Category: Bitcoin News

ETH/BTC pair hits YTD low as Bitcoin Leads Market

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ETH/BTC hits its lowest level this year as Bitcoin soars to a new all-time high, fueling market dominance debates. Bitcoin (BTC) reached an all-time high of $97,862.64 (1 a.m. EST). At the same time, Ethereum (ETH) continues to lag behind, with its performance against Bitcoin dropping to the lowest levels this year. BTC, consolidating near $97,379.69 at press time, has only opened questions on whether ETH can regain speed or mark a broader pullback in altcoins due to BTC’s rally.  Bitcoin Dominance Rises: According to CoinMarketCap, BTC’s share of the…

Nasdaq-listed antibiotics developer Acurx to put $1m in Bitcoin on balance sheet

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Public biopharmaceutical company Acurx Pharmaceuticals said it plans to buy up to $1 million worth of Bitcoin to hold as a “treasury reserve asset.” Acurx Pharmaceuticals, a biopharmaceutical company developer new antibiotics for hard-to-treat bacterial infections, is set to purchase up to $1 million in Bitcoin (BTC) to hold the cryptocurrency as a “treasury reserve asset” on its balance sheet. In a Nov. 20 press release, the New York-headquartered company said the board-approved strategy will be beneficial for it as it leverages Bitcoin’s characteristics, which will provide a “functional store…

Bitcoin broke $97k with 83% odds of reaching $100k this month

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Bitcoin has been consistently hitting new all-time highs over the past two weeks.  Bitcoin (BTC) is up 5.8% in the past 24 hours and is trading at an ATH of $97,750 at the time of writing. The digital gold’s market cap is currently sitting at $1.93 trillion with a 57.9% dominance over the crypto market. BTC price | Source: crypto.news Its daily trading volume also broke the $85 billion mark. Thanks to the strong bullish momentum, a poll on the market prediction platform Polymarket shows that Bitcoin has an 83%…

Bitcoin ETFs see third straight day of inflows as BTC clocks new ATH

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Spot Bitcoin exchange-traded funds in the United States recorded their third consecutive day of inflows on Nov. 20, with $773.47 million entering the funds as Bitcoin reached a new all-time high of over $97K. According to data from SoSoValue, the cumulative inflows into U.S. Bitcoin ETFs over the past three trading days surpassed $1.8 billion. The momentum comes amid growing optimism surrounding Bitcoin’s future, particularly as regulatory clarity seems to be improving under the upcoming administration of President-elect Donald Trump, who has vowed to position the United States as the…

Grayscale will begin trading Bitcoin ETF options

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Grayscale will start trading the Bitcoin ETF options for both products on November 21, following BlackRock’s IBIT options trading on the previous day, which reached $1.9 billion in a day. An American asset manager, Grayscale Investment LLC, announced on their X’s post on Nov. 20 that both of their Bitcoin spot ETF products will be available for options trading on Thursday. “Grayscale thrilled that Options trading on both $GBTC and $BTC will begin tomorrow, further the developing ecosystem around our U.S.-listed #Bitcoin ETP,” the company official X said. Grayscale Bitcoin Trust (GBTC)…