Cynthia Lummis (R-WY) shared insights during a Thursday interview with CNBC as bitcoin reached a historic peak. She attributed […] Original
Microstrategy has finalized a $3 billion convertible note offering, further bolstering its position as a leading bitcoin (BTC) holder with 331,200 BTC now valued at $32.519 billion. Microstrategy Finalizes Convertible Notes Sale Worth $3 Billion Microstrategy Incorporated (Nasdaq: MSTR), known for its significant bitcoin (BTC) investments, has completed a $3 billion offering of convertible senior […] Original
According to Reuters, President-elect Donald Trump’s incoming crypto advisory council is reportedly considering establishing a strategic bitcoin reserve. This idea sparked a response from economist and gold bug Peter Schiff, who shared his perspective on the concept of a BTC reserve. Trump’s Transition Reportedly Eyes Bitcoin Reserve, Schiff Fires Back at Fiscal Misstep On Thursday, […] Original