Just as Bitcoin surpassed the highly coveted $100,000 mark, defunct crypto exchange Mt. Gox moved roughly $2.47 billion worth of the cryptocurrency to an unknown wallet. According to Arkham Intelligence, a Mt. Gox wallet identified as “1F…RT” transferred over 24,000 BTC to an unknown wallet starting with “1N7j” at 2:45 am UTC on Dec. 5, where the funds...
U.S. spot Bitcoin exchange-traded funds saw their fifth consecutive day of inflows on Dec. 4 as Bitcoin surged past $100,000 to a new all-time high, driven by optimism over a favorable regulatory outlook under President-elect Donald Trump. According to data from SoSoValue, U.S. spot Bitcoin ETFs recorded their fifth consecutive day of inflows on Wednesday, bringing the total...
Bitcoin hit a new all-time high of $100,000 for the first time in history after the price increase of 5% on the day of trading. Bitcoin btc7.74%Bitcoin, the world’s largest cryptocurrency by market capitalization, just hit a targeted price of $100,000 as a new all-time high. This milestone has significantly raised market confidence after the coin stumbled...
Bitcoin has rebounded to $98,000 today after dropping to its weekly lowest point, and several sentiments have made it back to head the $100,000 target price. Bitcoin btc7.74%Bitcoin, the world’s largest cryptocurrency in the world by market capitalization, rose around 3% to $98,436 in the past week after dropping under the weekly average to $93,913 on Tuesday. The...
New York City Mayor Eric Adams reiterated his support for Bitcoin, reflecting on the skepticism he faced when he first decided to convert his paychecks into cryptocurrency back in 2022. At a recent media event, Adams said, “We should not be afraid of Bitcoin. Remember y’all laughed at me when I first got my Bitcoin? Who’s laughing...
Bitcoin miner Hut 8 launched an at-the-market and stock repurchase program to finance its corporate strategic BTC reserve. Hut 8’s ATM initiative aims to raise $500 million for its Bitcoin btc7.74%Bitcoin treasury and $250 million to fund stock buybacks, per a Dec. 4 press statement. The firm’s CEO, Asher Genoot, stated that Hut 8’s decision will allow the miner to...
KULR Technology Group announced plans to allocate up to 90% of its cash surplus, including $12 million currently on hand, to Bitcoin. This decision aligns the company with a growing trend of businesses using Bitcoin as a treasury asset. The company’s leadership explained that the move enhances financial resilience. KULR’s Bitcoin purchases will be influenced by market conditions and...
Russian President Vladimir Putin reiterated support for Bitcoin and digital assets as the European powerhouse approached greater crypto adoption. “Nobody can stop Bitcoin” btc7.74%Bitcoin, Russia’s President Vladimir Putin said at the World Trade Center in Moscow on Wednesday, Dec. 4, according to Bloomberg and local news agency TASS. President Putin also stated that BTC and digital assets will...
Bitcoin price is under the spotlight as markets anticipate a potential Federal Reserve rate cut that could drive fresh momentum. Notably, the CME FedWatch Tool has indicated a 74.5% possibility of a 0.25% rate cut by the Federal Reserve at its forthcoming Dec. 18 meeting. This comes after the 50 bps rate cut in September and 25 bps last month. If...
Argo mined 39 BTC in November, generating $3.4 million in revenue despite a production drop from October. Bitcoin btc7.74%Bitcoin mining firm Argo Blockchain has released its November production update, showcasing an increase in revenue despite a decline in Bitcoin mining. In a Dec. 4 press release, the firm revealed it had mined 39 BTC in November, a decrease from the 46...
