MicroStrategy has made an entrance to the top 100 publicly traded companies list in the U.S. by market cap, securing the 97th spot. The firm’s market cap has reached $96.73 billion. This follows a surge in the company’s stock price, which climbed 12% yesterday, breaking the $400 mark. Notably, the
Dogecoin (DOGE) shows signs of a potential breakout as the Ichimoku Cloud suggests continued bullish momentum. While tech mogul Elon Musk’s tweets on DOGE have historically created price pumps, the current rally seems different. The memecoin clearly follows Bitcoin’s trend; as of Nov 20, BTC hit a new all-time high
US spot Bitcoin exchange-traded funds still buy more bitcoins per day than are being produced. According to Coinglass, the total aggregate inflows across all eleven ETFs amount to around $814 million. Assuming institutional investors maintain their present pace of coin hoarding, a massive supply shock is likely, given that around
A significant milestone for the cryptocurrency sector was reached when Spot Bitcoin ETF options made their official debut on the Nasdaq. Investors have acquired more tools for risk hedging and covering exposure to Bitcoin’s volatility with the introduction of these options, beginning with BlackRock’s iShares Bitcoin Trust ETF (IBIT). During
Microsoft plans to assess and incorporate Bitcoin into its balance sheet. This decision aligns with the shareholders preparing to vote on a proposal in December, coinciding with an upcoming presentation by Michael Saylor, Executive Chairman of MicroStrategy, to Microsoft’s board of directors. During a November 19 X Spaces session hosted
As good times in the digital assets sector persist, this week has seen a short pause in price rallies. The community known for its endless optimism has been sportive as investors wait for the next bull cycle. Meanwhile, smart traders have gotten to work beginning to accumulate tokens before it
As per industry executive Joe Consorti, more liquidity could attract a new wave of institutional and individual investors. Making the impending launch of spot Bitcoin exchange-traded fund options in the US a potentially monumental event. According to a video published on X on November 19 by Consorti, head of growth
Genius Group Limited, a publicly traded firm, has acquired 110 Bitcoin, valued at $10 million, with an average acquisition price of $90,932 per BTC. This purchase aligns with the company’s “Bitcoin-first” treasury initiative. It aims to allocate 90% and above of its reserves to Bitcoin, and the firm has a
Bitcoin (BTC) has turned into a crucial digital asset to watch after reaching an all-time high of $93,434 on November 23, 2024. Following nine consecutive days of record-breaking highs, the flagship cryptocurrency has now settled above $91,500, maintaining steady momentum despite struggling to break past the $92,600 resistance level. This
A new record of $33.5 billion has been reached so far this year by global crypto funds managed by global asset managers. According to CoinShares, these funds have now had net inflows for six weeks running, with an additional $2.19 billion. The funds’ assets under management have reached a new
