On Thursday, bitcoin (BTC) hit $98,367 per coin before sliding to $96,524. That same day, a dormant whale from 2016 stirred after eight years, spending a hefty 500 BTC, now valued at $48.26 million. Long-Term Holders Come out of the Woodwork Long-term holders (LTHs) are stepping into the spotlight as bitcoin’s price ascends. Glassnode’s latest […] Original
Genius Group’s shares were up 8.5% after the Singapore-based firm announced it had invested $14 million to expand its Bitcoin portfolio. Artificial intelligence firm Genius Group announced in a Nov. 21 press release that it had added an additional $4 million to its Bitcoin (BTC) purchases, bringing its total holdings to 153 BTC in its crypto treasury. The purchase follows Genius Group’s announcement on Nov. 12 of its commitment to a “Bitcoin-first” strategy, under which the firm intends to allocate 90% or more of its reserves to Bitcoin, with an…
Bitcoin is poised to breakthrough the long-awaited $100,000 level after its postelection rally, but that doesn’t mean the leading cryptocurrency will go up in perpetuity, said Galaxy Digital CEO Michael Novogratz. Bitcoin was trading at about $97,000 on Thursday morning, after setting a new record high of $98,367.00, according to Coin Metrics. Novogratz said on ” Squawk Box ” that reaching the six-figure mark felt “inevitable” and that bitcoin could continue to rally from there, but a pullback will come eventually. “There’s a ton of leverage in the system right…
Bitcoin (BTC) continues to smash new lifetime price highs and long-term holders are starting to awake from slumber, according to Glassnode’s recent analysis. Institutional Investors Anchor Bitcoin’s Ascent as Analysts Warn of Profit-Driven Sell-Offs Glassnode and analysts Cryptovizart and Ukuria OC reported that this month’s surge was driven by capital inflows of $62.9 billion over […] Original
Bitcoin topped $98,000 heading into the U.S. morning, extending its breakout from an eight-month consolidation since crypto-friendly Donald Trump won the U.S. presidency. The largest crypto has advanced 4.5% over the past 24 hours, leaving the broad-market CoinDesk 20 Index behind. Some altcoins are quickly catching up to BTC’s gain, with ether (ETH), Chainlink (LINK) and Uniswap (UNI) surging 5% in the past hour. The $100,000-per-BTC mark is just a stone’s throw away and BTC futures on Deribit maturing next year are already trading above the threshold. Still, the round-number…
Bitcoin exchange-traded funds (ETFs) reached a historic milestone, with a total net asset value of $100 billion across the 12 ETFs. Bitcoin ETFs Hit $100 Billion, Representing 5.4% of Bitcoin Market Cap Bitcoin’s rally to a record $95,000 high on Wednesday saw bitcoin ETFs also hit a historic milestone of $100 billion in total net […] Original
Bitcoin (BTC) achieved a historic milestone, reaching an all-time high of $98,367 per coin, just 1.66% shy of the coveted $100,000 mark. Bitcoin Approaches $100K, Eyes Market Milestone On Thursday morning at 6 a.m. Eastern Time, the leading cryptocurrency bitcoin (BTC) rose 5.2% against the U.S. dollar in the past 24 hours and 7.8% over […] Original
Shemaroo Entertainment and PWR Chain Announce Strategic Partnership to Revolutionize India’s Digital Entertainment through Blockchain Innovation – Press release Bitcoin News You need to enable JavaScript to run this app. Original
CryptoQuant CEO Ki Young Ju says Bitcoin’s current rally appears to be supported by months of accumulation by whales. Bitcoin’s (BTC) ongoing rally toward the $100,000 mark mirrors the price surge seen in 2020, when the cryptocurrency’s value surged sixfold to reach $67,000, CryptoQuant CEO Ki Young Ju said in a recent X thread. #Bitcoin bull market is starting, with data resembling 2020. Thread 🧵 pic.twitter.com/7BMKxhdYQX — Ki Young Ju (@ki_young_ju) November 21, 2024 Ju emphasized that previous on-chain data signaling Bitcoin accumulation by whales over several months has proven…
Bitcoin has added $30,000 since Donald Trump won the U.S. presidential election and closing in on a $2 trillion market cap. Original