“More than retail investors, institutions are driven by government signals,” Nathan McCauley, CEO and co-founder of digital asset custody provider Anchorage Digital, said in an emailed note. “The anticipation of a pro-crypto government next year is proving to be an institutional catalyst—the likes of which we have never seen.” Source
Este artículo también está disponible en español. Bitcoin experienced an explosive surge yesterday, with bulls driving the price to a new all-time high (gain) at $89,980. This relentless uptrend highlights growing optimism among investors as Bitcoin continues to break new ground. Renowned trader and analyst Cheds recently shared a compelling technical insight, noting that Bitcoin’s weekly Relative Strength Index (RSI) is nearing the “overbought” zone—historically a very bullish signal for BTC. Entering this zone could indicate heightened demand and momentum, suggesting further upside potential for Bitcoin in the near term.…
After purchasing bitcoin on a few occasions during the 2021 bull run, El Salvador began dollar-cost-averaging into the top cryptocurrency in November 2022, and was in the black on its holdings by December 2023, according to Bukele. El Salvador’s bitcoin strategy has been a constant sticking point with the International Monetary Fund, which has raised concerns about the nation’s fiscal situation. Source
Bitcoin is holding strong near its recent highs, yet faces critical resistance at the psychological $90,000 range, signaling potential consolidation or a correction as sellers enter the market. Bitcoin On the daily chart, bitcoin’s bullish momentum is evident, with prices soaring from approximately $60,000 to a peak near $90,000. This substantial gain shows continued demand; […] Original
Bitcoin almost hit the $90,000 mark earlier today and became the eighth-largest asset in the world. Bitcoin (BTC) reached an all-time high of $89,604 earlier today as the broader crypto market enjoyed impressive gains — the global crypto market cap also hit an ATH of $3.11 trillion. Following the rally, Bitcoin’s market cap surged to $1.77 trillion, surpassing silver’s $1.7 trillion value, and sitting close to the $1.8 trillion market cap of Saudi Aramco, a national Saudi Arabian petroleum and gas company. One reason was the $1.1 billion net inflows…
“Assets in the US spot bitcoin ETFs are now up to $84b, which is 2/3 of the way to what gold ETFs have, all the sudden there’s a decent shot they surpass gold before their first birthday (we predicted it would take 3-4yrs),” Eric Balchunas, a senior analyst at Bloomberg, said in a post on X. Original
The volatility caused nearly $700 million in liquidations on crypto-tracked futures, impacting both longs and shorts (or bets on higher and lower prices, respectively), with $380 million in bearish traders and $290 million in bullish bets evaporated. Such cumulative losses are the highest since early April, when BTC briefly crossed its previous peak at over $73,000. Original
It’s a sign that bullish long positions are likely getting crowded, and a slight price pullback could see over leveraged bulls capitulate, closing their longs and inadvertently exacerbating downside pressures in the market. Leverage washouts have been a common phenomenon in previous bull markets, often leading to a sudden double-digit percentage price drops. Source
MicroStrategy (MSTR), the Nasdaq-listed software company with the largest corporate bitcoin treasury, melted up 25%, closing the day at a new all-time high price of $340, overcoming its 24-year old record from the dotcom bubble era. The company announced on Monday that it acquired 27,200 BTC, bringing its total holdings to 279,420 bitcoin, worth about $24.5 billion at current price. Source
Bitcoin (BTC) hit an all-time high of $87,475 today, cementing its position as a dominant force in the cryptocurrency market and moving closer to the significant $2 trillion market cap milestone. Bitcoin Climbs to New Records as Short Positions Tumble With a trading volume of $111.30 billion, bitcoin‘s (BTC) recent price surge reflects heightened market […] Source CryptoX Portal