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
In less than 48 hours, the crypto market, and particularly Bitcoin, has taken a downturn. The cryptocurrency dropped 7% on Tuesday, hitting the $91K level after days of trading above $95,000. This price movement has had minor effects on the altcoin sector, but tokens have bounced back to previous trading
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
The daily active addresses on the Bitcoin blockchain are witnessing a substantial increase and are approaching the 1 million mark, as per IntoTheBlock market intelligence platform. As Bitcoin is marching towards the $100k level, the on-chain activity is rising with the increased interest among Bitcoin users. Bitcoin’s long-term activity trend
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
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
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
