Tag: Bitcoin

Marathon upsizes convertible note offering to $850m to buy more Bitcoin

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Crypto mining company Marathon has upsized its convertible note offering by $150 million to buy even more Bitcoin. Bitcoin (BTC) mining company Marathon Digital Holdings has upsized its convertible debt offering to $850 million from $700 million to buy more Bitcoin. In a press release on Tuesday, Nov. 19, the Bitcoin miner said the 0.00% notes, set to mature on March 1, 2030, will be sold in a private offering to qualified institutional buyers. The offering is expected to close on Nov. 20, pending customary conditions. Holders of the notes…

Bitcoin Hashrate Falls Off, Miners Expecting Pause In Bull Run?

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On-chain data shows the Bitcoin Hashrate has seen a setback recently, a potential indication that miners may not believe the asset’s run would last. Bitcoin Mining Hashrate Has Declined Since Its All-Time High The “Hashrate” refers to a metric that keeps track of the miners’ total computing power currently attached to the Bitcoin network. This indicator’s value is measured in terms of hashes per second (H/s) or the larger and more practical, terahashes per second (TH/s). When the value of this metric registers an increase, it means new miners are…

Crypto Analyst Warns of Potential Bitcoin Market Shift as Exchange Reserves Decline

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Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing short of cinematic. His journey began not with a triumphant investment, but with a scam. Yes, a Ponzi scheme that used crypto as payment roped him in. Rather than retreating, he emerged wiser and more…

Satoshi Action Fund Open-Sources Strategic Bitcoin Reserve Model, Hints at Executive Order Implementation

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Dennis Porter, CEO and co-founder of the Satoshi Action Fund, recently announced the open-sourcing of a document for enacting Strategic Bitcoin Reserve laws internationally. He stated that several lawmakers are using the legislative model and that a related executive order to implement it could be on its way. Satoshi Action Fund CEO Releases Strategic Bitcoin […] Original

Whale buying spree pushed Bitcoin to $92k; can it reach $100k before December?

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The latest wave of whale accumulation helped Bitcoin get close to its all-time high, surpassing $92,000. Large Bitcoin (BTC) addresses recorded a net inflow of 21,470 BTC on Monday, Nov. 18, according to data from IntoTheBlock.  The amount of whale transactions, worth at least $100,000 in BTC, also doubled to $78.37 billion in almost 23,000 unique transactions on the same day, ITB data shows. Bitcoin registered a total of over $228 billion in whale transactions over the last seven days. One of the largest Bitcoin holders purchased the asset on…

Bitcoin ‘Parabolic Phase Just Begun’, BTC To $100K This Week?

Este artículo también está disponible en español. Bitcoin (BTC) started the week by breaking out of a bullish pattern after moving sideways for most of the weekend. The flagship cryptocurrency just started its “parabolic phase,” sitting 3.4% below its all-time high (ATH), which could bring “massive moves” for BTC this week. Related Reading Bitcoin ‘Parabolic Phase’ Just Started Bitcoin has seen a massive surge in the last two weeks, jumping 32% to the $89,000-$90,000 price range. BTC’s remarkable performance saw it soar 11% last Monday, preparing the ground for its…

Bitcoin ETFs resume with $254.82m, ETH funds lag

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Spot Bitcoin and Ethereum exchange-traded funds in the United States have started the week moving in different directions as the broader cryptocurrency market faces consolidation. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $254.82 million in net inflows on Nov. 18, breaking out of a two-day streak of outflows that saw $770.77 million leave the funds. BlackRock’s IBIT led the group with $89.33 million in inflows, following a quiet day with no activity. Notably, the investment manager’s IBIT fund, which holds $43.12 billion in net assets, has…

Donald Trump’s focus on Bitcoin could threaten gold’s future

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Gold has been under pressure while Bitcoin has thrived since the US presidential election as the industry expects a strong shift to crypto assets. The leading investment asset, also used as the primary inflation hedge, plunged to a one-month low of $2,543 on Nov. 14, less than a day after the US Consumer Price Index report surfaced — the U.S. inflation rate came at the expected 2.6% in October. Gold price | Source: Trading View Despite its recent surge to $2,623, gold is still down by 2.6% over the last…

Bitcoin Price at $100K No Longer a Dream Believe Traders, but Blow-Off Top Warning in Near Term

“We feel that the ‘easy’ part of the rally has been done and the next stage will be much trickier with more price choppiness and potential for drawdowns,” Augustine Fan, head of insights at SOFA, told CoinDesk in a Telegram message. “Bitcoin dominance remains on a one-way trend higher reminiscent of the mega-cap dominance in SPX, and is not particularly desirable for this stage of the crypto ecosystem.” Source