Just an hour before, Bitcoin (BTC) saw a significant drop in the Asian trading hours, plunging into the $91K range after a loaded crypto liquidation totaling $687 million. BTC alone accounted for $178.25 million in liquidations, reflecting the market’s struggle with overheating leverage positions and profit-taking among holders. Over the
In an announcement about its Bitcoin holdings, healthcare-focused technology business Semler Scientific revealed the purchase of 297 BTC between November 18 and 22, 2024. With fees included, the average price of a Bitcoin was $97,995, and the total cost to the business was $29.1 million. A recent release states that
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 5.68%, trading at $92,981.58, while Ethereum and Dogecoin also suffered significant liquidations. Liquidation events spiked,
Earlier today, the largest Solana-based memecoin, dogwifhat (WIF), saw its price climb by over 15.91%, rising from a low of $3.08 to a high of $3.57 following its listing on popular crypto exchange Robinhood. This surge was triggered by a cryptic post from the exchange on Monday, featuring the iconic
While the flagship cryptocurrency Bitcoin is hitting new highs every day, Rumble, the popular video platform known for its conservative audience, is making a significant shift in its financial strategy by investing in Bitcoin. On Monday, the company’s Board of Directors approved a plan to allocate a portion of its
Bitcoin steadied at $94k on Tuesday, rebounding after a sharp sell-off that pushed its price below $93,000 earlier in the day. The cryptocurrency saw a 24-hour decline of 5.1%, with liquidations across the crypto market reaching $553 million, including $415 million in long positions. Bitcoin is trading at $94,408, and
The Bitcoin holdings of MicroStrategy have surged once again. The company’s total Bitcoin holdings reached 386,700 after an announcement that it had acquired 55,500 BTC for $5.4 billion. With the purchase of 55,500 BTC from November 18–24 at an average price of $97,862 per bitcoin, MicroStrategy increased its BTC yield
In a novel and innovative move, El Salvador is mining Bitcoin utilizing the strength of its volcanic landscape. While praising the country’s geothermal energy potential, President Nayib Bukele proposed a “rent your volcano to mine Bitcoin” initiative recently. El Salvador has used its natural resources, particularly its 170 volcanoes, to
Cantor Fitzgerald, a bond and financial services trading business in the United States, is allegedly in talks with Tether about launching a multibillion-dollar lending program backed by Bitcoin. Customers would be able to borrow money using Bitcoin as collateral under the proposed program. According to a Bloomberg article on Saturday,
South Korea’s Financial Services Commission (FSC) has rejected plans to create a national Bitcoin reserve. The decision comes as U.S. President-elect Donald Trump pushes pro-crypto policies. FSC Chairman Kim Byung-hwan expressed caution, prioritizing investor protection over rapid adoption. 📢JUST IN: SOUTH KOREA'S FINANCIAL SERVICES COMMISSION (FSC) DROPS PLANS TO ESTABLISH
