Bitcoin dominance is in the analyst’s eyes, which indicates another cycle of the cryptocurrency market, after it is dominating for a few months. Bitcoin dominance, which measures the market capitalization of Bitcoin influence in the cryptocurrency market, has dropped to 56% or shrunk from 60% in the past month, according to the data from TradingView. Analysts also projected...
Michael Saylor promised Microsoft’s board of executives to present Bitcoin advantages for the company in just 3 minutes, and he did. Executive Chairman of MicroStrategy, Michael Saylor, presented Bitcoin strategic reserve for Microsoft (MSFT) boards on Dec. 01 as he promised earlier. He highlighted that Bitcoin is a transformation of digital capital, and they need to adopt...
Traders betting on Bitcoin’s surge to the $100,000 mark have been liquidated on the market prediction platform Polymarket. Bitcoin btc-0.43%Bitcoin rallied to an all-time high of $99,655 on Nov. 22, increasing the chances of breaking the $100,000 barrier to 91%, according to a poll on Polymarket. However, the flagship cryptocurrency soon started to face correction and even touched a local low...
Metaplanet is set to distribute Bitcoin to shareholders through a lottery system, aimed at incentivizing participation in its new initiative with SBI VC Trade. Tokyo-listed firm Metaplanet has unveiled a new shareholder benefit program, offering Bitcoin btc-0.43%Bitcoin rewards through a lottery system as part of its collaboration with SBI VC Trade, a subsidiary of SBI Holdings. In an X post on...
Michael Saylor announced a significant Bitcoin purchase by MicroStrategy shortly after pitching the cryptocurrency to Microsoft. On Dec. 2, Saylor revealed that MicroStrategy had acquired15,400 Bitcoin btc-0.43%Bitcoin for $1.5 billion, with an average purchase price of $95,976 per coin. The acquisition increased MicroStrategy’s Bitcoin holdings to approximately 402,100 BTC, valued at over $38 billion as of press time, with...
Genius Group Limited, an education and AI firm based in Singapore, has expanded its Bitcoin-focused strategy by acquiring an additional $1.8 million worth of Bitcoin. This acquisition brings the company’s total holdings to 172 Bitcoin btc-0.43%Bitcoin, valued at $15.8 million, with an average purchase price of $92,006 per Bitcoin, according to a company press release. The move follows...
Cash App is ending its Bitcoin transfer by user tags feature months after federal investigations into Block’s compliance practices, sparking concerns about the app’s ability to handle risks. Cash App, a popular mobile app known for peer-to-peer payments, investing, and crypto transactions, will end its Bitcoin btc-0.43%Bitcoin feature by late December, months after federal authorities raised concerns over...
MicroStrategy’s aggressive Bitcoin acquisition strategy continues to draw sharp criticism from gold advocate Peter Schiff. In an X post on Monday, Schiff pointed out that MicroStrategy has already spent $11.5 billion of its $42 billion Bitcoin btc-0.43%Bitcoin investment plan in just over a month. He questioned the sustainability of this pace, highlighting that Bitcoin prices remain below the highly anticipated...
The second-largest cryptocurrency in the world, Ethereum, has seen a major inflow from the financial market, with a total of $2.2 billion this year. According to CoinShare’s published report on Dec. 02, Ethereum eth0.39%Ethereum has an outstanding record, along with Bitcoin as the most prominent crypto in the world, receiving a large amount of inflow this year. Ethereum has gained market...
Spot Bitcoin exchange-traded funds in the United States recorded their fourth consecutive day of inflows on Dec. 2, with $353.67 million flowing into the funds. According to data from SoSoValue, BlackRock’s IBIT fund led the charge, recording a massive $338.33 million in inflows. Fidelity’s FBTC and ARK’s ARKB funds contributed to the trend with inflows of $25.14 million and...
