MicroStrategy Continues Bitcoin Buying Streak: 15,400 BTC Added This Monday
As November concludes and December begins, business intelligence firm MicroStrategy has significantly accelerated its Bitcoin (BTC) acquisitions, slightly surpassing the milestone of 400,000 BTC in its portfolio. This purchase surge comes just over a month after the company announced ambitious plans to raise $21 billion through stock sales to fund additional Bitcoin acquisitions. $1.5 Billion…
Ethereum Risk-Reward Ratio Is Now Attractive, Brokerage Firm Explains
Ethereum (ETH) now offers an attractive risk-reward ratio, according to analysts at research and brokerage firm Bernstein. Despite underperforming compared to other major cryptocurrencies like Bitcoin (BTC), Solana (SOL), and XRP for most of 2024, Ethereum’s strong fundamentals may set the stage for a potential rally. Why Is Ethereum Struggling? Bernstein Analysts Explain Ethereum, the…
Bitcoin Set To Hit $140,000 Target In December – Here’s Why
Bitcoin (BTC) experienced a rather turbulent end to November, reaching a local bottom of $90,796 on Tuesday. Notably, the market bulls have shown some resilience in the past few days producing a market gain of 5.9% to move the digital asset back above $96,000. Interestingly, as December begins, popular market analyst Ali Martinez has backed…
Cardano To Hit $10? Analyst Thinks It’s Happening This Cycle
As Bitcoin leads the charge for crypto this cycle, with its price teasing the $100k level, many analysts offer predictions on top altcoins. One token that’s widely seen to surge in this cycle is Cardano (ADA), a popular proof-of-stake blockchain that supports dApps. If one crypto analyst is to be believed, Cardano can hit $10…
Bitcoin Price on the Brink: $100K Breakthrough Imminent?
Bitcoin price is recovering higher above the $96,000 level. BTC is showing positive signs and aims for a fresh increase above the $98,800 level. Bitcoin started a fresh increase above the $96,000 zone. The price is trading above $96,500 and the 100 hourly Simple moving average. There was a break above a short-term bearish trend…
Stablecoin Market Capitalization Nears $200 Billion — Bitcoin Price To Resume Rally?
The latest on-chain data shows that the stablecoin market is nearing a new milestone in terms of valuation. Here’s how the increasing liquidity could impact Bitcoin and the general cryptocurrency market. Can The Increasing Stablecoin Cap Push Bitcoin Price To $100,000? Market intelligence platform IntoTheBlock has revealed in its weekly report that the stablecoin market…
As Bitcoin Nears $100,000: “Don’t Be Left Behind,” Robert Kiyosaki Says
A known personal finance book author joined many cryptocurrency analysts in saying that Bitcoin could hit $100,000 anytime soon as the crypto reached the $96,000 mark today. American author Robert Kiyosaki made a controversial stand after commenting that the psychological phenomenon of the fear of missing out (FOMO) can be a positive driving force that…
Second Distribution By Celsius Network: Creditors To Receive Bitcoin Valued at $95,000 Each
Once a prominent player in the cryptocurrency lending space, Celsius Network has commenced its second round of distributions to creditors, amounting to $127 million. This follows the company’s prior efforts to distribute approximately $3 billion in crypto and fiat currency, initiated after a successful vote on its reorganization plan earlier this year. The latest distribution…
Explosive Breakout Ahead? XRP Bulls Rally Toward $2 Mark
Recently, XRP has been on a robust positive run; some predict that the altcoin will hit $2 in the following weeks. This hope coincides with increasing whale activity, as technical signs suggest that the price might cross significant barrier levels. Starting in early November, XRP’s explosion has inspired experts and investors. Whales Fuel Price Movement…
Bitcoin Price Forms Bullish Pennant On 3-Day Chart, $145,000 Target Swims Into View
Although currently undergoing a brief correction after almost touching the $100,000 price level, technical analysis has shown the emergence of a bullish pattern on the Bitcoin price chart. Notably, the correction has given rise to the formation of a bullish pennant on the 3-day candlestick Bitcoin price chart. This development might be the bullish momentum…