Bitcoin recently approached the significant $100,000 milestone, reaching a high of $99,645 on November 22. However, it has since faced some challenges, currently trading at $96,000 after a 2% drop over the past week. This fluctuation follows a period of heightened interest in spot Bitcoin ETFs, particularly in light of recent outflows on November 25 ...
Bitcoin began the week down 2%, trading at $95,000, influenced by weak traditional markets and concerns over the French government’s stability. This decline followed a failed attempt to surpass a significant sell wall at $100,000. However, there’s still optimism as data shows about 75% of Bitcoin is illiquid. With upcoming announcements from a Middle Eastern ...
WisdomTree has filed with the SEC to launch a spot XRP exchange-traded fund (ETF), joining other firms like Bitwise and 21Shares in seeking approval. This move reflects increasing interest from institutions in XRP, especially as it has recently become the third-largest cryptocurrency by Market cap, driven by a significant price surge to $2.42. The timing ...
XRP has recently experienced a remarkable surge, climbing above the $2 mark for the first time since early 2018, peaking at $2.49. This impressive growth of over 70% in just a few days has caught the attention of industry experts, including TechCrunch founder Michael Arrington, who described XRP as “a beast.” The cryptocurrency’s Market capitalization ...
Bitcoin has started the week on a low note, trading down 2% at $95,000 as traditional markets exhibit risk-averse behavior. This decline follows Bitcoin’s unsuccessful attempt to surpass a significant sell wall near $100,000. Despite the current downturn, analysts suggest there’s still hope for bulls, as nearly 75% of Bitcoin is considered illiquid. Meanwhile, Ethereum ...
Tom Lee from Fundstrat believes that the cryptocurrency Market is nearing a phase where smaller altcoins may outperform larger ones like Bitcoin. In a recent podcast with Anthony Scaramucci, Lee mentioned that his firm is advising clients to consider Ethereum and Solana for diversifying their investments. He anticipates an “altseason” where expertise in crypto may ...
Tom Lee from Fundstrat believes that smaller altcoins are set to gain traction over larger cryptocurrencies like Bitcoin. In a recent podcast, he suggested that clients consider investing in Ethereum and Solana to diversify beyond Bitcoin, as these assets may provide significant opportunities as the Market evolves. Lee anticipates the beginning of “altseason,” where various ...
Bitcoin’s price sits at $95,300, slightly recovering from a recent dip. MicroStrategy’s co-founder, Michael Saylor, emphasized Bitcoin’s future importance during a pitch to Microsoft, suggesting it represents a key technological wave. Despite a small outflow of $136.5 million from Bitcoin spot ETFs last week, stablecoin reserves on Binance have hit a record high, indicating renewed ...
Bitcoin’s price today stands at $95,300 after a slight recovery from last week’s dip. MicroStrategy’s Michael Saylor has stressed the importance of Bitcoin as a key technological advancement that companies like Microsoft should consider. Despite a minor outflow of $136.5 million from US spot Bitcoin ETFs, optimism remains as Binance’s stablecoin reserves hit an all-time ...
Bitfarms Ltd. has released its operational update for November 2024, showcasing significant growth in Bitcoin production. The company achieved an operating hashrate of 12.8 EH/s and earned 204 BTC, reflecting an increase of 100% year-over-year. They have initiated new hosting agreements in Pennsylvania, which are expected to enhance their North American operations. Additionally, Bitfarms is ...
