MicroStrategy has extended its Monday bitcoin acquisition streak with another purchase announced by co-founder Michael Saylor minutes ago. This time, the company was slightly more modest by allocating less than a billion to acquire 5,262 BTC. MicroStrategy has acquired 5,262 BTC for ~$561 million at ~$106,662 per bitcoin and has achieved BTC Yield of 47.4%...Read More
With the crypto market halfway through this bull cycle, the amount of bitcoin readily available for sale is shrinking faster relative to demand growth. On-chain analysis by the market intelligence firm CryptoQuant revealed that the bitcoin market is currently experiencing a demand shock because demand growth is accelerating and supply is shrinking. According to a...Read More
Bitcoin (BTC) is currently worth around $94,000 after trading above $108,000 earlier this week. While traders continue to take profits, analysts believe the cryptocurrency still has room for growth. According to an X thread by Rafael Schultze-Kraft, the co-founder of the on-chain market intelligence platform Glassnode, over 20 charts and metrics suggest BTC has yet...Read More
The landscape in the cryptocurrency space can change drastically in days. Recall that bitcoin tapped a new all-time high of over $108,000 on Tuesday, but its price has slumped to $94,500 since then. This came after a few remarks by Federal Reserve Chair Jerome Powell, who warned that the central bank could not purchase BTC...Read More
The Avalanche Foundation has launched its most significant network upgrade to date, Avalanche9000, introducing the Etna upgrade to its mainnet. It marks a fundamental shift in the Avalanche ecosystem by simplifying the process of launching Layer 1 blockchains, removing the complexities of the previous Subnet model. AVAX’s price remained largely unfazed despite the major overhaul....Read More
US investors continued to pour money into the spot Bitcoin ETFs after Donald Trump’s victory in the presidential elections, and the streak extended into the past five trading days. The Ethereum counterparts have also enjoyed the momentum by attracting almost a billion dollars within the past week. BTC ETFs Keep the Momentum Going The initial...Read More
For the past two years, Bitcoin has come roaring back from 2022’s crypto winter. It was a tough one-year correction cycle, complete with a rash of cash crunches and liquidations of some big names in blockchain. The crash was so devastating that a few Web3 founders who broke the law even went to jail in...Read More
Nearly a year since United States-based spot Bitcoin exchange-traded funds (ETFs) were launched in January, the funds have experienced remarkable growth. Inflows into the 12 funds have surpassed 500,000 BTC. Spot Bitcoin ETFs Attract Over 500K BTC In an X post, Vetle Lunde, head of Research at the digital assets research firm K33, stated that...Read More
Is this December a good time to buy Bitcoin? Some say there’s no gift like the present, especially during the year-end holiday season. Because that’s when equities and cryptocurrencies historically deliver most of their positive yearly returns. “A Santa Claus rally is the sustained increase in the stock market that occurs around the Christmas holiday...Read More
The 11 spot Bitcoin ETFs in the States continue to enjoy substantial investor demand following the presidential elections, with another week of multi-billion dollar net inflows. This time, the same can and will be said about the spot Ethereum ETFs, which finally emerge as attractive investment tools. BTC ETF Inflows Rockets The previous business week...Read More
Bitcoin (BTC) has witnessed remarkable growth this year as seen in its realized capitalization growing from $430 billion in January to a new high of $730 billion. The cryptocurrency recently had a historic moment when it crossed the $100,000 mark, becoming worth six figures for the first time. Analysts at the blockchain intelligence platform CryptoQuant...Read More
Bitcoin’s (BTC) 7% surge above $100,000 in the past 24 hours has ignited a massive reaction in the crypto community. Market experts and analysts are discussing factors that led to the historic move and speculating about how high bitcoin can go, given the current state of the market. CryptoPotato received remarks from analysts at the...Read More
Total crypto market cap has reached an all-time high of $3.83 trillion following a 2.7% rise on the day, according to Coingecko. Digital asset market momentum has largely been driven by Donald Trump’s presidential election victory and the promise of a pro-crypto regulatory landscape in the United States. Since election day on Nov. 5, almost...Read More
Since the beginning of 2024, publicly traded Bitcoin mining companies have collectively spent more than $3.6 billion on property, plant, and equipment (PP&E). This includes money spent on mining hardware, data center upgrades, and other infrastructure needed to maintain and expand their operations. Record Spending Incoming A November 28 newsletter from TheMinerMag revealed that mining...Read More
The global stablecoin supply has hit new highs, with Tether (USDT) and USD Coin (USDC) dominating the sector. According to a Bloomberg report citing data from DefiLlama, the market capitalization of stablecoins has increased by 46% this year, reaching a record of about $191.6 billion at the time of writing. Stablecoin Market Value Up 50% Since...Read More
Bitcoin went through one of its most spectacular runs in recent history since the US elections three weeks ago, skyrocketing from under $70,000 to just shy of $100,000. After gaining more than $30,000 in less than a month, it was almost inevitable that the asset would eventually retrace, which happened yesterday as BTC was rejected...Read More
The business intelligence giant founded and guided by Michael Saylor has done it again on a Monday, breaking its own record for the largest single bitcoin purchase. In this week’s edition, MicroStrategy said it bought 55,500 BTC for an average price of just under $98,000. MicroStrategy has acquired 55,500 BTC for ~$5.4 billion at ~$97,862...Read More
Crypto markets have been rallying for the past several days, however, things are starting to cool, with most digital assets correcting as this week begins. The robust economic backdrop, coupled with the expected policy changes under Donald Trump’s administration, supports an optimistic outlook for crypto and tech stocks, especially assets associated with artificial intelligence. Economic...Read More
Several base-layer blockchain cryptocurrencies that compete with Ethereum—because they are optimized for smart contracts and open-source currency issuance—rallied further up their price charts than ETH during the US election rally. Even Bitcoin gains beat Ether’s on this turn of the markets. For the 30 days ending Friday, Nov. 22, Bitcoin’s price gained 47%. Meanwhile, Sui Coin...Read More
The US-based spot Bitcoin ETFs enjoyed a highly positive week, with every trading day ending with net inflows of millions and even billions of dollars. In stark contrast, the Ethereum counterparties ended the same five-day trading period deep in red territory. Over $3B Enter BTC ETFs Weekly It has been nothing short of a spectacular...Read More
After a week-long consolidation with a few corrections below $90,000, bitcoin’s bull run resumed yesterday, and the asset charted a fresh peak of just over $94,000. On-chain and social data indicated that the asset’s rally could be far from over, and the question arises of whether it has the legs to go to the coveted...Read More
Crypto markets held on to gains over the weekend, and Bitcoin has remained in command, dominating the sector while the rest continue to sleep. Last week’s CPI data were in line with expectations, while producer-prices inflation was above estimates. However, markets retreated after Fed Chair Jerome Powell commented that policymakers are now on a more...Read More
Ever since the US presidential elections in the middle of last week, the spot Bitcoin ETFs had enjoyed a massive demand trend with a couple of $1+ billion inflow days before a slight change in investors’ tactics. The spot Ethereum ETFs also had some noteworthy days but ended the week in the red. Billions Enter...Read More
Despite bitcoin’s (BTC) remarkable ascent to $93,400 over the last few days, analysts at the market analytics platform CryptoQuant say the cryptocurrency is still not overvalued and that the $100,000 region could be its next victim. According to a weekly report, the Trader On-chain realized max band suggests that BTC could crush the $100,000 target...Read More
Bitcoin (BTC) continues to rally to new all-time highs daily, with crypto investors wondering which price level will be the next victim of the cryptocurrency’s upward momentum. While market participants speculate on which price would be bitcoin’s final destination for this bull run, analysts have outlined on-chain conditions to look out for in the future....Read More
Total crypto market capitalization hit an all-time high of $3.12 trillion during early trading in Asia on Tuesday, Nov. 12. This has now topped the $3.08 trillion market cap peak hit in November 2021, almost three years ago to the day. “Crypto market hits a $3 trillion market cap, returning to levels last seen in Nov....Read More
Crypto markets have moved higher over the weekend with big gains for altcoins as Bitcoin pushed past $81,000 into new price discovery zones. Last week, two major catalysts kicked off the action with a sweeping victory for Donald Trump in the US presidential elections and the Federal Reserve cutting interest rates by a further 25...Read More
In perhaps one of the most intriguing and important weeks for the US, local investors showed uncertainty at first but ultimately changed their sentiment toward the spot Bitcoin ETFs as the country elected a new president. Even the spot Ethereum ETFs saw some impressive net inflows for their own standard. BTC ETFs During Election Week...Read More
Bitcoin prices reached a record high of $76,444 during late trading on Wednesday, building on previous price peaks earlier in the day. The move comes as the US presidential election results filtered in throughout the day and Donald Trump was declared the winner. Trump crossed the 270 electoral vote threshold with 295 to Kamala Harris’...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
