Tag: Bitcoin

Bitcoin price gains see ‘significant pullbacks’ ruled out before $150K

Bitcoin (BTC) took daily gains to 4.5% on Nov. 11 as an unlikely weekend of upside held firmly in place. BTC/USD 1-hour chart. Source: TradingView BTC price knocks on $85,000 Data from Cointelegraph Markets Pro and TradingView showed BTC price momentum passing $84,000 after the Wall Street open. Now up nearly 25% in the past seven days, BTC/USD showed no signs of a major retracement or consolidation as bulls ripped through sell walls and continued price discovery. “In the short term, capo-bears are going to help drag the bitcoin price…

Saylor’s MicroStrategy ups Bitcoin trove to $22b

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Michael Saylor’s MicroStrategy has invested another $2 billion in Bitcoin as the world’s most popular cryptocurrency reaches new highs day after day. Saylor tweeted that MicroStrategy spent $2.03 billion on an additional $27,200 Bitcoin (BTC), increasing its total holdings to 279,420 tokens since its aggressive acquisition strategy started in 2020. According to the firm’s disclosures, MicroStrategy acquired its latest Bitcoin trove at an average price of $74,463 per BTC. The software giant has spent nearly $12 billion on Bitcoin so far, with plans to raise additional capital to buy more.…

Bitcoin Soars Past $82,500 As MicroStrategy Makes Major 27,200 BTC Purchase

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On Monday, business intelligence firm Microstrategy announced the purchase of additional Bitcoin (BTC) as the largest cryptocurrency on the market hit a new all-time high of $82,500, with increased inflows into various sectors of the ecosystem over the past week.  MicroStrategy Now Holds Nearly $23 Billion In Bitcoin In a social media post by Bitcoin bull Michael Saylor, the company announced that it had acquired approximately 27,200 BTC for approximately $2.03 billion. This transaction is one of the largest BTC purchases to date by a corporate entity but in line…

Bitcoin Hits Record Price Highs Amid Market Euphoria; QCP Capital Warns of Possible Pullbacks

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Singapore-based QCP Capital warns of volatility amid bitcoin’s rally to record highs, as market analysts note key upcoming events could impact the bullish trend. Bitcoin Hits New Highs but Market Remains Balanced QCP Capital reported that bitcoin (BTC) reached fresh highs, but noted that overall market volatility has remained muted. This relative stability is attributed […] Original

China’s Nano Labs embraces Bitcoin as payment option

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Hangzhou-based fabless integrated circuit design company Nano Labs has begun accepting Bitcoin as payment for its products via a business account on Coinbase. Nano Labs, a cryptocurrency-mining chip designer based in Hangzhou, Zhejiang province, said in a press release on Nov. 11 that it has started accepting Bitcoin (BTC) as a payment method for its products through a business account on Coinbase. The company stated that this decision reflects the growing demand for crypto operations within the technology sector. “As cryptocurrency adoption continues to grow, particularly among businesses seeking efficient…

Bitcoin price will hit $1M, but at what cost? — Michaël van de Poppe

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Bitcoin is officially back in a bull market and could potentially hit $1 million per coin in the next few years, according to trader and investor Michaël van de Poppe. However, the founder of MN Consultancy, MN Capital and MN Academy warned that a $1 million Bitcoin (BTC) price might come alongside a much broader debt crisis that could wreck the price of all assets in the short term. Van de Poppe sat down with Decentralize with Cointelegraph host Jonathan DeYoung at DKGcon 2024 in Amsterdam for an exclusive interview…

Microstrategy Buys 27,200 BTC for $2.03B, Expanding Holdings to 279,420 Bitcoin

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Microstrategy made a bold $2.03 billion move, adding 27,200 BTC to its holdings to cement its bitcoin dominance, part of an ambitious $42 billion digital asset growth plan. A Billion-Dollar Vision Unfolds as Microstrategy Acquires 27,200 BTC Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR), the largest corporate holder of bitcoin, announced on Monday that it […] Original

MicroStrategy buys $2B in Bitcoin, boosts holdings to $23B

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While some investors hold back from buying Bitcoin when it reaches new highs, MicroStrategy has doubled down, demonstrating a strong commitment to the cryptocurrency. In a Nov. 11 announcement, the business intelligence firm turned Bitcoin (BTC) investor said it bought 27,200 Bitcoin for about $2.03 billion in cash. MicroStrategy purchased the coins between Oct. 31 and Nov. 10, at an average price of $74,463 per BTC, including fees and expenses. With the latest purchase, the company now holds a total of 279,420 BTC, worth nearly $23 billion at current market…