Search Results for: Bitcoin
Bitcoin’s price jumped to $76,244 on 6 November, just as election results confirmed Trump’s victory. It has since settled around $74,000.
MicroStrategy doubles down on Bitcoin with aggressive $42B investment
October 31, 2024 at 13:54 GMTMicroStrategy has also introduced the “21/21 Plan”, which is an ambitious goal to raise $42 billion over the next three years, specifically to buy more Bitcoin.
Bitcoin’s technical indicators look promising, with its 50-day moving average recently crossing above its 200-day average, which is commonly seen as a positive signal for future growth.
Bitcoin’s dominance in the market has increased to 65%, a level last achieved during the bull run of 2021.
According to data from CoinDesk Indices, Bitcoin is now outperforming other large cryptocurrencies, including those in the CoinDesk 20 (CD20) index, which rose by 9.6% in the same period.
Metaplanet boosts Bitcoin holdings with new investments and options strategy
October 7, 2024 at 10:45 GMTIn total, the company has spent 5.965 billion yen (around $40.32 million) on its Bitcoin portfolio, at an average price of ¥9.33 million ($62,906) per $BTC.
El Salvador pressed by IMF to limit Bitcoin use in new economic plan
October 4, 2024 at 14:11 GMTThe IMF has proposed a few changes: tightening regulations on Bitcoin use, increasing oversight of the cryptocurrency, and reducing the public sector’s exposure to Bitcoin.
Tron’s revenue surpasses Ethereum and Bitcoin as stablecoins drive growth
October 3, 2024 at 12:55 GMTOne of the major reasons for Tron’s success is its position in the stablecoin market. Tron is currently the second-largest blockchain for stablecoins, holding a 34.8% share of the global market.
Bitcoin ETFs face $242.6M outflow, largest single-day loss since early September
October 2, 2024 at 12:06 GMTThe outflows from both Bitcoin and Ethereum ETFs come at a time of increased global uncertainty as tensions rise in the Middle East.
Since earlier this year, Metaplanet has been steadily adding to its Bitcoin reserves, showing that it believes in Bitcoin’s long-term potential, regardless of short-term market conditions.