Tag: btc

Bitcoin ETFs Record $438m in Outflows as BTC Dips Below $93k

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Spot Bitcoin exchange-traded funds in the United States began the week with significant outflows as Bitcoin’s price fell below $93,000 amid a wave of long liquidations. According to data from SoSoValue, the 12 spot Bitcoin ETFs recorded $438.38 million in outflows on Nov. 25, breaking a five-day streak of inflows. The previous week saw a record-high $3.38 billion in weekly inflows into these funds. Bitwise’s BITB led the outflows on Monday, with $280.73 million leaving the fund. Grayscale’s GBTC, Fidelity’s FBTC, and ARK and 21Shares’ ARKB reported outflows of $158.24…

Ethereum’s ETH Outperforms as Bitcoin (BTC) Price Recoils Off $100K Sell Wall

After a prolonged downtrend relative to bitcoin (BTC), Ethereum’s ether (ETH) is showing signs of a resurgence. ETH, the second-largest cryptocurrency on the market, gained over 4% in the past 24 hours, while BTC lost 1.5% during the same time, dipping below $95,000 during the Monday session. ETH even outperformed the broad-market CryptoX 20 Index, which was up 0.5%. The outperformance happened as investors started to rotate capital to smaller, riskier cryptocurrencies over the weekend following the stall of bitcoin’s near-vertical surge since Donald Trump’s election victory. The ETH/BTC ratio,…

Can BTC Hit Six Digits? Exploring Bitcoin’s $100K Predictions With Kalshi and Polymarket Insights

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As bitcoin (BTC) trades under the $96,000 mark at 1 p.m. ET on Monday, prediction markets Kalshi and Polymarket reveal mixed expectations for the cryptocurrency’s potential to reach $100,000 within the coming months and throughout 2024. Analyzing $100K Betting Forecasts From Kalshi and Polymarket Kalshi and Polymarket, two prominent prediction platforms, highlight varied confidence levels […] Original

MicroStrategy Adds 55,500 More BTC To Its Portfolio For $5.4 Billion

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Business intelligence firm MicroStrategy has significantly increased its Bitcoin (BTC) purchases this month in response to the bullish sentiment following President-elect Donald Trump’s victory on November 5. The company’s recent acquisitions have pushed its total Bitcoin holdings to approximately $38 billion. Convertible Notes Fuel Massive Bitcoin Purchase On November 25, co-founder Michael Saylor announced via social media that MicroStrategy had acquired 55,500 BTC between November 18 and November 24 for $5.4 billion.  This purchase was funded by proceeds from a $3 billion convertible note issuance and sales of common shares,…

Semler Scientific Expands Bitcoin Holdings to Over 1,500 BTC

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Semler Scientific, Inc. announced updates on its bitcoin (BTC) holdings and capital markets activities, highlighting its evolving strategy in cryptocurrency and equity offerings. Semler Scientific Reports 58.4% Bitcoin Yield as Key Performance Indicator Between Nov. 18 and Nov. 22, Semler Scientific (Nasdaq: SMLR) purchased 297 bitcoins for $29.1 million, averaging $97,995 per bitcoin, including fees. […] Original

Microstrategy Drops $5.4B on 55,500 Bitcoins, Cementing Giant 386,700 BTC Hoard

Microstrategy shatters records, acquiring 55,500 more BTC for $5.4 billion, pushing its massive holdings to 386,700 BTC in an unprecedented crypto dominance move. 386,700 BTC Milestone: Microstrategy Secures 55,500 More Bitcoins for $5.4 Billion Software intelligence powerhouse Microstrategy Inc. (Nasdaq: MSTR) has once again doubled down on its bullish bitcoin strategy, announcing yet another acquisition […] Source CryptoX Portal

BTC and ETH Open Interests hit new all-time-high as Bitcoin nears $100k

Open interest for Bitcoin and Ethereum in futures markets each hit a new all-time-high in the past 24 hours of trading, following Bitcoin’s flirtation with $100,000. BTC OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze ETH OI reaching an ATH in the past 24 hours, November 22, 2024 | Source: coinalyze On Nov. 22, Bitcoin(BTC) OI has reached a peak of $57 billion in the past 24 hours. Meanwhile, Ethereum(ETH) OI went up 12% to an all-time high of $20.8 billion within the…

Why Bitcoin (BTC) Near $100K Price is More Vulnerable to Negative News Than You Think

Yes, you read the title correctly, and it does appears contradictory. As bitcoin (BTC) nears the $100,000 milestone – a clear sign of strength – the reality is that its actually quite vulnerable to potential negative news. That’s according to the “order book skew ratio,” which shows that buyers have surprisingly pulled back their firepower as prices near six digits. The ratio measures the number of people wanting to sell, or the ask side, relative to those on the buy or the bid side. The three-day moving average of the…

Mad Money’s Jim Cramer Prefers BTC to MSTR — Tells Investors: ‘Own Bitcoin. That’s a Winner’

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Mad Money host Jim Cramer has picked bitcoin over Microstrategy’s stock (MSTR), calling the cryptocurrency “a winner.” Jim Cramer Picks Bitcoin Over Microstrategy’s Stock Jim Cramer, host of CNBC’s Mad Money, shared his insights on bitcoin and Microstrategy’s stock (Nasdaq: MSTR) during his show’s Lightning Round segment this week. Cramer is a well-known TV host, […] Original