Tag: Bitcoin

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…

Michael Saylor’s MicroStrategy Sitting on Nearly $11B Profits From Bitcoin Stash, Adds 27,200 to Its Warchest

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Here’s what it means for Bitcoin

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Disclosure: This article does not represent investment advice. The content and materials featured on this page are for educational purposes only. Donald Trump’s 2024 proposals could reshape the crypto landscape, meanwhile CYBRO’s $4m presale offers investors a unique opportunity with 1200% ROI potential. Donald Trump’s latest proposals for his 2024 presidential campaign hint at sweeping changes in the cryptocurrency landscape. His vision could dramatically affect Bitcoin and alter the future of digital finance. This article delves into what these potential shifts might mean for investors, the crypto market, and the…

Bitcoin Hits $82K as Weekend Rally Extends

Bitcoin passed $80,000 for the first time on Sunday and topped $82,000 on Monday. BTC enjoyed an unusually busy weekend, rising over 4% amid trading volumes of almost $100 billion. Weekend pumps in the crypto market are seen as bullish indicators, given that professional traders and institutional investors are much less active. The positive sentiment extended into the new week, with BTC climbing as high as $82,394. Futures premiums on BTC-tracked products are soaring, indicating a bias for bullish bets. The popularity of the $80,000 call on Deribit points to…

Bitcoin on track for $85K, breaks record $82.4K ‘uncharted territory’

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Bitcoin is trading in uncharted territory, potentially approaching the six-figure price tag for the first time in history. The Bitcoin (BTC) price broke above a new high of $82,410 at 10:19 am UTC on Nov. 11, Bitstamp data shows. BTC/USD, 1-month chart. Source: TradingView However, this may only be a pitstop for the Bitcoin price, which is expected to breach the $85,000 high within the next week, according to Ryan Lee, the chief analyst at Bitget Research. Lee told Cointelegraph: “This week, we expect the volatility of BTC and ETH…

Mexico’s Third-Largest Billionaire Raves About Bitcoin Price Hike: ‘Told You So’

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Mexico’s third-largest billionaire is celebrating the momentum that bitcoin and the entire cryptocurrency market are experiencing following President-Elect Donald Trump’s victory in the recent elections. Ricardo Salinas Pliego, owner of companies such as Grupo Elektra, Banco Azteca, and TV Azteca, took to social media to celebrate the bitcoin price hike, offering further advice to his […] Original

Bitcoin could be one upgrade away from overtaking Ethereum DeFi

A single, long-dormant string of code, hidden deep within the original Bitcoin stack, can introduce a suite of new functionality that could potentially see the Bitcoin network rival Ethereum in terms of decentralized finance (DeFi) activity.  The upgrade is called “OP_CAT” (short for operation code concatenate) and refers to a few simple lines of code originally introduced by Satoshi Nakamoto. This code was part of Bitcoin’s initial scripting system and effectively increased Bitcoin’s transaction utility and expanded the variety of operations users could perform with Bitcoin.  However, Nakamoto was initially…

Bitcoin DeFi is perfect for crypto adoption

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Disclosure: The views and opinions expressed here belong solely to the author and do not represent the views and opinions of crypto.news’ editorial. With Bitcoin (BTC) recently smashing through its long-held $70,000 ceiling after four and a half months, it is fast becoming evident that the digital asset market is in the wake of another major transformation (as well as another bull run). Amid these developments, Bitcoin DeFi—also known as BTCFi—has emerged as a technological frontier connecting traditional finance entities with the crypto ecosystem, paving the way for mainstream adoption. …

Where the Demand Comes From as the Bitcoin (BTC) Price Breaks Tops $82K: Van Straten

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Zooming out over the past three years, it’s apparent that when Coinbase CVD spikes, it tends to be near local highs and lows. In March, one of the highest CVD levels occurred as bitcoin broke its then-record high above $73,000. There were also high levels near cycle lows around the Luna and FTX collapse in 2022, which shows smart money buying near the bottom and others buying near the top. Original