[ad_1] On-chain data shows a Dogecoin whale has made a large deposit to the Binance exchange, which could be bearish for DOGE’s price. Dogecoin Whale Has Moved Big To Binance Today According to data from the cryptocurrency transaction tracker service Whale Alert, a massive move has been spotted on the Dogecoin blockchain during the past day. The transfer involved 112,382,564 memecoin tokens worth around $48.7 million when the move was executed on the network. Transactions of this size are generally associated with the whales. Whales refer to humongous entities on the blockchain that can carry some degree of influence in…
Author: dfrancis36
[ad_1] Este artículo también está disponible en español. MicroStrategy, the business intelligence firm helmed by co-founder and Chairman Michael Saylor, has made headlines yet again with the announcement of a $2.1 billion Bitcoin (BTC) acquisition. Interestingly, this is the fifth consecutive Monday that the Tysons Corner, Virginia-based corporation has announced major acquisitions of the market’s leading crypto, demonstrating confidence in BTC’s prospects and price appreciation. Microstrategy’s Bitcoin Stash Surpasses Nvidia According to a filing with the US Securities and Exchange Commission (SEC), MicroStrategy purchased 21,550 Bitcoin tokens between December 2 and December 8 for an average price of $98,783 per…
[ad_1] An executive of an American business intelligence company urged the US government to buy more Bitcoin and build a national reserve to enhance the country’s economic dominance. MicroStrategy executive chairman Michael Saylor made a controversial suggestion that the US should sell its gold reserves to build the nation’s reserve. Exchange Gold For Bitcoin Saylor once again brought an eccentric proposal that would surely earn a lot of criticism, urging the US government to swap its gold reserve for Bitcoin. The MicroStrategy executive, known as a staunch advocate of Bitcoin, told the US to rethink its economic strategy and shift…
[ad_1] Este artículo también está disponible en español. Bitcoin price started another decline and traded below the $98,000 support. BTC dipped toward the $95,000 level and is currently correcting losses. Bitcoin started a fresh decline below the $98,000 support zone. The price is trading below $98,000 and the 100 hourly Simple moving average. There is a connecting bearish trend line forming with resistance at $98,800 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could regain momentum if it closes above the $98,800 resistance zone. Bitcoin Price Takes Hit Bitcoin price failed to gain pace…
[ad_1] El Salvador is on the verge of reaching a big financial agreement with the International Monetary Fund (IMF), with plans to finish a $1.3 billion loan program within the next two to three weeks. The country will change its use of Bitcoin (BTC) as legal tender and take steps to lower its government deficit. According to a Financial Times report, individuals familiar with the negotiations said an IMF mission has already arrived in San Salvador to finalize the specifics with President Nayib Bukele’s administration. El Salvador To Modify Bitcoin Policy The proposed pact is expected to result in an…
[ad_1] Ethereum, the second-largest crypto by market capitalization, has recently demonstrated strong bullish momentum, breaching above $4,000. It is worth noting that its price rally has been accompanied by a significant spike in its funding rates, a critical metric reflecting sentiment in the futures market. The metric, analyzed by CryptoQuant analyst ShayanBTC, has reached levels not seen since January 2024. This surge in funding rates suggests a growing optimism among traders, with many anticipating the possibility of Ethereum reaching new all-time highs. But Is A Correction On The Horizon? Despite this enthusiasm, the market’s current state raises questions about sustainability.…
[ad_1] MicroStrategy, a US-based business intelligence firm, has expanded its Bitcoin (BTC) holdings as part of its corporate treasury strategy. The company announced its latest purchase of 21,550 BTC, worth approximately $2.1 billion. MicroStrategy Unfazed by Bitcoin’s Historic Price Surge In an official announcement today, the publicly-traded company had acquired an additional 21,550 BTC. This purchase comes as Bitcoin crossed the $100,000 mark for the first time in its history, pushing the total cryptocurrency market cap to unprecedented levels. According to a filing with the US Securities and Exchange Commission (SEC), the acquisition was funded through proceeds from issuing and…
[ad_1] According to the latest report by CoinShares, crypto asset investment products have achieved a historic milestone, with weekly inflows totaling $3.85 billion, surpassing previous records set earlier this year. CoinShares highlighted a surge in investor interest, propelling total year-to-date (YTD) inflows to $41 billion and assets under management (AuM) to $165 billion—a contrast to prior cycle highs in 2021, which saw YTD inflows of $10.6 billion and an AuM peak of $83 billion. While Bitcoin continued to dominate, Ethereum posted its largest weekly inflows on record, highlighting the growing demand for major digital assets. Bitcoin And Ethereum Lead Inflows…
[ad_1] The firm behind USDT says that the growth of crypto’s largest stablecoin by market cap has been fueled by sharks and minnows rather than whales. In a newly released Tether Insights publication, USDT-issuer Tether highlights the “extraordinary” growth of USDT in crypto wallets. “The growth of USDT wallets has been extraordinary, increasing 71% in the past year and 129% the year before, driven primarily by wallets holding less than $1,000. This surge accelerated after the collapse of FTX when users chose to self-custody their USDT rather than keep it on centralized platforms. USDT’s momentum continued even after competitors like…
[ad_1] Este artículo también está disponible en español. Bitcoin might become part of Amazon’s treasury strategy as the online retail giant’s shareholders are pushing for the adoption of the cryptocurrency in its assets. If Amazon embraces digital assets, it will join other business titans exploring the inclusion of Bitcoin in their asset portfolios. Related Reading Bitcoin As Financial Reserve Option Shareholders of Amazon urged the online retail store to evaluate the possibility of adding Bitcoin to its balance sheet, saying that the firstborn cryptocurrency could enhance the investors’ value in the long term because it is one way of protecting…