After closing the last four days in a bearish outlook, Bitcoin (BTC) price has significantly slowed down in the initial bullish momentum towards the much-hyped target of $100k. Moreover, the flagship coin has consistently closed below the previously established support level of $95k. With the altcoin industry gradually gaining bullish momentum, Bitcoin dominance is signaled…
Bitcoin (BTC) has stabilized around $93,000 after a period of a downtrend in recent days. Meanwhile, numerous alternative coins have entered green territory today (November 27). Some of the notable gainers include Stellar (XLM), Avalanche (AVAX), Cardano (ADA), and more. Is BTC Aiming at $100K Again? The past few days have not been kind to…
Este artículo también está disponible en español. The founder and CEO of the on-chain analytics firm CryptoQuant has explained where the peak Bitcoin market cap lies based on the current hashrate. Bitcoin Ceiling Could Lie At This Level Based On Network Hashrate In a new post on X, CryptoQuant founder and CEO Ki Young Ju…
Bitcoin’s $100K path will not be easy and with ups and downs, many predict hitting a large figure will take a path of dips. Bitcoin’s recent dip from nearly $100,000 to around $91,000 is stirring up this debate among traders and analysts. But according to Bitcoin custody firm Theya’s head of growth, Joe Consorti, this…
Crammer said, “In my opinion Bitcoin, Ethereum and maybe other cryptocurrencies should be included in your portfolio. Before this, he had also advised investors to sell the crypto as he believed that it held no real value. Some users also suggested Cramer publicize negative points as his publicization makes the opposite happen. On November 26,…
Bitcoin recently flirted with the $100,000 milestone, hitting a high of $99,645, but its rally lost steam, dropping to $93,415—a sharp fall of over 6%. This correction has left investors questioning if this is just a breather or the start of a larger downturn. Bitcoin’s value often draws comparisons to gold, as both are seen…
Pantera Bitcoin Fund achieved 1,000x lifetime returns, showcasing the impact of early strategic investments in crypto. Pantera predicts Bitcoin’s growth driven by adoption and its potential as a borderless payment system. Pantera Capital announced a spectacular feat for their Bitcoin Fund, which has achieved a lifetime return of 1,000x, or an astounding 131,165% net of…
November 27, 2024 at 11:50 AM GST updated: November 27, 2024 at 11:30 AM 2 mins read News Bitwise’s Bitcoin and Ethereum ETP aims to offer balanced exposure to the top two cryptocurrencies. If approved, the ETP will provide investors with a simpler way to invest in BTC and ETH together. Bitwise’s filing signals growing…
Ronaldo is an experienced crypto enthusiast dedicated to the nascent and ever-evolving industry. With over five years of extensive research and unwavering dedication, he has cultivated a profound interest in the world of cryptocurrencies. Ronaldo’s journey began with a spark of curiosity, which soon transformed into a deep passion for understanding the intricacies of this…
Bitcoin is currently trading slightly above the $93k level and is down by more than one percent in the last 24 hours. The largest cryptocurrency has almost erased the majority of the gains made in the last seven days and is now failing to rise back above the $95k levels. Despite this short-term setback, Bitcoin…
MicroStrategy’s Bitcoin strategy is very simple: Raising debt to buy Bitcoin and selling shares at a premium to repeat the cycle. Until recently, it had been regarded as outstanding. At the start of November 21, the MicroStrategy price stood at a peak of $535.42. However, since then, it has sharply plummeted by over 33.94%. Notably,…
Este artículo también está disponible en español. As Bitcoin continues to move above the $90,000 mark, Altcoins began to reach new highs. The sector has recently reclaimed a key two-year level that could set the stage for a retest of 2021’s highs. Some analysts consider that Altcoins’ recent performance could kickstart the long-awaited Altseason. Related…
The crypto market today has been showing mixed signals, with a significant decline in the prices of numerous cryptocurrencies. The global crypto market cap is presently down by 1.89% in the past 24 hours, taking the numbers to $3.19 trillion. Amidst the minor slump, investors have been seizing the opportunity to buy some dips, as…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
Bitcoin (BTC) is having a rough time, slipping below the $91,000 mark and hitting an intraday low of $90,742. The global crypto market has taken a 3.24% dip, bringing its total value down to $3.16 trillion as of Tuesday afternoon. Crypto Traders Reeling as $113M in Bitcoin Longs Wiped Out The last 48 hours haven’t…
Este artículo también está disponible en español. Bitcoin (BTC) corporate adoption continues to gain momentum as video-sharing and cloud services platform Rumble recently unveiled a BTC treasury strategy. This move aligns with a growing trend of corporations worldwide embracing Bitcoin as a strategic asset. Rumble Announces Bitcoin Treasury Strategy, Stock Rises The YouTube competitor is…
Pantera Bitcoin Fund’s jaw-dropping 1,000x return spotlights bitcoin’s explosive potential, with founder Dan Morehead forecasting a transformative financial revolution yet to unfold. $740K BTC in Sight as Pantera Capital’s Bitcoin Fund Hits 1,000x Milestone The Pantera Bitcoin Fund, an investment fund managed by Pantera Capital, a leading cryptocurrency-focused investment firm, has achieved a staggering milestone,…
Meet Samuel Edyme, Nickname – HIM-buktu. A web3 content writer, journalist, and aspiring trader, Edyme is as versatile as they come. With a knack for words and a nose for trends, he has penned pieces for numerous industry player, including AMBCrypto, Blockchain.News, and Blockchain Reporter, among others. Edyme’s foray into the crypto universe is nothing…
Rumble has committed up to $20 million in bitcoin as a treasury asset, citing its potential as an inflation hedge and key to strategic expansion in the digital economy. Rumble Adopts Bitcoin as Treasury Asset in Strategic Shift Rumble, a video-sharing and cloud services platform, has taken a bold step to diversify its corporate treasury…
Bitcoin has observed a plunge under the $93,000 level during the past day. Here’s what the trend in an indicator suggests about what could be behind this downturn. Bitcoin Coinbase Premium Gap Has Gone Cold As pointed out by CryptoQuant community analyst Maartunn in a new post on X, the Coinbase Premium Gap has returned…
The U.S. Treasury Department recently reported that the national debt had surpassed the $36 trillion mark, reaching an all-time high. Analysts have spoken about the positive effects of a rising debt trend on bitcoin and how it would eventually trigger a devaluation of the U.S. dollar. U.S. National Debt Surpasses $36 Trillion: A Benefit for…
Este artículo también está disponible en español. In an interview with CNBC on Monday, Fred Thiel, CEO of Marathon Digital Holdings (NASDAQ: MARA), shared his bullish outlook on Bitcoin. He emphasized the growing institutional interest and a favorable regulatory environment that could propel the BTC price to new highs. Thiel dismissed the impact of the…
12% of UK adults now own crypto, with a rise in investment size. The FCA is working on new crypto regulations to protect consumers. More UK investors are using credit cards or loans to fund crypto investments. Financial Conduct Authority (FCA) has revealed that 12% of UK adults now own crypto assets, marking a rise…
Bitcoin news of the newly launched Bitcoin-backed stablecoin USDa by Avalon Labs has rapidly gained traction in the market. It has amassed a supply of over 200 Million within just two weeks of its release. Positioned as the world’s first overcollateralized stablecoin backed by Bitcoin, USDa is now ranked as the third-largest CDP (collateralized debt…
A congressman from Brazil has officially proposed a bill to establish a strategic Bitcoin reserve in the country: the Bitcoin Sovereign Strategic Reserve. The Reserva Estratégica Soberana de Bitcoins (RESBit) aims to diversify the country’s Treasury. According to Portal do Bitcoin, a Brazilian media platform, Congressman Eros Biondini filed the proposal on Monday. https://twitter.com/watcherguru/status/1861465673064411525?s=46 “The…
Brazil’s Chamber of Deputies has formally introduced a bill proposing the creation of a Strategic Sovereign Bitcoin Reserve (RESBit) to diversify national financial assets and strengthen economic resilience. Brazil Proposes Bitcoin Reserve to Bolster Economy and Embrace Innovation The legislation, titled “Projeto de Lei 4501/2024″ and authored by Federal Deputy Eros Biondini, aims to position…
Pantera Bitcoin Fund has recently achieved an insane milestone of 1,000x. The post-election surge has taken the fund a further 30% higher. The Fund’s lifetime return is now 131,165%, net of fees and expenses. CEO Dan Morehead noted that Massive institutional managers are now offering incredibly cheap, efficient access to anyone with a brokerage account…
Este artículo también está disponible en español. Breaking out of an eight-month downward trend, Ethereum (ETH) is back in the news. This marks a major turning point for the second-largest cryptocurrency by market capitalization. The coin rose more than 5% in a single day, reaching $3,525, and has gained 38% in the last 30 days….
Standard Chartered’s digital assets researcher Geoff Kendrick believes that Bitcoin could drop to as low as $88,700. He believes that the catalyst for Bitcoin’s recent price decline was a post Bessent announcement for Treasury reduction in U.S. Treasury term premium. Kendrick added that in the short term, Bitcoin’s rally could slow as one of Bitcoin’s…
November 26, 2024 at 09:45 PM GST updated: November 26, 2024 at 09:03 PM 2 mins read News MicroStrategy acquired 51,780 Bitcoin in Q4 2024, pushing its total reserves to an unmatched 331,200 BTC. Bitcoin prices surged above $99K just this year, reflecting rising interest from firms and private investors alike. The adoptable market changes…
Este artículo también está disponible en español. The Bitcoin price recently closed above the median in a bull channel, providing a bullish outlook for the flagship crypto. In line with this, crypto analyst Tony Severino provided insights into what could come next for Bitcoin. What Next For Price After Close Above Bull Channel In an…
Vocal Bitcoin critic Peter Schiff has argued that embracing Bitcoin as a nation would weaken America’s economy. Schiff’s comments, shared Monday on the social media platform X, were a pointed critique of Trump’s vision of making the U.S. a global leader in cryptocurrency. Economic Risks In the post, Schiff suggested that due to Trump’s support…
Bitcoin has been experiencing a sharp drop, breaking through several key support levels and is currently down by more than four percent. The cryptocurrency recently hit a major rejection point at $99,000 and continued to slide, reaching the next target at $92,000. At the time of writing, Bitcoin is trading close to the $93k levels…
Este artículo también está disponible en español. Bitcoin (BTC) stands firm at $93,257, a crucial support level that could determine its next major move. As the battle between bulls and bears intensifies, the stakes are high: a successful defense could spark renewed momentum, while a break below might trigger significant losses. As the market navigates…
The previous days turned out to be extremely bearish as the Bitcoin price slumped hard by close to 10% following a rise in the upward pressure. Moreover, the bearish clouds continue to hover over the BTC price rally since the early trading hours as the price continues to steadily descend. This has raised concerns about…
Telegram’s crypto holdings surged to $1.3 billion in the first half of 2024, up from $400 million at the end of 2023. This increase was driven by profits from selling Toncoin and strategic deals related to The Open Network (TON). Telegram also reported $525 million in revenue for H1 2024, with $353 million coming from…
The total crypto market cap fell by $82B, nearing $3T support. SAND led altcoin losses, plunging 18% in 24 hours. The cryptocurrency market continues its slide, shedding $82 billion in the past 24 hours. The total crypto market capitalization now stands at $3.19 trillion, nearing critical support at $3 trillion. Bitcoin’s (BTC) price fell by…
The cryptocurrency market is navigating turbulent waters today, with the global market cap dipping by 5.97% to $3.17 trillion. Despite the decline, trading volume surged 24.17% to $252.59 billion, signaling heightened market activity. The Fear & Greed Index remains at 80, suggesting extreme greed amidst this pullback. Market Trends and Liquidations The Altcoin Season Index…
Long-term Bitcoin (BTC) holders are losing confidence in the leading digital asset, as seen by the ongoing increase in selling pressure. Their actions have ignited speculation about a potential Bitcoin price crash amid declining euphoria. Bitcoin Long-Term Holders are Selling As Bitcoin Price falls to $92,000 According to the onchain financial data platform, Glassnode, Bitcoin…
Este artículo también está disponible en español. After a historic rally, Bitcoin has faced its first major setback, pulling back 7% from its all-time high of $99,800. This comes after an impressive surge from $67,500 on November 5, marking a nearly 50% climb in just a few weeks. The price action has largely been “only…
Story Highlights The BTC price dropped ~7% in 24 hours, dropping below the $92k mark. Bitcoin ETF breaks its inflow streak, losses over $435 million. Technical indicator RSI drops below the overbought range for the first time in 19 days. The Bitcoin token records a significant correction by losing ~6% in 24 hours with a…
Michael Saylor-led MicroStrategy has become a bitcoin proxy, has been buying tokens since 2020. In recent weeks, it has intensified its purchases as bitcoin has rallied to highs above $99,000 following Trump’s presidential win earlier this month. MSTR’s BTC Buying Spree Just last week, MicroStrategy purchased another 55,000 bitcoins (BTC-USD) last week for $5.4 billion…
Raoul Pal believes Dogecoin’s growth will continue to surpass Bitcoin’s, calling DOGE “harder money” and highlighting its 550% outperformance since launch. Dogecoin’s price surge, fueled by speculation and strong market sentiment, has analysts predicting a breakout to $0.82, with long-term targets of $1.25 or more. Dogecoin’s impressive track record, outperforming Bitcoin by 550% since its…
The largest cryptocurrency by market capitalization, Bitcoin is now close to achieving the 1 million daily active users mark for the first time since 2019. Reportedly, this highlights a massive increase in the adoption process. Moreover, top analysts believe that this could possibly act as a catalyst for the star crypto to hit its milestone…
🚀 Stay Ahead with AltcoinDaily.co! 🌐 Bitcoin has pulled back from its recent all-time high of $99,645, hitting an intraday low of $92,775 on November 26, sparking debates among analysts about the asset’s trajectory. While the cryptocurrency now trades at around $94,600, market experts maintain a bullish outlook, forecasting a historic six-figure breakthrough before the…
Rumble, a video-sharing and cloud services platform, has announced a dual focus on cryptocurrency and gaming, positioning itself as a trailblazer in these fast-growing sectors. The company plans to allocate up to $20 million of its cash reserves to Bitcoin as part of a strategy to hedge against inflation and store long-term value. This decision…
Este artículo también está disponible en español. The Bitcoin price could crash if it fails to hold key resistance levels. A crypto analyst has revealed that a decline to $89,000 was well within possibility, as sell-offs below the $100,000 mark have continued to hinder Bitcoin’s price upward momentum. Bitcoin Price Correction To $89,000 Possible On…
Cardano blockchain founder Charles Hoskinson has shared a vision of building an “ecosystem of hybrid apps powered by DeFi-enabled Bitcoin.” In a Nov. 26 post on X (formerly Twitter), Hoskinson highlighted his renewed interest in Bitcoin’s foundational code while noting that adding a DeFi layer to the top digital asset could restore its innovative edge….
In the latest X post, Samson Mow, the CEO of JAN3 and a renowned Bitcoin maximalist has issued a message to his followers amidst a recent Bitcoin crash in the last 24 hours. He asked his followers to enjoy the Bitcoin Black Friday sale. The Bitcoin Black Friday Sale Notably, Bitcoin has dropped by 5.98%…
Bitcoin’s price movements on Nov. 26, 2024, paint a clear picture of bearish momentum in the short- and mid-term, with a pivotal support zone at $92,000 under close scrutiny. Bitcoin On the 1-hour chart, bitcoin‘s descent is evident, marked by a consistent pattern of lower highs and lows. A bold red candlestick sliced through the…