The business intelligence firm Microstrategy has added more to its bitcoin (BTC) holdings, according to a recent post on X by company founder Michael Saylor. Microstrategy Ramps up Bitcoin Reserves In a post shared Sunday evening, Saylor hinted at the acquisition. He followed up on Monday, Dec. 23, with another X post, detailing the latest […] Original
XRP dropped 3% in the past 24 hours, leading losses among major tokens as bitcoin (BTC) started the festive week in the red and Japanese bitcoin accumulator Metaplanet (3350) announced its biggest purchase. The Tokyo-listed company said it bought a record 619.70 BTC for 9.5 billion yen ($61 million) in a move that lifted its BTC holdings by 54%. BTC is still 1.5% lower over 24 hours, CoinGecko data shows, with ether (ETH), Cardano’s ADA, Solana’s SOL and dogecoin (DOGE) all down as much as 2%. Chainlink’s LINK and Tron’s…
El Salvador’s festive holiday celebrations amid IMF restrictions. As the country adds to its Bitcoin (BTC) reserve, El Salvador’s Christmas 2024 celebration has a distinctive Bitcoin-themed Christmas tree, further demonstrating the country’s everlasting dedication to the original cryptocurrency. 🇸🇻 Bitcoin Christmas in El Salvador pic.twitter.com/EcXVS3QWPV — Watcher.Guru (@WatcherGuru) December 23, 2024 On Dec. 19, 2024, shortly after obtaining a $1.4 billion loan from the International Monetary Fund, El Salvador made headlines once more when it bought 11 BTC, valued at over $1 million. This action demonstrates the nation’s audacious BTC…
Este artículo también está disponible en español. In his latest video published on December 21, crypto analyst Rekt Capital tried to answer the question “What’s The Worst Case Scenario For Bitcoin Right Now?”. After reaching a new all-time high at $108,374 on December 17, the BTC price is down more than -11%. How Low Can Bitcoin Price Go? Rekt Capital put the Bitcoin price pullback in a historical perspective, underscoring the historical importance of weeks 6, 7, and 8 in a “price discovery uptrend.” Drawing upon past cycles such as…
Tokyo-listed Metaplanet has purchased another 9.5 billion yen ($60.6 million) worth of Bitcoin, pushing its holdings to 1,761.98 BTC. Metaplanet, a publicly traded Japanese company, has acquired 619.7 Bitcoin as part of its crypto treasury strategy, paying an average of 15,330,073 yen per (BTC), with a total investment of 9.5 billion yen. According to the company’s latest financial disclosure, Metaplanet’s total Bitcoin holdings now stand at 1,761.98 BTC, with an average purchase price of 11,846,002 yen (~$75,628) per Bitcoin. The company has spent 20.872 billion yen in total on Bitcoin…
Bitcoin price extended losses and traded below the $100,000 zone. BTC is showing bearish signs and might continue to move down toward the $91,200 support zone. Bitcoin started a fresh decline from the $100,000 resistance zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance at $95,850 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could start a fresh increase if it stays above the $92,000 support zone. Bitcoin Price…
Michael Saylor, co-founder and executive chairman of Microstrategy, brought bitcoin into the spotlight during an online exchange with Jeff Bezos on X. The Amazon founder found himself in the headlines after firmly rejecting claims he was planning a $600 million wedding with fiancée Lauren Sanchez next weekend in Aspen, Colorado. From Wedding Whispers to Bitcoin […] Original
The government of El Salvador has clarified that it will continue pushing bitcoin as part of its economic strategy, even as it inked an agreement with the IMF to wind down its bitcoin operations. El Salvador Keeps Purchasing Bitcoin After IMF Deal While many lamented the recent agreement between El Salvador and the International Monetary […] Original
If the United States boldly leaps into action with a strategic bitcoin reserve under the Trump administration, this daring move could spark a worldwide financial upheaval, crowning bitcoin proponents as the ultimate guardians of freedom in a crumbling fiat realm. Here’s a theoretical tale on how this strategic bitcoin stash and the rise of bitcoin’s […] Original
Bitcoin price has had a strong performance this year as it jumped by 120%, beating popular assets like the Nasdaq 100 and the S&P 500 indices. Bitcoin (BTC) has retreated to $97,000 from the all-time high of $108,427 after the Federal Reserve pointed to just two interest rate cuts in 2025. MVRV score shows Bitcoin price is still cheap The recent Bitcoin pullback affected investors, as evidenced by spot ETF flows. According to SoSoValue, these funds had net outflows of $276 million on Friday, a day after they shed $680…