Tag: btc

Is A Bitcoin Sell-Off Coming? US Government Moves 10,000 BTC To Coinbase

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Este artículo también está disponible en español. As the Bitcoin price consolidates just below its all-time high of $99,540, a significant move by the US government has raised concerns among investors. The government has transferred a substantial amount of its seized Bitcoin holdings to Coinbase, potentially signaling intentions to sell. This echoes similar actions that had previously impacted the market earlier this year. US Government’s Bitcoin Transfer According to market intelligence firm Arkham, the US government moved approximately 10,000 Bitcoin, worth around $1.92 billion at current market prices, to two…

15,400 BTC Added This Monday

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Este artículo también está disponible en español. As November concludes and December begins, business intelligence firm MicroStrategy has significantly accelerated its Bitcoin (BTC) acquisitions, slightly surpassing the milestone of 400,000 BTC in its portfolio.  This purchase surge comes just over a month after the company announced ambitious plans to raise $21 billion through stock sales to fund additional Bitcoin acquisitions.  $1.5 Billion From Stock Sale Into Bitcoin In the past week alone, MicroStrategy sold 3.7 million MSTR shares, generating approximately $1.5 billion in proceeds, which were promptly reinvested into Bitcoin.…

BTC on Crypto Exchanges Slumps to Four-Year Low of 3M

The so-called $100,000 sell wall for bitcoin (BTC} is becoming a hard nut to crack, with $384 million available for sale between the current price and that six-figure milestone. A look at the supply data, though, suggests building pressure for an upward move. “Illiquid supply” refers to the amount of bitcoin that is owned by long-term holders (LTHs) that is not actively traded. According to Glassnode data, illiquid supply has risen by more than 185,000 tokens over the past 30 days and hit an all-time high of 14.8 million BTC,…

Genius Group adds $1.8m to Bitcoin Treasury, now holds 172 BTC

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Genius Group Limited, an education and AI firm based in Singapore, has expanded its Bitcoin-focused strategy by acquiring an additional $1.8 million worth of Bitcoin. This acquisition brings the company’s total holdings to 172 Bitcoin (BTC), valued at $15.8 million, with an average purchase price of $92,006 per Bitcoin, according to a company press release. The move follows Genius Group’s earlier commitment to allocate at least 90% of its reserves to Bitcoin, aiming for an initial treasury target of $120 million. The firm, which integrates AI solutions into education, views…

Microstrategy Snaps up 15,400 Bitcoins, Cementing Dominance With 402,100 BTC

Microstrategy’s $1.5 billion bitcoin buy boosts its holdings to 402,100 BTC, as the company eyes aggressive expansion via a $42 billion plan. $1.5B Bitcoin Buy Propels Microstrategy’s Stash to 402,100 BTC Software intelligence firm Microstrategy Inc. (Nasdaq: MSTR) disclosed significant updates in a filing with the U.S. Securities and Exchange Commission (SEC) on Monday, revealing […] Source BitcoincryptoexchangeExchanges CryptoX Portal

Jim Cramer Champions Crypto — Reveals Why BTC and ETH Belong in Your Portfolio

Jim Cramer advocates for bitcoin and ethereum as key portfolio assets, citing their appeal amid rising U.S. debt and their potential to navigate fiscal challenges. Jim Cramer: ‘I’ve Liked Crypto for a Very Long Time’ Jim Cramer, host of CNBC’s Mad Money, defended his support for cryptocurrency on Tuesday, recommending bitcoin and ethereum as portfolio […] Source CryptoX Portal

Bybit x Block Scholes Derivatives Report: ETH Outperforms BTC

DUBAI, UAE, Nov. 28, 2024 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with Blocks Scholes, released the latest weekly derivatives analytics report and uncovered signals indicating ETH’s rise above BTC in the past week. Fueled by news of current U.S. SEC Chair Gary Gensler’s departure at the end of the Biden administration’s term, ETH performance has positively surprised investors. In particular, open interest in ETH perpetual has been on the rise. Several large-cap altcoins also benefited from Gensler’s announcement, anticipating less scrutiny upcoming January. Key…

Bitcoin Technical Analysis: BTC Eyes 6-Digit Range Despite Resistance

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In the last hour, bitcoin’s price is coasting along between $97,865 to $98,580 on Nov. 29, 2024, after a bullish rally that pushed the market cap to $1.95 trillion. The cryptocurrency’s technical indicators suggest a strong upward momentum across multiple timeframes, though significant resistance looms near the $100,000 mark. Bitcoin Bitcoin’s (BTC) 1-hour chart reveals […] Original

Bitcoin ETFs near record $6.2b inflow in US as BTC eyes $100k

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A dozen Bitcoin ETFs in the U.S. have attracted $6.2 billion in November, nearing a monthly inflow record as Bitcoin hovers near $100,000. Spot Bitcoin exchange-traded funds are on track for their strongest month yet, with $6.2 billion in inflows so far in November, bolstered by Bitcoin’s surge toward $100,000 and President-elect Donald Trump’s crypto-friendly agenda, Bloomberg reports. The inflows coming to such ETFs issuers as BlackRock and Fidelity, are set to surpass the previous record of $6 billion achieved in February, the report reads, noting that Bitcoin is nearing…