Bitcoin (BTC) surged to $96,859 today and is currently trading at $96,171, reflecting a 0.55% daily gain. With a market cap of $1.90 trillion, the cryptocurrency showcases resilience, despite reduced block rewards and low transaction fees. The 24-hour trading volume spiked to $47.13 billion, accounting for 2.5% of the market
As Bitcoin continues to rise, experts are watching closely, predicting it might breach the $100,000 level soon. NEAR Protocol is also experiencing a notable boost, thanks to a new partnership with Deutsche Telekom that solidifies its role in decentralized finance. In a thriving market, BlockDAG (BDAG) is making waves by
Following the announcement that the business will raise $62 million by offering the Moving Strike Stock Acquisition Rights in order to buy more Bitcoins, Metaplanet’s shares jumped 6.5% during Thursday’s trading session. The stock has increased by 102% in the last month, which is three times the 36% gain made
The global cryptocurrency market has displayed a notable surge today, led by Bitcoin’s impressive rally, which has seen its price climb back to $95K from the $90K dip. This bullish movement comes on the heels of several positive announcements, including the Bitwise 10 Crypto Index Fund’s application with the SEC.
Bitcoin’s recent attempt to break through the $100K mark faltered, with the cryptocurrency retreating to the $90K range, leaving the market wondering if a second attempt is on the horizon. Despite Bitcoin’s pullback, the buzz surrounding altcoins is growing, as the Altcoin Season Index (ASI) surges. Analysts suggest, If this
Bitcoin’s market sentiment has been significantly influenced by a crucial metric, the Mean Dollar Invested Age (MDIA). This metric measures the average age of each BTC that has been sitting in wallets on the network. A rapid drop in MDIA indicates that dormant coins are moving back into circulation, a
Bitcoin mining company, MARA Holdings announced an additional acquisition of 703 BTC, totaling 6,474 BTC holdings at an average price of $95,395 per 1 BTC. The company acquired these Bitcoins with its latest 0% $1B convertible notes offering, following in the footsteps of Microstrategy. With our 0% $1 billion convertible
Celsius Network, the crypto lending platform that filed for bankruptcy in July 2022, plans to begin the second payout to eligible creditors. As the bankruptcy proceedings are ongoing, the court document discloses that the platform’s distribution is estimated at $127 million in liquid crypto assets. It brings total recoveries to
The excitement for new announcements and developments, particularly President-elect Donald Trump, pushes the Bitcoin market to new highs. Today, the market reacted to another level with Senator Cynthia Lummis’s new statement linking Trump to pro-Bitcoin initiatives. Sharing a video on Twitter, Lummis claimed, “President Trump is assembling an army to
One of the largest crypto asset management companies, Bitwise has proposed a mix-crypto ETP consisting of both Bitcoin and Ethereum, weighted by market cap. NYSE Arca filed a 19b-4 form to list this product. Bitwise is a crypto specialist asset manager with more than $11 billion in client assets and
