The cryptocurrency market is still in the recovery lane, as suggested by the overall market cap increase of 4.99%. Leading cryptocurrencies have depicted different narratives over the past day. Meanwhile, World Liberty Financial has continued to buy tokens in the last 24 hours, increasing speculation about its activity. Apart from
Bitcoin’s recent price activity has been a rollercoaster. The cryptocurrency traded at $97,431 just six days after a record-breaking all-time high (ATH) of $104,088. Despite a 0.59% daily surge, Bitcoin’s trading volume has dipped by 15%, raising questions about the sustainability of its current trajectory. Bitcoin has surged by 20%
Bringing its total Bitcoin holdings to 40,435 BTC, Bitcoin miner MARA has announced the acquisition of 11,774 BTC for $1.1 billion. Just one day after MicroStrategy, the public firm with the biggest Bitcoin holding, disclosed another acquisition, the Bitcoin miner—the second-largest public corporation in terms of Bitcoin holdings—made an announcement.
Despite the wild swings in the cryptocurrency market, the BlackRock Bitcoin ETF (IBIT) managed to attract $358 million in new investors on Monday. Even though the price of Bitcoin dropped below $94,000 yesterday, IBIT’s dominating inflows persisted. Bitcoin fell more than 5% after rejection at $100,000 levels, causing altcoins to
In light of Bitcoin’s capacity to provide financial stability in the face of unstable fiat markets, Mayor Ken Sim of Vancouver, Canada, is encouraging the city council to investigate its incorporation into municipal financial policies. “Preserving of the City’s Purchasing Power Through Diversification of Financial Reserves – Becoming A Bitcoin
Anton Tkachev, a State Duma deputy from the New People party, sent an official proposal to Finance Minister Anton Siluanov, urging the government to consider Bitcoin an alternative reserve asset. In his appeal, Tkachev argued that traditional currency reserves, including the dollar, euro, and yuan, face risks like inflation, sanctions,
Riot Platforms, a Bitcoin miner, has stated that it would be raising $500 million to speed up its Bitcoin acquisition strategy. Convertible senior notes maturing in 2030 worth $500 million were proposed for private sale to eligible institutional investors by the company on Monday. Specifically, the aforementioned digital asset is
For the sixth week running, starting in early November, MicroStrategy has increased its Bitcoin purchases. The software firm raised its total Bitcoin holdings to 423,650 after announcing the acquisition of 21,550 BTC for $2.1 billion. Having achieved a BTC yield of 43.2% QTD and 68.7% YTD, MicroStrategy said in a
Under pressure from the International Monetary Fund (IMF), El Salvador, the world’s first government to adopt Bitcoin as legal cash, is allegedly reducing its BTC aspirations. According to the Financial Times, which cited sources familiar with the situation, El Salvador is reportedly planning to amend its Bitcoin policy in exchange
The crypto market’s adoption into the mainstream took an interesting turn in the past day. According to reports, the leading shopping platform, Amazon, expressed interest in Bitcoin. The firm’s shareholders have recommended that they examine the cryptocurrency as a potential inclusion in the treasury. Meanwhile, market prices have remained bullish
