American crypto giant Coinbase has seen a resurgence in its stock price, climbing past the $300 mark for the first time since 2021. The rally was also witnessed in the stock of enterprise analytics firm and major Bitcoin (BTC) holder MicroStrategy, whose price hit a record high after surging to $344. Both developments followed a...Read More
About a week ago, bitcoin (BTC) shattered its March all-time high (ATH) of $73,737 as the crypto market got excited about Donald Trump’s win in the United States presidential elections. Since then, the crypto asset has recorded a new ATH almost every day; it was worth $87,100 at the time of writing after it was...Read More
Last week, the pro-crypto Republican presidential candidate Donald Trump won the United States election, paving the way for him to fulfill his many promises that could drive crypto adoption in the country. Following Trump’s election victory, Ark Invest CEO and founder Cathie Wood stated in a recent video that there is more clarity in the...Read More
Shares in MicroStrategy (MSTR) – the world’s largest corporate Bitcoin owner – have surged to a new all-time high for the first time in 24 years amid Bitcoin’s scorching post-election rally on Monday. MicroStrategy’s Triumphant Return On Monday, MSTR opened at $296 per share –roughly 10% above Friday’s close. Soon after, the stock climbed throughout...Read More
With the level of regulatory clarity expected in the United States in the coming months, market analysts insist that investors not owning bitcoin (BTC) could become a liability in the future. According to a research report from the Bitcoin technology and financial services firm New York Digital Investment Group (NYDIG), market participants have no excuses...Read More
Over the weekend, Shiba Inu (SHIB) pushed its way up the list of the largest cryptocurrencies by market capitalization, leapfrogging both Tron (TRX) and Toncoin (TON). The climb followed a positive performance over the past week, during which the dog-themed meme coin’s price surged by more than 70% at one point. SHIB Price Up 12%...Read More
Although crypto investors are still on the sidelines due to the just-concluded United States presidential elections, CryptoQuant analysts say Bitcoin is showing strong fundamentals and follows a bullish pattern seen in previous U.S. elections. According to a weekly report, one positive fundamental from a valuation perspective is that BTC is currently fairly valued and not...Read More
Coinbase has announced the expansion of its wrapped Bitcoin product, cbBTC, to the Solana blockchain. Originally launched in September, cbBTC was initially available only on Ethereum and Coinbase’s native Layer 2 Base blockchain. Now on Solana, it will exist as a Solana Program Library (SPL) token, which can represent both fungible and non-fungible assets. Coinbase’s...Read More
Wyoming Senator Cynthia Lummis has reiterated her commitment to establishing a strategic Bitcoin (BTC) reserve for the United States. The lawmaker, known for her strong pro-crypto stance, highlighted these plans following the recent Republican victories in the Senate, more so of largely digital asset-friendly legislators. Senator to Move Forward With Strategic BTC Reserve Bill In...Read More
In the past 24 hours, Binance has set a new record as the market sentiment shifts and Bitcoin (BTC) the world’s largest digital asset, hit its all-time high. Binance’s $8.3 billion Open Positions Amid this bullish market sentiment, the on-chain analytics firm CryptoQuant shared a post on X (Previously Twitter) that the net open interest...Read More
Throughout his election campaign, the new United States President, Donald Trump, remained vocal about his pro-crypto stance and made several promises regarding the development of the nascent industry. CryptoPotato has compiled a list of Trump’s declared promises, including pledges geared towards fostering innovation in the United States and continuing growth of the digital asset industry....Read More
Solana (SOL) has surpassed Binance Coin (BNB) to become the fourth-largest cryptocurrency by market valuation. The achievement comes amidst a marketwide surge that saw several major altcoins explode, with the leading cryptocurrency, Bitcoin (BTC), hitting a new all-time high (ATH) price of over $75,000. Solana’s Weekly Performance Outshines Market Solana’s jump was solidified by a...Read More
The State of Michigan Retirement System (SMRS) has significantly increased its Ethereum (ETH) holdings, raising its investment to $10 million and surpassing its Bitcoin (BTC) allocation. This move makes Michigan the first U.S. state pension fund to invest in an Ethereum-based exchange-traded fund (ETF). Michigan Pension Fund’s Crypto Portfolio SMRS, which boasts more than $13...Read More
Defunct Bitcoin exchange Mt.Gox has moved 32,371 BTC worth an estimated $2.19 billion to three new addresses. Several on-chain transaction trackers caught the movement, including Spot On Chain and Arkham Intelligence. Bitcoin Transferred to New Wallets Spot On Chain’s data shows the platform initially moved 30,371 BTC to a wallet starting with 1FG2…Rveoy. It then...Read More
Recent data shows that the Bitcoin (BTC) mining difficulty has reached an all-time high of 101.65 trillion at block 868,958. This jump comes barely two weeks after the metric hit its previous high of 95.67 trillion. BTC Mining Difficulty Up Nearly 15% According to Bitcoin analytics platform CoinWarz, BTC’s mining difficulty has sharply increased to...Read More
British pension firm Cartwright has advised the allocation of 3% BTC to an unnamed pension fund, which has invested directly in the asset rather than via an exchange-traded fund. The company is now urging institutional investors to allocate assets into Bitcoin, according to a Nov. 4 report from industry magazine Corporate Advisor. As a percentage,...Read More
Bitcoin (BTC) could be gearing up for a historic $100,000 pump, and, according to crypto analysts, the upcoming U.S. presidential election may yet play a key role. According to experts, the cryptocurrency may achieve this price milestone regardless of who wins. However, they suggest a Trump victory could serve as a short-term catalyst, boosting its...Read More
Bitcoin (BTC) is trading a few thousand dollars below its all-time high (ATH) of $73,750, and the global cryptocurrency market cap has increased to $2.46 trillion this year, but digital asset companies are still laying off their employees. This week alone, three prominent crypto entities have announced significant job cuts, raising the question, is the...Read More
Reddit, a pioneering social media force for crypto engagement and arguably the most popular discussion forum, offloaded a substantial portion of its virtual asset holdings in the third quarter of 2024. In its latest regulatory filing, the company revealed that it sold most of its Bitcoin (BTC) and Ethereum (ETH) treasury assets, generating $6.87 million....Read More
Bitcoin (BTC) recorded significant gains recently, but that does not mean the market is poised for a full bull run. On-chain patterns analyzed by CryptoQuant Quicktake author Woominkyu show that previous bull markets have kicked off while Bitcoin witnessed a decline in market share dominance. Unfortunately, the opposite is the case now. Diversifying Investor Capital...Read More
Donald Trump, former president of the United States and Republican nominee for the upcoming presidential elections, has renewed his vow to end his Democrat rival Kamala Harris’ war on crypto. The pledge was made in a tweet celebrating the 16th anniversary of the Bitcoin white paper, which was written by Satoshi Nakamoto, the pseudonymous network...Read More
The Ethereum-based cryptocurrency lending protocol Aave is witnessing a rapid increase in Coinbase Wrapped Bitcoin (cbBTC) flows into its platform due to a new incentives program involving the asset. While this reflects growing liquidity and rising adoption of the wrapped Bitcoin product on Aave, the market analytics platform IntoTheBlock says it poses a risk to...Read More
Bitcoin’s path to reaching $200,000 doesn’t require a collapse of the US dollar. Instead, Bitwise Chief Investment Officer Matt Hougan believes there are two key drivers that will support BTC’s upward potential, offering a compelling perspective on its future as an institutional asset. Institutional Maturity Responding to a query about the US dollar’s impact on...Read More
The Royal Government of Bhutan has made a significant move by depositing 929 BTC into crypto exchange Binance. The activity was flagged shortly after BTC climbed above $70,000 for the first time since June 10. Bitcoin Transfer to Binance In its latest tweet, Lookonchain cited data from Arkham Intelligence, which revealed that the Bhutan government-linked...Read More
Florida Chief Financial Officer (CFO) Jimmy Patronis wants to include Bitcoin (BTC) in the state’s pension fund investments. To that end, he has sent a formal request to Chris Spencer, the Executive Director of Florida’s State Board of Administration, highlighting the need for a digital currency investment pilot program. CFO Wants Bitcoin Feasibility Study In...Read More
Japan’s investment firm Metaplanet has increased its Bitcoin (BTC) holdings to over 1,000. This follows a recent purchase of 156.7 BTC for approximately 1.6 billion yen, or about $10.4 million. Metaplanet Shares Surge 7.18% Following Purchase The acquisition, announced on Monday in an X post, brings Metaplanet’s total Bitcoin reserves to 1,018 BTC, valued at...Read More
Investment inflows into digital assets reached a whopping $901 million in October, comprising 12% of assets under management and marking the fourth-largest monthly inflows to date. With these additions, year-to-date inflows have reached $27 billion – almost triple the 2021 record of $10.5 billion. US Political Climate Drives Bitcoin Inflows According to the latest edition...Read More
MicroStrategy, known for its Bitcoin (BTC) investment strategy, recently catapulted into the top tier of the U.S. stock market, beating Amazon and Alphabet in daily trading volume for the first time. With $5.5 billion traded on October 25, the company seems to have cemented its place in mainstream finance, joining what its executive chairman calls...Read More
Less than a year after their launch, spot Bitcoin ETFs have recorded unprecedented growth, boosting investors’ interest and demand for the largest cryptocurrency. A recent report by Binance Research, the research arm of the global cryptocurrency exchange, revealed that bitcoin ETFs have accumulated over 938,000 BTC, worth $63.3 billion. This figure represents 4.5% of the...Read More
The world’s largest stablecoin issuer, Tether, has joined hands with authorities in the Swiss City of Lugano to unveil a new statue of the pseudonymous Bitcoin creator Satoshi Nakamoto at the third annual forum of the Plan ₿ initiative. According to a press release by Tether, the Satoshi Nakamoto statue embodies the Bitcoin creator’s mystery...Read More
